NYSE$MLNK

MeridianLink Inc · Q4 2023 earnings

Q4 2023 earnings · · Investor relations

Briefing

MeridianLink's Q4 2023 financial results were released, showing revenue growth and strategic execution.

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.

Headline financials

Total Revenue

$74.6M

Previous: $70.6M+5.7%
EPS (adj)

-$0.29

Previous: $0.03-1066.7%
Capital Expenditures

-$2.84M

Previous: $247K-1250.6%
Free Cash Flow

$9.64M

Previous: $5.2M+85.3%
Net Income

-$29.6M

Previous: -$5.46M-441.4%
Operating Income

$6.79M

Previous: $570K+1090.4%
Gross Profit

$39.7M

Previous: $43.8M-9.2%
R&D Expense

$10.7M

No prior period
Stock-Based Comp

$8.33M

Previous: $6.26M+33.1%

Revenue & EPS history

MeridianLink · Revenue · Quarterly

$74.6M

Q4 2023+5.7%vs Q4 2022
Beat estimate in 12 of 15 quarters(80%)
ActualEstimate

Revenue by segment

MeridianLink · $76.5M total across 2 segments · Q3 2023

  • Lending Software Solutions
    $58.9M
  • Data Verification Software Solutions
    $17.5M

Forward guidance

MeridianLink issued financial guidance for the first quarter and full year 2024.

Tailwinds

  • 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.

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

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