Survey reveals four segments of business banking digital maturity in financial institutions and key growth opportunities PLANO, Texas, Nov. 20, 2024 /PRNewswire/ -- Alkami Technology, Inc. (NASDAQ:ALKT) ("Alkami"), a leading cloud-based digital banking solutions provider for financial institutions in the U.S., in partnership with industry expert Jim Marous and the Emerald Research Group, announced today the release of a comprehensive new study on business digital maturity in banking. The study surveyed 150 digital decision makers operating in business banking solutions from banks and credit unions across the U.S., revealing distinct segments of business digital maturity based on how financia

Elevating retail and business customers' experience with the power of Alkami's full suite of products – digital banking, Positive Pay & ACH Reporting PLANO, Texas, Nov. 13, 2024 /PRNewswire/ -- Alkami Technology, Inc. (NASDAQ:ALKT) ("Alkami"), a leading cloud-based digital banking solutions provider for financial institutions in the U.S., announced today that Gate City Bank, a Fargo, North Dakota-based mutual bank, has partnered with Alkami to launch its full suite of solutions to include retail and business banking, Positive Pay & ACH Reporting, as well as streamlined digital account opening capabilities.

Cincinnati-based credit union will deliver enhanced experience with new digital banking platform for both retail and business members PLANO, Texas, Nov. 7, 2024 /PRNewswire/ -- Alkami Technology, Inc. (NASDAQ:ALKT) ("Alkami"), a leading cloud-based digital banking solutions provider for financial institutions in the U.S., announced today that Kemba Credit Union, a Cincinnati, Ohio-based credit union, has partnered with Alkami to launch its digital banking solution for both retail and business members. Alkami's comprehensive Digital Banking Platform will equip Kemba Credit Union's members with intuitive self-service tools and a highly personalized user experience. The platform also enhances m

PLANO, Texas, Nov. 6, 2024 /PRNewswire/ -- Alkami Technology, Inc. (NASDAQ:ALKT) ("Alkami" or the "Company"), a leading cloud-based digital banking solutions provider for financial institutions in the U.S., today announced the pricing of the previously announced underwritten secondary offering (the "Offering") of an aggregate of 7,500,000 shares of the Company's common stock to be sold by entities affiliated with General Atlantic (AL), L.P., S3 Ventures Fund III, L.P., George B. Kaiser and Brian R. Smith (collectively, the "Selling Stockholders"). The Offering is expected to close on November 8, 2024, subject to the satisfaction of customary closing conditions. The underwriter has a 30-day o

PLANO, Texas, Nov. 6, 2024 /PRNewswire/ -- Alkami Technology, Inc. (NASDAQ:ALKT) ("Alkami" or the "Company"), a leading cloud-based digital banking solutions provider for financial institutions in the U.S., today announced the launch of an underwritten secondary offering (the "Offering") of an aggregate of 7,500,000 shares of the Company's common stock to be sold by entities affiliated with General Atlantic (AL), L.P., S3 Ventures Fund III, L.P., George B. Kaiser and Brian R. Smith (collectively, the "Selling Stockholders"). The Selling Stockholders also expect to grant to the underwriter an option, exercisable for 30 days, to purchase up to an additional 1,125,000 shares of the Company's co

Recognition follows Alkami's J.D. Power certification for its Mobile Banking Platform PLANO, Texas, Nov. 6, 2024 /PRNewswire/ -- Alkami Technology, Inc. (NASDAQ:ALKT) ("Alkami"), a leading cloud-based digital banking solutions for financial institutions in the U.S., today announced it has been listed as the top digital banking provider in credit union market share based on the number of enrolled mobile users by FI Navigator, a leading U.S. banking vertical data and analytics company. FI Navigator data also shows that credit unions on the Alkami platform outperformed their peers in deposit, loan, and revenue growth from January 1, 2020 to June 30, 2024.

PLANO, Texas, Oct. 30, 2024 /PRNewswire/ -- 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 third quarter ending September 30, 2024. Third Quarter 2024 Financial Highlights GAAP total revenue of $85.9 million, an increase of 26.9% compared to the year-ago quarter;GAAP gross margin of 58.9%, compared to 54.0% in the year-ago quarter;Non-GAAP gross margin of 62.8%, compared to 58.7% in the year-ago quarter;GAAP net loss of $(9.4) million, compared to

Industry experts unveil strategies in webinar to tackle emerging fraud threats as real-time payments surge and check fraud remains a leading risk PLANO, Texas, Oct. 23, 2024 /PRNewswire/ -- Alkami Technology, Inc. (NASDAQ:ALKT) ("Alkami"), a leading cloud-based digital banking solutions provider for financial institutions in the U.S., recently held its latest webinar, "Banking on Security: Check & Real-Time Payments Fraud," aimed at helping financial institutions address emerging fraud threats that are increasingly impacting consumer and business accounts. This webinar examine

Alkami received The Big Bank Theory Award for delivering a superior mobile banking platform and industry-leading UX powered by data PLANO, Texas, Oct. 17, 2024 /PRNewswire/ -- Alkami Technology, Inc. (NASDAQ:ALKT) ("Alkami"), a leading cloud-based digital banking solutions provider for financial institutions in the U.S., announced that it was named the 2024 winner in The Big Bank Theory Awards by Tearsheet for the category of "Best Banking App." Tearsheet's premier awards program, The Big Bank Theory Awards recognizes and celebrates innovation in banking and embedded finance, and acknowledges the companies shaping the future of banking and embedded finance.

PLANO, Texas, Oct. 17, 2024 /PRNewswire/ -- Alkami Technology, Inc. (NASDAQ:ALKT) ("Alkami"), a leading cloud-based digital banking solutions provider for financial institutions in the U.S., today announced that it plans to report financial results for its third quarter ended September 30, 2024 on Wednesday, October 30, 2024, after the market close. Alkami will host a conference call at 5:00 p.m. ET the same day to discuss its financial results with investors. A live webcast of the event will be available on the Alkami investor relations website at investors.alkami.com. In add

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PLANO, Texas, Oct. 30, 2024 /PRNewswire/ -- 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 third quarter ending September 30, 2024. Third Quarter 2024 Financial Highlights GAAP total revenue of $85.9 million, an increase of 26.9% compared to the year-ago quarter;GAAP gross margin of 58.9%, compared to 54.0% in the year-ago quarter;Non-GAAP gross margin of 62.8%, compared to 58.7% in the year-ago quarter;GAAP net loss of $(9.4) million, compared to

PLANO, Texas, Oct. 17, 2024 /PRNewswire/ -- Alkami Technology, Inc. (NASDAQ:ALKT) ("Alkami"), a leading cloud-based digital banking solutions provider for financial institutions in the U.S., today announced that it plans to report financial results for its third quarter ended September 30, 2024 on Wednesday, October 30, 2024, after the market close. Alkami will host a conference call at 5:00 p.m. ET the same day to discuss its financial results with investors. A live webcast of the event will be available on the Alkami investor relations website at investors.alkami.com. In add

PLANO, Texas, July 31, 2024 /PRNewswire/ -- 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 June 30, 2024. Second Quarter 2024 Financial Highlights GAAP total revenue of $82.2 million, an increase of 24.9% compared to the year-ago quarter;GAAP gross margin of 59.4%, compared to 53.9% in the year-ago quarter;Non-GAAP gross margin of 63.2%, compared to 58.7% in the year-ago quarter;GAAP net loss of $(12.3) million, compared to $(17.8) million in the year-ago quarter; andAdjusted EBITDA of $4.6 million, compared to a loss of $(2.5) million in t

PLANO, Texas, July 18, 2024 /PRNewswire/ -- Alkami Technology, Inc. (NASDAQ:ALKT) ("Alkami"), a leading cloud-based digital banking solutions provider for financial institutions in the U.S., today announced that it plans to report financial results for its second quarter ended June 30, 2024 on Wednesday, July 31, 2024, after the market close. Alkami will host a conference call at 5:00 p.m. ET the same day to discuss its financial results with investors. A live webcast of the event will be available on the "News & Events'' page of the Alkami investor relations website at investors.alkami.com. In addition, a live dial-in will be available domestically at 1-800-836-8184 and internationally at

PLANO, Texas, May 01, 2024 (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, 2024. First Quarter 2024 Financial Highlights GAAP total revenue of $76.1 million, an increase of 26.9% compared to the year-ago quarter;GAAP gross margin of 57.8%, compared to 53.6% in the year-ago quarter;Non-GAAP gross margin of 61.7%, compared to 58.1% in the year-ago quarter;GAAP net loss of $(11.4) million, compared to $(17.0) million in the year-ago quarter; andAdjusted EBITDA of $3.8 million, compared to a loss of $(2.9) millio

PLANO, Texas, April 19, 2024 (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 it plans to report financial results for its first quarter ended March 31, 2024 on Wednesday, May 1, 2024, after the market close. Alkami will host a conference call at 5:00 p.m. ET the same day to discuss its financial results with investors. A live webcast of the event will be available on the "News & Events'' page of the Alkami investor relations website at investors.alkami.com. In addition, a live dial-in will be available domestically at 1-800-836-8184 and internationall

PLANO, Texas, Feb. 28, 2024 (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 fourth quarter and full year ending December 31, 2023. Fourth Quarter 2023 Financial Highlights GAAP total revenue of $71.4 million, an increase of 29% compared to the year-ago quarter;GAAP gross margin of 56%, compared to 52% in the year-ago quarter;Non-GAAP gross margin of 60%, compared to 56% in the year-ago quarter;GAAP net loss of $(12.7) million, compared to $(4.9) million in the year-ago quarter; andAdjusted EBITDA of $3.1 million, co

PLANO, Texas, Feb. 14, 2024 (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 it plans to report financial results for its fourth quarter ended December 31, 2023 on Wednesday, February 28, 2024, after the market close. Alkami will host a conference call at 5:00 p.m. ET the same day to discuss its financial results with investors. A live webcast of the event will be available on the "News & Events'' page of the Alkami investor relations website at investors.alkami.com. In addition, a live dial-in will be available domestically at 1-800-836-8184 and inter

PLANO, Texas, Nov. 01, 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 third quarter ending September 30, 2023. Third Quarter 2023 Financial Highlights GAAP total revenue of $67.7 million, an increase of 27% compared to the year-ago quarter;GAAP gross margin of 54.0%, compared to 51.6% in the year-ago quarter;Non-GAAP gross margin of 58.7%, compared to 56.8% in the year-ago quarter;GAAP net loss of ($15.4) million, compared to ($20.0) million in the year-ago quarter; andAdjusted EBITDA of $0.8 million, compared to a loss of ($4.6) mil

PLANO, Texas, Oct. 19, 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 it plans to report financial results for its third quarter 2023 on Wednesday, November 1, 2023, after the market close. Alkami Technology, Inc. will host a conference call at 5:00 p.m. ET the same day to discuss its financial results with investors. A live webcast of the event will be available on the "News & Events'' page of the Alkami investor relations website at investors.alkami.com. In addition, a live dial-in will be available domestically at 1-844-746-0738 and interna

JMP Securities analyst Patrick Walravens maintains Alkami Technology (NASDAQ:ALKT) with a Market Outperform and raises the price target from $30 to $35.

Alkami Technology (NASDAQ:ALKT) has been analyzed by 5 analysts in the last three months, revealing a diverse range of perspectives from bullish to bearish. Summarizing their recent assessments, the table below illustrates the evolving sentiments in the past 30 days and compares them to the preceding months. Bullish Somewhat Bullish Indifferent Somewhat Bearish Bearish Total Ratings 3 1 1 0 0 Last 30D 0 0 1 0 0 1M Ago 1 0 0 0 0 2M Ago 0 0 0 0 0 3M Ago 2 1 0 0 0 Analysts' evaluations of 12-month price targets offer additional insights, showcasing an average target of $31.2, with a high estimate of $32.00 and a low estimate of $30.00. Surpassing the previous average price t

Barclays analyst Saket Kalia maintains Alkami Technology (NASDAQ:ALKT) with a Equal-Weight and raises the price target from $28 to $31.

During the last three months, 4 analysts shared their evaluations of Alkami Technology (NASDAQ:ALKT), revealing diverse outlooks from bullish to bearish. The table below offers a condensed view of their recent ratings, showcasing the changing sentiments over the past 30 days and comparing them to the preceding months. Bullish Somewhat Bullish Indifferent Somewhat Bearish Bearish Total Ratings 3 1 0 0 0 Last 30D 1 0 0 0 0 1M Ago 0 0 0 0 0 2M Ago 2 0 0 0 0 3M Ago 0 1 0 0 0 Analysts' evaluations of 12-month price targets offer additional insights, showcasing an average target of $31.25, with a high estimate of $32.00 and a low estimate of $30.00. Witnessing a positive shift,

Needham analyst Mayank Tandon reiterates Alkami Technology (NASDAQ:ALKT) with a Buy and maintains $32 price target.

Craig-Hallum analyst Jeff Van Rhee maintains Alkami Technology (NASDAQ:ALKT) with a Buy and raises the price target from $30 to $31.

Across the recent three months, 6 analysts have shared their insights on Alkami Technology (NASDAQ:ALKT), expressing a variety of opinions spanning from bullish to bearish. The following table encapsulates their recent ratings, offering a glimpse into the evolving sentiments over the past 30 days and comparing them to the preceding months. Bullish Somewhat Bullish Indifferent Somewhat Bearish Bearish Total Ratings 2 3 1 0 0 Last 30D 1 0 0 0 0 1M Ago 0 1 0 0 0 2M Ago 0 0 0 0 0 3M Ago 1 2 1 0 0 In the assessment of 12-month price targets, analysts unveil insights for Alkami Technology, presenting an average target of $30.0, a high estimate of $32.00, and a low estimate of $

Needham analyst Mayank Tandon maintains Alkami Technology (NASDAQ:ALKT) with a Buy and raises the price target from $30 to $32.

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Goldman downgraded Alkami Technology from Buy to Neutral and set a new price target of $27.00 from $23.00 previously

Stephens downgraded Alkami Technology from Overweight to Equal-Weight and set a new price target of $24.00 from $22.00 previously

Goldman initiated coverage of Alkami Technology with a rating of Buy and set a new price target of $21.00

Lake Street initiated coverage of Alkami Technology with a rating of Buy and set a new price target of $21.00

Craig Hallum initiated coverage of Alkami Technology with a rating of Buy and set a new price target of $25.00

JP Morgan initiated coverage of Alkami Technology with a rating of Overweight and set a new price target of $15.00

Stephens initiated coverage of Alkami Technology with a rating of Overweight and set a new price target of $18.00

Needham reiterated coverage of Alkami Technology with a rating of Buy and set a new price target of $22.00 from $40.00 previously

Keybanc reiterated coverage of Alkami Technology with a rating of Overweight and set a new price target of $20.00 from $35.00 previously

Barclays reiterated coverage of Alkami Technology with a rating of Equal-Weight and set a new price target of $19.00 from $33.00 previously