MeridianLink Q1 2023 Earnings Report
Key Takeaways
MeridianLink's Q1 2023 revenue grew by 6% year-over-year to $77.1 million, with lending software solutions revenue increasing by 18% year-over-year, now accounting for 75% of total revenue. The company reported an operating income of $1.7 million and a net loss of $5.7 million.
Revenue increased by 6% year-over-year reaching $77.1 million.
Lending software solutions revenue grew by 18% year-over-year to $58.0 million, accounting for 75% of total revenue.
Operating income was reported at $1.7 million, representing 2% of revenue.
Net loss amounted to $(5.7) million, which is (7)% of revenue.
MeridianLink
MeridianLink
MeridianLink Revenue by Segment
Forward Guidance
The Company issues second quarter financial guidance and updates full year 2023 financial guidance as follows:
Positive Outlook
- Revenue is expected to be in the range of $76.0 million to $79.0 million for Q2 2023.
- Adjusted EBITDA is expected to be in the range of $27.0 million to $30.0 million for Q2 2023.
- Revenue is expected to be in the range of $307.0 million to $313.0 million for the full year 2023.
- Adjusted EBITDA is expected to be in the range of $109.0 million to $115.0 million for the full year 2023.
Revenue & Expenses
Visualization of income flow from segment revenue to net income