58.8 F
Laguna Hills
Friday, Apr 12, 2024
-Advertisement-

MeridianLink Revenue Tops Estimates

Costa Mesa-based MeridianLink Inc., which provides software for credit unions and other financial firms, reported first-quarter revenue of $77.1 million, above analysts’ estimates and a 6% increase over the same period a year earlier.

Net loss for the period was $5.7 million compared with the $7.5 million gain reported a year earlier.

The company (NYSE: MLNK) projects revenue of up to $79 million in the current quarter, which would be well above analysts’ estimates of $76.5 million.

“Given the macro backdrop, we believe this performance is a fantastic achievement,” MeridianLink CEO Nicolaas Vlok said in a statement announcing the results.

MeridianLink was unchanged in after-hours trading after closing down 5% at $14.35 per share for a market cap of $1.2 billion.

For further details, see the May 15 print edition.

Want more from the best local business newspaper in the country?

Sign-up for our FREE Daily eNews update to get the latest Orange County news delivered right to your inbox!

Kevin Costelloe
Kevin Costelloe
Tech reporter at Orange County Business Journal
-Advertisement-

Featured Articles

-Advertisement-
-Advertisement-
-Advertisement-
-Advertisement-

Related Articles

-Advertisement-
-Advertisement-