MeridianLink, Inc. Reports Earnings Results for the Third Quarter and Nine Months Ended September 30, 2023
November 01, 2023 at 08:05 pm
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MeridianLink, Inc. reported earnings results for the third quarter and nine months ended September 30, 2023. For the third quarter, the company reported sales was USD 76.49 million compared to USD 71.75 million a year ago. Net loss was USD 2.07 million compared to USD 2.89 million a year ago. Basic loss per share from continuing operations was USD 0.03 compared to USD 0.04 a year ago. Diluted loss per share from continuing operations was USD 0.03 compared to USD 0.04 a year ago.
For the nine months, sales was USD 229.04 million compared to USD 217.5 million a year ago. Net loss was USD 12.97 million compared to net income of USD 6.76 million a year ago. Basic loss per share from continuing operations was USD 0.16 compared to basic earnings per share from continuing operations of USD 0.08 a year ago. Diluted loss per share from continuing operations was USD 0.16 compared to diluted earnings per share from continuing operations of USD 0.08 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.