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DALLAS, Nov. 30, 2022 (GLOBE NEWSWIRE) -- “Power of Community” drove the Avantax Wealth Management ® National Conference 2022 in Atlanta, where the firm hosted 1,100 independent Financial Professionals, Wealth Management Assistants, Home Office staff, and Educational Partne...
DALLAS, Nov. 14, 2022 (GLOBE NEWSWIRE) -- A series of acquisitions has helped the Avantax® employee-based model to significantly grow total client assets and its geographic footprint. Two years ago, Avantax’s employee-based model had approximately $4.4 billion in total client as...
DALLAS, Nov. 08, 2022 (GLOBE NEWSWIRE) -- Avantax ® , a leader in tax-focused financial planning, continued its record-breaking recruiting results as 74 independent Financial Professionals affiliated with Avantax during the third quarter of 2022, driving year-to-date newly recruite...
Summary Blucora sold its TaxAct business to a Cinven affiliate for $720 million in cash. After taxes, the deal is expected to have net cash proceeds of $620 million. The bulk of the proceeds will be used to pay down debt, post-paydown capital projected to be from $400-$450 million...
Blucora, Inc. (BCOR) Q3 2022 Earnings Conference Call November 01, 2022, 08:30 ET Company Participants Dee Littrell - IR Christopher Walters - President, CEO & Executive Director Marc Mehlman - CFO Conference Call Participants Joshua Siegler - Can...
The following slide deck was published by Blucora, Inc. in conjunction with their 2022 Q3 earnings call. For further details see: Blucora, Inc. 2022 Q3 - Results - Earnings Call Presentation
Blucora ( NASDAQ: BCOR ) rose 9% in premarket trading after agreeing to sell its TaxAct tax software business to an affiliate of Cinven for $720 million in cash. After the sale of TaxAct, Blucora ( BCOR ) will rebrand as Avantax and focus on providing tax-focused w...
Blucora press release ( NASDAQ: BCOR ): Q3 Non-GAAP EPS of -$0.20 misses by $0.01 . Revenue of $171.7M (-1.4% Y/Y) beats by $6.56M . Blucora reported total revenue of $171.7 million, a decrease of 1% versus the third quarter of the prior year. Avantax ended...
DALLAS, Nov. 01, 2022 (GLOBE NEWSWIRE) -- Blucora, Inc. (NASDAQ: BCOR), a leading provider of technology-enabled, tax focused financial solutions, today announced financial results for the third quarter ended September 30, 2022. Third Quarter Highlights and Recent Developments ...
Has Entered Into Definitive Agreement to Sell Tax Software Business for $720 Million in Cash Company to Use Proceeds to Pay Down Debt and Return Excess Capital to Shareholders Company to Streamline Operations and Rebrand as Avantax after the Closing of the TaxAct Transac...
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DALLAS, Jan. 25, 2023 (GLOBE NEWSWIRE) -- Blucora, Inc. (NASDAQ: BCOR), a leading provider of tax-focused wealth management services, today announced a corporate name change to Avantax, Inc. and a change of its NASDAQ ticker symbol from “BCOR” to “AVTA” effective as of...
DALLAS, Jan. 24, 2023 (GLOBE NEWSWIRE) -- Blucora, Inc. (“Blucora” or the “Company”) (NASDAQ: BCOR) announced today that the Company and certain of its wholly-owned subsidiaries entered into a credit agreement (the “Amended and Restated Credit Agreement”)...
Company Has Successfully Unlocked Significant Value for Stockholders Through Sale of TaxAct and is Now a Pure-Play Wealth Management Company Company Confirms Previously Announced Plans to Return Significant Capital to Stockholders and Rebrand DALLAS, Jan. 23, 2023 (GLOBE NEWSWIRE) -...