Alkami Technology, Inc. (ALKT) Misses Q2 EPS by 14c

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Go back to Alkami Technology, Inc. (ALKT) Misses Q2 EPS by 14c

Alkami Announces Second Quarter 2022 Financial Results

August 3, 2022 4:05 PM EDT

PLANO, Texas, Aug. 03, 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 second quarter ending June 30, 2022.

Second Quarter 2022 Financial Highlights

GAAP total revenue of $50.5 million, an increase of 38% compared to the year-ago quarter;GAAP gross margin of 54%, compared to 56% in the year-ago quarter;Non-GAAP gross margin of 58%, compared to 58% in the year-ago quarter;GAAP net loss of ($20.2) million, compared to ($11.4) million in the year-ago quarter;... More