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Ebix reports $11.53 million net loss for March
By Sarah Lizee
Olympia, Wash., April 23 – Ebix, Inc. reported an $11.53 million net loss for March on $11.16 million gross income/sales, according to its monthly operating report filed with the U.S. Bankruptcy Court for the Northern District of Texas.
The operating income for March was $1.12 million.
The company posted $12.06 million in reorganization fees.
The cash balance at the end of the month was $14.39 million.
Ebix is a Johns Creek, Ga.-based international supplier of on-demand software and e-commerce services to the insurance, financial, health care and e-learning industries. The company filed bankruptcy on Dec. 17 under Chapter 11 case number 23-80004.
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