Loading...
•
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.
Revenue by Segment
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
Historical Earnings Impact
Analyze how earnings announcements historically affect stock price performance
Avg. Return Before/After Earnings
Loading earnings performance data...
Loading earnings reaction data...