Welcome to our dedicated page for MeridianLink news (Ticker: MLNK), a resource for investors and traders seeking the latest updates and insights on MeridianLink stock.
MeridianLink, Inc. (MLNK) is a leading provider of cloud-based software solutions tailored for financial institutions, including banks, credit unions, mortgage lenders, specialty lending providers, and consumer reporting agencies. Since its inception in 1998, the company has been at the forefront of creating innovative technologies that transform how financial institutions operate by addressing complex challenges with streamlined, user-friendly solutions.
MeridianLink's robust and secure technologies empower lenders and consumers by providing reliable, accurate information at any time. The company's commitment to innovation and excellence has established it as an industry leader in web-based credit reporting and lending solutions. MeridianLink generates its maximum revenue from its comprehensive Lending Software Solutions, which streamline the lending process from application to closing.
Recent achievements include enhancing its cloud platform with new features that further simplify the lending process and improve user experience. MeridianLink is also known for its strategic partnerships that expand its reach and capabilities, ensuring that financial institutions of all sizes can benefit from its cutting-edge solutions.
Financially, MeridianLink is well-positioned with a strong revenue base and a commitment to continuous improvement and innovation. The company's focus on customer satisfaction and product excellence ensures that it remains a trusted partner for financial institutions looking to optimize their operations.
Stay updated with the latest news from MeridianLink, Inc. to learn more about their ongoing projects, new product releases, and industry developments that impact financial institutions worldwide.
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MeridianLink, Inc. (NYSE: MLNK) reveals insights from a survey of 1,000 Americans on consumer sentiment regarding payments, customer service, and digital lending innovation.
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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.
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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.
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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.
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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.
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MeridianLink, Inc. (NYSE: MLNK) announced preliminary unaudited operating results for Q4 2023, including revenue of $73.5-74.5 million, net loss of $(40.0)-(20.0) million, adjusted EBITDA of $30.0-31.0 million, and cash of $80.4 million. The Board also approved a $125.0 million stock repurchase program.
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MeridianLink, Inc. (NYSE: MLNK) has announced a proposed underwritten secondary offering of 6,500,000 shares of its common stock by existing stockholders. The company will not receive any proceeds from the sale, and the underwriters will have the option to purchase additional shares. The Company intends to fund the concurrent Stock Repurchase with existing cash on hand. The Offering is made pursuant to an effective shelf registration statement on Form S-3, and the lead book-running managers for the Offering are Citigroup Global Markets Inc. and J.P. Morgan Securities LLC.
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MeridianLink, Inc. (NYSE: MLNK) has received the 2024 HousingWire Tech100 Mortgage Award for its MeridianLink® Mortgage loan origination system. The system was chosen for its industry-leading configurability, innovative borrower experience improvements, and ability to reduce origination times and costs for customers. The Tech100 program provides a comprehensive list of the most innovative and impactful organizations in the housing industry, and this year's winners have developed solutions that address long-standing challenges in the mortgage and real estate sectors. MeridianLink's recognition underscores its commitment to ongoing innovation and product excellence.
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Asurity Technologies, LLC (Ticker: ASUR) successfully integrates RegCheck, its mortgage loan compliance solution, with MeridianLink, enhancing loan compliance monitoring and reporting efficiency for financial institutions.
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MeridianLink, Inc. (NYSE: MLNK) announced that its director of product management for MeridianLink Mortgage, David Wieczorek, has been named among the National Mortgage Professional (NMP) 40 Under 40 award recipients. Wieczorek has played a key role in shaping MeridianLink Mortgage's offerings, leading to double-digit annualized growth in active mortgage LOS customers. The platform, known for its robust and customizable workflow automation, powerful open APIs, and comprehensive suite of tools, is designed to streamline the mortgage origination process, helping lenders reduce costs and decrease time to close.
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FAQ
What is the current stock price of MeridianLink (MLNK)?
The current stock price of MeridianLink (MLNK) is $22.215 as of November 1, 2024.
What is the market cap of MeridianLink (MLNK)?
The market cap of MeridianLink (MLNK) is approximately 1.6B.
What does MeridianLink, Inc. do?
MeridianLink, Inc. provides cloud-based software solutions for financial institutions, including banks, credit unions, mortgage lenders, and consumer reporting agencies.
When was MeridianLink, Inc. founded?
MeridianLink, Inc. was founded in 1998.
What is the main source of revenue for MeridianLink, Inc.?
MeridianLink generates its maximum revenue from its Lending Software Solutions.
What types of financial institutions use MeridianLink’s services?
Banks, credit unions, mortgage lenders, specialty lending providers, and consumer reporting agencies use MeridianLink's services.
How does MeridianLink improve the lending process?
MeridianLink offers streamlined, user-friendly solutions that simplify the lending process from application to closing, providing reliable and accurate information.
What are some recent achievements of MeridianLink, Inc.?
Recent achievements include enhancements to its cloud platform, new features for improved user experience, and strategic partnerships to expand its capabilities.
Why is MeridianLink considered an industry leader?
MeridianLink is considered an industry leader due to its innovative technologies, commitment to excellence, and the ability to transform financial institutions' operations.
What makes MeridianLink’s technologies secure?
MeridianLink’s technologies are designed to be robust and secure, ensuring reliable and accurate information for lenders and consumers.
Can MeridianLink’s solutions be used by small financial institutions?
Yes, MeridianLink's solutions are designed to cater to financial institutions of all sizes.
How can I stay updated with MeridianLink’s latest news?
You can stay updated with MeridianLink's latest news by following their official announcements and news releases on their website and financial news platforms.
MeridianLink, Inc.
NYSE:MLNK
MLNK Rankings
MLNK Stock Data
1.64B
75.13M
22.21%
79.67%
1.86%
Software - Application
Services-prepackaged Software
United States of America
COSTA MESA