Alkami Technology, Inc. (ALKT) Misses Q1 EPS by 9c

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Go back to Alkami Technology, Inc. (ALKT) Misses Q1 EPS by 9c

Alkami Announces First Quarter 2022 Financial Results

May 5, 2022 4:10 PM EDT

PLANO, Texas, May 05, 2022 (GLOBE NEWSWIRE) -- Alkami Technology, Inc. (Nasdaq: ALKT) (Alkami), a leading cloud-based digital banking solutions provider for U.S. banks and credit unions, today announced results for its first quarter ending March 31, 2022.

First Quarter 2022 Financial Highlights

GAAP total revenue of $44.8 million, an increase of 35% compared to the year-ago quarter;GAAP gross margin of 55%, compared to 53% in the year-ago quarter;Non-GAAP gross margin of 58%, compared to 55% in the year-ago quarter;GAAP net loss of ($13.4) million, compared to ($10.9) million in the year-ago... More