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Dec 31, 2023
MeridianLink Q4 2023 Earnings Report
MeridianLink's Q4 2023 financial results were released, showing revenue growth and strategic execution.
Key Takeaways
MeridianLink reported a 6% year-over-year increase in Q4 revenue, driven by strong performance in lending software solutions. The company demonstrated cost discipline amidst challenging macroeconomic conditions. MeridianLink signed nine existing MeridianLink® Consumer customers on the MeridianLink® Mortgage solution and won multiple high-value platform deals, demonstrating the continued demand for MeridianLink One.
Revenue increased by 6% year-over-year, reaching $74.6 million.
Lending software solutions revenue grew by 8% year-over-year, totaling $59.5 million.
Operating income was $6.8 million, representing 9% of revenue.
Net loss was $(29.6) million including a one-time non-cash tax expense of $29.4 million.
MeridianLink
MeridianLink
MeridianLink Revenue by Segment
Revenue by Segment
Lending Software Solutions Revenue
CapyFin.comData Verification Software Solutions Revenue
CapyFin.com Forward Guidance
MeridianLink issued financial guidance for the first quarter and full year 2024.
Positive Outlook
- Revenue is expected to be in the range of $75.0 million to $78.0 million for Q1 2024.
- Adjusted EBITDA is expected to be in the range of $28.0 million to $31.0 million for Q1 2024.
- Revenue is expected to be in the range of $313.0 million to $323.0 million for the full year 2024.
- Adjusted EBITDA is expected to be in the range of $123.0 million to $130.0 million for the full year 2024.
Revenue & Expenses
Visualization of income flow from segment revenue to net income