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