MeridianLink, Inc. - $MLNK STOCK NEWS

MeridianLink, Inc. (NYSE: MLNK) won the Achievement in Product Innovation award at the 22nd Annual American Business Awards for its partnership with FedChoice Federal Credit Union. The partnership led to enhanced member segmentation, operational efficiency, loan funding, and home equity product growth. MeridianLink Insight provided valuable insights, empowering financial institutions with data-driven solutions. The recognition highlights the company's commitment to innovation and driving digital progression in the financial industry.

MeridianLink, Inc. (NYSE: MLNK) recognized 10 financial institutions at the 2024 Arc Awards for leveraging the MeridianLink One platform to enhance consumer services. The awards highlight innovative use of the company's solutions to address business challenges and drive growth.

MeridianLink, Inc. (NYSE: MLNK) announces its first quarter 2024 financial results conference call scheduled for May 7, 2024. The call will follow the release of financial results after market close, providing an opportunity for investors and stakeholders to gain insights into the company's performance.

MeridianLink, Inc. (NYSE: MLNK) announces Space Coast Credit Union's successful implementation of MeridianLink’s Advanced Decisioning module, resulting in streamlined processes and significant increases in instant decisioning, enhancing member experiences and efficiency.

MeridianLink, Inc. (NYSE: MLNK) announces over 50 customers selecting MeridianLink® Access and Mortgage Access products, showcasing demand for innovative capabilities in the market. Alabama Credit Union experiences significant benefits with a 17% increase in deposit applications within a month of implementing Access.

MeridianLink, Inc. (NYSE: MLNK) announced keynote speakers for MeridianLink LIVE! 2024, discussing digital maturity in lending and banking. Speakers include Larry Lerner from McKinsey & Company, Kate O’Neill on tech humanism, Jamie Metzl on AI's impact, and Logan Mohtashami on the 2024 economic update.

MeridianLink, Inc. (NYSE: MLNK) announces Sean Blitchok stepping down as CFO and Larry Katz joining as the new CFO and board member. Mr. Blitchok to remain in advisory role till Sept. 30, 2024. Larry Katz brings extensive experience from companies like StubHub, Genesys, JPMorgan Chase & Co., and The Walt Disney Company.

MeridianLink, Inc. (NYSE: MLNK) reveals insights from a survey of 1,000 Americans on consumer sentiment regarding payments, customer service, and digital lending innovation.

MeridianLink, Inc. (MLNK) reports a 6% year-over-year revenue growth in the fourth quarter, reaching $74.6 million, driven by lending software solutions revenue of $59.5 million. The company's strong performance is attributed to robust demand, innovative product expansions, and partner collaborations. Despite facing challenging macroeconomic conditions, MeridianLink achieved an operating income of $6.8 million and a net loss of $(29.6) million, which includes a one-time non-cash tax expense of $29.4 million. The company's cash flows from operations amounted to $12.5 million. For the fiscal year 2023, MeridianLink's revenue reached $303.6 million, with an operating income of $15.5 million and a net loss of $(42.5) million. The company's adjusted EBITDA for the year was $113.0 million. MeridianLink also highlighted significant business and operating achievements, including strong software bookings, new integrations, and customer acquisitions. Looking ahead, the company issued first quarter and full year 2024 financial guidance, expecting revenue in the range of $75.0 million to $78.0 million for Q1 and $313.0 million to $323.0 million for the full year, with adjusted EBITDA projections. MeridianLink will host a conference call to discuss its results.