BCOR - BCOR STOCK NEWS

Blucora, Inc. (NASDAQ: BCOR) announced that CEO Chris Walters and CFO Marc Mehlman will present at the Midwest IDEAS Investor Conference on August 24, 2022, at 3:45 PM CT in Chicago, IL. The presentation will be available via webcast on the conference website and Blucora's investor relations page.

The IDEAS Investor Conferences aim to connect quality companies with investment professionals, promoting independent investment insights.

Blucora (NASDAQ: BCOR) reported Q2 2022 financial results, achieving total revenue of $256.9 million, a 1% increase from Q2 2021. Wealth Management revenue rose slightly to $162.7 million, whereas Tax Software revenue increased by 2.5% to $94.2 million. Newly recruited assets totaled $514 million for the quarter, surpassing last year’s total. Despite a challenging environment, the company anticipates double-digit growth for TaxAct and reports a GAAP net income of $39.4 million ($0.81 per share). The company also paid down its term loan by $35 million.

Blucora, a provider of data-driven tax software and wealth management solutions, plans to release its second quarter 2022 financial results on August 8, 2022, after market close. A conference call will follow on August 9, 2022, at 8:30 a.m. ET, where the company will discuss its results and outlook. Blucora manages approximately $86 billion in client assets via Avantax Wealth Management and operates TaxAct, a leader in tax software with over 3 million consumer users and 24,500 professional users as of 2021.

Blucora, a provider of tech-enabled financial solutions, announced that CEO Chris Walters and CFO Marc Mehlman will present at the East Coast IDEAS Investor Conference on June 22, 2022. Their presentation will be available at 6:00 am ET and will be accessible via the conference site and Blucora's investor relations page. Blucora operates in wealth management and tax software, managing approximately $86 billion in assets and serving over 3 million tax software users. The IDEAS Investor Conferences are designed to connect quality companies with investment professionals.

Blucora, Inc. (NASDAQ: BCOR) reported robust financial results for Q1 2022, with total revenue of $307.6 million, a 10.5% year-over-year increase. Key highlights include TaxAct gaining 19 basis points market share and Avantax recording its first net positive flows since Q1 2020. The company ended the quarter with $86.1 billion in client assets and a significant $1.2 billion growth in net new advisory assets. For fiscal 2022, Blucora anticipates total revenue between $937.5 million and $971.0 million, reflecting strong growth in Tax Software and Wealth Management.

Blucora, Inc. (NASDAQ: BCOR) will report its first quarter 2022 financial results on May 4, 2022, before market open. A conference call will follow at 8:30 a.m. ET to discuss the results and company outlook. Blucora specializes in data-driven tax software and wealth management solutions, managing $89 billion in client assets as of December 31, 2021. The company has over 3 million consumer tax software users and around 24,500 professional users in 2021, providing integrated tax and wealth management services.

TaxAct has partnered with AAA to offer members nationwide a discounted tax filing experience, featuring free access to tax experts and educational resources. This collaboration aims to support over 56 million AAA members in achieving financial wellness and maximizing tax refunds. TaxAct President Curtis Campbell emphasized this partnership as a step towards financial success for its users. The initiative highlights TaxAct's commitment to providing affordable and accurate tax solutions, enhancing the overall financial health of customers.

Engine Capital LP has withdrawn its nominations for election to Blucora's Board of Directors at the upcoming Annual Meeting. The firm expressed optimism over recent appointments, specifically cybersecurity expert Kanayalal Kotecha and investment banker J. Richard Leaman III, highlighting their potential to address Blucora's underperformance and corporate overhead issues. Engine believes the company trades at a significant discount and will allow the new Board ten months to improve shareholder value before considering further actions at the 2023 Annual Meeting.

Blucora Announces Board Appointments

Blucora, Inc. (NASDAQ: BCOR) has appointed Kan Kotecha and Rick Leaman to its Board of Directors, effective immediately. This follows a search initiated in 2021 with shareholder input. Kotecha, previously Chief Technology Officer at Morgan Stanley, brings expertise in technology and cybersecurity, while Leaman offers over 30 years of investment banking experience, including M&A and capital allocation. The Board aims to leverage their knowledge to boost corporate strategy and shareholder value.