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MeridianLink
🇺🇸 NYSE:MLNK
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•
Jun 30, 2023

MeridianLink Q2 2023 Earnings Report

MeridianLink's Q2 2023 revenue increased by 3% year-over-year, driven by strong demand for software solutions and solid bookings momentum.

Key Takeaways

MeridianLink reported a 3% increase in revenue to $75.4 million for Q2 2023. The company experienced strong demand for its software solutions, with solid bookings momentum and successful services delivery.

Revenue increased by 3% year-over-year to $75.4 million.

Lending software solutions revenue increased by 8% year-over-year to $55.8 million.

Operating income was $1.5 million, or 2% of revenue.

Net loss was $(5.2) million, or (7)% of revenue.

Total Revenue
$75.4M
Previous year: $73M
+3.3%
EPS
$0.03
Previous year: $0.09
-66.7%
Adjusted EBITDA Margin
36%
Gross Profit
$46.9M
Previous year: $45.8M
+2.5%
Cash and Equivalents
$109M
Previous year: $100M
+8.6%
Free Cash Flow
$5.93M
Previous year: $12.7M
-53.5%
Total Assets
$1.07B
Previous year: $1.06B
+0.7%

MeridianLink

MeridianLink

MeridianLink Revenue by Segment

Forward Guidance

The Company issues third quarter financial guidance and updates full year 2023 financial guidance as follows:

Positive Outlook

  • Third Quarter Revenue is expected to be in the range of $76.0 million to $78.0 million
  • Third Quarter Adjusted EBITDA is expected to be in the range of $27.0 million to $29.0 million
  • Full Year 2023 Revenue is expected to be in the range of $302.0 million to $306.0 million
  • Full Year 2023 Adjusted EBITDA is expected to be in the range of $104.0 million to $108.0 million

Revenue & Expenses

Visualization of income flow from segment revenue to net income

Company Overview

Full financial data and analysis

View MeridianLink