MeridianLink Inc

NYSE:MLNKUnited States

May 7, 2024

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• -- Earnings Flash (MLNK) MERIDIANLINK Posts Q1 Revenue $77.8M, vs. Street Est of $76.9M, from 4:47PM ET on Tuesday May 07, 2024 by MT Newswires

  4:47PM ET on Tuesday May 07, 2024 by MT Newswires
  Companies Mentioned: MLNK
  04:47 PM EDT, 05/07/2024 (MT Newswires) -- ...

• -- Earnings Flash (MLNK) MERIDIANLINK Posts Q1 EPS $0.06, vs. Street Est of $0.07, from 4:47PM ET on Tuesday May 07, 2024 by MT Newswires

  4:47PM ET on Tuesday May 07, 2024 by MT Newswires
  Companies Mentioned: MLNK
  04:47 PM EDT, 05/07/2024 (MT Newswires) -- ...

• Press Release: MeridianLink Reports First Quarter 2024 Results, from 4:09PM ET on Tuesday May 07, 2024 by Dow Jones

  4:09PM ET on Tuesday May 07, 2024 by Dow Jones
  Companies Mentioned: MLNK
  ----------- ---------- Adjusted EBITDA $ 31,770 $ 24,937 =========== ========== Net loss margin (7)% (7)% Adjusted EBITDA margin 41% 32% (1) Restructuring related costs for the three months ended March 31, 2024 and 2023 are inclusive of $133 thousand and $299 thousand, respectively, of stock-based compensation forfeitures recorded associated with restructuring. Reconciliation from GAAP to Non-GAAP Results (unaudited) (in thousands) Three Months Ended March 31, ------------------------------------ 2024 2023 ---------- --- --------- --- Cost of revenue $ 26,073 $ 27,955 Less: Share-based compensation expense 782 853 Less: Employer payroll taxes on employee stock transactions 48 22 Less: Amortization of developed technology 4,729 4,454 ---------- --- --------- --- Non-GAAP cost of revenue $ 20,514 $ 22,626 ========== === ========= === Cost of revenue as a % of revenue 34% 36% Non-GAAP cost of revenue as a % of revenue 26% 29% Three Months Ended March 31, ------------------------------------ 2024 2023 ---------- --- --------- --- General and administrative $ 25,179 $ 22,555 Less: Share-based compensation expense 4,393 2,264 Less: Employer payroll taxes on employee stock transactions 136 51 Less: Expenses associated with public offering 1,389 -- Less: Depreciation expense 376 495 Less: Amortization of intangibles 9,419 9,582 ---------- --- --------- --- Non-GAAP general & administrative $ 9,466 $ 10,163 ========== === ========= === General and administrative as a % of revenue 32% 29% Non-GAAP general and administrative as a % of revenue 12% 13% Three Months Ended March 31, ------------------------------------ 2024 2023 ---------- --- --------- --- Research and development $ 9,485 $ 13,812 Less: Share-based compensation expense 1,502 1,783 Less: Employer payroll taxes on employee stock transactions 121 27 ---------- --- --------- --- Non-GAAP research and development $ 7,862 $ 12,002 ========== === ========= === Research and development as a % of revenue 12% 18% Non-GAAP research and development as a % of revenue 10% 16% Three Months Ended March 31, ------------------------------------ 2024 2023 ---------- --- --------- --- Sales and marketing $ 10,536 $ 8,213 Less: Share-based compensation expense 1,259 290 Less: Employer payroll taxes on employee stock transactions 117 26 ---------- --- --------- --- Non-GAAP sales and marketing $ 9,160 $ 7,897 ========== === ========= === Sales and marketing as a % of revenue 14% 11% Non-GAAP sales and marketing as a % of revenue 12% 10% Three Months Ended March 31, ------------------------------------ 2024 2023 ---------- --- --------- --- Net cash provided by operating activities $ 29,038 $ 28,081 Less: Capitalized software 1,837 1,924 Less: Capital expenditures 92 134 ---------- --- --------- --- Free cash flow $ 27,109 $ 26,023 ========== === ========= ===
  

• MeridianLink Reports First Quarter 2024 Results, from 4:05PM ET on Tuesday May 07, 2024 by Business Wire

  4:05PM ET on Tuesday May 07, 2024 by Business Wire
  Companies Mentioned: MLNK

  MeridianLink, Inc. (NYSE: MLNK), a leading provider of modern software platforms for financial institutions and consumer reporting agencies, today announced financial results for the first quarter ended March 31, 2024.