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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.
Revenue by Segment
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.
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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