Welcome to our dedicated page for Alkami Technology news (Ticker: ALKT), a resource for investors and traders seeking the latest updates and insights on Alkami Technology stock.
Alkami Technology, Inc. (Nasdaq: ALKT) is a technology company that provides a digital sales and service platform for U.S. banks and credit unions, and its news flow reflects this focus on digital banking, onboarding, and data-driven engagement. Company announcements highlight developments across the Alkami Platform, including enhancements for developers, new solution launches, and updates to its partner ecosystem.
Recent news includes the launch of the One-Click Software Development Kit (SDK) Manager, a self-service deployment tool for developers building on the Alkami Digital Banking Platform. Alkami has also introduced Alkami Foundry, a centralized hub for technology leaders, developers, and fintech partners who want deeper insight into the Platform, engineering practices, and integrations. These updates illustrate how Alkami communicates changes that affect developer experience and extensibility.
Alkami’s news also covers solution adoption and partnerships. The company has reported that more than 500 financial institutions are live with its Positive Pay Solutions, reflecting demand for ACH and check fraud protection and commercial onboarding workflows. MANTL, an Alkami solution team focused on loan and deposit account opening, appears frequently in news about partnerships with banks and technology providers, including collaborations that integrate identity, fraud prevention, and real-time liability data into account opening and loan origination.
In addition, Alkami regularly announces details about Alkami Co:lab, its multi-day conference for financial institution leaders and partners. News items describe breakout tracks, keynote speakers, and sessions such as Women in Banking, emphasizing themes like Anticipatory Banking, security and compliance, data and marketing, and the technology powering digital banking. Investors and industry observers can use the ALKT news feed to follow product updates, customer milestones, partnerships, and event-related announcements from the company.
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.