Bellevue-based Blucora — operator of the TaxAct online tax preparation business and InfoSpace search business — saw its revenues rise by 34 percent during the third quarter to $124.1 million. Its net loss came in at $6.5 million, up from $2.4 million for the same period last year.
“Our businesses performed well in the third quarter,” said Bill Ruckelshaus, President and Chief Executive Officer of Blucora. “InfoSpace is executing through changes in the search marketplace and TaxACT is readying for the coming tax season. We were also thrilled to add Monoprice to our company in the third quarter. I am pleased with the focus of our teams and optimistic about the many opportunities in front of us at Blucora.”
Shares of the company surged in after hours trading, up more than nine percent. The shares are up 54 percent on the year. Here’s a look at the company’s financial results.