The latest update is out from Ebix (EBIXQ).
Ebix, Inc. and its subsidiaries, collectively known as the Debtors, are navigating Chapter 11 bankruptcy, operating under court supervision since their December 2023 filing. As of June 2024, they’ve submitted monthly operating reports, but caution against using these as a basis for investment decisions. These preliminary reports aren’t audited or GAAP-compliant and may change materially upon further review. Amidst ongoing legal proceedings and operational challenges, the company warns investors of potential risks and uncertainties that could impact its business and financial performance.
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