Alkami: Fourth Quarter Financial Results Overview

Alkami Technology Reports Fourth Quarter Financial Results

Alkami Technology Inc., headquartered in Plano, Texas, announced a net loss of $11.4 million for the fourth quarter.

The company recorded a per-share loss of $0.11. When excluding expenses related to stock options and amortization, adjusted earnings stood at $0.10 per share.

Alkami, which specializes in digital banking solutions, generated $120.8 million in revenue during the quarter, surpassing analyst expectations. According to Zacks, three analysts had projected revenue of $119.9 million.

For the full year, Alkami's net loss increased to $47.7 million, or $0.46 per share, while total revenue reached $443.6 million.

Outlook and Forecasts

Looking ahead to the first quarter ending in March, Alkami anticipates revenue between $124.7 million and $125.7 million.

The company projects its annual revenue for the current year will range from $525.5 million to $530.5 million.

Stock Performance

Since the start of the year, Alkami's share price has dropped by 29%. As of the close of trading on Wednesday, shares were valued at $16.34, reflecting a 45% decrease over the past year.