secwatch.observer — SEC 8-K summary
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Issuer:     ALKAMI TECHNOLOGY, INC. (ALKT)
CIK:        0001529274
Form:       8-K
Filed at:   2024-05-01T23:59:59+00:00
Accession:  0001529274-24-000093
Event type: earnings
Sentiment:  positive
Materiality: 0.75
Item codes: 2.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Alkami Q1 revenue $76.1M (+26.9% YoY); Adjusted EBITDA turns positive at $3.8M
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- GAAP revenue $76.1M, up 26.9% YoY; GAAP net loss improved to $(11.4)M from $(17.0)M.
- Adjusted EBITDA $3.8M vs $(2.9)M loss in prior year; non-GAAP gross margin 61.7% (+360 bps).
- Annual Recurring Revenue $303M (+26.1% YoY); live registered users 18.1M (+20% YoY).
- Largest client (top 10 credit union) renewed; total contract value more than doubled, extended 5 years.
- Provided 2024 financial outlook; hosted record user conference with 800+ attendees from 220 FIs.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1529274/000152927424000093/0001529274-24-000093-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1529274/000152927424000093/alk-20240501.htm
  HTML page:      https://secwatch.observer/filing/0001529274-24-000093

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