https://assets.capyfin.com/instruments/678fdc13234e27009c5d61e8.png avatar
MeridianLink
🇺🇸 NYSE:MLNK
View Company
OverviewEarningsDividends
•
Jun 30, 2024

MeridianLink Q2 2024 Earnings Report

MeridianLink's second quarter performance reflected resilience and continued demand for MeridianLink One.

Key Takeaways

MeridianLink reported a 4% year-over-year increase in revenue to $78.7 million, driven by an 11% increase in lending software solutions revenue. The company's operating loss was $(1.1) million, while non-GAAP operating income was $15.5 million. MeridianLink returned $29.9 million to stockholders via stock repurchases.

Revenue increased by 4% year-over-year, reaching $78.7 million.

Lending software solutions revenue grew by 11% year-over-year, totaling $61.6 million.

The company had an operating loss of $(1.1) million, but a non-GAAP operating income of $15.5 million.

MeridianLink repurchased 1.6 million shares, returning $29.9 million to stockholders.

Total Revenue
$78.7M
Previous year: $75.4M
+4.3%
EPS
$0.04
Previous year: $0.03
+33.3%
Adjusted EBITDA Margin
40%
Previous year: 36%
+11.1%
Gross Profit
$41.1M
Previous year: $46.9M
-12.4%
Cash and Equivalents
$93M
Previous year: $109M
-14.6%
Free Cash Flow
$12.4M
Previous year: $5.93M
+109.8%
Total Assets
$987M
Previous year: $1.07B
-7.4%

MeridianLink

MeridianLink

MeridianLink Revenue by Segment

Forward Guidance

The Company issues third quarter financial guidance and updates full year 2024 financial guidance.

Positive Outlook

  • Third quarter revenue is expected to be in the range of $78.0 to $81.0 million.
  • Third quarter adjusted EBITDA is expected to be in the range of $30.0 to $33.0 million.
  • Full year revenue is expected to be in the range of $312.0 to $318.0 million.
  • Full year adjusted EBITDA is expected to be in the range of $123.0 to $128.0 million.

Revenue & Expenses

Visualization of income flow from segment revenue to net income

Company Overview

Full financial data and analysis

View MeridianLink