ebix.com Inc., an international supplier of software and e-commerce solutions to the property and casualty industry, announced results for the second quarter ended June 30, 2002.
ebix.com reported second quarter net income of $17,000, as compared to $175,000 for the second quarter of 2001. Total revenues were $2.725 million for the quarter ended June 30, 2002, as compared to revenues of $3.359 million for the second quarter of 2001.
Net income for the six months ended June 30, 2002 was $215,000 compared to net income of $315,000 for the six months ended June 30, 2001. Total revenues were $6.070 million for the six months ended June 30, 2002 compared to revenues of $6.504 million for the six months ended June 30, 2001.
The company reported cash and cash equivalents of $6,254,000 at June 30, 2002 compared to $6,167,000 at Dec. 31, 2001. During the six months ended June 30, 2002, the company experienced positive operating cash flow of $181,000.
Topics Profit Loss
Was this article valuable?
Here are more articles you may enjoy.
Meta Loses Insurance for Defense in Major Social Media Addiction Litigation 
Depreciation on ACV Is OK, Court Says in Knocking Down Class Action vs. Cincinnati 
Iran’s Grip on Hormuz Is Tighter Than Ever After a Month of War 
Taylor Swift Sued for Trademark Infringement Over ‘Life of a Showgirl’ 
