Alkami Technology (ALKT) came out with quarterly earnings of $0.04 per share, beating the Zacks Consensus Estimate of $0.02 per share. This compares to loss of $0.03 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of 100%. A quarter ago, it was expected that this provider of digital banking services would post earnings of $0.02 per share when it actually produced earnings of $0.04, delivering a surprise of 100%.Over the last four ...

Exhibit 99.1 Alkami Announces Second Quarter 2024 Financial Results PLANO, Texas, July 31, 2024 (PRNewswire) -- Alkami Technology, Inc. (Nasdaq: ALKT) ("Alkami"), a leading cloud-based digital banking solutions provider for financial institutions in the U.S., today announced results for its first quarter ending June 30, 2024. Second Quarter 2024 Financial Highlights • GAAP total revenue of $82.2 million, an increase of 24.9% compared to the year-ago quarter; • GAAP gross margin of 59.4%, compared to 53.9% i ...

PLANO, Texas, July 31, 2024 /PRNewswire/ -- Alkami Technology, Inc. (Nasdaq: ALKT) ("Alkami"), a leading cloud-based digital banking solutions provider for financial institutions in the U.S., today announced results for its first quarter ending June 30, 2024.Second Quarter 2024 Financial HighlightsGAAP total revenue of $82.2 million, an increase of 24.9% compared to the year-ago quarter;GAAP gross margin of 59.4%, compared to 53.9% in the year-ago quarter;Non-GAAP gross margin of 63.2%, compared to 58.7% in ...

PLANO, Texas, July 18, 2024 /PRNewswire/ -- Alkami Technology, Inc. (Nasdaq: ALKT) ("Alkami"), a leading cloud-based digital banking solutions provider for financial institutions in the U.S., today announced that it plans to report financial results for its second quarter ended June 30, 2024 on Wednesday, July 31, 2024, after the market close.Alkami will host a conference call at 5:00 p.m. ET the same day to discuss its financial results with investors. A live webcast of the event will be available on the " ...

Distinction places Alkami in the top quintile of all companies assessed by J.D. Power mobile experience benchmarkPLANO, Texas, July 15, 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 Alkami's Mobile Banking Platform is certified by J.D. Power for providing clients with "An Outstanding Mobile Banking Platform Experience."Alkami is the first digital banking solutions p ...

Credit union continues to bolster its members' digital banking experiencePLANO, Texas, July 2, 2024 /PRNewswire/ -- Alkami Technology, Inc. (Nasdaq: ALKT) ("Alkami"), a leading cloud-based digital banking solutions provider for financial institutions in the U.S., today announced that Mountain America Credit Union (MACU), a top credit union based in Utah, has extended its partnership with Alkami for five more years continuing to leverage the TechFin's digital banking platform and Data & Marketing Solutions.S ...

Core Insights - The 2024 Alkami Telemetry Data Report reveals significant impacts of the high interest rate environment on U.S. consumers and financial institutions, with over two-thirds of Americans reporting a decline in their standard of living [1][2]. Consumer Trends - 67% of digital banking Americans indicate that rising interest rates have significantly affected their standard of living, and 59% are living paycheck to paycheck [2]. - Mortgage originations have decreased sharply, with a 72.5% decline in December 2023 compared to December 2020, while mortgage loan principal has increased by 42% during the same period [2]. - The average drawn balance on Home Equity Lines of Credit (HELOCs) rose by 31.7% from December 2021 to December 2023 [2]. - New car buyers in December 2023 are paying $323 more per month for auto loans, a 57.1% increase compared to December 2019 [2]. - The number of Certificate of Deposit (CD) openings in Q1 2023 was 10.8 times higher than in Q4 2021, with 87.7% of CD balances maturing by the end of 2024 [2]. - Average credit card payments have risen to $2,376 in 2023, marking a 19% increase over pre-pandemic levels [2]. - There were 5.17 times more Buy Now Pay Later (BNPL) users in 2023 compared to 2019 [2]. Implications for Financial Institutions - The report highlights trends in consumer deposits and credit products, emphasizing the need for regional and community banks and credit unions to adapt to changing consumer behaviors [2]. - Financial institutions can leverage Alkami's tools, such as the Digital Sales & Service Maturity Model Assessment, to enhance customer loyalty and improve digital banking experiences [3].

Video campaign demonstrates the role financial institutions play in account holders' financial journeys PLANO, Texas, June 12, 2024 /PRNewswire/ -- Alkami Technology, Inc. (Nasdaq: ALKT) ("Alkami"), a leading cloud-based digital banking solutions provider for financial institutions in the U.S., announced it's releasing a video campaign highlighting the importance of community financial institutions in the daily lives of their account holders and members. The campaign was developed in partnership with Northw ...

Financial institutions using Alkami's Data & Marketing Solutions attain 13X ROI on averagePLANO, Texas, June 5, 2024 /PRNewswire/ -- Alkami Technology, Inc. (Nasdaq: ALKT) ("Alkami"), a leading cloud-based digital banking solutions provider for financial institutions in the U.S., announced that the number of new contracts signed by financial institutions for Alkami's Data & Marketing Solutions have increased a total of 76.5% for 2022 and 2023 combined compared to contract signings for the previous two-year- ...

Buying the dips and acquiring shares of a proven company on short-term declines has been a successful strategy over the long-term. When investors look back five or 10 years from now, the opportunities which presented themselves during the Great Recession, the COVID trough, or even the recent downturn in 2022 were worth buying. Of course, it may not have felt that way at the time. But that’s why buying undervalued stocks with solid future prospects is important to do in good times and bad.I think these under ...