Ebix (EBIX) Stock

JOHNS CREEK, Ga., Sept. 4, 2024 /PRNewswire/ -- Ebix Inc., a leading international supplier of On-Demand software and E-commerce services to the insurance, financial, healthcare, and e-learning industries, announced today that it has successfully completed its Chapter 11 restructuring process and has emerged as a financially and operationally stronger company that is well-positioned for the future.

Shares of Ebix Inc. EBIX, -7.50% plummeted 54.6% toward a 17-year low in premarket trading Monday, after the Georgia-based provider of on-demand software for the insurance, financial services, travel and healthcare industries said it filed for bankruptcy. the company said it will continue to operate “normally,” and that its affiliates outside of the U.S. are not included in the bankruptcy.

Once the post-COVID boom faded, many high-flying tech stocks plummeted, potentially creating opportunities for growth investors looking to position their portfolios for substantial gains. In my view, select beaten-down tech companies appear primed for massive upside if bought before the impending recovery.

JOHNS CREEK, Ga., Aug. 08, 2023 (GLOBE NEWSWIRE) -- Ebix, Inc. (NASDAQ: EBIX), a leading international supplier of on-demand software and e-commerce services to the insurance, financial services, travel, healthcare and e-learning industries, today announced that it will release second quarter 2023 results before the market's opening on August 9, 2023 but will not host an investor call that day in view of disclosure requirements in our international jurisdictions. The company anticipates this change to be temporary and intends to resume holding its earnings calls as earlier, in the future. Ebix will also file its second quarter Form 10-Q on August 9, 2023.

Global e-commerce and Software-as-a-Service (SaaS) provider Ebix Inc. NASDAQ: EBIX is a jack-of-all-trades fintech solutions provider to the insurance, travel, healthcare and e-learning industries. The company may be under the radar, but it's not new.