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Mar 31, 2024
MeridianLink Q1 2024 Earnings Report
MeridianLink's financial performance remained steady, marked by a slight revenue increase and strategic investments.
Key Takeaways
MeridianLink reported a 1% year-over-year increase in revenue for Q1 2024, driven by a 5% increase in lending software solutions revenue. The company is focused on its MeridianLink® One platform and strategic capital allocation.
Revenue increased by 1% year-over-year, reaching $77.8 million.
Lending software solutions revenue grew by 5% year-over-year, totaling $60.9 million.
Operating income stood at $3.4 million, representing 4% of revenue.
The company welcomed Larry Katz as its new CFO.
MeridianLink
MeridianLink
MeridianLink Revenue by Segment
Revenue by Segment
Lending Software Solutions Revenue
CapyFin.comData Verification Software Solutions Revenue
CapyFin.com Forward Guidance
MeridianLink provided revenue and Adjusted EBITDA guidance for Q2 2024 and updated full year 2024 guidance.
Positive Outlook
- Second quarter revenue is expected to be in the range of $76.0 million to $79.0 million.
- Second quarter Adjusted EBITDA is expected to be in the range of $29.0 million to $32.0 million.
- Full year revenue is expected to be in the range of $311.0 million to $319.0 million.
- Full year Adjusted EBITDA is expected to be in the range of $123.0 million to $130.0 million.
- The company is well-positioned to capitalize on opportunities with a solid foundation.
Revenue & Expenses
Visualization of income flow from segment revenue to net income