COSTA MESA, Calif. (AP) — COSTA MESA, Calif. (AP) — MeridianLink Inc. (MLNK) on Wednesday reported a loss of $5.5 million in its fourth quarter.
On a per-share basis, the Costa Mesa, California-based company said it had a loss of 7 cents. Earnings, adjusted for stock option expense and non-recurring costs, were 3 cents per share.
The results exceeded Wall Street expectations. The average estimate of three analysts surveyed by Zacks Investment Research was breakeven on a per-share basis.
The provider of cloud-based software services for financial institutions posted revenue of $70.6 million in the period, which also beat Street forecasts. Three analysts surveyed by Zacks expected $67.8 million.
For the year, the company reported net income of $1.3 million, or 2 cents per share, swinging to a profit in the period. Revenue was reported as $288 million.
For the current quarter ending in March, MeridianLink said it expects revenue in the range of $72 million to $75 million.
The company expects full-year revenue in the range of $304 million to $310 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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