{"id":37406,"date":"2016-07-29T08:51:40","date_gmt":"2016-07-29T12:51:40","guid":{"rendered":"https:\/\/cablemanpro.com\/wallstreetpr\/?p=37406"},"modified":"2016-07-29T08:51:40","modified_gmt":"2016-07-29T12:51:40","slug":"blucora-inc-nasdaqbcor-repays-20-million-debt-in-2q2016","status":"publish","type":"post","link":"https:\/\/cablemanpro.com\/wallstreetpr\/blucora-inc-nasdaqbcor-repays-20-million-debt-in-2q2016-37406","title":{"rendered":"Blucora Inc (NASDAQ:BCOR) Repays $20 Million Debt In 2Q2016"},"content":{"rendered":"

Blucora Inc (NASDAQ:BCOR)<\/strong> a provider of technology-supported financial solutions to small businesses, tax professionals and consumer, released financial report for the second quarter closed June 30, 2016. The adjusted EBITDA and operating income surged 36% and 99%, respectively in 2Q2016 against the same period last year. The company repaid debt worth $20 million, bringing the firm\u2019s total debt decline for 1H2016 to $88 million. Also, it finalized a definitive deal to sell Infospace to OpenMail valued at $45 million.<\/p>\n

The highlights<\/strong><\/p>\n

Blucora reported that segment income and Tax Preparation revenue jumped 21% and 18%, respectively, for the semester through June 30, 2016 against the comparable period last year. They witnessed a decline in segment income and Wealth Management sales of 7% and 6%, respectively, in 2Q2016 versus the same quarter last year. John Clendening, the CEO and President of Blucora, reported that they continue to make considerable progress toward the transformation. They have pivoted TaxAct\u2019s GTM plan, achieved strong tax season with segment income growth and double-digit revenue, and realigned the price points.<\/p>\n

At HD Vest, the company is witnessing headwinds manifesting in challenges in advisor led revenue, particularly transactional revenue. The company is focused on leading advisor engagement through improved adoption of customer financial plans, and use of the \u20181040 Analyst\u00ae\u2019 tool.<\/p>\n

The progress<\/strong><\/p>\n

Clendening added that throughout 2q2016, they continued with their measures to streamline overall businesses and strengthen balance sheet. It was made possible through the deal to sell Infospace and de-levering measures, including repaying debt of $20 million. They remain focused on enhancing performance while preparing for long term growth and increased shareholder value.<\/p>\n

Blucora came up with a presentation which covered pro forma financial data and HD Vest. Additionally, it excluded the E-Commerce and Search and Content divisions which have been stated as discontinued businesses for all periods covered in the presentation.<\/p>\n","protected":false},"excerpt":{"rendered":"

Blucora Inc (NASDAQ:BCOR) a provider of technology-supported financial solutions to small businesses, tax professionals and consumer, released financial report for the second quarter closed June […]<\/p>\n","protected":false},"author":32,"featured_media":37407,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"rop_custom_images_group":[],"rop_custom_messages_group":[],"rop_publish_now":"initial","rop_publish_now_accounts":{"twitter_2902945987_2902945987":""},"rop_publish_now_history":[],"rop_publish_now_status":"pending","footnotes":""},"categories":[263],"tags":[11996,11995,11997],"stock_ticker":[],"class_list":["post-37406","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-technology","tag-blucora-inc","tag-blucora-inc-nasdaqbcor","tag-nasdaqbcor","entry"],"acf":[],"yoast_head":"\nBlucora Inc (NASDAQ:BCOR) Repays $20 Million Debt In 2Q2016 - Wall Street PR<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/cablemanpro.com\/wallstreetpr\/blucora-inc-nasdaqbcor-repays-20-million-debt-in-2q2016-37406\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Blucora Inc (NASDAQ:BCOR) Repays $20 Million Debt In 2Q2016 - Wall Street PR\" \/>\n<meta property=\"og:description\" content=\"Blucora Inc (NASDAQ:BCOR) a provider of technology-supported financial solutions to small businesses, tax professionals and consumer, released financial report for the second quarter closed June […]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/cablemanpro.com\/wallstreetpr\/blucora-inc-nasdaqbcor-repays-20-million-debt-in-2q2016-37406\" \/>\n<meta property=\"og:site_name\" content=\"Wall Street PR\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/WallStreetPR\/\" \/>\n<meta property=\"article:published_time\" content=\"2016-07-29T12:51:40+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/cablemanpro.com\/wallstreetpr\/wp-content\/uploads\/2016\/07\/Blucora-Inc.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"1024\" \/>\n\t<meta property=\"og:image:height\" content=\"576\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Greg Folin\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Greg Folin\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"1 minute\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/cablemanpro.com\/wallstreetpr\/blucora-inc-nasdaqbcor-repays-20-million-debt-in-2q2016-37406#article\",\"isPartOf\":{\"@id\":\"https:\/\/cablemanpro.com\/wallstreetpr\/blucora-inc-nasdaqbcor-repays-20-million-debt-in-2q2016-37406\"},\"author\":{\"name\":\"Greg Folin\",\"@id\":\"https:\/\/cablemanpro.com\/wallstreetpr\/#\/schema\/person\/09a8586a8976289812879bbc81ac988e\"},\"headline\":\"Blucora Inc (NASDAQ:BCOR) Repays $20 Million Debt In 2Q2016\",\"datePublished\":\"2016-07-29T12:51:40+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/cablemanpro.com\/wallstreetpr\/blucora-inc-nasdaqbcor-repays-20-million-debt-in-2q2016-37406\"},\"wordCount\":304,\"commentCount\":0,\"publisher\":{\"@id\":\"https:\/\/cablemanpro.com\/wallstreetpr\/#organization\"},\"image\":{\"@id\":\"https:\/\/cablemanpro.com\/wallstreetpr\/blucora-inc-nasdaqbcor-repays-20-million-debt-in-2q2016-37406#primaryimage\"},\"thumbnailUrl\":\"https:\/\/cablemanpro.com\/wallstreetpr\/wp-content\/uploads\/2016\/07\/Blucora-Inc.jpg\",\"keywords\":[\"Blucora Inc\",\"Blucora Inc (NASDAQ:BCOR)\",\"NASDAQ:BCOR\"],\"articleSection\":[\"Technology\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\/\/cablemanpro.com\/wallstreetpr\/blucora-inc-nasdaqbcor-repays-20-million-debt-in-2q2016-37406#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/cablemanpro.com\/wallstreetpr\/blucora-inc-nasdaqbcor-repays-20-million-debt-in-2q2016-37406\",\"url\":\"https:\/\/cablemanpro.com\/wallstreetpr\/blucora-inc-nasdaqbcor-repays-20-million-debt-in-2q2016-37406\",\"name\":\"Blucora Inc (NASDAQ:BCOR) Repays $20 Million Debt In 2Q2016 - Wall Street PR\",\"isPartOf\":{\"@id\":\"https:\/\/cablemanpro.com\/wallstreetpr\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/cablemanpro.com\/wallstreetpr\/blucora-inc-nasdaqbcor-repays-20-million-debt-in-2q2016-37406#primaryimage\"},\"image\":{\"@id\":\"https:\/\/cablemanpro.com\/wallstreetpr\/blucora-inc-nasdaqbcor-repays-20-million-debt-in-2q2016-37406#primaryimage\"},\"thumbnailUrl\":\"https:\/\/cablemanpro.com\/wallstreetpr\/wp-content\/uploads\/2016\/07\/Blucora-Inc.jpg\",\"datePublished\":\"2016-07-29T12:51:40+00:00\",\"breadcrumb\":{\"@id\":\"https:\/\/cablemanpro.com\/wallstreetpr\/blucora-inc-nasdaqbcor-repays-20-million-debt-in-2q2016-37406#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/cablemanpro.com\/wallstreetpr\/blucora-inc-nasdaqbcor-repays-20-million-debt-in-2q2016-37406\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/cablemanpro.com\/wallstreetpr\/blucora-inc-nasdaqbcor-repays-20-million-debt-in-2q2016-37406#primaryimage\",\"url\":\"https:\/\/cablemanpro.com\/wallstreetpr\/wp-content\/uploads\/2016\/07\/Blucora-Inc.jpg\",\"contentUrl\":\"https:\/\/cablemanpro.com\/wallstreetpr\/wp-content\/uploads\/2016\/07\/Blucora-Inc.jpg\",\"width\":1024,\"height\":576},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/cablemanpro.com\/wallstreetpr\/blucora-inc-nasdaqbcor-repays-20-million-debt-in-2q2016-37406#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/cablemanpro.com\/wallstreetpr\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Blucora Inc (NASDAQ:BCOR) Repays $20 Million Debt In 2Q2016\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/cablemanpro.com\/wallstreetpr\/#website\",\"url\":\"https:\/\/cablemanpro.com\/wallstreetpr\/\",\"name\":\"Wall Street PR\",\"description\":\"Latest News From WallStreet\",\"publisher\":{\"@id\":\"https:\/\/cablemanpro.com\/wallstreetpr\/#organization\"},\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/cablemanpro.com\/wallstreetpr\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"},{\"@type\":\"Organization\",\"@id\":\"https:\/\/cablemanpro.com\/wallstreetpr\/#organization\",\"name\":\"Wall Street PR\",\"url\":\"https:\/\/cablemanpro.com\/wallstreetpr\/\",\"logo\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/cablemanpro.com\/wallstreetpr\/#\/schema\/logo\/image\/\",\"url\":\"https:\/\/cablemanpro.com\/wallstreetpr\/wp-content\/uploads\/2019\/10\/brand-logo.png\",\"contentUrl\":\"https:\/\/cablemanpro.com\/wallstreetpr\/wp-content\/uploads\/2019\/10\/brand-logo.png\",\"width\":537,\"height\":70,\"caption\":\"Wall Street PR\"},\"image\":{\"@id\":\"https:\/\/cablemanpro.com\/wallstreetpr\/#\/schema\/logo\/image\/\"},\"sameAs\":[\"https:\/\/www.facebook.com\/WallStreetPR\/\",\"https:\/\/x.com\/WallstreetPRs\"]},{\"@type\":\"Person\",\"@id\":\"https:\/\/cablemanpro.com\/wallstreetpr\/#\/schema\/person\/09a8586a8976289812879bbc81ac988e\",\"name\":\"Greg Folin\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/cablemanpro.com\/wallstreetpr\/#\/schema\/person\/image\/\",\"url\":\"https:\/\/cablemanpro.com\/wallstreetpr\/wp-content\/uploads\/2020\/05\/4w1JQvu5_400x400-300x300.jpg\",\"contentUrl\":\"https:\/\/cablemanpro.com\/wallstreetpr\/wp-content\/uploads\/2020\/05\/4w1JQvu5_400x400-300x300.jpg\",\"caption\":\"Greg Folin\"},\"url\":\"https:\/\/cablemanpro.com\/wallstreetpr\/author\/greg-folin\"}]}<\/script>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"Blucora Inc (NASDAQ:BCOR) Repays $20 Million Debt In 2Q2016 - Wall Street PR","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/cablemanpro.com\/wallstreetpr\/blucora-inc-nasdaqbcor-repays-20-million-debt-in-2q2016-37406","og_locale":"en_US","og_type":"article","og_title":"Blucora Inc (NASDAQ:BCOR) Repays $20 Million Debt In 2Q2016 - Wall Street PR","og_description":"Blucora Inc (NASDAQ:BCOR) a provider of technology-supported financial solutions to small businesses, tax professionals and consumer, released financial report for the second quarter closed June […]","og_url":"https:\/\/cablemanpro.com\/wallstreetpr\/blucora-inc-nasdaqbcor-repays-20-million-debt-in-2q2016-37406","og_site_name":"Wall Street PR","article_publisher":"https:\/\/www.facebook.com\/WallStreetPR\/","article_published_time":"2016-07-29T12:51:40+00:00","og_image":[{"width":1024,"height":576,"url":"https:\/\/cablemanpro.com\/wallstreetpr\/wp-content\/uploads\/2016\/07\/Blucora-Inc.jpg","type":"image\/jpeg"}],"author":"Greg Folin","twitter_misc":{"Written by":"Greg Folin","Est. reading time":"1 minute"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/cablemanpro.com\/wallstreetpr\/blucora-inc-nasdaqbcor-repays-20-million-debt-in-2q2016-37406#article","isPartOf":{"@id":"https:\/\/cablemanpro.com\/wallstreetpr\/blucora-inc-nasdaqbcor-repays-20-million-debt-in-2q2016-37406"},"author":{"name":"Greg Folin","@id":"https:\/\/cablemanpro.com\/wallstreetpr\/#\/schema\/person\/09a8586a8976289812879bbc81ac988e"},"headline":"Blucora Inc (NASDAQ:BCOR) Repays $20 Million Debt In 2Q2016","datePublished":"2016-07-29T12:51:40+00:00","mainEntityOfPage":{"@id":"https:\/\/cablemanpro.com\/wallstreetpr\/blucora-inc-nasdaqbcor-repays-20-million-debt-in-2q2016-37406"},"wordCount":304,"commentCount":0,"publisher":{"@id":"https:\/\/cablemanpro.com\/wallstreetpr\/#organization"},"image":{"@id":"https:\/\/cablemanpro.com\/wallstreetpr\/blucora-inc-nasdaqbcor-repays-20-million-debt-in-2q2016-37406#primaryimage"},"thumbnailUrl":"https:\/\/cablemanpro.com\/wallstreetpr\/wp-content\/uploads\/2016\/07\/Blucora-Inc.jpg","keywords":["Blucora Inc","Blucora Inc (NASDAQ:BCOR)","NASDAQ:BCOR"],"articleSection":["Technology"],"inLanguage":"en-US","potentialAction":[{"@type":"CommentAction","name":"Comment","target":["https:\/\/cablemanpro.com\/wallstreetpr\/blucora-inc-nasdaqbcor-repays-20-million-debt-in-2q2016-37406#respond"]}]},{"@type":"WebPage","@id":"https:\/\/cablemanpro.com\/wallstreetpr\/blucora-inc-nasdaqbcor-repays-20-million-debt-in-2q2016-37406","url":"https:\/\/cablemanpro.com\/wallstreetpr\/blucora-inc-nasdaqbcor-repays-20-million-debt-in-2q2016-37406","name":"Blucora Inc (NASDAQ:BCOR) Repays $20 Million Debt In 2Q2016 - Wall Street PR","isPartOf":{"@id":"https:\/\/cablemanpro.com\/wallstreetpr\/#website"},"primaryImageOfPage":{"@id":"https:\/\/cablemanpro.com\/wallstreetpr\/blucora-inc-nasdaqbcor-repays-20-million-debt-in-2q2016-37406#primaryimage"},"image":{"@id":"https:\/\/cablemanpro.com\/wallstreetpr\/blucora-inc-nasdaqbcor-repays-20-million-debt-in-2q2016-37406#primaryimage"},"thumbnailUrl":"https:\/\/cablemanpro.com\/wallstreetpr\/wp-content\/uploads\/2016\/07\/Blucora-Inc.jpg","datePublished":"2016-07-29T12:51:40+00:00","breadcrumb":{"@id":"https:\/\/cablemanpro.com\/wallstreetpr\/blucora-inc-nasdaqbcor-repays-20-million-debt-in-2q2016-37406#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/cablemanpro.com\/wallstreetpr\/blucora-inc-nasdaqbcor-repays-20-million-debt-in-2q2016-37406"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/cablemanpro.com\/wallstreetpr\/blucora-inc-nasdaqbcor-repays-20-million-debt-in-2q2016-37406#primaryimage","url":"https:\/\/cablemanpro.com\/wallstreetpr\/wp-content\/uploads\/2016\/07\/Blucora-Inc.jpg","contentUrl":"https:\/\/cablemanpro.com\/wallstreetpr\/wp-content\/uploads\/2016\/07\/Blucora-Inc.jpg","width":1024,"height":576},{"@type":"BreadcrumbList","@id":"https:\/\/cablemanpro.com\/wallstreetpr\/blucora-inc-nasdaqbcor-repays-20-million-debt-in-2q2016-37406#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/cablemanpro.com\/wallstreetpr\/"},{"@type":"ListItem","position":2,"name":"Blucora Inc (NASDAQ:BCOR) Repays $20 Million Debt In 2Q2016"}]},{"@type":"WebSite","@id":"https:\/\/cablemanpro.com\/wallstreetpr\/#website","url":"https:\/\/cablemanpro.com\/wallstreetpr\/","name":"Wall Street PR","description":"Latest News From WallStreet","publisher":{"@id":"https:\/\/cablemanpro.com\/wallstreetpr\/#organization"},"potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/cablemanpro.com\/wallstreetpr\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"},{"@type":"Organization","@id":"https:\/\/cablemanpro.com\/wallstreetpr\/#organization","name":"Wall Street PR","url":"https:\/\/cablemanpro.com\/wallstreetpr\/","logo":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/cablemanpro.com\/wallstreetpr\/#\/schema\/logo\/image\/","url":"https:\/\/cablemanpro.com\/wallstreetpr\/wp-content\/uploads\/2019\/10\/brand-logo.png","contentUrl":"https:\/\/cablemanpro.com\/wallstreetpr\/wp-content\/uploads\/2019\/10\/brand-logo.png","width":537,"height":70,"caption":"Wall Street PR"},"image":{"@id":"https:\/\/cablemanpro.com\/wallstreetpr\/#\/schema\/logo\/image\/"},"sameAs":["https:\/\/www.facebook.com\/WallStreetPR\/","https:\/\/x.com\/WallstreetPRs"]},{"@type":"Person","@id":"https:\/\/cablemanpro.com\/wallstreetpr\/#\/schema\/person\/09a8586a8976289812879bbc81ac988e","name":"Greg Folin","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/cablemanpro.com\/wallstreetpr\/#\/schema\/person\/image\/","url":"https:\/\/cablemanpro.com\/wallstreetpr\/wp-content\/uploads\/2020\/05\/4w1JQvu5_400x400-300x300.jpg","contentUrl":"https:\/\/cablemanpro.com\/wallstreetpr\/wp-content\/uploads\/2020\/05\/4w1JQvu5_400x400-300x300.jpg","caption":"Greg Folin"},"url":"https:\/\/cablemanpro.com\/wallstreetpr\/author\/greg-folin"}]}},"_links":{"self":[{"href":"https:\/\/cablemanpro.com\/wallstreetpr\/wp-json\/wp\/v2\/posts\/37406","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/cablemanpro.com\/wallstreetpr\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/cablemanpro.com\/wallstreetpr\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/cablemanpro.com\/wallstreetpr\/wp-json\/wp\/v2\/users\/32"}],"replies":[{"embeddable":true,"href":"https:\/\/cablemanpro.com\/wallstreetpr\/wp-json\/wp\/v2\/comments?post=37406"}],"version-history":[{"count":0,"href":"https:\/\/cablemanpro.com\/wallstreetpr\/wp-json\/wp\/v2\/posts\/37406\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/cablemanpro.com\/wallstreetpr\/wp-json\/wp\/v2\/media\/37407"}],"wp:attachment":[{"href":"https:\/\/cablemanpro.com\/wallstreetpr\/wp-json\/wp\/v2\/media?parent=37406"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/cablemanpro.com\/wallstreetpr\/wp-json\/wp\/v2\/categories?post=37406"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/cablemanpro.com\/wallstreetpr\/wp-json\/wp\/v2\/tags?post=37406"},{"taxonomy":"stock_ticker","embeddable":true,"href":"https:\/\/cablemanpro.com\/wallstreetpr\/wp-json\/wp\/v2\/stock_ticker?post=37406"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}