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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.
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 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