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Dec 31, 2022
MeridianLink Q4 2022 Earnings Report
MeridianLink reported a revenue increase of 10% year-over-year, reaching $70.6 million, with lending software solutions contributing 78% of the total revenue. The company's strategic investments and product enhancements drove record software bookings and strengthened its market position.
Key Takeaways
MeridianLink's Q4 2022 results showed a 10% increase in revenue, reaching $70.6 million. The growth was driven by the strength of the MeridianLink® One platform and the increasing adoption of bundled offerings by financial institutions. Lending software solutions were a significant contributor, accounting for 78% of total revenue.
MeridianLink's Q4 revenue increased by 10% year-over-year to $70.6 million.
Lending software solutions revenue grew by 26% year-over-year, accounting for 78% of total revenue.
The company signed ten existing MeridianLink® Consumer customers on the MeridianLink® Mortgage solution.
MeridianLink completed its business lending offering, MeridianLink® Business, to optimize the business lending process in a digital environment.
MeridianLink
MeridianLink
MeridianLink Revenue by Segment
Revenue by Segment
Lending Software Solutions Revenue
CapyFin.comData Verification Software Solutions Revenue
CapyFin.com Forward Guidance
MeridianLink provided financial guidance for the first quarter and full year 2023.
Positive Outlook
- Revenue is expected to be in the range of $72.0 million to $75.0 million for Q1 2023.
- Adjusted EBITDA is expected to be in the range of $23.0 million to $26.0 million for Q1 2023.
- Revenue is expected to be in the range of $304.0 million to $310.0 million for the full year 2023.
- Adjusted EBITDA is expected to be in the range of $109.0 million to $115.0 million for the full year 2023.
- The company expects continued growth and profitability in the coming year.
Challenges Ahead
- The guidance is based on information available as of March 1, 2023, and is subject to change.
- Actual results may differ materially from the forward-looking statements.
- The company's performance is subject to various risks and factors beyond its control.
- The guidance does not include any potential impact from unforeseen events or market conditions.
- Investors should review the company's SEC filings for a complete discussion of risks and uncertainties.
Revenue & Expenses
Visualization of income flow from segment revenue to net income