MeridianLink Sees Revenue Growth Amidst Challenging Environment

MeridianLink ( (MLNK) ) just unveiled an announcement.

MeridianLink reported a 5% year-over-year increase in third-quarter revenue to $80.4 million, driven by a 7% growth in its lending software solutions. Despite a net loss of $7.1 million, the company showcased strong cash flows and returned $31.3 million to shareholders through stock repurchases. The company’s digital lending platform, MeridianLink® One, supports its growth strategy amid a challenging macro environment, with projections for continued revenue and EBITDA growth for the full year 2024.

See more insights into MLNK stock on TipRanks’ Stock Analysis page.