Jun 30, 2022

MeridianLink Q2 2022 Earnings Report

MeridianLink's financial performance declined slightly due to a decrease in gross profit and net income.

Key Takeaways

MeridianLink's Q2 2022 performance showed an increase in revenue but a decrease in gross profit, net income, and adjusted EBITDA compared to Q2 2021. The company's revenue grew by $4.513 million, while net income decreased by $5.260 million.

Total revenue reached $72.987 million.

Gross profit was $45.761 million.

Net income amounted to $2.172 million.

Adjusted EBITDA was $28.184 million.

Total Revenue
$73M
Previous year: $68.5M
+6.6%
EPS
$0.09
Previous year: $0.16
-43.8%
Gross Profit
$45.8M
Previous year: $47.4M
-3.4%
Cash and Equivalents
$100M
Previous year: $29.2M
+242.9%
Free Cash Flow
$12.7M
Previous year: $19.5M
-34.6%
Total Assets
$1.06B
Previous year: $970M
+9.1%

MeridianLink

MeridianLink

Forward Guidance

MeridianLink provided revenue and Adjusted EBITDA guidance for the three months ending September 30, 2022, and the year ending December 31, 2022.