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Mar 31, 2022
MeridianLink Q1 2022 Earnings Report
MeridianLink's Q1 2022 results were reported, with revenue up 7% year-over-year.
Key Takeaways
MeridianLink reported a strong start to 2022, exceeding guidance in Q1 with revenue of $72.8 million, a 7% increase year-over-year. The company's lending software solutions revenue grew by 14% year-over-year, and they achieved a 47% adjusted EBITDA margin.
Revenue increased by 7% year-over-year to $72.8 million.
Operating income was $14.6 million, representing 20% of revenue.
Adjusted EBITDA reached $34.0 million, or 47% of revenue.
The company completed the acquisition of StreetShares to enhance digital small business lending services.
MeridianLink
MeridianLink
MeridianLink Revenue by Segment
Revenue by Segment
Lending Software Solutions Revenue
CapyFin.comData Verification Software Solutions Revenue
CapyFin.com Forward Guidance
The Company issues second quarter financial guidance and updates full year 2022 financial guidance.
Positive Outlook
- Second Quarter Revenue is expected to be in the range of $71.5 million to $73.5 million
- Second Quarter Adjusted EBITDA is expected to be in the range of $25.0 million to $27.0 million
- Full Year 2022 Revenue is expected to be in the range of $289.0 million to $293.0 million
- Full Year 2022 Adjusted EBITDA is expected to be in the range of $112.0 million to $116.0 million
Revenue & Expenses
Visualization of income flow from segment revenue to net income