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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PLANO, Texas, Feb. 28, 2024 (GLOBE NEWSWIRE) -- 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 fourth quarter and full year ending December 31, 2023.

Alkami Announces Fourth Quarter 2023 Financial Results

PLANO, Texas, Feb. 23, 2024 (GLOBE NEWSWIRE) -- Alkami Technology, Inc. (Nasdaq: ALKT) (“Alkami”), a leading cloud-based digital banking solutions provider for financial institutions in the U.S., today announced that company executive leadership will present at the Citizens JMP Technology Conference on Monday, March 4, 2024. Bryan Hill, chief financial officer, will be presenting. A webcast and replay of the event will be accessible at investors.alkami.com following the conference.

Alkami to Present at Citizens JMP Technology Conference

Keynote speakers, bankers and tech innovators gather to drive financial services forward;  Alkami launches first on-site Hackathon PLANO, Texas , Feb. 21, 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 its annual Alkami Co:lab conference, held in Grapevine, TX, April 8-10, 2024, will once again feature a packed agenda that brings together key influencers and tech innovators across the financial services space. The conference will include participants from credit unions, banks and fintechs as well as analysts and consultants to discuss the most pressing topics impacting this industry.

Leading Industry Influencers Top Out the Agenda for Alkami Co:lab 2024

Report examines levels of digital maturity across financial institutions, with the most advanced institutions reporting up to twice the annual revenue growth as the least advanced Research reveals that digital banking sophistication is not solely determined by size; one quarter of institutions excelling digitally have less than $500 million in assets PLANO, Texas , Feb. 15, 2024 /PRNewswire/ -- Alkami Technology, Inc. (Nasdaq: ALKT) ("Alkami"), a leading cloud-based digital banking solutions provider for financial institutions in the U.S., today launched the Alkami Digital Sales & Service Maturity Model , based on research conducted across 215 US financial institutions with at least $200 million in assets and completed in December of 2023. The study, developed by Alkami in partnership with financial services influencer Jim Marous and Emerald Research Group , paints a picture of the spectrum of maturity by categorizing banks and credit unions into distinct segments based on their readiness and implementation of digital strategies.

Alkami Releases Research to Measure Digital Maturity in Financial Institutions

Financial institutions can leverage transaction data to uncover the financial health and patterns of account holders PLANO, Texas , Feb. 6, 2024 /PRNewswire/ --  Alkami Technology, Inc. (Nasdaq: ALKT) ("Alkami"), a leading cloud-based digital banking solutions provider for financial institutions in the U.S., recently released proprietary data focused on emerging technology adoption, providing insight into areas such as how much consumers utilize these new technologies along with behavior patterns for cryptocurrency usage. Alkami Telemetry Research  uncovers intelligence, strategic insight, and behavioral trends within account holder transactions to inform regional and community banks and credit unions.

Alkami Telemetry Data Reveals Emerging Tech Adoption Themes

Member base will now benefit from Alkami's single platform for retail, business and mobile PLANO, Texas , Jan. 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 that Elevations Credit Union ("Elevations") has launched Alkami's online business and retail banking platform. Following a seamless implementation process, Elevations is now leveraging the platform to grow its retail and business portfolio and gain market share.

Elevations Credit Union Launches with Alkami's Online Retail, Business and Mobile Banking

Account holders can now track their home value, see available equity, and access personalized offers within their digital banking platform PLANO, Texas , Jan. 9, 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 it has partnered with Chimney™, a fintech transforming how financial institutions use property data. Through this strategic partnership, financial institutions can empower homeowners with the financial tools, data, and insights they need to manage their greatest financial asset within digital banking.

Alkami Partners with Chimney to Deliver Insights to Homeowners Within Its Digital Banking Solution

The number of student loan payments grew 127 percent in October compared to the previous month PLANO, Texas , Dec. 21, 2023 /PRNewswire/ -- Alkami Technology, Inc. (Nasdaq: ALKT) ("Alkami"), a leading cloud-based digital banking solutions  provider for financial institutions in the U.S., recently released data focused on student loan payees and found that half of new student loan monthly payments in October 2023 were over $200, with the median new student loan monthly payment being $206. The number of student loan payments grew 127 percent in October as compared to the previous month, after the pause on federally-backed student loans came to an end and borrowers were required to begin making payments on these loans in October.

Alkami Telemetry Data Shows Impact of Student Loan Payments on Borrowers

With Alkami's Business Banking solution, the credit union will unlock an entirely untapped market  PLANO, Texas , Dec. 13, 2023 /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 it has partnered with Credit Union of Texas (CUTX) to provide the first online business banking platform available to CUTX business members. Alkami's business banking solution provides a market-tested digital banking experience designed to seamlessly onboard new users and increase product penetration, adoption and engagement.

Credit Union of Texas Selects Alkami For Its Business Banking Platform

Digital bank enhances user experience and benefits from Alkami's wide partner network  PLANO, Texas , Dec. 6, 2023 /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 Quontic Bank , the adaptive digital bank, has launched the Alkami Digital Banking Platform, converting the bank's customer base to Alkami's single platform for online banking. As a purely digital bank, a best-in-class web and mobile presence is business-critical for Quontic Bank.

Quontic Bank Launches Alkami's Digital Banking Solution

PLANO, Texas, Nov. 29, 2023 (GLOBE NEWSWIRE) -- Alkami Technology, Inc. (Nasdaq: ALKT) (“Alkami”), a leading cloud-based digital banking solutions provider for financial institutions in the U.S., today announced that company executive leadership will present at the Barclays Global Technology Conference on Wednesday, December 6, 2023. Presenters will include Alex Shootman, chief executive officer and Bryan Hill, chief financial officer. A webcast and replay of the event will be accessible at investors.alkami.com following the conference.

Alkami to Present at Barclays Global Technology Conference

Alkami Technology, Inc.'s focused approach to the bank market and successful cross-selling initiatives underscore its adaptability and strategic growth trajectory. With a strategic shift towards profitability in 2024, Alkami combines solid growth with a reasonable valuation, offering investors an attractive entry point. The expanding P/Sales multiple, still within a reasonable range, suggests that Alkami's improving profitability and projected 25% to 30% top-line growth in 2024 could result in a rewarding investment.

Alkami Technology: Fintech That's On The Cusp Of Profitability

PLANO, Texas, Nov. 09, 2023 (GLOBE NEWSWIRE) -- Alkami Technology, Inc. (Nasdaq: ALKT) (“Alkami”), a leading cloud-based digital banking solutions provider for financial institutions in the U.S., today announced that company executive leadership will present at the Stephens Annual Investment Conference on Thursday, November 16, 2023. Presenters will include Stephen Bohanon, chief product and strategy officer & co-founder and Bryan Hill, chief financial officer. A webcast and replay of the event will be accessible at investors.alkami.com following the conference.

Alkami to Present at Stephens Annual Investment Conference

IPO Stock Of The Week, software leader Alkami Technology, surged to new highs this week after strong earnings results.

IPO Stock Of The Week: Software Leader Alkami Technology Hits New High

Alkami Technology, Inc. (ALKT) Q3 2023 Earnings Call Transcript

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2023 is increasingly becoming another turbulent year for the U.S. equities markets, especially for the S&P 500 and Nasdaq. Both indices have faced increased volatility and downward pressure amid sticky inflation and ongoing geopolitical issues in Ukraine and the Middle East.

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PLANO, Texas, Oct. 19, 2023 (GLOBE NEWSWIRE) -- 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 2023 on Wednesday, November 1, 2023, after the market close.

Alkami to Announce Third Quarter 2023 Financial Results

Alkami (ALKT) saw its shares surge in the last session with trading volume being higher than average. The latest trend in earnings estimate revisions may not translate into further price increase in the near term.

Alkami (ALKT) Surges 5.5%: Is This an Indication of Further Gains?

Research-driven insights lay the groundwork for banks and credit unions to gain competitive standing in year ahead PLANO, Texas , Oct. 18, 2023 /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 release of its 2024 Strategies and Budgeting Playbook for Financial Institutions , which explores the opportunities and challenges that lie ahead for the financial industry, and offers strategies from peers, industry experts and thought leaders, including Marc DeCastro, Brett King, Jim Marous, Jim Perry, and Ron Shevlin. Alkami's 2024 Playbook comes ahead of what is being called a "crossroads year" for the industry, when factors like increasing compliance and fraud issues and competition for deposits are expected to coalesce and make it more urgent than ever that financial institutions provide heightened user experiences, personalized offers via account holder data, and a market-leading digital banking user experience.

Alkami Releases the 2024 Strategies and Budgeting Playbook for Financial Institutions

Alkami (ALKT) Soars 5.3%: Is Further Upside Left in the Stock?

IDC Financial Insights ranks top enterprises worldwide serving the financial services industry PLANO, Texas , Sept. 20, 2023 /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 2023 IDC FinTech Rankings Top 100 solution provider.

Alkami Named to IDC FinTech Rankings Top 100

Alkami Technology (ALKT) reached a significant support level, and could be a good pick for investors from a technical perspective. Recently, ALKT broke through the 20-day moving average, which suggests a short-term bullish trend.

Alkami Technology (ALKT) Recently Broke Out Above the 20-Day Moving Average

Alkami Technology provides cloud-based digital banking solutions for smaller banks, helping them serve customers more efficiently. Despite revenue growth and narrowing EBITDA losses, GAAP losses have not decreased, causing caution in the market. The company's stock has been range-bound, but there is hope for operating leverage as EBITDA losses are expected to narrow in 2023.

Alkami Technology: Still No Alchemy

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The United States economy's second-quarter growth was slightly slower than expected at 2.1%, a favorable development for the Federal Reserve's goal of curbing rising prices. There is a lasting positive outlook, with inflation trending downwards and GDP growth signs as the Federal Open Market Committee (FOMC) has aimed to achieve a 2% inflation target without a recession or widespread job losses.

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Empowers account holders to easily configure and manage direct deposits PLANO, Texas , Aug. 31, 2023 /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 it has partnered with Atomic, the market-leading provider of payroll connectivity, to provide financial institutions with a direct deposit switching solution that allows account holders to seamlessly connect their payroll accounts to any financial institution. As part of the partnership, Atomic's direct deposit switch solution will be integrated into Alkami's Digital Banking Platform.

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