Alkami Technology Inc (OQ:ALKT)

Sector:  Technology Industry:  IT Services & Consulting
See Regulatory Filings on SEC
Company Contact
Address: 5601 Granite Parkway, Suite 120
PLANO TX 75024
Tel: N/A
IR: See website
Key People
Alex P. Shootman
Chief Executive Officer, Director
Stephen Bohanon
Co-Founder, Chief Strategy and Product Officer
W. Bryan Hill
Chief Financial Officer, Treasurer
Douglas A. Linebarger
Secretary, Chief Legal Officer
Business Overview
Alkami Technology, Inc. is a cloud-based digital banking solutions provider. Its solution, the Alkami Platform, allows financial institutions (FIs) to onboard and engage new users, with the support true cloud-based, multi-tenant architecture. The Alkami Platform is a multi-tenant, single code base, continuous delivery platform powered by a true cloud infrastructure. Its platform integrates with core system providers and other third-party fintech providers, and acts as the primary interaction point among consumers, businesses and FIs. Its platform delivers eight product categories, encompassing 30 products and 230 integrations, including account opening and loan origination, card experience, client service, extensibility, financial wellness, security and fraud protection, marketing and analytics, and money movement. Its money movement includes fully integrated money movement tools to deposits and drive consistent user engagement.
Financial Overview
For the three months ended 31 March 2022, Alkami Technology Inc revenues increased 35% to $44.8M. Net loss applicable to common stockholders increased 20% to $13.4M. Revenues reflect SaaS subscription services segment increase of 36% to $42.8M, Implementation services segment increase of 21% to $1.6M. Basic Earnings per Share excluding Extraordinary Items decreased from -$0.13 to -$0.15.
Employees: 667 as of Dec 31, 2021
Reporting Currency: U.S. Dollars
Enterprise value: $703.92M as of Mar 31, 2022
Annual revenue (TTM): $163.69M as of Mar 31, 2022
EBITDA (TTM): -$42.34M as of Mar 31, 2022
Net annual income (TTM): -$49.35M as of Mar 31, 2022
Free cash flow (TTM): -$40.11M as of Mar 31, 2022
Net Debt Last Fiscal Year: N/A
Shares outstanding: 90,469,637 as of Mar 31, 2022
TTM: Trailing Twelve Months
EBITDA: Earnings Before Interest, Taxes, Depreciation, & Amortization

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