MeridianLink, Inc. announced its financial results for the third quarter ended September 30, 2024, on November 7, 2024. The company reported a net loss of 9 cents per share. On an adjusted basis, earnings were 6 cents per share, which missed Wall Street expectations.
Total revenue for the quarter increased by 5% year-over-year. This growth was driven by continued demand for digital lending solutions, despite ongoing macroeconomic challenges. The company highlighted its resilience in navigating market uncertainties.
Management noted strategic leadership changes amidst ongoing market challenges, indicating efforts to adapt to the evolving financial landscape. The company continues to focus on its cloud-based platform, MeridianLink One, to support digital transformation for financial institutions.
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