Alkami Q1 net loss widens to $10 million; revenue rises 28.9% to $126.1 million

Alkami Technology Inc

Alkami Technology Inc

ALKT

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  • Alkami posted a Q1 net loss of USD 10 million, widening from a year earlier, as adjusted EBITDA climbed to USD 22.3 million.
  • Revenue rose 28.9% to USD 126.1 million.
  • Annual recurring revenue increased 22% to USD 493.6 million, while registered users reached 23 million.
  • Board authorized a USD 100 million share repurchase program; CEO Alex Shootman cited 6 new digital banking logos and 14 new MANTL logos, with half of new logos tied to its Digital Sales & Service Platform.
  • Outlook calls for Q2 revenue of USD 128 million-USD 129 million with adjusted EBITDA of USD 17.9 million-USD 18.7 million, while full-year revenue is seen at USD 527.1 million-USD 530.9 million with adjusted EBITDA of USD 94.9 million-USD 97.9 million.


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