Alkami Technology

Alkami Technology, Inc. provides digital banking software solutions to credit unions, banks, credit union service organizations, and service bureaus. The firm offers content management and online & mobile banking suite that brings together for a snapshot view of accounts with recent and upcoming activities. The company was founded by Louis A. Iannaccone, Scott Klososky, Steve Meston, Gary L. Nelson, Gruenewald Bobby, Jay Lackey, Stephen Bohanon, and Kim Stroh in 2009 and is headquartered in Plano, TX.

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Alkami Technology reports robust Q4 growth and eyes profitability in 2023

Alkami's Q4 2022 performance showcased strong revenue growth and user acquisition, aligning with strategic goals.
The company's focus on technology, user experience, and market expansion positions it for future success.
Challenges include balancing growth targets with profitability and navigating the evolving M&A landscape.
Opportunities lie in expanding gross margins, driving user growth, and leveraging add-on sales for revenue generation.

Alkami Technology reports robust Q1 growth, eyes profitability amid challenges

Alkami Technology's Q1 2023 showcased strong revenue growth and user base expansion, aiming for profitability by year-end.
While facing EBITDA loss challenges, the company's focus on digital banking experience and client data offers growth avenues.
Balancing revenue targets, market mix, and product innovation will be key for Alkami to capitalize on market opportunities and overcome challenges.

Alkami Technology reports robust Q2 growth and eyes strategic expansion

Alkami Technology's Q2 2023 performance reflects strong revenue growth and user expansion, underpinned by a solid cash position and strategic sales efforts.
While challenges exist in achieving profitability and client renewals, the company's focus on operational efficiency and market competitiveness bodes well for future success.
Opportunities in user acquisition, M&A activities, and product innovation present avenues for Alkami to further solidify its position in the digital solutions market.

Alkami Technology excels in Q3, eyes digital banking growth

Alkami Technology's strong Q3 performance and strategic focus on digital banking underscore its market position and growth potential.
While facing competition and contract renewal challenges, the company's innovation, client-centric approach, and revenue projections signal resilience.
Opportunities lie in leveraging digital banking trends, expanding product capabilities, and targeting tech-savvy clients for sustained growth.
With accelerating revenue growth expected in Q4 2023 and a commitment to enhancing user experience, Alkami is poised for continued success in the digital banking landscape.

Alkami Technology excels in Q4, eyes equal client mix by 2026

Alkami Technology's Q4 2023 performance was robust, exceeding revenue targets and focusing on client relationships and growth.
The company faces challenges in aligning product roadmaps between bank and credit union clients and aims for equal client composition by 2026.
Opportunities lie in leveraging data for AI capabilities, driving down costs, and focusing on product-market fit for sustained success.
Overall, Alkami's strategic focus on client satisfaction, innovation, and market demand positions them for continued growth and success.

Alkami Technology excels in Q1, poised for growth and innovation

Alkami Technology's Q1 2024 performance reflects strong revenue growth, robust client base expansion, and a focus on innovation through its data platform.
The company's strengths lie in its competitive edge in the digital banking space, diverse product offerings, and significant room for further client adoption.
While facing challenges in meeting evolving client demands and maintaining profitability, Alkami is well-positioned to leverage opportunities in client acquisition, technology adoption, and product development.

Alkami Technology excels in Q2, eyes growth in digital banking

Alkami Technology's Q2 2024 performance reflects strong revenue growth, operational improvements, and market expansion, underpinned by industry recognition and strategic investments.
While facing challenges in meeting financial targets and margin goals, the company's focus on innovation, market penetration, and executive leadership sets the stage for continued growth.
With a solid sales pipeline, a clear growth strategy, and a commitment to enhancing customer experience, Alkami is well-positioned to capitalize on market opportunities and drive future success.

Alkami Technology excels in Q3, eyes data tech for growth

Alkami Technology's Q3 2024 performance reflects robust growth, operational efficiency, and strategic client acquisitions.
The company's focus on data technology as a growth driver and its strong financial position position it well for future opportunities.
While challenges like margin targets and market competition exist, Alkami's strengths and opportunities signal a promising trajectory.

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Empowers financial institutions to grow relationships with their most engaged account holders PLANO, Texas , Aug. 9, 2023 /PRNewswire/ -- Alkami Technology, Inc. (Nasdaq: ALKT) ("Alkami"), a leading cloud-based  digital banking solutions  provider for financial institutions in the U.S., has developed and launched an Engagement AI Model via its  AI Predictive Modeling solution. The new model—the first of its kind in the industry—combines artificial intelligence (AI), machine learning (ML), and Alkami's proprietary Key Lifestyle Indicators® (KLIs) empowering financial institutions to identify account holders who demonstrate behaviors most likely to lead to retention and account growth, and increase their engagement with products, service offerings and digital channels.

Alkami Launches First Engagement Artificial Intelligence (AI) Predictive Model for Financial Services Industry

Alkami Technology, Inc. (NASDAQ:ALKT ) Q2 2023 Earnings Conference Call August 2, 2023 5:00 PM ET Company Participants Steve Calk - Head Of Investor Relations Alex Shootman - Chief Executive Officer Bryan Hill - Chief Financial Officer Conference Call Participants Patrick Walravens - JMP Securities LLC Chris Kennedy - William Blair Jacob Stephan - Lake Street Saket Kalia - Barclays Bank PLC Charles Nabhan - Stephens Inc. Daniel Hibshman - Craig-Hallum Operator Hello, and welcome to Alkami's Second Quarter 2023 Financial Results Conference Call. My name is Sarah, and I will be your operator for today's call.

Alkami Technology, Inc. (ALKT) Q2 2023 Earnings Call Transcript

Alkami Technology (ALKT) came out with a quarterly loss of $0.03 per share versus the Zacks Consensus Estimate of a loss of $0.06. This compares to loss of $0.08 per share a year ago.

Alkami Technology (ALKT) Reports Q2 Loss, Tops Revenue Estimates

PLANO, Texas, Aug. 02, 2023 (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, 2023.

Alkami Announces Second Quarter 2023 Financial Results

PLANO, Texas, July 24, 2023 (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 that it plans to report financial results for its second quarter ended June 30, 2023 on Wednesday, August 2, 2023, after the market close.

Alkami to Announce Second Quarter 2023 Financial Results

Does Alkami Technology (ALKT) have what it takes to be a top stock pick for momentum investors? Let's find out.

What Makes Alkami Technology (ALKT) a Strong Momentum Stock: Buy Now?

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Fintel reports that on July 12, 2023, Goldman Sachs initiated coverage of Alkami Technology (ALKT) with a Buy recommendation.

Goldman Sachs Initiates Coverage of Alkami Technology (ALKT) with Buy Recommendation

TechFin partnership to transform credit union with state-of-the-art digital banking platform PLANO, Texas , July 11, 2023 /PRNewswire/ -- Alkami Technology, Inc. (Nasdaq: ALKT) ("Alkami"), a leading cloud-based digital banking solutions  provider for banks and credit unions in the U.S., today announced that Massachusetts-based IC Credit Union has selected the Alkami Digital Banking Platform to lead its tech stack transformation. The partnership is part of IC Credit Union's full tech stack evolution, designed to deliver a modernized, state-of-the-art user experience for its members.

IC Credit Union Taps Alkami for Tech Stack Overhaul

Alkami Technology, Inc. provides banking software to credit unions and banks in the U.S. The company has guided to lower top line revenue growth and continues to produce heavy operating losses. While it hasn't been directly exposed to recent banking failures, its further push into banking software is a potential risk as macroeconomic conditions worsen.

Alkami Sidesteps Bank Failures But U.S. Financial System Sees Loan Drop

Expansive digital transformation helps community bank innovate forward PLANO, Texas , June 20, 2023 /PRNewswire/ -- Alkami Technology Inc. (Nasdaq: ALKT) ("Alkami"), a leading cloud-based digital banking solutions  provider for banks and credit unions in the U.S., announced today that Texas-based  Lone Star National Bank  has selected the Alkami Digital Banking Platform as a pillar of its technology stack transformation. The partnership is expected to significantly enhance Lone Star National Bank's customer experience while also positioning the bank for long-term growth.

Lone Star National Bank Selects Alkami's Digital Banking Platform

Here's Why Alkami Technology (ALKT) is a Great Momentum Stock to Buy

Fintech partnership empowers financial institutions to level up small business financial wellness PLANO, Texas , May 31, 2023 /PRNewswire/ -- Alkami Technology, Inc. (Nasdaq: ALKT) ("Alkami"), a leading cloud-based digital banking solutions  provider for banks and credit unions in the U.S., and upSWOT , a leading fintech platform that connects business applications for integrated data analysis and insight, have expanded their partnership by making upSWOT's business insights from Alkami digital banking data a standard feature available to all Alkami business banking clients. The dashboard is designed to empower businesses and financial institution relationship managers with real-time, actionable insights to: build loyalty and increase engagement opportunities.

Actionable Business Insights via upSWOT Now Standard on the Alkami Digital Banking Platform

Data, advanced analytics and artificial intelligence will be at the foundation of consumer engagement PLANO, Texas , May 18, 2023 /PRNewswire/ -- Alkami Technology, Inc. (Nasdaq: ALKT) ("Alkami"), a leading cloud-based  digital banking solutions provider for banks and credit unions in the U.S., today announced the release of the Banking Transformed White Paper, " State of Digital Sales and Engagement in Banking ." The Alkami-commissioned report examines how financial institutions can increase engagement across the entire account holder journey to drive growth.

Study Reveals How the Data & AI Revolution Will Drive Digital Banking Growth

The mean of analysts' price targets for Alkami (ALKT) points to a 36.9% upside in the stock. While this highly sought-after metric has not proven reasonably effective, strong agreement among analysts in raising earnings estimates does indicate an upside in the stock.

Wall Street Analysts Believe Alkami (ALKT) Could Rally 36.92%: Here's is How to Trade

PLANO, Texas, May 09, 2023 (GLOBE NEWSWIRE) -- Alkami Technology, Inc. (Nasdaq: ALKT) (“Alkami”), a leading cloud-based digital banking solutions provider for financial institutions in the U.S., today announced that company leadership will be attending the Needham Technology & Media Conference on Tuesday, May 16, 2023 and the J.P. Morgan Global Technology, Media and Communications Conference on Monday, May 22, 2023. Where applicable, a webcast and replay of the event will be accessible at investors.alkami.com.

Alkami to Present at Upcoming Investor Conferences

The 2023 Digital Banking Performance Metrics report from Cornerstone Advisors provides regional and community financial institutions performance benchmarks toward their business objectives PLANO, Texas , May 9, 2023 /PRNewswire/ -- Alkami Technology, Inc. (Nasdaq: ALKT) ("Alkami"), a leading cloud-based  digital banking solutions provider for banks and credit unions in the U.S., today announced the release of the 2023 Digital Banking Performance Metrics research report from Cornerstone Advisors. Drawing on data from U.S. regional and community financial institutions with an average asset size of $4.4 billion, the Alkami-commissioned report reveals that mid-size banks and credit unions more than doubled their investments in digital transformation in fiscal year 2022, to nearly $425,000 per $1 billion in assets—up from an average of just over $200,000 per $1 billion in assets for fiscal 2021.

Mid-size Financial Institutions More Than Double Their Digital Transformation Investment, New Research Finds

Alkami Technology, Inc. (NASDAQ:ALKT ) Q1 2023 Earnings Conference Call May 3, 2023 5:00 PM ET Company Participants Andrew Vinas - Investor Relations Alex Shootman - Chief Executive Officer Bryan Hill - Chief Financial Officer Conference Call Participants Mayank Tandon - Needham & Company, LLC Adib Choudhury - William Blair & Company LLC Charles Nabhan - Stephens Inc. Patrick Walravens - JMP Securities LLC Josh Beck - KeyBanc Capital Markets Inc. Andrew Schmidt - Citigroup Inc. Saket Kalia - Barclays Bank PLC Operator Hello, and welcome to Alkami's First Quarter 2023 Financial Results Conference Call. My name is Sarah, and I will be your operator for today's call.

Alkami Technology, Inc. (ALKT) Q1 2023 Earnings Call Transcript

Alkami Technology (ALKT) came out with a quarterly loss of $0.04 per share versus the Zacks Consensus Estimate of a loss of $0.05. This compares to loss of $0.05 per share a year ago.

Alkami Technology (ALKT) Reports Q1 Loss, Tops Revenue Estimates

PLANO, Texas, May 03, 2023 (GLOBE NEWSWIRE) -- Alkami Technology, Inc. (Nasdaq: ALKT) (“Alkami”), a leading cloud-based digital banking solutions provider for financial institutions in the U.S., today announced results for its first quarter ending March 31, 2023.

Alkami Announces First Quarter 2023 Financial Results

PLANO, Texas, April 24, 2023 (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 that it plans to report financial results for its first quarter ended March 31, 2023 on Wednesday, May 3, 2023, after the market close.

Alkami to Announce First Quarter 2023 Financial Results

Report identifies areas of opportunity for Regional and Community Financial Institutions (RCFIs) to differentiate against competing megabanks and neobanks PLANO, Texas , April 20, 2023 /PRNewswire/ -- Alkami Technology, Inc. (Nasdaq: ALKT) ("Alkami"), a leading cloud-based digital banking solutions provider for banks and credit unions in the U.S., today released The 2023 Alkami Data Telemetry Report: State of the IndustrySM, Emerging Financial Institution Opportunities in an Uncertain Economy, a new report based on proprietary data sources that analyzes consumer financial trends and identifies market opportunities for RCFIs. The Alkami Data Telemetry Report uses de-identified data collected over nearly five years, across more than a million account holders, and represented by nearly two dozen financial institutions ranging in assets from $500 million to $15 billion.

Alkami Research Identifies Consumer Financial Trends and Opportunities for Financial Institutions in State of the Industry Report

Social media campaign shares "All of Life's Moments" to underscore the importance of regional and community financial institutions PLANO, Texas , April 5, 2023 /PRNewswire/ -- Alkami Technology Inc. (Nasdaq: ALKT) ("Alkami"), a leading cloud-based digital banking solutions  provider for banks and credit unions in the U.S., today announced the launch of "To My Jelly Bean," a feel-good social media campaign highlighting the importance of regional and community banks and credit unions in the lives of account holders nationwide. The centerpiece of the campaign is a video  in which a mother writes a letter to her teenage daughter, nicknamed Jelly Bean, on the eve of her departure for college.

'To My Jelly Bean' Gives Regional and Community Banks and Credit Unions a Tribute

Redefining digital transformation for the strategic financial institution of the future PLANO, Texas , March 29, 2023 /PRNewswire/ -- Alkami Technology Inc. (Nasdaq: ALKT) ("Alkami"), a leading cloud-based digital banking solutions provider for banks and credit unions in the U.S., announced today that Connecticut-based Liberty Bank has launched the Alkami Digital Banking Platform, and is successfully converting a substantial portion of their customer base—approximately 150,000—to Alkami's single platform for business, retail and mobile banking. The move to the Alkami Platform is a crucial step in Liberty Bank's full technology stack overhaul with the objective to bring the most innovative products and seamless user experience to its customers and strategically position the bank for future growth.

Liberty Bank Launches Alkami's Digital Banking Platform

Leverages data for personalization and enhances business banking to a single system PLANO, Texas , March 8, 2023 /PRNewswire/ -- Alkami Technology Inc. (Nasdaq: ALKT) ("Alkami"), a leading cloud-based digital banking solutions provider for banks and credit unions in the U.S., announced today that Maine-based Kennebec Savings Bank (Kennebec) has launched the Alkami Digital Banking Platform. Alkami's integrated solution and single platform for business, retail and mobile banking enables Kennebec to provide a seamless digital banking experience across its customer base.

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