MeridianLink: Q4 Earnings Snapshot

Associated Press Finance
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COSTA MESA, Calif. (AP) — COSTA MESA, Calif. (AP) — MeridianLink Inc. (MLNK) on Tuesday reported a loss of $29.6 million in its fourth quarter.

The Costa Mesa, California-based company said it had a loss of 38 cents per share. Losses, adjusted for stock option expense, came to 29 cents per share.

The results fell short of Wall Street expectations. The average estimate of three analysts surveyed by Zacks Investment Research was for a loss of 6 cents per share.

The provider of cloud-based software services for financial institutions posted revenue of $74.6 million in the period, which also fell short of Street forecasts. Three analysts surveyed by Zacks expected $74.7 million.

For the year, the company reported a loss of $42.5 million, or 53 cents per share. Revenue was reported as $303.6 million.

For the current quarter ending in March, MeridianLink said it expects revenue in the range of $75 million to $78 million.

The company expects full-year revenue in the range of $313 million to $323 million.

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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on MLNK at https://www.zacks.com/ap/MLNK

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