Alkami Technology

Alkami Technology, Inc. provides digital banking software solutions to credit unions, banks, credit union service organizations, and service bureaus. The firm offers content management and online & mobile banking suite that brings together for a snapshot view of accounts with recent and upcoming activities. The company was founded by Louis A. Iannaccone, Scott Klososky, Steve Meston, Gary L. Nelson, Gruenewald Bobby, Jay Lackey, Stephen Bohanon, and Kim Stroh in 2009 and is headquartered in Plano, TX.

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Alkami Technology reports robust Q4 growth and eyes profitability in 2023

Alkami's Q4 2022 performance showcased strong revenue growth and user acquisition, aligning with strategic goals.
The company's focus on technology, user experience, and market expansion positions it for future success.
Challenges include balancing growth targets with profitability and navigating the evolving M&A landscape.
Opportunities lie in expanding gross margins, driving user growth, and leveraging add-on sales for revenue generation.

Alkami Technology reports robust Q1 growth, eyes profitability amid challenges

Alkami Technology's Q1 2023 showcased strong revenue growth and user base expansion, aiming for profitability by year-end.
While facing EBITDA loss challenges, the company's focus on digital banking experience and client data offers growth avenues.
Balancing revenue targets, market mix, and product innovation will be key for Alkami to capitalize on market opportunities and overcome challenges.

Alkami Technology reports robust Q2 growth and eyes strategic expansion

Alkami Technology's Q2 2023 performance reflects strong revenue growth and user expansion, underpinned by a solid cash position and strategic sales efforts.
While challenges exist in achieving profitability and client renewals, the company's focus on operational efficiency and market competitiveness bodes well for future success.
Opportunities in user acquisition, M&A activities, and product innovation present avenues for Alkami to further solidify its position in the digital solutions market.

Alkami Technology excels in Q3, eyes digital banking growth

Alkami Technology's strong Q3 performance and strategic focus on digital banking underscore its market position and growth potential.
While facing competition and contract renewal challenges, the company's innovation, client-centric approach, and revenue projections signal resilience.
Opportunities lie in leveraging digital banking trends, expanding product capabilities, and targeting tech-savvy clients for sustained growth.
With accelerating revenue growth expected in Q4 2023 and a commitment to enhancing user experience, Alkami is poised for continued success in the digital banking landscape.

Alkami Technology excels in Q4, eyes equal client mix by 2026

Alkami Technology's Q4 2023 performance was robust, exceeding revenue targets and focusing on client relationships and growth.
The company faces challenges in aligning product roadmaps between bank and credit union clients and aims for equal client composition by 2026.
Opportunities lie in leveraging data for AI capabilities, driving down costs, and focusing on product-market fit for sustained success.
Overall, Alkami's strategic focus on client satisfaction, innovation, and market demand positions them for continued growth and success.

Alkami Technology excels in Q1, poised for growth and innovation

Alkami Technology's Q1 2024 performance reflects strong revenue growth, robust client base expansion, and a focus on innovation through its data platform.
The company's strengths lie in its competitive edge in the digital banking space, diverse product offerings, and significant room for further client adoption.
While facing challenges in meeting evolving client demands and maintaining profitability, Alkami is well-positioned to leverage opportunities in client acquisition, technology adoption, and product development.

Alkami Technology excels in Q2, eyes growth in digital banking

Alkami Technology's Q2 2024 performance reflects strong revenue growth, operational improvements, and market expansion, underpinned by industry recognition and strategic investments.
While facing challenges in meeting financial targets and margin goals, the company's focus on innovation, market penetration, and executive leadership sets the stage for continued growth.
With a solid sales pipeline, a clear growth strategy, and a commitment to enhancing customer experience, Alkami is well-positioned to capitalize on market opportunities and drive future success.

Alkami Technology excels in Q3, eyes data tech for growth

Alkami Technology's Q3 2024 performance reflects robust growth, operational efficiency, and strategic client acquisitions.
The company's focus on data technology as a growth driver and its strong financial position position it well for future opportunities.
While challenges like margin targets and market competition exist, Alkami's strengths and opportunities signal a promising trajectory.

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Alkami Technology reported Q2 2024 results, beating revenue estimates but matching earnings estimates. The global core banking software market is expected to reach $22.2 billion by 2030 with a CAGR of 9.3%. Alkami's financial trends show revenue growth, reduced operating losses, and slightly improved Rule of 40 performance.

Alkami's Soaring Stock: Growth Story Or Fully Valued?

Alkami Technology, Inc. (NASDAQ:ALKT ) Q2 2024 Earnings Call July 31, 2024 5:00 PM ET Company Participants Steve Calk - Vice President, Investor Relations Alex Shootman - Chief Executive Officer Bryan Hill - Chief Financial Officer Conference Call Participants Chris Kennedy - William Blair Mayank Tandon - Needham Pat Walravens - JMP Securities Jacob Stephan - Lake Street Andrew Schmidt - Citi Operator Good afternoon, ladies and gentlemen, and welcome to the Alkami Technology's Second Quarter 2024 Financial Results Conference Call. [Operator Instructions] I'd like to turn the conference over to Steve Calk, Vice President of Investor Relations.

Alkami Technology, Inc. (ALKT) Q2 2024 Earnings Call Transcript

Alkami Technology (ALKT) came out with quarterly earnings of $0.04 per share, beating the Zacks Consensus Estimate of $0.02 per share. This compares to loss of $0.03 per share a year ago.

Alkami Technology (ALKT) Q2 Earnings and Revenues Top Estimates

PLANO, Texas , July 31, 2024 /PRNewswire/ -- Alkami Technology, Inc. (Nasdaq: ALKT) ("Alkami"), a leading cloud-based digital banking solutions provider for financial institutions in the U.S., today announced results for its first quarter ending June 30, 2024. Second Quarter 2024 Financial Highlights GAAP total revenue of $82.2 million, an increase of 24.9% compared to the year-ago quarter; GAAP gross margin of 59.4%, compared to 53.9% in the year-ago quarter; Non-GAAP gross margin of 63.2%, compared to 58.7% in the year-ago quarter; GAAP net loss of $(12.3) million, compared to $(17.8) million in the year-ago quarter; and Adjusted EBITDA of $4.6 million, compared to a loss of $(2.5) million in the year-ago quarter.

Alkami Announces Second Quarter 2024 Financial Results

PLANO, Texas , July 18, 2024 /PRNewswire/ -- Alkami Technology, Inc. (Nasdaq: ALKT) ("Alkami"), a leading cloud-based digital banking solutions provider for financial institutions in the U.S., today announced that it plans to report financial results for its second quarter ended June 30, 2024 on Wednesday, July 31, 2024, after the market close. Alkami will host a conference call at 5:00 p.m.

Alkami to Announce Second Quarter 2024 Financial Results

Distinction places Alkami in the top quintile of all companies assessed by J.D. Power mobile experience benchmark PLANO, Texas , July 15, 2024 /PRNewswire/ -- Alkami Technology, Inc. (Nasdaq: ALKT) ("Alkami"), a leading cloud-based digital banking solutions provider for financial institutions in the U.S., announced today that Alkami's Mobile Banking Platform is certified by J.D.

Alkami Becomes First TechFin Certified by J.D. Power for "An Outstanding Mobile Banking Platform Experience"

Credit union continues to bolster its members' digital banking experience PLANO, Texas, July 2, 2024 /PRNewswire/ -- Alkami Technology, Inc. (Nasdaq: ALKT) ("Alkami"), a leading cloud-based digital banking solutions provider for financial institutions in the U.S., today announced that Mountain America Credit Union (MACU) , a top credit union based in Utah, has extended its partnership with Alkami for five more years continuing to leverage the TechFin's digital banking platform and Data & Marketing Solutions . Since originally partnering in 2017 , Alkami has provided MACU's members with state-of-the-art digital banking solutions including digital banking and Data & Marketing Solutions, where MACU can access cleansed data to support their data-driven strategic decision making.

Top 10 Credit Union, Mountain America Credit Union, Extends Partnership with Alkami Technology

More than two-thirds of Americans say they have experienced a significant impact on their standard of living PLANO, Texas , June 26, 2024 /PRNewswire/ -- Alkami Technology, Inc. (Nasdaq: ALKT) ("Alkami"), a leading cloud-based digital  banking solutions provider for financial institutions in the U.S., announced today the release of its latest research, the 2024 Alkami Telemetry Data Report . The report examines the high interest rate environment and its impact on consumers and financial institutions.

Alkami's 2024 Telemetry Data Report Highlights the Effects of a High Interest Rate Environment on Consumers, Financial Institutions

Video campaign demonstrates the role financial institutions play in account holders' financial journeys PLANO, Texas , June 12, 2024 /PRNewswire/ -- Alkami Technology, Inc. (Nasdaq: ALKT) ("Alkami"), a leading cloud-based digital banking solutions  provider for financial institutions in the U.S., announced it's releasing a video campaign highlighting the importance of community financial institutions in the daily lives of their account holders and members. The campaign was developed in partnership with Northwest Federal Credit Union , Connexus Credit Union and Patelco Credit Union , all of which were presented during Alkami Co:lab 2024.

Alkami Celebrates Community Financial Institutions' Banking Stories

Financial institutions using Alkami's Data & Marketing Solutions attain 13X ROI on average PLANO, Texas , June 5, 2024 /PRNewswire/ -- Alkami Technology, Inc. (Nasdaq: ALKT) ("Alkami"), a leading cloud-based digital banking solutions  provider for financial institutions in the U.S., announced that the number of new contracts signed by financial institutions for Alkami's Data & Marketing Solutions have increased a total of 76.5% for 2022 and 2023 combined compared to contract signings for the previous two-year-period (2020 and 2021 combined). This momentum comes as regional and community banks and credit unions face increased pressure to provide a top tier digital banking experience for account holders, and search for innovative marketing, data and artificial intelligence (AI)-driven solutions to help them deliver a digital sales and service platform.

Adoption of Alkami's Data & Marketing Solutions Grows as Demand for Personalized Digital Banking Experiences Increases

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PLANO, Texas, May 24, 2024 (GLOBE NEWSWIRE) -- Alkami Technology, Inc. (Nasdaq: ALKT) (“Alkami”), a leading cloud-based digital banking solutions provider for financial institutions in the U.S., today announced that company executive leadership will present at the William Blair 44th Annual Growth Stock Conference on Tuesday, June 4, 2024. Alex Shootman, chief executive officer and Bryan Hill, chief financial officer, will be presenting. A webcast and replay of the event will be accessible at investors.alkami.com following the conference.

Alkami to Present at William Blair 44th Annual Growth Stock Conference

Alkami Technology is recommended as a buy due to its large market and opportunities for upselling products in the digital banking industry. The company provides white-label banking solutions to credit unions and regional banks, with strong revenue growth and increased user numbers. Upselling products, which has been going well so far, is a key growth engine for ALKT.

Alkami Technology: Good Growth With EBIT Margin Inflecting Upwards

Study finds that millennials are 56% more likely to grow their relationship with their primary financial institution over the next twelve months than Gen Xers and baby boomers PLANO, Texas , May 22, 2024 /PRNewswire/ -- Alkami Technology, Inc. (Nasdaq: ALKT) ("Alkami"), a leading cloud-based digital banking solutions provider for financial institutions in the U.S., announced today the release of its latest research, the Generational Trends in Digital Banking Study . The study comes amidst what has been called the greatest intergenerational wealth transfer in history, with millennials (defined as those ages 28-44) anticipated to be the nation's future wealth holders.

Alkami Releases 2024 Generational Trends in Digital Banking Study

Alkami stock has perked up since the financial software company turned profitable on an adjusted basis late last year.

Financial Software Firm Alkami Gaining Ground With Banks

Recognizing visionary financial institutions shaping the future of banking through progressive digital strategies PLANO, Texas , May 9, 2024 /PRNewswire/ -- Alkami Technology, Inc. (Nasdaq: ALKT) ("Alkami"), a leading cloud-based digital banking solutions  provider for financial institutions in the U.S., announced as a part of its 2024 Co:lab programming, the four honorees of the company's annual FIsionaries™  Awards that highlight innovative initiatives through Alkami's FIsionaries™ podcast. Sponsored by Alkami and hosted by financial services influencer Jim Marous , the podcast shines a light on financial institutions at the bleeding edge of digital transformation.

Alkami Awards Industry-Leading Financial Institutions for Innovation in Digital Banking Excellence

The company proudly honors TechFin developers recognized for their innovation in digital banking PLANO, Texas , May 8, 2024 /PRNewswire/ -- Alkami Technology, Inc. (Nasdaq: ALKT) ("Alkami"), a leading cloud-based digital banking solutions  provider for financial institutions in the U.S., announced the success of its first external TechFin Hackathon, held as part of the Alkami Co:lab 2024 programming. Combining Alkami bank and credit union clients, fintech partners, and system integrators, the event provided a collaborative forum to showcase creativity and develop cutting-edge projects.

Alkami Hosts First External Hackathon; Celebrates Innovation in Digital Banking

PLANO, Texas, May 01, 2024 (GLOBE NEWSWIRE) -- Alkami Technology, Inc. (Nasdaq: ALKT) (“Alkami”), a leading cloud-based digital banking solutions provider for financial institutions in the U.S., today announced results for its first quarter ending March 31, 2024.

Alkami Announces First Quarter 2024 Financial Results

Digital channel spending as a percentage of total IT spend up 3%; Chatbot deployment increased by 15% PLANO, Texas, April 24, 2024 /PRNewswire/ -- Alkami Technology, Inc. (Nasdaq: ALKT) ("Alkami"), a leading cloud-based digital banking solutions  provider for financial institutions in the U.S., announced today the release of its latest research in partnership with Cornerstone Advisors' Ron Shevlin, chief research officer. The Digital Banking Performance Metrics report is compiled from self-reported data collected in fiscal year 2023 from a sample of 81 financial institutions, including 39 banks and 42 credit unions with an average asset size of $4.6 billion.

Alkami Releases Digital Banking Performance Metrics Report in Partnership with Cornerstone Advisors

PLANO, Texas, April 19, 2024 (GLOBE NEWSWIRE) -- Alkami Technology, Inc. (Nasdaq: ALKT) (“Alkami”), a leading cloud-based digital banking solutions provider for financial institutions in the U.S., today announced that it plans to report financial results for its first quarter ended March 31, 2024 on Wednesday, May 1, 2024, after the market close.

Alkami to Announce First Quarter 2024 Financial Results

The company announces four critical capabilities that it will double down on  PLANO, Texas , April 18, 2024 /PRNewswire/ -- Alkami Technology, Inc. (Nasdaq: ALKT) ("Alkami"), a leading cloud-based digital banking solutions  provider for financial institutions in the U.S., announced at its annual 2024 Alkami Co:lab conference, the launch of its latest innovation for clients, the SDK Wizard, "Merlin." This strategic tool is revolutionary in the financial services industry, allowing the developer environment to set up and ramp up in minutes compared to days.

Alkami Launches SDK Wizard "Merlin," Furthering the Company's TechFin Initiative

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Alkami Technology is a US-based fintech company providing digital banking solutions for banks and credit unions. ALKT stock performance has been lackluster since going public in 2021, but it has made a significant rebound over the past year. I expect further investments into improving technology capabilities in FY 2024 to drive down sales and implementation cycle, increasing win rates.

Alkami Technology: Potential Revenue Uplift From Reduced Sales Cycle

SWIVEL's Transaction Enablement Platform™ enables Alkami's clients to provide a seamless, self-serve loan payment experience to their account holders PLANO, Texas , April 2, 2024 /PRNewswire/ -- Alkami Technology, Inc. (Nasdaq: ALKT) ("Alkami"), a leading cloud-based digital banking solutions provider for financial institutions in the U.S., announced today that it has formed a partnership with SWIVEL. Through Alkami's single sign on integration with SWIVEL's Transaction Enablement™ Platform, Alkami's bank and credit union clients can now easily take advantage of SWIVEL's loan payments capabilities, offering their account holders the benefits of greater choice, speed, and flexibility when it comes to their loan payment options.

Alkami and SWIVEL Partner to Provide Financial Institutions with Improved Payments Functionality

Digital Sales & Service Maturity Model Assessment follows Alkami's release of research to measure digital maturity in financial institutions PLANO, Texas, March 20, 2024 /PRNewswire/ -- Alkami Technology, Inc. (Nasdaq: ALKT) ("Alkami"), a leading cloud-based digital banking solutions provider for financial institutions in the U.S., today launched the Alkami Digital Sales & Service Maturity Model Assessment , enabling banks and credit unions to quickly and easily assess their digital maturity, and then arming them with tools to take action on their results. The assessment, which is free to take and available now, is the first of its kind in the financial services industry and was built exclusively for financial institutions.

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