ebix.com Reports Profitable 2ndQ Results

August 15, 2002

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.

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