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. provides a cloud-based digital sales and service platform for U.S. banks and credit unions. Its unified Platform integrates onboarding, digital banking, and data and marketing tools, with services delivered primarily through SaaS subscription arrangements.
Alkami news commonly covers quarterly operating results, product and platform enhancements, customer and industry events, and research on retail, business, and commercial digital banking. Updates also include developments in AI-enabled capabilities, open-architecture tools, digital adoption analytics, account opening and onboarding, customer awards, conference participation, and capital actions such as share repurchase authorization.
Alkami Technology, Inc. (Nasdaq: ALKT) announced a new research report titled 2022 Digital Banking Performance Metrics, developed with Cornerstone Advisors. This report analyzes 66 financial institutions to provide a framework for measuring digital performance, revealing the 11 hallmarks of high-performing institutions. Key segments include five critical business metrics and emerging digital metrics outlining successful strategies for banks and credit unions. The study seeks to aid financial executives in optimizing their digital investments.
Alkami Technology, a top cloud-based digital banking solutions provider, will present at key investor conferences. CEO Alex Shootman and CFO Bryan Hill will represent the company at the J.P. Morgan 50th Annual Global Technology, Media and Communications Conference on May 23, 2022, and the William Blair 42nd Annual Growth Stock Conference on June 9, 2022. Webcasts of the events will be available on Alkami's investor relations site. Alkami focuses on helping U.S. financial institutions enhance their digital banking capabilities.
Alkami Technology, Inc. (Nasdaq: ALKT) released a research report highlighting the evolving relationships between financial institutions (FIs) and small businesses (SMBs) post-COVID-19. The report, based on a survey of 400 SMBs, indicates that 53% prioritize technological investments, presenting growth opportunities for FIs. Key insights reveal that the primary financial institution (PFI) relationship is central to SMBs, with many believing future financial services will be offered by traditional banks rather than tech companies. These findings suggest potential for deeper financial relationships as SMBs recover.
Alkami Technology, Inc. (Nasdaq: ALKT) reported a strong first quarter for 2022, with total revenue of $44.8 million, a 35% increase year-over-year. The GAAP gross margin improved to 55%, while non-GAAP gross margin rose to 58%. Although the GAAP net loss widened to ($13.4) million, the adjusted EBITDA loss decreased to ($3.6) million. Alkami ended the quarter with 12.8 million digital banking users, a 28% increase, and achieved $177 million in Annual Recurring Revenue, up 32% from last year.
Alkami Technology, Inc. (Nasdaq: ALKT) will report its first-quarter financial results for the period ending March 31, 2022, on May 5, 2022, after market close. A conference call will follow at 5:00 p.m. ET to discuss the results. Investors can access a live webcast on Alkami's investor relations website. The company provides cloud-based digital banking solutions to U.S. banks and credit unions, helping them grow and adapt in the digital landscape.
Alkami Technology (Nasdaq: ALKT) announces that ORNL Federal Credit Union is implementing the Alkami Platform to enhance its digital banking services. This collaboration aligns with Alkami's strategy to focus on retail and business banking through innovative solutions. The credit union's digital channel has seen a 24.2% increase over two years, contributing to a 57% active participation rate among members. Alkami's CEO highlighted ORNL FCU's leadership in the sector, while the credit union aims to provide advanced services like online loan applications and Bitcoin transactions, further solidifying its digital-first approach.
Alkami Technology, Inc. (Nasdaq: ALKT) announced that Mascoma Bank has selected its digital banking platform for a comprehensive technology overhaul. This partnership with Thought Machine aims to enhance Mascoma's growth and serves as a model for other community banks. The integration will allow for swift market entry and customization via a modern API architecture. Mascoma's leadership emphasizes a digital-first approach to improve customer experience and operational efficiency, marking a significant step in community banking's digital transformation.
Alkami Technology, Inc. (Nasdaq: ALKT) has announced its acquisition of Segmint Inc. for $135.5 million. This strategic move aims to enhance digital banking capabilities for financial institutions (FIs) by merging data insights with Alkami's solutions. The acquisition is projected to expand Alkami's total addressable market by approximately $1 billion and unlock new revenue opportunities. Segmint serves 147 FIs with around 15 million account holders and is expected to contribute $7.0 million in revenue for 2022.
Alkami Technology (Nasdaq: ALKT) announced its annual conference, Co:lab 2022, scheduled for April 25-27, 2022, in Grapevine, TX. The event aims to address digital banking trends and foster collaboration among financial institutions. Keynote speakers include Jason Dorsey, Ron Shevlin, and Brett King, who will share insights into generational engagement, revenue priorities, and fintech innovations. The conference will also feature breakout sessions on topics like bitcoin and digital account opening. Alkami aims to shape the future of digital banking through this collaborative forum.
Alkami Technology, a top provider of cloud-based digital banking solutions, will present at the JMP Securities Technology Conference on March 8, 2022, at 1:30 p.m. PT. CEO Alex Shootman and CFO Bryan Hill will be the presenters. The event will be accessible via a live webcast, with a replay available afterward. Alkami serves over 280 financial institutions, offering a premium digital banking platform designed to enhance client experiences and expand digital communities. The company prioritizes client growth while adapting swiftly to market needs.