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Mar 31, 2023
MeridianLink Q1 2023 Earnings Report
MeridianLink reported first quarter results with revenue increase.
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
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 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