MeridianLink, Inc. - MLNK STOCK NEWS

MeridianLink (NYSE: MLNK) reported fourth quarter revenue of $70.6 million, a 10% year-over-year increase. The strong results were driven by a 26% increase in lending software solutions revenue, totaling $55.0 million, and representing 78% of total revenue. Despite a net loss of $5.5 million (or (8)% of revenue), Adjusted EBITDA stood at $23.2 million (or 33% of revenue). For fiscal year 2022, total revenue reached $288.0 million, reflecting an 8% growth. The company anticipates first quarter 2023 revenue between $72.0 million and $75.0 million, with an outlook for full year revenue between $304.0 million and $310.0 million.

MeridianLink, Inc. (NYSE: MLNK) has appointed Mark Sachleben to its board of directors. With over 30 years of technology and finance experience, Sachleben has a strong background in driving financial growth in both public and private companies. He previously served as the CFO at New Relic, where he oversaw financial strategy and managed significant revenue growth. His experience includes scaling organizations from pre-revenue to IPO, contributing to revenues exceeding $750M annually. MeridianLink's chair, Paul Zuber, expressed confidence that Sachleben's expertise will support the company's ongoing transformation.

MeridianLink, Inc. (NYSE: MLNK), a prominent software provider for financial institutions, announced upcoming institutional investor meetings during four conferences. Key dates include:

• March 7: Raymond James Institutional Investors Conference, Orlando, FL
• March 8: KeyBanc Capital Markets Emerging Technology Summit, San Francisco, CA
• March 13: 35th Annual Roth Conference, Laguna Niguel, CA
• March 15: Wolfe Research FinTech Forum, New York, NY

Webcasts will be available on the MeridianLink Investor Relations website. The company enhances digital lending and consumer data verification, aiming to revolutionize the lending experience for over 20 years.

GovForce, a technology company focused on government contractors, has secured $2.5 million in seed equity funding led by QED Investors and Humba Ventures. This funding aims to enhance its software platform designed to assist prime contractors with performance monitoring and compliance management. With government contractors managing approximately $700 billion annually in federal contracts, effective compliance is crucial. The GovForce platform addresses heightened security and reporting challenges in the industry, streamlining processes for subcontractor management, ultimately improving efficiency and performance.

MeridianLink, Inc. (NYSE: MLNK) will report its fourth quarter and fiscal year 2022 financial results on March 1, 2023, after market close. A conference call will follow at 2:00 p.m. PT (5:00 p.m. ET). Investors can join the call by dialing (888) 396-8049 toll-free in North America, or through a local number. The results and further details will be available on their website.

MeridianLink, Inc. (NYSE: MLNK) announces the launch of MeridianLink Business, enhancing its business lending capabilities for financial institutions. This offering, part of the MeridianLink One platform, builds on the Atlas Platform previously developed by StreetShares, acquired in 2022. It includes features like smart decisioning, digital document collection, and cash flow analysis tools. The platform enables lenders to implement a fully digital business lending environment in under 90 days, optimizing the borrowing experience for small businesses.

MeasureOne has partnered with MeridianLink (NYSE: MLNK) to integrate automated income and employment verification into MeridianLink's Consumer Loan Origination System. This collaboration allows banks and credit unions utilizing MeridianLink to automate Verification of Income and Employment (VOIE), resulting in reduced costs, enhanced conversion rates, and increased operational efficiency. MeasureOne's platform boasts connections to over 10,000 data sources, including 5,000 payroll systems, facilitating streamlined data sharing while preserving consumer privacy. This partnership aims to innovate lending processes and improve consumer access to credit.

MeridianLink, Inc. (NYSE: MLNK) unveiled enhancements to its MeridianLink Engage platform, aimed at empowering financial institutions with personalized marketing automation tools. These updates streamline pre-screening and account opening processes, enabling quicker targeted campaigns. Notable new features include integration with MeridianLink Opening, online banking notifications, and expanded credit bureau capabilities with Equifax. The enhancements enable financial institutions to save time and improve customer engagement through advanced data segmentation. The updates reflect the company’s commitment to fostering deeper consumer relationships and driving growth.