MeridianLink, Inc. - MLNK STOCK NEWS

MeridianLink, Inc. (NYSE: MLNK) announces the departure of CFO Chad Martin effective May 31 to join a private equity firm. CEO Nicolaas Vlok will serve as interim CFO until Sean Blitchok starts on June 13. Martin will retain an advisory role throughout the year. Under Martin's leadership, MeridianLink experienced significant growth, including strategic acquisitions and its IPO in July 2021. Blitchok brings over 20 years of experience in corporate finance and has previously worked at Salesforce.com, among other companies, positioning him as a strong candidate for further growth.

MeridianLink, Inc. (NYSE: MLNK), a provider of modern software platforms for financial institutions, announced upcoming meetings with institutional investors at three conferences:

• William Blair 42nd Annual Growth Stock Conference on June 6 in Chicago, IL
• Bank of America’s 2022 Global Technology Conference on June 7 in San Francisco, CA
• Stifel 2022 Cross Sector Insight Conference on June 8 in Boston, MA

Webcasts and replays will be available on the MeridianLink Investor Relations website.

MeridianLink, Inc. (NYSE: MLNK) reported a 7% year-over-year revenue growth for Q1 2022, totaling $72.8 million. The increase in lending software solutions revenue was notable at 14%, reaching $49.2 million. The company achieved an operating income of $14.6 million, equating to 20% of revenue, and an impressive 47% adjusted EBITDA margin. MeridianLink also initiated a $75 million stock repurchase program and expects Q2 revenue guidance between $71.5 million and $73.5 million.

MeridianLink, Inc. (NYSE: MLNK) will announce its first quarter 2022 financial results on May 12, 2022, after market close. A conference call is scheduled for 2:00 p.m. PT (5:00 p.m. ET). The call can be accessed via phone or a webcast available at ir.meridianlink.com. MeridianLink is a leader in cloud-based software solutions for financial institutions, serving over 1,900 customers, including many featured on Forbes' Best Credit Unions and Banks list.

MeridianLink, Inc. (NYSE: MLNK) has successfully completed its acquisition of StreetShares®, a financial technology firm specializing in digital small business lending solutions for banks and credit unions. This acquisition enhances MeridianLink's software platforms targeted at financial institutions and expands its offerings for small business banking. With StreetShares' Atlas Platform, MeridianLink aims to provide a comprehensive suite of digital lending products, reinforcing its position as a leader in modern financial technology.

MeridianLink, Inc. (NYSE: MLNK) reported Q4 2021 revenue of $64.0 million, reflecting a 19% year-over-year growth. The company achieved an operating income of $7.8 million, representing 12% of revenue, while adjusted EBITDA reached $24.6 million, or 38% of revenue. MeridianLink’s consumer business grew by 23% year-over-year, driven by strategic reinvestments. For Q1 2022, the company projects revenue between $68.3 million and $69.3 million, and for the full year 2022, revenue is expected to range from $288.0 million to $292.0 million.

MeridianLink (NYSE: MLNK) has announced its acquisition of StreetShares, a fintech company specializing in digital small business lending technology. This move aims to enhance MeridianLink's lending capabilities for community banks and credit unions, supporting their digital transformation. The StreetShares Atlas Platform will provide advanced business lending tools, allowing institutions to launch a digital lending environment quickly. With strong ties to organizations like Fiserv, the acquisition is expected to add significant value to MeridianLink's offerings and strengthen its position in the market.

Point Predictive has announced a strategic partnership with MeridianLink (NYSE: MLNK) to enhance the auto lending process through advanced AI solutions. This integration aims to streamline loan underwriting and improve operational efficiency for MeridianLink customers. Tim Grace, CEO of Point Predictive, highlighted that the partnership will help mitigate various types of lending fraud and accelerate loan origination rates. This collaboration indicates a commitment to innovation in digital lending and fraud detection within the automotive finance sector.

MeridianLink (NYSE: MLNK) announced a strategic partnership with Social Intelligence to enhance background screening services via the TazWorks platform. This collaboration introduces social media screening capabilities, enabling clients to leverage web analytics for informed employment decisions. The integration aims to facilitate a more comprehensive screening process while safeguarding personal privacy with the SI Protected Class Safety Feature™. The partnership represents a significant step in expanding the offerings of TazWorks clients and automating screening procedures.