Alkami Technology, Inc. Stock Price, News & Analysis

Alkami Technology Inc. (Nasdaq: ALKT) announced its 2021 Virtual Client Conference scheduled for September 14, aiming to address key issues in digital banking. CEO Mike Hansen highlighted the need for financial institutions to adapt in a rapidly changing landscape. The conference will feature interactive sessions, networking opportunities, and insights from industry leaders. A primary research report on user experience in digital banking will be unveiled, indicating that over 80% of consumers prioritize quality online banking. Alkami serves more than 260 financial institutions with a focus on digital transformation.

Alkami Technology reported strong Q2 2021 results with GAAP revenues of $36.7 million, up 38% year-over-year. Gross margin expanded significantly to 55.9%, while the net loss increased to ($11.4) million. The company added over 740,000 digital banking users, achieving a total of 10.7 million users and annual recurring revenue of $144.7 million with revenue per user at $13.48. Alkami's focus on innovation and market expansion positions it for future growth.

Alkami Technology, Inc. (Nasdaq: ALKT), a provider of cloud-based digital banking solutions, announced participation in two upcoming investor conferences. The KeyBanc Capital Markets Future of Technology Series will feature CEO Mike Hansen, CFO Bryan Hill, and VP Rhett Butler on August 10, 2021. Additionally, on August 18, 2021, Hill and Butler will engage in one-on-one meetings at the Needham & Company 3rd Annual Virtual FinTech & Digital Transformation Conference. A webcast of the KeyBanc presentation will be available on the Alkami investor relations page.

Alkami Technology Inc. (Nasdaq: ALKT) plans to report its second-quarter financial results for the period ending June 30, 2021, on August 4, 2021, after market close. A conference call will be held at 5:00 p.m. ET the same day to discuss the results. Alkami is recognized as a leading provider of cloud-based digital banking solutions for U.S. financial institutions, serving over 240 clients. The upcoming earnings report is highly anticipated by investors, providing insights into Alkami's growth and performance in the competitive digital banking landscape.

Alkami Technology (Nasdaq: ALKT), a provider of cloud-based digital banking solutions, announced that CEO Mike Hansen will present at two investor conferences. The conferences are the J.P. Morgan Global TMC Week on May 24, 2021, and the William Blair 41st Annual Growth Stock Conference on June 1, 2021. A webcast of the presentations will be available on Alkami’s investor relations website. With over 240 financial institution clients, Alkami's platform supports the growth and adaptation of digital banking strategies.

Alkami Technology (NASDAQ: ALKT) reported a strong first quarter ending March 31, 2021, with total revenue of $33.3 million, up 43% year-over-year. Gross margins expanded significantly, with GAAP gross margin at 53.4% and non-GAAP at 54.5%. Despite a GAAP net loss of ($10.9) million, the Adjusted EBITDA loss improved to ($6.1) million. The company saw growth in annual recurring revenue to $134 million and a 28% increase in registered users, reaching 10 million.

Alkami Technology (Nasdaq: ALKT), a cloud-based digital banking solutions provider, announced a partial early lock-up release for its common stock. The restricted period for 15% to 25% of shares, held by directors, officers, and significant stockholders, will end on May 14, 2021. Approximately 14.3 million shares will be eligible for public trading, subject to meeting certain trading price conditions. The release will also apply to additional shares after Alkami's earnings release for Q2 2021. Overall, the platform serves over 240 U.S. financial institutions, enhancing their digital banking capabilities.

Alkami Technology Inc. (Nasdaq: ALKT) announced a long-term contract with Liberty Bank of Middletown, Connecticut, a bank with over $7 billion in assets. This partnership aims to enhance Liberty Bank's digital banking capabilities and provide customers with a seamless experience through the Alkami Platform. Liberty Bank seeks to innovate and meet customer demands for personalized banking. Alkami's CEO expressed enthusiasm about the collaboration, emphasizing the alignment of visions between the two organizations.

Alkami Technology, Inc. (Nasdaq: ALKT) will report its first quarter financial results for the period ending March 31, 2021, on May 11, 2021, after market close. Following the release, a conference call will take place at 5:00 p.m. ET to discuss the results with investors. Alkami, a digital banking solutions provider, serves over 225 financial institutions in the U.S. Notably, it has been recognized in the Deloitte Technology Fast 500 for three consecutive years from 2018 to 2020.