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
Website: https://www.alkami.com
IR: See website
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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 for financial institutions in the United States. It helps clients transform through retail and business banking, digital account opening, payment security, and data analytics and marketing solutions. Its solution, Alkami Digital Banking Platform, offers an end-to-end set of digital banking software products. Its platform integrates with core system providers and other third-party fintech providers, and acts as the primary interaction point among consumers, businesses and financial institutions. Alkami Digital Banking Platform allows financial institutions to onboard and engage new users with the support of a cloud-based, multi-tenant architecture. Alkami Digital Banking Platform provides financial institutions with a complete digital banking solution designed to facilitate and meet the needs of both retail and business users. Its 10 product categories encompass 33 products and more than 300 integrations.
Financial Overview
For the fiscal year ended 31 December 2023, Alkami Technology Inc revenues increased 30% to $264.8M. Net loss increased 7% to $62.9M. Revenues reflect SaaS subscription services segment increase of 30% to $252.3M, Implementation services segment increase of 22% to $8.5M. Higher net loss reflects Acquisition-related expenses, net increase from $12.5M (income) to $263K (expense).
Employees: 917 as of Dec 31, 2023
Reporting Currency: U.S. Dollars
Enterprise value: $2,229M as of Dec 31, 2023
Annual revenue (TTM): $264.83M as of Dec 31, 2023
EBITDA (TTM): -$53.10M as of Dec 31, 2023
Net annual income (TTM): -$62.91M as of Dec 31, 2023
Free cash flow (TTM): -$23.79M as of Dec 31, 2023
Net Debt Last Fiscal Year: N/A
Shares outstanding: 96,759,181 as of Feb 22, 2024
TTM: Trailing Twelve Months
EBITDA: Earnings Before Interest, Taxes, Depreciation, & Amortization

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