Alkami Q1 revenue $60M (+34% YoY); net loss widens to $17M

ALKAMI TECHNOLOGY, INC.

2023-Q1 EPS reported -$0.18 revenue$59,996,000

GAAP total revenue $60M, up 34% YoY; GAAP net loss $(17)M vs. $(13)M year-ago.
Adjusted EBITDA loss $(3)M vs. $(4)M year-ago; non-GAAP gross margin 58%.
Digital banking users 15.1M (+18% YoY); ARR $240M (+36% YoY); revenue per user $15.88.
FY 2023 guidance: revenue $265M-$268M, adjusted EBITDA loss $(11)M to $(9)M.
Closed 6 new logos; add-on sales >50% of new sales; 42 logos in implementation totaling $47.1M ARR.

item 2.02 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.9

ALKAMI TECHNOLOGY, INC. reported first quarter ending March 31, 2023 results: revenue $60 million, net income $(17) million.

Period: first quarter ending March 31, 2023
Revenue: $60 million
Net income: $(17) million
Result: reported results

Exact text from the filing

for financial institutions in the U.S., today announced results for its first quarter ending March 31, 2023. First Quarter 2023 Financial Highlights • GAAP total revenue of $60 million, an increase of 34% compared to the year-ago quarter; • GAAP gross margin of 54%, compared to 55% in the year-ago quarter; • Non-GAAP gross margin of 58%, compared to 58% in the

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Source: SEC EDGAR

accession 0001529274-23-000086

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