MeridianLink, Inc. - MLNK STOCK NEWS

MeridianLink, Inc. (NYSE: MLNK) reported a strong third quarter for 2021, achieving revenue of $67.4 million, reflecting a 29% year-over-year growth. The company maintained a high adjusted EBITDA margin of 46%, totaling $31.0 million in adjusted EBITDA. Despite an operating loss of $(8.8) million, MeridianLink expanded its client base significantly, adding over 60 new clients to its MeridianLink Portal. The company also raised its full-year guidance, forecasting up to $264.2 million in revenue for 2021.

MeridianLink (NYSE: MLNK) reported the addition of over 60 clients who implemented the MeridianLink Portal in Q3, enhancing their digital lending capabilities. This portal streamlines loan and deposit applications, allowing for a robust and customizable user experience across devices. The company's offerings are central to the ongoing digital transformation in the financial services industry, helping institutions meet consumer demands. MeridianLink serves over 1,900 clients, boasting a strong presence among the top financial institutions in the U.S.

MeridianLink (NYSE: MLNK) released a report, 'The Future of Digital Lending,' indicating a shift towards digital loan applications among financial institutions. 99% of surveyed organizations now offer online applications, an increase from 85% in 2020. Additionally, 54% provide mobile applications, up from 44% in 2020. Despite advancements, many institutions still face challenges in onboarding processes. While 57% have established loan onboarding, the interest in developing new programs has declined. The report emphasizes consumer demand for quicker, simpler digital experiences.

MeridianLink, Inc. (NYSE: MLNK) will announce its third quarter 2021 financial results on November 3, 2021, post-market close. A conference call is scheduled for 2:00 PM PT (5:00 PM ET) to discuss these results, and will be accessible via phone and webcast. MeridianLink delivers advanced cloud-based software solutions to over 1,900 customers, including leading financial institutions. This upcoming report is crucial for investors to assess the company’s performance and future guidance.

MeridianLink (NYSE: MLNK) celebrates the success of its bank and credit union clients, who have been recognized in Forbes’ lists of America’s Best Banks and Credit Unions for 2021. Notably, MeridianLink clients account for over 40% of the banks and more than two-thirds of the credit union honorees. This recognition highlights the effectiveness of MeridianLink's cloud-based software solutions for financial institutions, which support streamlined loan decision-making and credit reporting. Clients utilize several of MeridianLink's products, underscoring a strong partnership in achieving customer satisfaction.

MeridianLink, Inc. (NYSE: MLNK) has launched a new feature on its TazWorks platform that allows organizations to configure recurring background checks, enhancing employee monitoring and risk mitigation. This tool enables personnel managers to stay informed about changes in employee status, thereby promoting safer environments. The feature supports flexible configurations based on search parameters, and scheduled checks can be integrated into existing workflows. MeridianLink serves over 1,900 clients, including numerous leading financial institutions.

MeridianLink, Inc. (NYSE: MLNK) has appointed Pam Murphy to its board of directors as part of its continued strategic growth following its IPO in July. Murphy, with over 25 years of experience in finance, cloud product development, and business operations, is expected to enhance the board's competencies. Currently, she serves as the CEO of Imperva and has held key leadership roles at Infor and Oracle. Chair Paul Zuber expressed enthusiasm about her extensive background and skill set, which come at a pivotal time for the newly public company.

MeridianLink (NYSE: MLNK) has expanded its partnership with MeasureOne to enhance employment verification for TazWorks, a technology platform for independent background screening. This collaboration introduces a comprehensive, consumer-permissioned data platform that improves access to education, employment, and income verification. The new service promises greater speed, cost-efficiency, and accuracy, while prioritizing applicant privacy. This strategic development aims to bolster TazWorks' offerings and support its clients in the background screening community.

MeridianLink, Inc. (NYSE: MLNK) announced that its Chief Strategy Officer and Co-founder, Tim Nguyen, received the 2021 Innovator of the Year Award from the Orange County Business Journal. This recognition highlights Nguyen's commitment to democratizing lending technology, enabling smaller financial institutions to compete effectively in the market. His innovative solutions have disrupted traditional financial services, promoting equitable lending experiences. The awards were announced on September 9, 2021, with Nguyen being selected from 80 nominees.