Blucora Announces Strong Third Quarter Results

  Blucora Announces Strong Third Quarter Results

Business Wire

BELLEVUE, Wash. -- November 01, 2012

Blucora, Inc. (NASDAQ: BCOR) today announced financial results for the third
quarter ended September 30, 2012.

“I am pleased to report Blucora had another quarter of strong performance,
driven by great results from our online search business,” said Bill
Ruckelshaus, President and Chief Executive Officer of Blucora.“I am also
pleased with the progress our tax preparation business has made during the
offseason to improve the core product and position for long-term growth.”

“Overall, the strategies in place at Blucora are proving out and our teams are
executing well. We are pleased with our progress and optimistic about our
future plans,” Ruckelshaus added.

Summary Financial Performance: 3Q 2012
($ in millions except per share amounts)
                                      Q3 2012   Q3 2011  Growth
Revenue                                $   92.9   $  56.3   65   %
Search                                 $   91.4   $  56.3   62   %
Tax Preparation                        $   1.5       N/A    N/A
                                                            
Adjusted EBITDA                        $   12.1   $  8.5    42   %
Non-GAAP Net Income                    $   10.4   $  6.8    52   %
Non-GAAP Diluted EPS                   $   0.25   $  0.17   47   %
                                                            
Net Income (Loss)                      $ (2.4)*   $  2.1    N/A
GAAP Diluted Income (Loss) Per Share   $(0.06)*   $  0.05   N/A
                                                            
*Includes a $4.3 million non-cash loss on derivative instrument.
See reconciliation of non-GAAP to GAAP measures below.


Segment Information

Search

Search revenue for the third quarter of 2012 was $91.4 million, up 62 percent
from the third quarter of 2011. Search revenue reflects strong growth from
search distribution, which increased 78 percent over the prior year. Search
segment income was $16.4 million, up 51 percent over the third quarter of
2011.

Tax Preparation

Tax Preparation revenue for the third quarter of 2012 was $1.5 million, and
segment loss was $1.6 million. Tax preparation typically posts a seasonal loss
in the third quarter when there is little revenue from its tax business.

Corporate Operating Expenses

Unallocated corporate operating expenses for the third quarter of 2012 were
$2.7 million.

Fourth Quarter Outlook

For the fourth quarter of 2012, the Company expects revenues to be between
$92.0million and $95.0 million, Adjusted EBITDA to be between $10.0 million
and $11.0million, Non-GAAP Net Income to be between $7.7 million and $8.9
million, or $0.18 to 0.21 per diluted share, and Net Income to be between
breakeven and $1.0million, or $0.00 to $0.02per diluted share. The Company's
forward-looking guidance does not reflect potential gains or losses from
derivative instruments.

Conference Call and Webcast

A conference call will be held today at 2p.m. Pacific time / 5p.m. Eastern
time during which the Company will further discuss third quarter results and
its outlook including tax preparation segment guidance for the first half of
2013. The live webcast and supplemental materials are included in a current
report on form 8-K and can be accessed in the Investor Relations section of
the Blucora corporate website at http://www.blucora.com. A replay of the call
will also be available on our website.

About Blucora™

Blucora operates two leading Internet businesses. OurInfoSpacebusiness
provides online search and monetization solutions to a network of more than
100 partners globally. Through TaxACT, we provide online tax preparation
solutions to consumers and professional preparers. The Blucora team brings
decades of experience operating and investing in desktop, online, and mobile
businesses. We are passionate about the power of the Internet to improve the
lives of consumers, and our businesses operate at the forefront of digital
migration trends in their respective markets. More information about Blucora
may be found atwww.blucora.com. Follow and subscribe to us on Twitter,
LinkedIn andYouTube.

This announcement contains forward-looking statements within the meaning of
Section 27A of the Securities Act of 1933 and Section 21E of the Securities
Exchange Act of 1934. Actual results may differ significantly from
management’s expectations due to various risks and uncertainties including,
but not limited to: general economic, industry, and market sector conditions;
the timing and extent of market acceptance of developed products and services
and related costs; our dependence on companies to distribute our products and
services; the ability to successfully integrate acquired businesses; future
acquisitions; the successful execution of the Company’s strategic initiatives,
operating plans, and marketing strategies; and the condition of our cash
investments. A more detailed description of these and certain other factors
that could affect actual results is included in Blucora, Inc.’s most recent
Annual Report on Form 10-K and subsequent reports filed with or furnished to
the Securities and Exchange Commission. Readers are cautioned not to place
undue reliance on these forward-looking statements, which speak only as of the
date of this release. Blucora, Inc. undertakes no obligation to update any
forward-looking statements to reflect new information, events, or
circumstances after the date of this release or to reflect the occurrence of
unanticipated events.

Blucora, Inc.
Preliminary Condensed Consolidated Statements of Comprehensive Income (Loss)
^(1)
(Unaudited)
(Amounts in thousands, except per share data)
                                                              
                   Three months ended                Nine months ended
                   September 30,    September 30,    September     September
                                                     30,           30,
                     2012           2011          2012        2011    
Revenues           $  92,870        $  56,257        $ 309,449     $ 162,199
                                                                   
Cost of sales
(includes
amortization of
acquired
intangible            69,973           38,755          193,747       108,008
assets of
$2,014, $518,
$5,606, and
$2,248) ^(2)
                                                                
Gross profit          22,897           17,502          115,702       54,191
                                                                   
Expenses and
other loss:
Engineering and       2,410            1,806           7,431         5,254
technology ^(2)
Sales and             7,741            4,888           36,053        16,757
marketing ^(2)
General and
administrative        5,283            6,513           21,705        16,643
^(2)
Depreciation          560              475             1,627         1,689
Amortization of
intangible            3,169            -               8,450         -
assets
Other loss, net      5,196          456           7,681       274     
^(3)
                                                                   
Total expenses       24,359         14,138        82,947      40,617  
and other loss
                                                                   
Income (loss)
from continuing
operations            (1,462  )        3,364           32,755        13,574
before income
taxes
                                                                   
Income tax           (936    )       (1,289  )      (14,049 )    (4,927  )
expense
                                                                   
Income (loss)
from continuing      (2,398  )       2,075         18,706      8,647   
operations
                                                                   
Discontinued
operations:
^(1)
Loss from
discontinued          -                -               -             (2,253  )
operations, net
of taxes ^(2)
Loss on sale of
discontinued         -              -             -           (7,674  )
operations, net
of taxes
Net income         $  (2,398  )     $  2,075        $ 18,706     $ (1,280  )
(loss)
                                                                   
Earnings per
share - Basic
Income (loss)
from continuing    $  (0.06   )     $  0.05          $ 0.47        $ 0.23
operations
Loss from
discontinued          -                -               -             (0.06   )
operations
Loss on sale of
discontinued         -              -             -           (0.20   )
operations
Net income
(loss) per         $  (0.06   )     $  0.05         $ 0.47       $ (0.03   )
share - Basic
                                                                   
Earnings per
share - Diluted
Income (loss)
from continuing    $  (0.06   )     $  0.05          $ 0.45        $ 0.23
operations
Loss from
discontinued          -                -               -             (0.06   )
operations
Loss on sale of
discontinued         -              -             -           (0.20   )
operations
Net income
(loss) per         $  (0.06   )     $  0.05         $ 0.45       $ (0.03   )
share - Diluted
                                                                   
Weighted
average shares
outstanding
used in              40,511         38,568        40,108      37,451  

computing basic
income (loss)
per share
Weighted
average shares
outstanding
used in
                     40,511         39,158        41,425      38,131  
computing
diluted income
(loss) per
share
                                                                   
(1) In the nine months ended September 30, 2011, the Company completed the
sale of its Mercantila e-commerce business.The operating results of that
business have been presented as discontinued operations for all periods
presented.Income taxes related to discontinued operations were a benefit of
$1.3 million for the nine months ended September 30, 2011.Income taxes
related to discontinued operations were $0.6 million and $0.7 million for the
three and nine months ended September 30, 2010, respectively.A loss, net of
an income tax benefit of $5.1 million, on the sale of the Mercantila business
was recorded for the nine months ended September 30, 2011.Revenue, operating
expenses and income taxes, loss from discontinued operations and the loss on
sale of these discontinued operations are presented below (in thousands):
                                                                   
                   Three months ended                Nine months ended
                   September 30,    September 30,    September     September
                                                     30,           30,
E-Commerce           2012           2011          2012        2011    
Revenue            $  -             $  -                           $ 16,894
Operating
expenses and         -              -                          19,147  
income taxes
Loss from
discontinued       $  -            $  -            $ -          $ (2,253  )
operations, net
of taxes
Loss on sale of
discontinued       $  -            $  -            $ -          $ (7,674  )
operations, net
of taxes
                                                                   
(2) In the nine months ended September 30, 2012, $5.2 million in stock-based
compensation expense was recorded in association with the modification of the
terms of a warrant and the vesting of a non-employee performance-based equity
award, which were both triggered by the acquisition of the TaxACT business,
and the related expense was allocated to general and administrative
expense.Stock-based compensation expense for the three and nine months ended
September 30, 2012 and 2011 is allocated among the following captions (in
thousands):
                                                                   
                   Three months ended                Nine months ended
                   September 30,    September 30,    September     September
                                                     30,           30,
Stock-Based          2012           2011          2012        2011    
Compensation
Cost of sales      $  183           $  37            $ 331         $ 234
Engineering and       332              251             894           684
technology
Sales and             587              177             1,389         829
marketing
General and           1,093            2,584           8,309         4,673
administrative
Discontinued         -              -             -           (159    )
operations
Total
stock-based        $  2,195        $  3,049        $ 10,923     $ 6,261   
compensation
expense
                                                                   
(3) Other loss, net for the three and nine months ended September 30, 2012 and
2011 is allocated among the following captions (in thousands):
                                                                   
                   Three months ended                Nine months ended
                   September 30,    September 30,    September     September
                                                     30,           30,
                     2012           2011          2012        2011    
Other Loss, Net
Interest              794              -               2,647         -
expense
Amortization of
debt issuance
costs and             117              -               1,040         -
accretion of
debt discount
Loss on
derivative            4,335            -               4,274         -
instrument
Gain on
contingency           -                -               -             (1,500  )
resolution
Increase in
fair value of
earn-out              -                500             -             2,000
contingent
liability
Other                (50     )       (44     )      (280    )    (226    )
Total other        $  5,196        $  456          $ 7,681      $ 274     
loss, net
                                                                             

Blucora, Inc.
Preliminary Condensed Consolidated Balance Sheets
(Unaudited)
(Amounts in thousands)
                                                              
                                                 September 30,   December 31,
                                                  2012          2011      
ASSETS
                                                                 
Current assets:
Cash and cash equivalents                        $ 96,407        $ 81,897
Short-term investments, available-for-sale         54,010          211,654
Accounts receivable, net                           35,243          25,019
Other receivables, net                             1,274           542
Prepaid expenses and other current assets, net    4,514         1,958     
                                                                 
Total current assets                               191,448         321,070
                                                                 
Property and equipment, net                        6,587           5,277
Goodwill                                           230,980         44,815
Other intangible assets, net                       137,959         1,315
Deferred tax asset, net                            19,369          19,102
Other long-term assets                             4,382           3,560
                                                                 
Total assets                                     $ 590,725      $ 395,139   
                                                                 
LIABILITIES AND STOCKHOLDERS' EQUITY
                                                                 
Current liabilities:
Accounts payable                                 $ 36,954        $ 28,947
Accrued expenses and other current liabilities     12,372          10,250
Short-term portion of long-term debt, net of       2,233           -
discount of $142
Derivative instruments                            10,951        -         
                                                                 
Total current liabilities                          62,510          39,197
                                                                 
Long-term liabilities:
Long-term debt, net of discount of $517            71,604          -
Deferred tax liability                             48,149          21
Other long-term liabilities                       2,205         816       
                                                                 
Total long-term liabilities                       121,958       837       
                                                                 
Total liabilities                                  184,468         40,034
                                                                 
Stockholders' equity:
Common stock                                       4               4
Additional paid-in capital                         1,386,741       1,353,971
Accumulated deficit                                (980,196  )     (998,902  )
Accumulated other comprehensive income (loss)     (292      )    32        
                                                                 
Total stockholders' equity                        406,257       355,105   
                                                                 
Total liabilities and stockholders' equity       $ 590,725      $ 395,139   
                                                                             

Blucora, Inc.
Preliminary Condensed Consolidated Statements of Cash Flows
(Unaudited)
(Amounts in thousands)
                                               
                                                 Nine months ended
                                                 September 30,  September 30,
                                                   2012          2011     
Operating activities:
Net income (loss)                                $  18,706       $  (1,280   )
Adjustments to reconcile net income (loss) to
net cash provided by operating activities of
continuing operations:
Loss on sale of discontinued operations             -               7,674
Loss from discontinued operations                   -               2,253
Depreciation and amortization of intangible         16,950          6,190
assets
Stock-based compensation                            6,637           4,488
Warrant-related stock-based compensation            4,286           1,932
Excess tax benefits from stock-based award          (20,882  )      -
activity
Deferred income taxes                               (7,398   )      2
Unrealized amortization of premium or               (335     )      285
accretion of discount on investments, net
Amortization of debt origination costs              746             -
Accretion of debt discount                          294             -
Loss on derivative instrument                       4,274           -
Earn-out contingent liability adjustments           -               2,000
Gain on resolution of contingent liability          -               (1,500   )
Other                                               (21      )      (8       )
Changes in operating assets and liabilities:                        -
Accounts receivable                                 (907     )      (882     )
Other receivables                                   504             (1,118   )
Prepaid expenses and other current assets           705             849
Deferred tax assets and other long-term assets      (612     )      (150     )
Accounts payable                                    (2,344   )      5,981
Accrued expenses and other current and             18,357        (13,660  )
long-term liabilities
Net cash provided by operating activities of        38,960          13,056
continuing operations
                                                                 
Investing activities:
Business acquisition, net of cash acquired          (279,386 )      -
Purchases of property and equipment                 (2,776   )      (2,507   )
Change in restricted cash                           168             409
Proceeds from sales of investments                  184,934         -
Proceeds from maturities of investments             32,125          83,141
Purchases of investments                           (59,076  )     (204,777 )
Net cash used by investing activities of            (124,011 )      (123,734 )
continuing operations
                                                                 
Financing activities:
Proceeds from loan, net of debt issuance costs      96,704          -
of $2,343 and debt discount of $953
Proceeds from sale of common stock                  -               7,000
Repayment of debt                                   (25,504  )      -
Excess tax benefits from stock-based award          20,882          -
activity
Proceeds from stock option exercises and
issuance of stock through employee stock            8,413           16,664
purchase plan
Tax payments from shares withheld upon vesting      (934     )      (1,388   )
of restricted stock units
Earn-out payments for business acquisition          -               (423     )
Repayment of capital lease obligation              -             (221     )
Net cash provided by financing activities of        99,561          21,632
continuing operations
                                                                 
Discontinued operations:
Net cash used by operating activities               -               (6,156   )
attributable to discontinued operations
Net cash used by investing activities              -             (638     )
attributable to discontinued operations
Net cash used by discontinued operations            -               (6,794   )
                                                                 
                                                                 
Net increase (decrease) in cash and cash            14,510          (95,840  )
equivalents
                                                                 
Cash and cash equivalents:
Beginning of period                                81,897        155,645  
End of period                                    $  96,407      $  59,805   
                                                                             

Blucora, Inc.
Preliminary Segment Information
(Unaudited)
(Amounts in thousands)
                                                             
                                                                   
                 Three months ended                  Nine months ended
                 September 30,    September 30,      September     September
                                                     30,           30,
                   2012           2011            2012        2011    
Search:
Revenue          $  91,408        $  56,257          $ 248,511     $ 162,199
Cost of             65,203           36,329            176,545       99,031
revenue ^(1)
Operating          9,849          9,119           27,159      29,730  
expenses
Search
segment             16,356           10,809            44,807        33,438
income
Search
segment             18      %        19      %         18      %     21      %
margin
                                                                   
Tax
Preparation:
Revenue             1,462            -                 60,938        -
Cost of             292              -                 4,410         -
revenue ^(2)
Operating          2,731          -               24,000      -       
expenses
Tax
Preparation         (1,561  )        -                 32,528        -
segment
income
Tax
Preparation         -107    %        0       %         53      %     0       %
segment
margin
                                                                   
Total
segment:
Total revenue       92,870           56,257            309,449       162,199
Total cost of       65,495           36,329            180,955       99,031
revenue
Total segment
operating          12,580         9,119           51,159      29,730  
expenses
Total segment       14,795           10,809            77,335        33,438
income
Total segment       16      %        19      %         25      %     21      %
margin
                                                                   
Corporate:
Operating           2,695            2,307             9,026         6,980
expense
Stock-based         2,195            3,049             10,923        6,420
compensation
Depreciation        988              1,115             2,895         3,942
Amortization
of intangible       5,183            518               14,055        2,248
assets
Other loss,         5,196            456               7,681         274
net
Income tax          936              1,289             14,049        4,927
expense
Discontinued
operations,        -              -               -           9,927   
net of taxes
Total               17,193           8,734             58,629        34,718
corporate
                                                                
Net income       $  (2,398  )     $  2,075          $ 18,706     $ (1,280  )
(loss)
                                                                             
(1) Amounts do not include amortization of acquired technology and costs
associated with the operation of the Company’s data centers that serve its
search business, including depreciation, personnel expenses (including
stock-based compensation expense), energy, and bandwidth costs.

(2) Amounts do not include amortization of acquired technology and costs
associated with the operation of the Company’s data center that serves its tax
preparation business, including depreciation, personnel expenses, (including
stock-based compensation expense), energy, and bandwidth costs, and personnel
costs associated with customer service.


Blucora, Inc.
Reconciliations of Non-GAAP Financial Measures to the Nearest Comparable GAAP
Measure
Preliminary Adjusted EBITDA Reconciliation ^(1)
(Unaudited)
(Amounts in thousands)
                                                              
                  Three months ended                  Nine months ended
                  September 30,     September 30,    September     September
                                                      30,           30,
                    2012            2011           2012        2011   
Net income        $  (2,398  )      $  2,075          $ 18,706      $ (1,280 )
(loss) ^(2)
Loss from
discontinued         -                 -                -             9,927
operations
Depreciation
and
amortization         6,171             1,633            16,950        6,190
of intangible
assets
Stock-based          2,195             3,049            10,923        6,420
compensation
Other loss,          5,196             456              7,681         274
net ^(3)
Income tax          936             1,289          14,049      4,927  
expense
Adjusted          $  12,100        $  8,502         $ 68,309     $ 26,458 
EBITDA ^(4)
                                                                    
                                                                    
Blucora, Inc.
Reconciliations of Non-GAAP Financial Measures to the Nearest Comparable GAAP
Measure
Preliminary Non-GAAP Net Income Reconciliation ^(1)
(Unaudited)
(Amounts in thousands, except per share amounts)
                                                      
                  Three months ended                  Nine months ended
                  September 30,     September 30,    September     September
                                                      30,           30,
                    2012            2011           2012        2011   
Net income        $  (2,398  )      $  2,075          $ 18,706      $ (1,280 )
(loss) ^(2)
Loss from
discontinued        -               -              -           9,927  
operations
Income from
continuing           (2,398  )         2,075            18,706        8,647
operations
^(2)
Stock-based          2,195             3,049            10,923        6,420
compensation
Amortization
of acquired          5,183             518              14,055        2,248
intangible
assets
Loss on              4,335             -                4,274         -
derivatives
Cash tax
impact of GAAP       (15     )         (18     )        (102   )      (60    )
adjustments
Non-cash
income tax
expense from        1,121           1,221          12,899      4,613  
continuing
operations
^(1)
Non-GAAP net      $  10,421        $  6,845         $ 60,755     $ 21,868 
income ^(4)
                                                                    
Per share
amounts
Income (loss)
from
continuing           (0.06   )         0.05             0.45          0.23
operations-
diluted
Stock-based
compensation -       0.05              0.08             0.27          0.16
diluted
Amortization
of acquired
intangible           0.12              0.01             0.34          0.06
assets -
diluted
Loss on
derivatives -        0.11              -                0.10          -
diluted
Cash tax
impact of GAAP       (0.00   )         (0.00   )        (0.00  )      (0.00  )
adjustments -
diluted
Non-cash
income taxes        0.03            0.03           0.31        0.12   
per share -
diluted
Non-GAAP net
income per        $  0.25          $  0.17          $ 1.47       $ 0.57   
share -
diluted
Weighted
average shares
outstanding
used in
computing           42,048          39,158         41,425      38,131 
diluted
non-GAAP
income per
share and its
components
                                                                    
                                                                    
Preliminary Adjusted EBITDA Reconciliation for Forward-Looking Guidance
(Amounts in thousands)
                                                  
                  Ranges for the three months
                  ending
                  December 31, 2012
Net income           -                 1,000
Depreciation
and
amortization         6,300             6,100
of acquired
intangible
assets
Stock-based          2,500             2,200
compensation
Other loss,          1,200             1,000
net ^(4)
Income tax          -               700     
expense
Adjusted          $  10,000        $  11,000  
EBITDA
                                                                    
                                                                    
Preliminary Non-GAAP Net Income Reconciliation for Forward-Looking Guidance
(Amounts in thousands)
                                                  
                  Ranges for the three months
                  ending
                  December 31, 2012
Net income           -                 1,000
Stock-based          2,500             2,200
compensation
Amortization
of acquired          5,200             5,100
intangible
assets
Non-cash
income tax
expense from        -               600     
continuing
operations
Non-GAAP net      $  7,700         $  8,900   
income
                                                                    
(1) Blucora’s Adjusted EBITDA is calculated by adjusting net income (loss)
determined in accordance with generally accepted accounting principles
("GAAP") to exclude the effects of loss from discontinued operations (which
includes loss from discontinued operations, net of taxes, and loss on sale of
discontinued operations, net of taxes), income taxes, depreciation,
amortization of acquired intangible assets, stock-based compensation expense,
and other loss ,net (which includes such items as interest expense, interest
income, derivative instrument gains or losses, foreign currency gains or
losses, gains or losses from the disposal of assets, adjustments to the fair
values of contingent liabilities related to business combinations, and gains
on resolutions of contingencies), as detailed above.Blucora’s management
believes that Adjusted EBITDA provides meaningful supplemental information
regarding the Company’s performance by excluding certain expenses and gains
that management believes are not indicative of its core business operating
results.Blucora uses this non-GAAP financial measure for internal management
purposes, when publicly providing guidance on possible future results, and as
a means to evaluate period-to-period comparisons.Blucora believes that
Adjusted EBITDA is a common measure used by investors and analysts to evaluate
its performance, that it provides a more complete understanding of the results
of operations and trends affecting the Company's business when viewed together
with GAAP results, and that management and investors benefit from referring to
this non-GAAP financial measure.





Blucora's Non-GAAP net income and Non-GAAP earnings per share is calculated by
adjusting GAAP net income (loss) to exclude the effects of discontinued
operations, net of taxes (which includes loss from discontinued operations,
net of taxes, and loss on sale of discontinued operations, net of taxes), loss
from the sale of discontinued operations, net of taxes, stock-based
compensation expense, amortization ofacquired intangible assets, gain or
loss on derivatives, the cash tax impact of those adjustments to GAAP net
income, and non-cash portion of income tax expense from continuing operations,
as detailed in the accompanying table to the preliminary condensed
consolidated financial statements (unaudited).The Company excludes the
non-cash portion of income tax expense because of its ability to offset a
substantial portion of its cash tax liabilities by using these deferred tax
assets.The majority of these deferred tax assets will expire if unutilized
in 2020.





Blucora’s management believes that non-GAAP net income and non-GAAP earnings
per share provide meaningful supplemental information to management, investors
and analysts regarding the Company's performance and the valuation of its
business by excluding items in the statement of operations that management
does not consider part of the Company's ongoing operations or have not been,
or are not expected to be, settled in cash.Additionally, Blucora's
management believes that non-GAAP net income and non-GAAP earnings per share
are common measures used by investors and analysts to evaluate the Company's
performance and the valuation of its business.





Adjusted EBITDA, non-GAAP net income and non-GAAP earnings per share should be
evaluated in light of the Company's financial results prepared in accordance
with GAAP, and should be considered as a supplement to, and not as a
substitute for or superior to, GAAP net income.

(2) As presented in the Preliminary Condensed Consolidated Statements of
Operations (unaudited).

(3) Other loss, net includes such items as interest expense, interest income,
derivative instrument gains or losses, foreign currency gains or losses, gains
or losses from the disposal of assets, adjustments to the fair values of
contingent liabilities related to business combinations, and gains on
resolutions of contingencies.

(4) Other loss, net, primarily consists of interest expense, interest income,
foreign currency gains or losses, and gains or losses from the disposal of
assets, and the Company's forward-looking guidance does not reflect potential
gains or losses from derivative instruments.

Contact:

Blucora, Inc.
Stacy Ybarra, 425-709-8127
stacy.ybarra@blucora.com
 
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