Alkami Technology

Alkami Technology, Inc. provides digital banking software solutions to credit unions, banks, credit union service organizations, and service bureaus. The firm offers content management and online & mobile banking suite that brings together for a snapshot view of accounts with recent and upcoming activities. The company was founded by Louis A. Iannaccone, Scott Klososky, Steve Meston, Gary L. Nelson, Gruenewald Bobby, Jay Lackey, Stephen Bohanon, and Kim Stroh in 2009 and is headquartered in Plano, TX.

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Alkami Technology reports robust Q4 growth and eyes profitability in 2023

Alkami's Q4 2022 performance showcased strong revenue growth and user acquisition, aligning with strategic goals.
The company's focus on technology, user experience, and market expansion positions it for future success.
Challenges include balancing growth targets with profitability and navigating the evolving M&A landscape.
Opportunities lie in expanding gross margins, driving user growth, and leveraging add-on sales for revenue generation.

Alkami Technology reports robust Q1 growth, eyes profitability amid challenges

Alkami Technology's Q1 2023 showcased strong revenue growth and user base expansion, aiming for profitability by year-end.
While facing EBITDA loss challenges, the company's focus on digital banking experience and client data offers growth avenues.
Balancing revenue targets, market mix, and product innovation will be key for Alkami to capitalize on market opportunities and overcome challenges.

Alkami Technology reports robust Q2 growth and eyes strategic expansion

Alkami Technology's Q2 2023 performance reflects strong revenue growth and user expansion, underpinned by a solid cash position and strategic sales efforts.
While challenges exist in achieving profitability and client renewals, the company's focus on operational efficiency and market competitiveness bodes well for future success.
Opportunities in user acquisition, M&A activities, and product innovation present avenues for Alkami to further solidify its position in the digital solutions market.

Alkami Technology excels in Q3, eyes digital banking growth

Alkami Technology's strong Q3 performance and strategic focus on digital banking underscore its market position and growth potential.
While facing competition and contract renewal challenges, the company's innovation, client-centric approach, and revenue projections signal resilience.
Opportunities lie in leveraging digital banking trends, expanding product capabilities, and targeting tech-savvy clients for sustained growth.
With accelerating revenue growth expected in Q4 2023 and a commitment to enhancing user experience, Alkami is poised for continued success in the digital banking landscape.

Alkami Technology excels in Q4, eyes equal client mix by 2026

Alkami Technology's Q4 2023 performance was robust, exceeding revenue targets and focusing on client relationships and growth.
The company faces challenges in aligning product roadmaps between bank and credit union clients and aims for equal client composition by 2026.
Opportunities lie in leveraging data for AI capabilities, driving down costs, and focusing on product-market fit for sustained success.
Overall, Alkami's strategic focus on client satisfaction, innovation, and market demand positions them for continued growth and success.

Alkami Technology excels in Q1, poised for growth and innovation

Alkami Technology's Q1 2024 performance reflects strong revenue growth, robust client base expansion, and a focus on innovation through its data platform.
The company's strengths lie in its competitive edge in the digital banking space, diverse product offerings, and significant room for further client adoption.
While facing challenges in meeting evolving client demands and maintaining profitability, Alkami is well-positioned to leverage opportunities in client acquisition, technology adoption, and product development.

Alkami Technology excels in Q2, eyes growth in digital banking

Alkami Technology's Q2 2024 performance reflects strong revenue growth, operational improvements, and market expansion, underpinned by industry recognition and strategic investments.
While facing challenges in meeting financial targets and margin goals, the company's focus on innovation, market penetration, and executive leadership sets the stage for continued growth.
With a solid sales pipeline, a clear growth strategy, and a commitment to enhancing customer experience, Alkami is well-positioned to capitalize on market opportunities and drive future success.

Alkami Technology excels in Q3, eyes data tech for growth

Alkami Technology's Q3 2024 performance reflects robust growth, operational efficiency, and strategic client acquisitions.
The company's focus on data technology as a growth driver and its strong financial position position it well for future opportunities.
While challenges like margin targets and market competition exist, Alkami's strengths and opportunities signal a promising trajectory.

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Survey reveals four segments of business banking digital maturity in financial institutions and key growth opportunities PLANO, 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 digital decision makers operating in business banking solutions from banks and credit unions across the U.S., revealing distinct segments of business digital maturity based on how financial institutions leverage culture, strategy, and technology to drive results.

Alkami Unveils New Research on Business Banking Digital Maturity

Investors need to pay close attention to Alkami Technology (ALKT) stock based on the movements in the options market lately.

Is the Options Market Predicting a Spike in Alkami Technology (ALKT) Stock?

Elevating retail and business customers' experience with the power of Alkami's full suite of products – digital banking, Positive Pay & ACH Reporting PLANO, Texas , Nov. 13, 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 Gate City Bank , a Fargo, North Dakota-based mutual bank, has partnered with Alkami to launch its full suite of solutions to include retail and business banking, Positive Pay & ACH Reporting, as well as streamlined digital account opening capabilities. Alkami's comprehensive Digital Banking Platform provides Gate City Bank's account holders with intuitive, self-service tools within a personalized user experience, powered by a dataset that rivals the largest megabanks.

Gate City Bank Launches Alkami's Full Suite of Digital Banking Solutions

Cincinnati-based credit union will deliver enhanced experience with new digital banking platform for both retail and business members PLANO, 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. Alkami's comprehensive Digital Banking Platform will equip Kemba Credit Union's members with intuitive self-service tools and a highly personalized user experience.

Kemba Credit Union Launches Alkami's Digital Banking Platform for Retail and Business Members

PLANO, Texas , Nov. 6, 2024 /PRNewswire/ -- Alkami Technology, Inc. (Nasdaq: ALKT) ("Alkami" or the "Company"), a leading cloud-based digital banking solutions provider for financial institutions in the U.S., today announced the pricing of the previously announced underwritten secondary offering (the "Offering") of an aggregate of 7,500,000 shares of the Company's common stock to be sold by entities affiliated with General Atlantic (AL), L.P., S3 Ventures Fund III, L.P.

Alkami Announces Pricing of Secondary Offering of Common Stock by Selling Stockholders

PLANO, Texas , Nov. 6, 2024 /PRNewswire/ -- Alkami Technology, Inc. (Nasdaq: ALKT) ("Alkami" or the "Company"), a leading cloud-based digital banking solutions provider for financial institutions in the U.S., today announced the launch of an underwritten secondary offering (the "Offering") of an aggregate of 7,500,000 shares of the Company's common stock to be sold by entities affiliated with General Atlantic (AL), L.P., S3 Ventures Fund III, L.P.

Alkami Announces Launch of Proposed Secondary Offering of Common Stock by Selling Stockholders

Recognition follows Alkami's J.D. Power certification for its Mobile Banking Platform PLANO, 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 Navigato r , a leading U.S. banking vertical data and analytics company.

Alkami Surpasses All Digital Banking Providers To Become #1 in Credit Union Market Share

Alkami Technology, Inc. (NASDAQ:ALKT ) Q3 2024 Earnings Call Transcript October 30, 2024 5:00 PM ET Company Participants Steve Calk - Vice President, Investor Relations Alex Shootman - Chief Executive Officer Bryan Hill - Chief Financial Officer Conference Call Participants Elyse Kanner - JPMorgan Austin Cole - Citizens JMP Cris Kennedy - William Blair Daniel Hibshman - Craig Hallum Adam Hotchkiss - Goldman Sachs Charles Nabhan - Stephens Sam Salvas - Needham & Company Jacob Stephan - Lake Street Capital Markets Andrew Schmidt - Citi Operator Good afternoon, ladies and gentlemen, and welcome to the Alkami Technology's Third Quarter 2024 Financial Results Conference Call. At this time, all lines are in listen-only mode.

Alkami Technology, Inc. (ALKT) Q3 2024 Earnings Call Transcript

Alkami Technology (ALKT) came out with quarterly earnings of $0.09 per share, beating the Zacks Consensus Estimate of $0.06 per share. This compares to earnings of $0.01 per share a year ago.

Alkami Technology (ALKT) Q3 Earnings and Revenues Beat Estimates

PLANO, Texas , Oct. 30, 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 third quarter ending September 30, 2024. Third Quarter 2024 Financial Highlights GAAP total revenue of $85.9 million, an increase of 26.9% compared to the year-ago quarter; GAAP gross margin of 58.9%, compared to 54.0% in the year-ago quarter; Non-GAAP gross margin of 62.8%, compared to 58.7% in the year-ago quarter; GAAP net loss of $(9.4) million, compared to $(15.5) million in the year-ago quarter; and Adjusted EBITDA of $8.3 million, compared to $0.8 million in the year-ago quarter.

Alkami Announces Third Quarter 2024 Financial Results

Industry experts unveil strategies in webinar to tackle emerging fraud threats as real-time payments surge and check fraud remains a leading risk PLANO, Texas , Oct. 23, 2024 /PRNewswire/ -- Alkami Technology, Inc. (Nasdaq: ALKT) ("Alkami"), a leading cloud-based digital banking solutions  provider for financial institutions in the U.S., recently held its latest webinar, " Banking on Security: Check & Real-Time Payments Fraud ," aimed at helping financial institutions address emerging fraud threats that are increasingly impacting consumer and business accounts. This webinar examined the rising risks of check fraud and real-time payments fraud, two areas where financial institutions are experiencing significant challenges.

Alkami Helps Banking Leaders Combat Emerging Check and Real-time Payments Fraud

Alkami received The Big Bank Theory Award for delivering a superior mobile banking platform and industry-leading UX powered by data PLANO, Texas , Oct. 17, 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 it was named the 2024 winner in The Big Bank Theory Awards by Tearsheet for the category of "Best Banking App." Tearsheet's premier awards program, The Big Bank Theory Awards recognizes and celebrates innovation in banking and embedded finance, and acknowledges the companies shaping the future of banking and embedded finance.

Alkami Named "Best Banking App" by Tearsheet

PLANO, Texas , Oct. 17, 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 third quarter ended September 30, 2024 on Wednesday, October 30, 2024, after the market close. Alkami will host a conference call at 5:00 p.m.

Alkami to Announce Third Quarter 2024 Financial Results

The Connecticut-based credit union will deliver Alkami's personalized product and service suite to its membership PLANO, Texas , Oct. 16, 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 Nutmeg State Financial Credit Union has launched the latest version of its digital banking services with the Alkami Digital Banking Platform. The credit union's members now have access to a wide range of online and mobile banking services, ranging from account aggregation, and financial wellness education and services.

Nutmeg State Financial Credit Union Launches Alkami as Digital Banking Partner for Retail Banking Capabilities

Three key plays are outlined to help grow business and digitally mature PLANO, Texas , Oct. 9, 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 the launch of " The 2025 Digital Banking Playbook: Budgeting & Strategies for Banks and Credit Unions ," a comprehensive guide of strategies and research findings designed to help financial institutions navigate the year ahead. The annual playbook offers insights into consumer perceptions, actionable recommendations for solutions categories to deploy, and data-driven analysis on the key trends expected to shape the industry in 2025, and through the end of the decade.

Alkami Unveils the 2025 Playbook to Prepare Financial Institutions for the Future of Banking

Members will benefit from an enhanced digital banking experience and security PLANO, Texas , Oct. 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 it has partnered with Intrepid Credit Union to launch Alkami's Digital Banking Platform designed to offer members an enhanced digital banking experience. The upgrade represents a significant leap forward to provide new tools and features for Intrepid Credit Union's members to empower them on their financial journey and deliver a best-in-class user experience.

Intrepid Credit Union Partners with Alkami to Launch New Digital Banking Platform

The recognition follows the recent J.D. Power certification for the TechFin's Mobile Banking Platform PLANO, Texas , Sept.

Alkami Receives the Banking Partner of Excellence Award

IDC Financial Insights ranks top enterprises worldwide serving the financial services industry PLANO, Texas , Sept. 19, 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 it was categorized as a 2024 IDC FinTech Rankings Top 100 solution provider.

Alkami Named to IDC FinTech Rankings Top 100 for 2024

Webinar explores how financial institutions can prepare, while educating employees and account holders PLANO, Texas , Sept. 11, 2024 /PRNewswire/ -- Alkami Technology, Inc. (Nasdaq: ALKT) ("Alkami"), a leading cloud-based digital banking solutions  provider for financial institutions in the U.S., recently held its latest webinar, " A Banking Executive Masterclass: Preparing for Open Banking in the United States ," which explores the impact of open banking on financial institutions and account holders, and delivers prescriptive guidance for bank and credit union executives on the path to preparation.

Alkami Hosts Banking Executive Masterclass on Preparing for Open Banking in the U.S.

Most recently, Alkami has been certified by J.D. Power for providing "An Outstanding Mobile Banking Platform Experience" for clients.

Alkami Recognized on CNBC's 2024 World's Top 250 Fintech Companies List

96% of financial institutions foresee AI playing a critical role in the next five years PLANO, Texas , Aug. 21, 2024 /PRNewswire/ -- Alkami Technology, Inc. (Nasdaq: ALKT) ("Alkami"), a leading cloud-based digital banking solutions provider for financial institutions in the U.S., today released commissioned research findings regarding the distinct perspectives on artificial intelligence (AI) held by regional and community financial institutions (RCFIs) compared to consumers, particularly in terms of its potential, use cases and adoption. The research revealed a disparity between these two groups, highlighting the dual task that financial institutions encounter when adopting AI: leveraging AI to enhance operational efficiencies and account holder satisfaction while navigating the complexities of data security, privacy concerns and ethical considerations.

Alkami Market Study Reveals Differences in AI Outlook between Financial Institutions and Consumers

Product integration provides an enhanced digital banking user experience and improved security PLANO, Texas , Aug. 14, 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 implementation of its credential stuffing protection into its digital banking platform challenge-response authentication process. This feature automatically checks for human behavior in the background, without requiring visual puzzles or additional time spent, ensuring a seamless interaction for legitimate users.

Alkami Integrates Credential Stuffing Protection Into Its Digital Banking Platform

Alkami Technology reported Q2 2024 results, beating revenue estimates but matching earnings estimates. The global core banking software market is expected to reach $22.2 billion by 2030 with a CAGR of 9.3%. Alkami's financial trends show revenue growth, reduced operating losses, and slightly improved Rule of 40 performance.

Alkami's Soaring Stock: Growth Story Or Fully Valued?

Alkami Technology, Inc. (NASDAQ:ALKT ) Q2 2024 Earnings Call July 31, 2024 5:00 PM ET Company Participants Steve Calk - Vice President, Investor Relations Alex Shootman - Chief Executive Officer Bryan Hill - Chief Financial Officer Conference Call Participants Chris Kennedy - William Blair Mayank Tandon - Needham Pat Walravens - JMP Securities Jacob Stephan - Lake Street Andrew Schmidt - Citi Operator Good afternoon, ladies and gentlemen, and welcome to the Alkami Technology's Second Quarter 2024 Financial Results Conference Call. [Operator Instructions] I'd like to turn the conference over to Steve Calk, Vice President of Investor Relations.

Alkami Technology, Inc. (ALKT) Q2 2024 Earnings Call Transcript

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.

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