MeridianLink Q4 2022 Earnings Report
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
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