MeridianLink, Inc. Reports Earnings Results for the Fourth Quarter and Full Year Ended December 31, 2023
March 05, 2024 at 04:05 pm EST
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MeridianLink, Inc. reported earnings results for the fourth quarter and full year ended December 31, 2023. For the fourth quarter, the company reported sales was USD 74.58 million compared to USD 70.55 million a year ago. Net loss was USD 29.57 million compared to USD 5.46 million a year ago. Basic loss per share from continuing operations was USD 0.38 compared to USD 0.07 a year ago. Diluted loss per share from continuing operations was USD 0.38 compared to USD 0.07 a year ago.
For the full year, sales was USD 303.62 million compared to USD 288.05 million a year ago. Net loss was USD 42.54 million compared to net income of USD 1.29 million a year ago. Basic loss per share from continuing operations was USD 0.53 compared to basic earnings per share from continuing operations of USD 0.02 a year ago. Diluted loss per share from continuing operations was USD 0.53 compared to diluted earnings per share from continuing operations of USD 0.02 a year ago.
MeridianLink, Inc. is a provider of software platforms for financial institutions and consumer reporting agencies. The Companyâs cloud-based digital lending, account opening, background screening, and data verification solutions leverage shared intelligence from a unified data platform, MeridianLink One, to enable customers of all sizes to identify growth opportunities, scale up, and support compliance efforts. Its lending software solutions provide a fully digital workflow for its customers, extending from their clientâs initial account opening applications to its customerâs final extension of credit and, where necessary, collections activity. It enables its customers to offer an array of products and services to new and existing clients. Its solutions address various categories of consumer lending, including mortgage, credit card, personal, auto, home equity, and others. It serves financial institutions, including banks, mortgage lenders, specialty lending providers, and others.