This Day On The Street
Continue to site
ADVERTISEMENT
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here

Blucora Reports Strong Second Quarter Results

Blucora, Inc. (NASDAQ: BCOR) today announced financial results for the second quarter ended June 30, 2013.

“We are pleased to announce solid results across both of our businesses in the first half of 2013,” said Bill Ruckelshaus, President and Chief Executive Officer of Blucora. “InfoSpace continues to expand its distribution network and drive growth with existing partners. TaxACT recorded market share gains in tax year 2012 with enhanced core offerings and new services complementary to the filing process.”

 
Summary Financial Performance: 2Q 2013

($ in millions except per share amounts)

      Q2 2013       Q2 2012       Growth
Revenues $ 117.2       $ 100.9       16 %
Search $ 94.5 $ 81.8 16 %
Tax Preparation $ 22.7 $ 19.1 19 %
 
Adjusted EBITDA $ 29.2 $ 24.5 19 %
Non-GAAP Net Income $ 24.6 $ 21.8 13 %
Non-GAAP Diluted EPS $ 0.58 $ 0.53 9 %
 
Net Income

$

8.4

(1)

 

$

9.7

(2)

 

-13 %
GAAP Diluted EPS

$

0.20

(1)

 

$ 0.23 -13 %
 
(1) Includes $2.3 million non-cash loss on derivative instrument.
(2) Includes $0.3 million non-cash gain on derivative instrument.
 
See reconciliation of non-GAAP to GAAP measures below.
 

Segment Information

Search

Segment revenue for the second quarter of 2013 reflects strong growth from search distribution and in our owned and operated properties, up 12 percent and 46 percent, respectively, over the second quarter of 2012. Segment income for the second quarter of 2013 was $17.9 million, up 19 percent over the second quarter of 2012.

1 of 3

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

David Peltier uncovers low dollar stocks with serious upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Only $9.95
14-Days Free
To begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
Submit an article to us!
SYM TRADE IT LAST %CHG

Markets

DOW 18,037.97 -42.17 -0.23%
S&P 500 2,108.92 -8.77 -0.41%
NASDAQ 5,060.2460 -31.8390 -0.63%

Partners Compare Online Brokers

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs