Ebix, Inc. and Subsidiaries
Consolidated Statements of Income
(In thousands, except per share data)
(Unaudited)
Three Months Six Months
Ended June 30, Ended June 30,
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2008 2007 2008 2007
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Operating Revenue 17,803 9,816 34,442 18,834
Operating expenses:
Cost of services provided 3,225 1,718 6,161 3,284
Product development 2,162 2,198 4,240 4,048
Sales and marketing 818 1,078 1,665 2,030
General and administrative 3,856 1,899 7,672 3,686
Amortization and depreciation 837 625 1,656 1,250
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Total operating expenses 10,898 7,518 21,394 14,298
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Operating income 6,905 2,298 13,048 4,536
Interest income 140 136 262 207
Interest expense (394) (142) (736) (370)
Foreign exchange gain (loss) 100 122 159 127
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Income before income taxes 6,751 2,414 12,733 4,500
Income tax (expense)/benefit (415) 99 (727) (25)
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Net income $ 6,336 $2,513 $12,006 $ 4,475
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Basic earnings per common share $ 1.96 $ 0.85 $ 3.62 $ 1.54
Diluted earnings per common share $ 1.62 $ 0.75 $ 3.01 $ 1.36
Basic weighted average shares
outstanding 3,229 2,973 3,318 2,911
Diluted weighted average shares
outstanding 3,992 3,366 4,073 3,291 |
