Benzinga | Feb 22, 2021 08:47AM EST

Ebix Sees FY 2020 Gift Card Business Less Than $1.4M; Sees Q4 2020 Gift Card Business Less Than $1M

What is the income materiality of the Gift card business? As elaborated in our previous press release, the unaudited operating income from our gift card business was less than $1.4 million for the full year 2020 and less than $1 million for Q4 2020. The Company believes that the accounting, including for our gift card business, is consistent with GAAP.