earnings
confidence high
sentiment positive
materiality 0.75
Alkami Q2 revenue $82.2M (+24.9% YoY); adjusted EBITDA turns positive at $4.6M
ALKAMI TECHNOLOGY, INC.
2024-Q2 EPS reported
-$0.24
revenue$158,287,000
- Revenue $82.2M, up 24.9% YoY; subscription revenue grew 28%.
- GAAP net loss narrowed to $(12.3)M from $(17.8)M in Q2 2023.
- Adjusted EBITDA $4.6M, compared to loss of $(2.5)M in prior-year quarter.
- Non-GAAP gross margin 63.2%, up from 58.7% YoY; GAAP gross margin 59.4%.
- Signed 8 new digital banking clients; live registered users 18.6M (+2.7M YoY).