secwatch.observer — SEC 8-K summary
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Issuer:     ALKAMI TECHNOLOGY, INC. (ALKT)
CIK:        0001529274
Form:       8-K
Filed at:   2021-11-04T23:59:59+00:00
Accession:  0001529274-21-000082
Event type: earnings
Sentiment:  positive
Materiality: 0.80
Item codes: 2.02, 5.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Alkami Q3 revenue $39.8M (+37% YoY); appoints Alex Shootman as CEO
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- GAAP revenue $39.8M (+37% YoY); GAAP net loss ($11.2M) improved from ($21.3M) YoY.
- Non-GAAP gross margin 57.9% (+520 bps YoY); added 675k digital banking users to 11.4M total.
- Adjusted EBITDA loss ($6.1M) vs ($5.4M) prior year; annual recurring revenue $155M.
- Alex Shootman appointed CEO effective Nov 5; replaces Mike Hansen who remains advisor and on board.
- Shootman previously CEO of Workfront; receives 1M RSUs, $450k base salary, 100% target bonus.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1529274/000152927421000082/0001529274-21-000082-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1529274/000152927421000082/alk-20211104.htm
  HTML page:      https://secwatch.observer/filing/0001529274-21-000082

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer