MeridianLink, Inc. - MLNK STOCK NEWS

MeridianLink (NYSE: MLNK) has achieved Great Place To Work Certification™ for the fifth consecutive year. This recognition is based on current employee feedback about their workplace experience. As a remote-first organization, MeridianLink maintains its distinctive culture through employee resource groups (ERGs), mentorship programs, and celebration of various milestones.

According to Great Place To Work research, employees at Certified workplaces are 93% more likely to look forward to coming to work and have twice the likelihood of fair pay, profit sharing, and promotion opportunities. Job seekers are 4.5 times more likely to find a great boss at a Certified workplace.

Shastic, an AI workflow automation provider, has partnered with MeridianLink (NYSE: MLNK) to integrate its platform through the MeridianLink® Marketplace. The collaboration aims to help financial institutions automate employee-managed processes, enhancing operational efficiency. MeridianLink, which provides cloud-based digital lending and account opening solutions, will offer Shastic's AI-Automated Knowledge Workers to its network of banks and credit unions. This integration enables financial institutions to streamline operations and focus more on consumer interactions.

MeridianLink (NYSE: MLNK) has announced a strategic partnership with ScoreNavigator to enhance credit analysis capabilities in mortgage lending. The integration of ScoreNavigator with MeridianLink Mortgage Credit Link (MCL) enables CRAs and mortgage lenders to track and monitor score changes based on applicant actions, providing a more efficient screening solution. The partnership has been tested with leading CRAs, including CIC and Advantage Credit, to ensure seamless functionality. This collaboration aims to improve credit analysis, financial literacy, and consumer experience while strengthening relationships between lenders and customers.

MeridianLink (NYSE: MLNK), a provider of software platforms for financial institutions and consumer reporting agencies, announced its participation in the UBS Global Technology and AI Conference in Scottsdale, Arizona on December 4. The company's management team will engage in a fireside chat at 2:55 pm ET and meet with institutional investors. Both live webcast and replay will be available on the MeridianLink Investor Relations website's Events page.

MeridianLink (NYSE: MLNK) reported its third quarter 2024 financial results, showing a 5% year-over-year revenue increase to $80.4 million. This growth was driven by a 7% rise in lending software solutions revenue to $63.0 million. The company also achieved an operating income of $2.6 million and a non-GAAP operating income of $18.0 million. However, it reported a net loss of $(7.1) million and an adjusted EBITDA of $33.8 million.

In the quarter, cash flows from operations were $20.6 million and free cash flow was $18.7 million. The company repurchased 1.4 million shares worth $31.3 million. Notably, Broadway Bank went live with MeridianLink Mortgage, reducing loan processing time by up to six days.

The company provided Q4 2024 revenue guidance of $76.0 million to $80.0 million and adjusted EBITDA of $29.5 million to $32.5 million. Full-year 2024 revenue is expected to be $313.0 million to $317.0 million with adjusted EBITDA of $127.0 million to $130.0 million.

MeridianLink (NYSE:MLNK) has been named to the 2024 IDC FinTech Top 50 ranking for the second consecutive year. This prestigious list recognizes leading global technology providers serving the financial services industry. The ranking is based on calendar year revenues from financial institutions for hardware, software, and services. IDC forecasts global IT spending to exceed $800 billion by 2026.

The company's recognition highlights its 25-year commitment to providing digital growth solutions for financial institutions. MeridianLink has developed the Digital Progression Model, a framework helping banks and credit unions assess their digital state, identify growth opportunities, and meet modern consumer expectations.

MeridianLink (NYSE: MLNK), a provider of software platforms for financial institutions and consumer reporting agencies, announced it will release its third quarter 2024 financial results after market close on Thursday, November 7, 2024. The company will host a conference call and webcast at 2:00 p.m. PT (5:00 p.m. ET) on the same day. The earnings call will be accessible via phone and webcast, with replay options available through November 14, 2024.

MeridianLink (NYSE: MLNK) announced that Wes Zauner, VP of Product, will present at Jack Henry Connect 2024 in Phoenix, AZ. The session, 'Getting Ready for Tomorrow: Practical Steps to Digital Progression', will showcase MeridianLink's Digital Progression Model, which helps financial institutions assess their digital state and identify growth opportunities.

The presentation will focus on five key areas for digital growth: Consumer Experience, Data-Centricity, Share-of-Wallet Growth, Instant Decisioning, and Process Automation. MeridianLink's model, built on 25 years of experience, aims to help banks and credit unions meet modern consumer expectations.

MeridianLink and Jack Henry have partnered for over 15 years, providing solutions for account opening, loan origination, and cross-selling. Attendees can visit Booth 919 to learn more about MeridianLink's offerings.

MeridianLink (NYSE: MLNK), a leading provider of modern software platforms for financial institutions and consumer reporting agencies, has announced the pricing of a secondary offering of 6,000,000 shares of its common stock. The offering is being made by certain funds managed by Thoma Bravo, L.P. (the Selling Stockholders). The underwriter, J.P. Morgan Securities , has been granted a 30-day option to purchase up to an additional 900,000 shares.

The offering consists entirely of shares sold by the Selling Stockholders, with MeridianLink not receiving any proceeds. It is expected to close on September 30, 2024, subject to customary conditions. The shares will be offered through various methods, including direct sales, brokerage transactions, and negotiated deals. The offering is being made pursuant to an effective shelf registration statement on Form S-3 filed with the SEC.