Helping banks and credit unions assess and advance their business banking digital strategies PLANO, Texas, Jan. 23, 2025 /PRNewswire/ -- Alkami Technology, Inc. (Nasdaq: ALKT) ("Alkami"), a leading cloud-based digital banking solutions provider for financial institutions in the U.S., announced today the launch of its Business Banking Digital Maturity Assessment. Built only for financial institutions, this first-of-its-kind innovative tool was derived from a recent study that was published in partnership wit ...

Company Performance - Alkami Technology (NASDAQ: ALKT) is currently trading at $34.7, significantly below its 2021 high of $47.7 [1] - The company achieved over 40% gains last year, outperforming the S&P 500 [1] Analyst Background - The analyst has 25 years of investing experience and a background in IT, serving as the Director of Keylogin InfoTech [1] - The analyst's research is analytics-driven and frequently utilizes charts to support positions [1] - The analyst has experience in virtualization, cloud, and telecommunications, having worked as a team leader and project lead in telcos [1] Investment Approach - The analyst adopts a moderate investment strategy, focusing on capital preservation and direction, influenced by losses during the Global Financial Crisis [1] - The analyst's investment journey began with mutual and indexed funds before transitioning to individual stocks, gaining significant experience during the 2008/2009 crash [1] Research Focus - The analyst writes on themes such as automated supply chains, Generative AI, telcos Capex, the deflationary nature of software, and semiconductors, often taking a contrarian approach [1] - The analyst also covers biotechs with a "techbio" focus [1]

A webinar will be hosted by Alkami in conjunction with bank and credit union experts to explore innovative business banking solutions and strategiesPLANO, Texas, Jan. 16, 2025 /PRNewswire/ -- Alkami Technology, Inc. (Nasdaq: ALKT) ("Alkami"), a leading cloud-based digital banking solutions provider for financial institutions in the U.S., has identified five key business banking trends for 2025. These highlight opportunities for financial institutions to adapt to evolving business client expectations, streng ...

Enhancing the member experience with digital card capabilities that empower members to transact with ease and strengthen payment security PLANO, Texas, Jan. 10, 2025 /PRNewswire/ -- Alkami Technology, Inc. (Nasdaq: ALKT) ("Alkami"), a leading cloud-based digital banking solutions provider for financial institutions in the U.S., proudly announces its successful collaboration with NASA Federal Credit Union (NASA FCU) to modernize and optimize its digital banking experience for members by introducing push prov ...

Financial institutions can leverage advanced data analytics in banking with specialized data insightsPLANO, Texas, Dec. 4, 2024 /PRNewswire/ -- Alkami Technology, Inc. (Nasdaq: ALKT) ("Alkami"), a leading cloud-based digital banking solutions provider for financial institutions in the U.S., announced the latest innovation in its Data & Marketing Solutions platform. With this enhancement, Alkami has strengthened its industry-leading behavioral data tag suite to empower financial institutions with deeper acco ...

Survey reveals four segments of business banking digital maturity in financial institutions and key growth opportunitiesPLANO, Texas, Nov. 20, 2024 /PRNewswire/ -- Alkami Technology, Inc. (Nasdaq: ALKT) ("Alkami"), a leading cloud-based digital banking solutions provider for financial institutions in the U.S., in partnership with industry expert Jim Marous and the Emerald Research Group, announced today the release of a comprehensive new study on business digital maturity in banking. The study surveyed 150 ...

Investors in Alkami Technology, Inc. (ALKT) need to pay close attention to the stock based on moves in the options market lately. That is because the Dec 20, 2024 $15 Put had some of the highest implied volatility of all equity options today.What is Implied Volatility?Implied volatility shows how much movement the market is expecting in the future. Options with high levels of implied volatility suggest that investors in the underlying stocks are expecting a big move in one direction or the other. It could a ...

Cincinnati-based credit union will deliver enhanced experience with new digital banking platform for both retail and business membersPLANO, Texas, Nov. 7, 2024 /PRNewswire/ -- Alkami Technology, Inc. (Nasdaq: ALKT) ("Alkami"), a leading cloud-based digital banking solutions provider for financial institutions in the U.S., announced today that Kemba Credit Union, a Cincinnati, Ohio-based credit union, has partnered with Alkami to launch its digital banking solution for both retail and business members. Alkam ...

Recognition follows Alkami's J.D. Power certification for its Mobile Banking PlatformPLANO, Texas, Nov. 6, 2024 /PRNewswire/ -- Alkami Technology, Inc. (Nasdaq: ALKT) ("Alkami"), a leading cloud-based digital banking solutions for financial institutions in the U.S., today announced it has been listed as the top digital banking provider in credit union market share based on the number of enrolled mobile users by FI Navigator, a leading U.S. banking vertical data and analytics company. FI Navigator data also ...

Financial Performance - Total revenues for the three months ended September 30, 2024, were $85.9 million, a 26.9% increase from $67.7 million in the same period of 2023[71]. - For the nine months ended September 30, 2024, total revenues were $244.2 million, representing a 26.2% increase from $193.5 million in the same period of 2023[71]. - Revenues for the three months ended September 30, 2024, were $85.9 million, an increase of $18.2 million or 26.9% compared to $67.7 million in 2023[98]. - Revenues for the nine months ended September 30, 2024, were $244.2 million, an increase of $50.7 million or 26.2% compared to $193.5 million in 2023[98]. - SaaS subscription revenues accounted for 95.5% of total revenues for the three months ended September 30, 2024, compared to 95.7% in the same period of 2023[71]. - SaaS subscription services revenue for the nine months ended September 30, 2024, was $233,437,000, up 27% from $183,446,000 in 2023[80]. - Adjusted EBITDA for the three months ended September 30, 2024, was $8,318,000, compared to $826,000 in the same period of 2023[93]. - Adjusted EBITDA for the three and nine months ended September 30, 2024, was $8.3 million and $16.7 million, respectively, compared to $0.8 million and $(4.6) million for the same periods in 2023[94]. Expenses - The company incurred net losses of $9.4 million and $33.2 million for the three and nine months ended September 30, 2024, respectively[71]. - Research and development expenses represented 28.1% of revenues for the three months ended September 30, 2024[77]. - Research and development expenses for the three months ended September 30, 2024, were $24,133,000, an increase from $21,755,000 in 2023[91]. - Sales and marketing expenses for the nine months ended September 30, 2024, totaled $45,213,000, up from $36,694,000 in 2023[91]. - Sales and marketing expenses increased by $2.5 million or 20.7% for the three months ended September 30, 2024, driven by higher personnel-related costs[108]. - General and administrative expenses increased by $3.9 million or 21.1% for the three months ended September 30, 2024, mainly due to higher personnel-related and software costs[110]. - Cost of revenues for the three months ended September 30, 2024, was $35,289,000, up from $31,153,000 in 2023[91]. - Cost of revenues increased by $4.1 million or 13.3% for the three months ended September 30, 2024, leading to a gross margin of 58.9%, up from 54.0% in 2023[102]. Client Metrics - As of September 30, 2024, Alkami served 266 financial institutions (FIs) through its Digital Banking Platform[74]. - Client renewals for the three and nine months ended September 30, 2024, were 14 and 26, respectively[76]. - Annual Recurring Revenue (ARR) increased to $342.1 million as of September 30, 2024, up $67.1 million or 24.4% from $275.0 million in 2023[95]. - Registered users grew to 19.5 million as of September 30, 2024, an increase of 2.6 million or 15.4% from 16.9 million in 2023[96]. - Revenue per Registered User (RPU) increased to $17.54 as of September 30, 2024, up $1.26 or 7.7% from $16.28 in 2023[97]. Cash Flow and Financing - Net cash provided by operating activities for the nine months ended September 30, 2024, was $12.5 million, compared to a net cash used of $12.2 million for the same period in 2023[121][122]. - Net cash provided by investing activities was $26.0 million for the nine months ended September 30, 2024, compared to a net cash used of $16.4 million for the same period in 2023[124][125]. - Net cash provided by financing activities was $1.5 million for the nine months ended September 30, 2024, compared to a net cash used of $4.8 million for the same period in 2023[126][127]. - As of September 30, 2024, the company had $101.0 million in cash and cash equivalents and marketable securities, with an accumulated deficit of $468.6 million[118]. - The company entered into a Second Amendment to its Amended Credit Agreement, increasing the Revolving Facility commitment by $65.0 million to a total of $125.0 million[128]. - The company has no outstanding borrowings related to the Amended Credit Agreement as of September 30, 2024[128]. - Total interest expense for the nine months ended September 30, 2024, was $0.3 million, a decrease from $5.5 million for the same period in 2023[133]. - The company was in compliance with all covenants under the Amended Credit Agreement as of September 30, 2024[132]. Future Outlook - The company expects to continue increasing investments in implementation, client support teams, and technology infrastructure to support growth[83]. - The effective tax rate is impacted by a valuation allowance against deferred tax assets, primarily consisting of state income taxes and deferred taxes related to acquired goodwill[90]. - The company is expected to cease qualifying as an emerging growth company as of December 31, 2024, based on the market value of its common stock held by non-affiliates[141].