earnings
confidence high
sentiment positive
materiality 0.75
Alkami Q3 revenue $53.4M (+34% YoY); net loss widens to $(20.0)M; ARR $214M (+38%)
ALKAMI TECHNOLOGY, INC.
2022-Q3 EPS reported
-$0.59
revenue$148,732,000
- GAAP revenue $53.4M (+34% YoY); GAAP net loss $(20.0)M vs $(11.2)M; Adjusted EBITDA loss improved to $(4.6)M from $(6.1)M
- Ended Q3 with 13.7M digital banking users (+20% YoY), ARR $214M (+38%), and revenue per user $15.57
- Added 10 new logos in Q3; 22 YTD (15 credit unions, 7 banks); 40 logos in implementation with $43M ARR backlog
- Add-on sales represented over 34% of new sales YTD, driving expansion and client retention