MLNK - MeridianLink Inc. (MLNK) Q4 2023 Earnings Call Transcript
2024-03-06 00:57:16 ET
MeridianLink, Inc. (MLNK)
Q4 2023 Earnings Conference Call
March 5, 2024 17:00 ET
Company Participants
Gianna Rotellini - Investor Relations
Nicolaas Vlok - Chief Executive Officer
Sean Blitchok - Chief Financial Officer
Chris Maloof - President, Go-to-Market
Conference Call Participants
Alex Sklar - Raymond James
Matt VanVliet - BTIG
Scott Wurtzel - Wolfe Research
Chris Kennedy - William Blair
Ryan Powderly - Barclays
Koji Ikeda - Bank of America
Andrew Schmidt - Citi
Matthew Kikkert - Stifel
Presentation
Operator
Ladies and gentlemen, thank you for standing by and welcome to MeridianLink’s Fourth Quarter 2023 Earnings Call. [Operator Instructions] Please be advised that today’s conference is being recorded. I would now like to turn the conference over to your first speaker today, Gianna Rotellini. Gianna, please go ahead.
Gianna Rotellini
Good afternoon, and welcome to MeridianLink’s fourth quarter fiscal year 2023 earnings call. We will be discussing the results announced in our press release issued after the market closed today. With me today are MeridianLink’s Chief Executive Officer, Nicolaas Vlok; Chief Financial Officer, Sean Blitchok and President, Go-to-Market, Chris Maloof.
Before we begin, I’d like to remind you that today’s conference call will include forward-looking statements based on the company’s current expectations. These forward-looking statements are subject to a number of significant risks and uncertainties, and our actual results may differ materially. For a discussion of the risks, uncertainties and other factors that could affect our future financial results and business, please refer to the disclosure in today’s earnings release and the periodic reports and filings we file from time to time with the Securities and Exchange Commission. All of our statements are made based on information available to us as of today, and except as required by law, we assume no obligation to update any such statements.
During the call, we will also refer to both GAAP and non-GAAP financial measures. You can find the reconciliation of our GAAP to non-GAAP measures included in our press release, which is posted to the Investor Relations section of our website.
With that, let me turn the call over to Nicolaas.
Nicolaas Vlok
Thank you, Gianna. Good afternoon, everyone. It’s great having all of you join us today. 2023 was another successful year for MeridianLink. We executed well on our strategic initiatives set in the beginning of the year that were designed to serve our customers with greater efficiency. As a result, we generated strong demand finishing the full year with software bookings exceeding the record we set in 2022, and we made great progress releasing ACV from our new logo and cross-sell wins. We also had a fantastic year of innovation with multiple product launches and partnerships to strengthen the capabilities of MeridianLink One. With the dedication and expertise of the entire MeridianLink team, we continue to deliver on our commitments to our customers and stockholders.
Turning to our results for the fourth quarter. Our GAAP revenue grew 6% year-over-year to $74.6 million with an adjusted EBITDA margin of 42%, exceeding the top end of our EBITDA guidance. Our performance in the quarter demonstrates our ability to execute in key strategic areas of the business that accelerate growth while also demonstrating cost discipline. It remains our goal to help customers navigate an evolving operating environment and outcompete for consumers by providing a personalized, frictionless lending experience....
MeridianLink, Inc. (MLNK) Q4 2023 Earnings Call Transcript