The following is a summary of the MeridianLink, Inc. (MLNK) Q3 2024 Earnings Call Transcript:

Financial Performance:

• MeridianLink achieved Q3 revenue of $80.4 million, a 5% growth year-over-year.

• Adjusted EBITDA for the quarter was $33.8 million, marking a 42% EBITDA margin.

• The company returned $31.3 million to shareholders through stock buybacks.

• Free cash flow was $18.7 million, with total debt at $473.9 million and net debt standing at $387.6 million.

Business Progress:

• The company strengthened its management team with key leadership appointments.

• Continued success in the 'land-and-expand' strategy, deepening relationships with existing customers.

• New customer acquisitions and successful integrations in the mortgage and consumer lending spaces using MeridianLink One platform.

Opportunities:

• Increased buying signals from financial institutions anticipating economic recovery, supporting potential market growth.

• Expansion opportunities through both current customer base and new partnerships, with strong cross-sell momentum particularly in integrated mortgage lending solutions.

Risks:

• Persisting headwinds from high interest rates impacting the mortgage and used auto markets.

• Economic recovery in customer base industries, such as banking, seen as gradual with normalization expected to take several quarters.

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