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BCOR Blucora

Blucora, Inc. is on the forefront of financial technology, a provider of data and technology-driven solutions that empower people to improve their financial wellness. Blucora operates in two segments including (i) wealth management, through its Avantax Wealth Management brand, with a collective $83 billion in total client assets as of December 31, 2020, and (ii) tax preparation, through its TaxAct business, a market leader in tax preparation software with approximately 3 million consumer and more than 23,000 professional users in 2020. With integrated tax-focused software and wealth management, Blucora is uniquely positioned to assist our customers in achieving better long-term outcomes via holistic, tax-advantaged solutions.

Company profile

Ticker
BCOR
Exchange
Website
CEO
Christopher Walters
Employees
Incorporated
Location
Fiscal year end
Industry (SIC)
Former names
INFOSPACE COM INC, INFOSPACE INC
SEC CIK
Subsidiaries
1G Acquisitions, LLC • 1st Global Consulting, Inc. • 1st Global Retirement Services, Inc. • 1st Global Ventures, Inc. • 1st Global, Inc. • 1st Partners & Co, Inc. • Avantax Acquisition Services, LLC • Avantax Advisory Services, Inc. • Avantax Holdings, Inc. • Avantax Insurance Agency LLC ...
IRS number
911718107

BCOR stock data

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Calendar

4 Aug 21
15 Oct 21
31 Dec 21
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Jun 21 Mar 21 Dec 20 Sep 20
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Financial data from Blucora earnings reports.

Date Owner Security Transaction Code Indirect 10b5-1 $Price #Shares $Value #Remaining
8 Jul 21 Mackay Todd C Common Stock Payment of exercise Dispose F No No 16.54 2,167 35.84K 96,038
8 Jul 21 Bruder Ann J. Common Stock Payment of exercise Dispose F No No 16.54 1,507 24.93K 89,701
26 Jun 21 Stacy Murray Common Stock Payment of exercise Dispose F No No 17.79 264 4.7K 13,750
14 Jun 21 Mackay Todd C Common Stock Payment of exercise Dispose F No No 16.95 3,334 56.51K 98,205
21 May 21 Walters Christopher William Common Stock Payment of exercise Dispose F No No 16.37 4,893 80.1K 289,511

Data for the last complete 13F reporting period. To see the most recent changes to ownership, click the ownership history button above.

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Total holders 0 0
Opened positions 0 0
Closed positions 0 0
Increased positions 0 0
Reduced positions 0 0
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Total value 0 0
Total shares 0 0
Total puts 0 0
Total calls 0 0
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Financial report summary

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Competition
Franchise
Risks
  • The current COVID-19 pandemic could have a Material Adverse Effect.
  • The wealth management and tax preparation markets are very competitive, and failure to effectively compete could result in a Material Adverse Effect.
  • Deficiencies in service or performance of the financial or software products we offer, competitive pressures on pricing of such services or products, or other market declines may cause our Wealth Management and Tax Preparation businesses to decline.
  • Our business depends on fees generated from the distribution of financial products and fees earned from management of advisory accounts, and changes in market values or in the fee structure of such products or accounts could adversely affect our revenues, business, and financial condition.
  • If we are unable to attract and retain productive financial professionals, including our in-house financial professionals and our independent contractor financial professionals, our financial results will be negatively impacted.
  • Changes in economic, political and other factors could have a Material Adverse Effect on our business.
  • If we are unable to develop, manage, and maintain critical third-party business relationships for our Tax Preparation and Wealth Management businesses, it could result in a Material Adverse Effect.
  • The products and services offered by our Wealth Management and Tax Preparation businesses are reliant on products, tools, platforms, systems and services provided by key vendors and partners, including in the case of our Wealth Management business, third-party CPA firms and financial professionals. If these third-party products, tools, platforms, systems and services do not operate as anticipated, our ability to conduct and grow our operations and execute our business strategy could be materially harmed and we could incur harm to our business and reputation, as well as potentially significant costs to improve or replace such products and services.
  • If our goodwill or other intangible assets become impaired, we have been, and in the future may be, required to record a significant impairment charge, which could result in a Material Adverse Effect.
  • We have had recent senior leadership transitions, and if we are not effective in managing those transitions, our business could be adversely impacted and we could experience a Material Adverse Effect.
  • If we are unable to hire, retain, and motivate highly qualified employees, including our key employees, we may not be able to successfully manage our businesses.
  • Future growth of our business and revenue growth depends upon our ability to adapt to technological change and successfully introduce new and enhanced products and services.
  • Our operating systems and network infrastructure, including our website, transaction management software, data center systems, or the systems of third-party co-location facilities and cloud service providers, could fail, become unavailable or otherwise be inadequate, are subject to significant and constantly evolving cybersecurity and other technological risks, and the security measures that we have implemented to secure confidential and personal information may be breached. A potential breach or any unavailability, inadequacy or failure of our operating systems and network infrastructure may pose risks to the uninterrupted operation of our systems, expose us to mitigation costs, litigation, investigation, fines and penalties by authorities, claims by third parties (including persons whose information was disclosed), damage to our reputation, and/or result in a material loss of revenues and current or potential customers and have a Material Adverse Effect.
  • If our Tax Preparation business fails to process transactions effectively or fails to adequately protect against disputed or potential fraudulent activities, it could have a Material Adverse Effect, and stolen identity refund fraud could result in negative publicity and/or impede our Tax Preparation customers’ ability to timely and successfully file their tax returns and receive their tax refunds.
  • The specialized and highly seasonal nature of our Tax Preparation business presents financial risks and operational challenges, which, if not satisfactorily addressed, could result in a Material Adverse Effect.
  • The United States government’s inability to agree on a federal budget, and/or its decision to issue additional Economic Impact Payments, may adversely impact our operations and financial results.
  • If our enterprise risk management and compliance frameworks, including our policies and procedures, are not effective at mitigating risk and loss to us, we could be exposed to unidentified or unanticipated risks, suffer unexpected claims or losses, experience reputational harm, and/or cause a Material Adverse Effect.
  • Our Wealth Management business is subject to extensive regulation, and failure to comply with these regulations or interpretations thereof could have a Material Adverse Effect.
  • Government regulation of our business, including increased regulation or the interpretation of existing laws, rules or regulations, could have a Material Adverse Effect.
  • Current and future litigation, regulatory proceedings or adverse court interpretations of the laws and regulations under which the Company operates could have a Material Adverse Effect.
  • Complex and evolving U.S. and international laws and regulation regarding privacy and data protection could result in claims, changes to our business practices, penalties, increased cost of operations or otherwise harm our business, and concerns about the current privacy and cybersecurity environment, generally, could deter current and potential customers from adopting our products and services and damage our reputation.
  • We may be negatively impacted by any future changes in tax laws.
  • If third parties claim that our services infringe upon their intellectual property rights, we may be forced to seek expensive licenses, reengineer our services, engage in expensive and time-consuming litigation, or stop marketing and licensing our services.
  • We may fail to realize all of the anticipated benefits of the HKFS Acquisition or those benefits may take longer to realize than expected.
  • We may fail to realize all of the anticipated benefits of the 1st Global Acquisition or those benefits may take longer to realize than expected. We may also encounter significant difficulties in integrating the operations of 1st Global.
  • We have incurred a significant amount of indebtedness, which may materially and adversely impact our financial condition and future financial results.
  • Existing cash and cash equivalents and cash generated from operations may not be sufficient to meet our anticipated cash needs for servicing debt, working capital, and capital expenditures.
  • Our stock price has been highly volatile and such volatility may continue.
  • Our financial results may fluctuate, which could cause our stock price to be volatile or decline.
  • We cannot assure you we will continue to repurchase shares of our common stock pursuant to our stock repurchase plan.
  • Our utilization of our federal NOLs may be severely limited or potentially eliminated.
  • Delaware law and our organizational documents may impede or discourage a takeover that would be beneficial to our stockholders.
Management Discussion
  • Item 2. Management’s Discussion and Analysis of Financial Condition and Results of Operations
  • Blucora, Inc. (the “Company,” “Blucora,” “we,” “our,” or “us”) is a leading provider of integrated tax-focused wealth management services and software, assisting consumers, small business owners, tax professionals, financial professionals, and certified public accounting (“CPA”) firms in achieving better long-term outcomes via holistic, tax-advantaged solutions. Our mission is to empower people to improve their financial wellness through data and technology-driven solutions. We conduct our operations through two primary businesses: (1) the Wealth Management business and (2) the Tax Software business. Our common stock is listed on the NASDAQ Global Select Market under the symbol “BCOR.”
  • The Wealth Management business consists of the operations of Avantax Wealth Management and Avantax Planning Partners (collectively, the “Wealth Management business” or the “Wealth Management segment”).
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Removed: amortizing, ceased, customer, driven, extend, unearned