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EBIX

Ebix Inc

5/25/2013, 10:21 PM ET

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Monday, May 13, 3:59 PM The rest of the top 25 heavily shorted S&P 1500 stocks: ESI, GTAT, DGIT, LQDT, WRLD, JCP, GME, FRAN, SVU, ONE, AKS, CRR, EBIX, DDD, SPF, DMND, DECK, BKS, COCO, X. 7 Comments
Friday, May 10, 4:05 PM Ebix (EBIX): Q1 EPS of $0.45 beats by $0.01. Revenue of $52.6M misses by $1.56M. (PR) Comment! [Earnings, Breaking News, Tech]
Thursday, May 2, 1:06 PM The SEC's probe of Ebix's (EBIX -5.6%) accounting has been "upgraded to a formal investigation," Bloomberg reports. That has led shares of the insurance software firm to tumble to $19.44, 2.8% below Goldman's $20/share buyout price. Bloomberg originally reported of an SEC probe back in Nov.; CEO Robin Raina responded by calling the report "inaccurate and misleading." SA contributor Gotham City Research has been quite critical of Ebix's accounting (also to Raina's displeasure). 6 Comments [Tech, On the Move]
Wednesday, May 1, 9:49 AM Goldman Sachs (GS) apparently sees accounting issues at Ebix (EBIX +4.8%) a bit differently than Gotham City Research as an affiliate of the bank inks a deal to buy the company for $20/share in cash. (PR) 3 Comments [Financials, Tech, M&A, Breaking News]
Thursday, March 14, 9:26 AM Ebix (EBIX) +14.2% following its mixed Q4 results. The fact shares were well below Oct./Nov. levels led to lowered expectations. Gross margin was 80.7%, +50 bps Y/Y. Opex +22%, nearly even with revenue growth. $3.2M worth of shares were repurchased, and more repurchases are expected in Q1, leading to a slight reduction in share count. No revenue/EPS guidance in the PR. CC at 11AM ET (webcast). (PR) Comment! [Tech, On the Move, Earnings]
Thursday, March 14, 9:15 AM Premarket gainers: MW +15%. EBIX +14%. ARWR +8%. BLDP +6%. FTE +6%.
Losers: ANAD -8%. NBG -7%. DCTH -7%. ETFC -7%. VRA -6%. Comment! [On the Move]
Thursday, March 14, 7:32 AM Ebix (EBIX): Q4 EPS of $0.48 beats by $0.02. Revenue of $54M (+23% Y/Y) misses by $0.34M. (PR) Comment! [Earnings, Breaking News, Tech]
Thursday, March 14, 12:05 AM Notable earnings before Thursday’s open: ARQL, BKE, DSX, EBIX, GLP, SOL, TA Comment! [Earnings]
Wednesday, March 13, 5:30 PM Notable earnings before Thursday’s open: ARQL, BKE, DSX, EBIX, GLP, SOL, TA Comment! [Earnings]
Wednesday, February 27, 2:44 PM Ebix (EBIX +3.5%) has staged a two-day rally since taking part in a Craig-Hallum call (webcast) to address what it calls "materially inaccurate statements and conclusions" made by SA contributor Gotham City Research in a lengthy Feb. 21 report. Shares are up 12% from Monday's close, but still down 22% since Gotham's report arrived. 1 Comment [Tech, On the Move]
Friday, February 22, 11:15 AM Ebix (EBIX -9.4%) responds to SA contributor Gotham City Research's claims of improper accounting with a terse PR that calls Gotham's assertions "unsubstantiated," and insists Ebix's financial reporting "complies with all SEC reporting requirements." Investors aren't sold on Ebix's defense; shares are now down 33% since Gotham's report came out. 5 Comments [Tech, On the Move]
Thursday, February 21, 1:15 PM Midday top 10 gainers: CBMX +115%. WH +85%. PRKR +48%. RPRX +31%. CLRX +26%. MKTG +23%. ALIM +20%. JAXB +17%. BRY +17%. CBR +15%.
Midday top 10 losers: PAY -39%. GENT -23%. EBIX -23%. PATK -16%. XRSC -16%. CMGE -16%. CHLN -16%. RBCN -15%. RFMD -15%. ANTP -14%. Comment! [On the Move]
Thursday, February 21, 9:29 AM Ebix (EBIX) -2.7% after SA contributor Gotham City Research accuses the insurance software maker of a long list of accounting misdeeds. Among other things, Gotham City notes the existence of a $65.8M related party loan by Ebix's Singapore unit, claims Ebix's Australian revenue (as disclosed in Australian filings) is a fraction of what's claimed in SEC filings, and estimates 20%-40% of accounts receivable "seem of dubious quality." The SEC has already launched a probe of Ebix's accounting. 2 Comments [Tech, On the Move, Quick Ideas]
Thursday, November 8, 2012, 2:40 PM Ebix (EBIX -3.7%) is lower following its Q3 report, even though the insurance software firm beat estimates and raised its quarterly dividend by 50% to $0.075/share. The company now sports a yield of 1.7%. A slight Q/Q drop in deferred revenue to $18.05M might not be going over well, given revenue rose 13% Q/Q. (SEC probe report: I, II) 2 Comments [Tech, Earnings, On the Move]
Thursday, November 8, 2012, 8:18 AM Ebix (EBIX): Q3 EPS of $0.46 beats by $0.05. Revenue of $53.8M (+26.3% Y/Y) beats by $3.5M. (PR) Comment! [Earnings, Tech]
Thursday, November 8, 2012, 12:05 AM Notable earnings before Thursday’s open: AAP, AINV, AMRC, APU, BCRX, CNQ, DF, DUK, EBIX, ES, EZCH, FE, FSYS, GTXI, HK, KIOR, KSS, MFC, MWW, NOG, PGNX, PMT, POZN, PPL, SMBL, SNSS, SVNT, THI, TNK, VMC, WEN, WIN Comment! [Earnings]