Alkami Technology, Inc. (ALKT) Misses Q3 EPS by 5c
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Alkami Announces Third Quarter 2021 Financial Results
November 4, 2021 4:01 PM EDTPLANO, Texas, Nov. 04, 2021 (GLOBE NEWSWIRE) -- Alkami Technology, Inc. (Alkami), a leading cloud-based digital banking solutions provider for U.S.-based financial institutions, announced today results for its third quarter ending September 30, 2021.
Third Quarter 2021 Financial Highlights
GAAP total revenue of $39.8 million, an increase of 37% year-over-year;GAAP gross margin of 56.3%, an expansion of nearly 390 basis points year-over-year;Non-GAAP gross margin of 57.9%, an expansion of over 520 basis points year-over-year;GAAP net loss of ($11.2) million compared to a net loss of ($21.3) million in the prior year; and,Adjusted... More