NYSE$MLNK

MeridianLink Inc · Q4 2022 earnings

Q4 2022 earnings · · Investor relations

Briefing

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.

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.

Headline financials

Total Revenue

$70.6M

Previous: $64M+10.2%
EPS (adj)

$0.03

Previous: $0.01+200.0%
Adjusted EBITDA Margin

33.0%

Previous: 38.0%-13.2%
Capital Expenditures

$247K

Previous: $151K+63.6%
Free Cash Flow

$5.2M

Previous: $19.4M-73.1%
Net Income

-$5.46M

Previous: -$3.21M-70.0%
Operating Income

$570K

Previous: $7.78M-92.7%
Gross Profit

$43.8M

Previous: $41.7M+5.1%
Cash & Equivalents

$55.8M

Previous: $114M-50.9%
Total Assets

$1.06B

Previous: $1.03B+3.2%
Stock-Based Comp

$6.26M

Previous: $3.9M+60.5%

Revenue & EPS history

MeridianLink · Revenue · Quarterly

$70.6M

Q4 2022+10.2%vs Q4 2021
Beat estimate in 12 of 15 quarters(80%)
ActualEstimate

Revenue by segment

MeridianLink · $70.6M total across 2 segments · Q4 2022

  • Lending Software Solutions
    $55M+25.8%
  • Data Verification Software Solutions
    $15.5M-23.5%

Forward guidance

MeridianLink provided financial guidance for the first quarter and full year 2023.

Tailwinds

  • 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.

Headwinds

  • 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.

Historical earnings impact

How earnings announcements have historically affected this stock's price.

Avg. return before/after earnings

Based on 6 quarterly earnings reports

Historical avg

+1.0%

Avg return

Earnings day

+2.6%

Avg return

5 days after

+2.6%

Avg return

30 days after

57%

12 / 21 earnings

Positive

+24.6%

Q2 2025

Best reaction

-23.9%

Q2 2023

Worst reaction

Earnings price reactions
QuarterReport dateReaction (Day 0)+5 days+30 days
Q3 2025
Q2 2025+24.6%+24.7%+25.3%
Q1 2025-2.0%-4.3%-5.3%
Q4 2025+16.6%+6.3%-9.7%
Q3 2024+0.2%+1.5%-4.1%
Q2 2024-4.2%-3.3%+2.0%
Q1 2024+1.4%-3.3%+13.4%
Q4 2023-4.4%-3.3%-3.4%
Q3 2023+2.1%
Q2 2023-23.9%
Q1 2023+1.3%
Q4 2022-0.2%
Q3 2022-14.8%
Q2 2022+4.0%
Q1 2022+16.9%
Q4 2021-2.4%
Q4 2019-2.4%
Q3 2020+3.3%
Q3 2021+3.3%
Q1 2021+2.1%
Q4 2020+2.1%
Q2 2021-2.2%
Q2 2020
Q1 2020

Discussion

Share your read of this quarter. Sign-in carries your eToro identity.

Join the conversation

Sign in with eToro to post your read of this quarter and vote on others'.

Sign in with eToro