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Sep 30, 2021
MeridianLink Q3 2021 Earnings Report
MeridianLink's Q3 2021 results were reported, featuring year-over-year revenue growth and high adjusted EBITDA margins.
Key Takeaways
MeridianLink reported strong Q3 2021 results with a 29% year-over-year revenue increase. The company's performance was driven by the adoption of its solutions by financial institutions and consumer reporting agencies.
Revenue increased by 29% year-over-year, reaching $67.4 million.
The company reported an operating loss of $(8.8) million, which is (13)% of revenue.
Adjusted EBITDA reached $31.0 million, representing 46% of revenue.
MeridianLink expanded its client base by adding over 60 new and existing clients to MeridianLink Portal.
Revenue by Segment
Forward Guidance
MeridianLink issued its fourth quarter financial guidance and raised the full year 2021 financial guidance.
Positive Outlook
- Revenue is expected to be in the range of $59.5 million to $60.5 million for Q4 2021.
- Adjusted EBITDA is expected to be in the range of $21.0 million to $22.0 million for Q4 2021.
- Full year 2021 revenue is expected to be in the range of $263.2 million to $264.2 million.
- Full year 2021 adjusted EBITDA is expected to be in the range of $119.7 million to $120.7 million.
- The company anticipates continued growth and profitability.
Challenges Ahead
- The company's projections are based on current information and are subject to change.
- Actual results may differ materially from these forward-looking statements.
- The company's performance is subject to various risks and factors beyond its control.
Revenue & Expenses
Visualization of income flow from segment revenue to net income
Historical Earnings Impact
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Avg. Return Before/After Earnings
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