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