Alkami Q3 revenue $67.7M (+27% YoY); adjusted EBITDA positive $0.8M vs -$4.6M prior year

ALKAMI TECHNOLOGY, INC.

2023-Q3 EPS reported -$0.54 revenue$193,462,000

GAAP revenue $67.7M (+27% YoY); GAAP net loss ($15.4M) vs ($20.0M) in prior Q3.
Non-GAAP gross margin 58.7% up from 56.8%; adjusted EBITDA $0.8M vs ($4.6M).
Digital banking users 16.9M (+23%); Annual Recurring Revenue $275M (+29%).
Revenue per user $16.28; added 7 new digital banking clients in Q3, 23 YTD.
35 clients in implementation representing $42M in 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 0.99

ALKAMI TECHNOLOGY, INC. reported third quarter ending September 30, 2023 results: revenue $67.7 million, net income ($15.4) million.

Period: third quarter ending September 30, 2023
Revenue: $67.7 million
Net income: ($15.4) million
Result: reported results

Exact text from the filing

for financial institutions in the U.S., today announced results for its third quarter ending September 30, 2023. Third Quarter 2023 Financial Highlights • GAAP total revenue of $67.7 million, an increase of 27% compared to the year-ago quarter; • GAAP gross margin of 54.0%, compared to 51.6% in the year-ago quarter; • Non-GAAP gross margin of 58.7%, compared to 56.8%

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Source: SEC EDGAR

accession 0001529274-23-000184

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