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. (ALKT) delivers cloud-based digital banking solutions that empower financial institutions to modernize their services. This page provides investors and industry professionals with direct access to official company announcements and market-relevant developments.
Track Alkami's latest press releases, including platform enhancements, strategic partnerships, and financial performance updates. Our curated collection ensures timely access to earnings reports, product innovation announcements, and cybersecurity initiatives critical for evaluating the company's position in the fintech sector.
Key focus areas include cloud platform upgrades, data analytics advancements, and compliance-related developments. Users will find updates on digital account opening solutions, mobile banking features, and integrations supporting financial institutions' operational efficiency.
Bookmark this page for streamlined monitoring of Alkami's progress in transforming digital banking experiences. Return regularly to stay informed about new service launches, executive leadership updates, and industry recognition that shapes the company's market trajectory.
Alkami Technology (Nasdaq: ALKT) has announced the pricing of $300 million convertible senior notes due 2030 in a private offering to qualified institutional buyers. The notes will carry a 1.50% annual interest rate, payable semi-annually, with an initial conversion price of $32.82 per share, representing a 37.5% premium over the last reported share price of $23.87.
The company estimates net proceeds of approximately $290.3 million, which will be used to fund capped call transactions ($29.5 million) and the pending acquisition of MANTL. The notes will mature on March 15, 2030, with noteholders having conversion rights under certain conditions. Alkami will have the option to settle conversions through cash, common stock, or a combination of both.
The company has also entered into capped call transactions to reduce potential dilution and offset potential cash payments above the principal amount of converted notes. The cap price is set at $47.74 per share, representing a 100% premium over the current stock price.
Alkami Technology (Nasdaq: ALKT) has announced its intention to offer $300 million in convertible senior notes due 2030 through a private offering to qualified institutional buyers. The company will grant initial purchasers an option for an additional $45 million in notes.
The notes will be senior, unsecured obligations with semi-annual interest payments, convertible under certain conditions into cash, common stock, or a combination thereof. They will be redeemable after March 20, 2028, if Alkami's stock price exceeds 130% of the conversion price.
The proceeds will fund capped call transactions and the pending acquisition of MANTL (Fin Technologies), with any remainder for general corporate purposes. The capped call transactions aim to reduce potential dilution from note conversions and offset potential cash payments above the principal amount of converted notes.
Alkami Technology (Nasdaq: ALKT) has announced a new partnership with Connecticut-based American Eagle Financial Credit Union (AEFCU) to implement Alkami's Digital Banking Platform. The collaboration aims to enhance AEFCU's digital-first strategy by providing members with a more streamlined and personalized banking experience.
The partnership will integrate Alkami's Data & Marketing Solutions to enable personalized member interactions, support financial wellness, and deliver targeted communications. AEFCU will leverage the platform's data-driven capabilities to create focused marketing campaigns for specific account holder audiences, aiming to impact growth, revenue, and share of wallet.
The implementation will allow AEFCU to seamlessly integrate with fintech partners and provide advanced digital banking tools to its growing member base. Alkami's platform, which has been certified by J.D. Power for providing 'An Outstanding Mobile Banking Platform Experience,' will help AEFCU deliver a modern banking experience that differentiates them in the marketplace.
Alkami Technology (Nasdaq: ALKT) has announced the acquisition of MANTL for an enterprise value of $400 million. The deal will be funded with approximately $380 million in cash and $13 million in restricted stock units for MANTL employees.
MANTL is a premier account opening solution that enables financial institutions to acquire customers across all channels. The platform serves 112 financial institutions with assets ranging from $80 million to over $20 billion, helping them raise over $31 billion in deposits while saving 350,000 employee hours through automation.
Key performance metrics include:
- Retail account opening time under 5 minutes (3x faster than national benchmark)
- Business account opening in under 10 minutes (vs. industry average of 3.5 hours)
- 85% of applications receive automated decisions
The acquisition is expected to close by March 31, 2025, subject to standard conditions. This combination creates an industry-leading digital sales and services platform, complementing Alkami's existing digital banking and data & marketing solutions.
Alkami Technology (NASDAQ: ALKT) reported strong Q4 2024 results with total revenue of $89.7 million, up 25.6% year-over-year. The company's GAAP gross margin improved to 59.3% from 56.0% in Q4 2023, while GAAP net loss narrowed to $(7.6) million from $(12.7) million.
For full-year 2024, Alkami achieved total revenue of $333.8 million, a 26.1% increase from 2023, with Adjusted EBITDA of $26.9 million compared to $(1.6) million in 2023. The company added 2.5 million registered users, reaching 20 million total users.
Notably, Alkami announced plans to acquire MANTL for $400 million, strengthening its position in digital banking solutions. The company provided 2025 guidance, projecting full-year revenue between $440-445 million and Adjusted EBITDA of $47-51 million. MANTL is expected to contribute approximately $30 million in revenue starting Q2 2025.
Alkami Technology (Nasdaq: ALKT) has partnered with Financial Center First Credit Union to enhance their digital banking experience. The collaboration enables Financial Center to implement a dual-branded strategy, serving both its primary membership and Ball State Financial through Alkami's Digital Banking Platform.
The platform delivers distinct branding and personalized experiences for different member segments, combining Data & Marketing Solutions for streamlined offers based on transaction behavior. Key features include:
- User-friendly interface for retail and business members
- Automated clearing house (ACH) processing
- Seamless integration across banking services
- Scalable architecture for future growth
The implementation aims to improve account management efficiency, increase member satisfaction, and support long-term growth through adaptable features and services. Alkami's platform has been certified by J.D. Power for providing 'An Outstanding Mobile Banking Platform Experience.'
Alkami Technology (Nasdaq: ALKT) has announced details for its annual conference, Alkami Co:lab 2025, featuring six specialized breakout tracks focused on digital banking, business banking, data and marketing, security and compliance, technology, and professional development. The conference will showcase over 40 expert speakers from Alkami's customer base, partners, and industry experts.
The event will offer attendees the opportunity to earn Certified Treasury Professional (CTP) credits through sessions covering positive pay, payments, and deposit growth strategies. Featured speaker Char Sears from Unitus Community Credit Union will share insights on AI-driven fraud risks and security innovation using Alkami's Digital Banking Platform.
The conference will include general sessions, roundtable discussions, hands-on workshops, and an Innovation Lab featuring exhibitors from Alkami and their partner ecosystem.
Alkami Technology (Nasdaq: ALKT), a cloud-based digital banking solutions provider, has scheduled its fourth quarter 2024 financial results announcement for Thursday, February 27, 2025, after market close. The company will host a conference call at 5:00 p.m. ET the same day to discuss the results with investors.
The event will be accessible via a live webcast on Alkami's investor relations website at investors.alkami.com. Additionally, participants can join through a live dial-in available domestically (1-800-836-8184) and internationally (1-646-357-8785) using conference code 39894. A webcast replay will be made available on the company's investor relations website.
Alkami Technology (Nasdaq: ALKT) has announced its 3rd annual Women in Banking event to be held during the Alkami Co:lab 2025 conference in Nashville, TN. The initiative focuses on three key pillars: Engage, Network, and Grow, aiming to empower women in the financial services sector through leadership development and digital banking innovation.
The program has evolved into a transformative movement, providing professional development opportunities across various banking disciplines. According to research cited in the announcement, organizations with diverse leadership teams in the top quartile are 39% more likely to outperform their peers financially. The initiative includes year-round activities such as virtual events, videos, and thought leadership content.
Alkami Technology (NASDAQ: ALKT) announces its premier digital banking event, Alkami Co:lab 2025, scheduled for March 31 - April 2, 2025, in Nashville, TN. The conference will feature over 40 speakers from leading financial institutions, including keynote speaker Jason Dorsey, co-founder of The Center for Generational Kinetics.
The event will bring together community banks, credit unions, fintech providers, consultants, and analyst firms to explore digital banking strategies, business banking growth, data-driven marketing, security, and compliance. Professional development opportunities include sessions offering Certified Treasury Professional (CTP)/Certified Cash Manager (CCM) credits.
Notable speakers include Allison Cerra, Alkami's CMO, who will host an industry panel featuring experts from Unconventional Ventures, Market Insights, Inc., and J.D. Power to discuss banking trends, financial literacy, and artificial intelligence.
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