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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.
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
Historical Earnings Impact
Analyze how earnings announcements historically affect stock price performance
Avg. Return Before/After Earnings
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