Blucora Reports Fourth Quarter and Full Year 2020 Results
DALLAS, Feb. 17, 2021 (GLOBE NEWSWIRE) Blucora, Inc. (NASDAQ: BCOR), a leading provider of technology-enabled, tax-focused financial solutions, today announced financial results for the fourth quarter and full year ended December 31, 2020.
2020 Highlights and Recent Developments
Increased total revenue by 5% year-over-year, to $755 million, including the addition of HK Financial Services (“HKFS”), on July 1
Recorded 23rd consecutive year of segment revenue growth at TaxAct, excluding sale of SimpleTax
Completed acquisition of HKFS, now rebranded as Avantax Planning Partners (“APP”), adding a historically fast growing, highly profitable registered investment advisor (“RIA”) and its fee-based advisory assets to the Company’s wealth management business
Operator
Ladies and gentlemen, thank you for standing by, and welcome to the Blucora Fourth Quarter 2020 Earnings Conference Call. [Operator Instructions]
I would now like to hand the call over to Dee Littrell, Investor Relations. Please go ahead.
Dee Littrell
Investor Relations
Thank you and welcome, everyone, to Blucora s fourth quarter 2020 earnings conference call. By now, you should have had the opportunity to review a copy of our earnings release and supplemental information. If you have not reviewed these documents, they are available on the Investor Relations section of our website at blucora.com. I m joined today by Chris Walters, Chief Executive Officer, and Marc Mehlman, Chief Financial Officer.
Common calendar, Packet papers, February 12
Common calendar, Packet papers, February 12
French American School Princeton (FASP) is accepting enrollment.
At FASP, students in preschool (3 years old) through grade 8 benefit from a rigorous bilingual curriculum accredited by the Middle State Association Commissions on Elementary and Secondary Schools and the French Ministry of Education; personalized attention thanks to small class sizes; and a multicultural community with more than 30 nationalities represented.
FAPS is located at 75 Mapleton Road, Princeton.
McCarter Theatre Center presents Fireside Chats to “spark” conversation in the community.
Filmed on the front lawn of the Princeton theater, student activities, Pulitzer Prize-winners, local business owners and others are interviewed by Artistic Director Sarah Rasmussen.
Thursday, February 11, 2021
Marisa E. Poncia
Despite initial obstacles because of the COVID-19 pandemic, 2020 rounded out to be the busiest year for mergers and acquisitions (M&A) enforcement in the United States in nearly two decades. In the fourth quarter, US agencies challenged five transactions. November 2020 saw the most premerger filings in any month since 2001. Mergers and filings in the United States are predicted to remain at high levels into the new year in light of the current economic climate. The antitrust agencies have continued to maintain that their evaluation and investigation of anticompetitive harm will remain rigorous despite the uncertain times.