MeridianLink Inc - MLNK STOCK NEWS

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.

MeridianLink, Inc. (NYSE: MLNK) to release its fourth quarter and fiscal year 2023 financial results on March 5, 2024, with a conference call and webcast to follow. Details on how to access the conference call and webcast provided.

MeridianLink, Inc. (NYSE: MLNK) announced that A+ Federal Credit Union has selected MeridianLink® to update its loan origination system, doubling its instant approval rates on consumer loans after adopting the MeridianLink One platform. The end-to-end digital platform enables the credit union to bundle data and technology to create enhanced member and employee experiences, streamlining its loan origination process and increasing efficiency in workflow.

MeridianLink, Inc. (NYSE: MLNK) announced the pricing of an underwritten secondary offering of 6,906,015 shares of its common stock at a public offering price of $19.00 per share. The Selling Stockholders have granted the underwriters a 30-day option to purchase up to an additional 675,000 shares. The Offering is expected to close on February 9, 2024. The Company will not receive any proceeds from the sale of the shares being offered by the Selling Stockholders. The Company intends to fund the Stock Repurchase with existing cash on hand. Citigroup Global Markets Inc. and J.P. Morgan Securities LLC are acting as lead book-running managers for the Offering.