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Alkami Technology (ALKT)
NASDAQ:ALKT
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Earnings Data
Report Date
Feb 20, 2025TBA Not Confirmed
Period Ending
2024 (Q4)Consensus EPS Forecast
$0.08Last Year’s EPS
$0.03Same Quarter Last Year
Moderate Buy
Based on 10 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Oct 30, 2024
|% Change Since: 2.46%
|Next Earnings Date:Feb 20, 2025
Earnings Call Sentiment|Positive
The earnings call for Alkami Technology for Q3 2024 was predominantly positive, highlighting strong revenue growth, successful client acquisition, and significant achievements in data and marketing products. Despite some concerns about churn and upcoming costs related to offshoring, the company's financial performance and strategic recognitions painted an optimistic picture.Company Guidance
During Alkami Technology's Q3 2024 earnings call, the company provided guidance for the fourth quarter, projecting revenue in the range of $89 million to $90 million, which represents a year-over-year growth of 25% to 26%. The adjusted EBITDA for Q4 is anticipated to be between $8.5 million and $9 million. For the full year 2024, Alkami expects total revenue to reach between $333.2 million and $334.2 million, reflecting a growth rate of 26% over the previous year. The adjusted EBITDA for the full year is guided to fall between $25.2 million and $25.7 million. The company has been focusing on driving growth through an increased attachment rate of its data products, which now stands at approximately 75%, and achieving significant cross-sell success with its client base.Strong Revenue Growth
Alkami achieved total revenue of $85.9 million in Q3 2024, representing year-over-year growth of 27%.
Significant New Client Acquisition
Alkami added 9 new digital banking clients, including 3 banks, and launched 12 clients on the platform, tying a previous record number of client launches in a quarter.
Data and Marketing Products Success
Data and marketing products accounted for over 70% of new client wins in 2024, up from 60% in 2023, and generated over 20% of add-on sales in 2024.
Recognition and Awards
Alkami was recognized as the top digital banking provider by FI Navigator and named a fintech top solution provider by IDC. It was also included in CNBC's 2024 world's top fintech companies list.
Adjusted EBITDA and Profitability
Adjusted EBITDA for Q3 2024 was $8.3 million, better than expectations, achieving a rule of 36 with an adjusted EBITDA margin of 9.7%.
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ALKT Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
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ALKT Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Oct 30, 2024 | $38.18 | $36.61 | -4.11% |
| Jul 31, 2024 | $32.73 | $33.86 | +3.45% |
| May 01, 2024 | $24.40 | $26.69 | +9.39% |
| Feb 28, 2024 | $25.81 | $24.95 | -3.33% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
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FAQ
When does Alkami Technology (ALKT) report earnings?
Alkami Technology (ALKT) is schdueled to report earning on Feb 20, 2025, TBA Not Confirmed.
What is Alkami Technology (ALKT) earnings time?
Alkami Technology (ALKT) earnings time is at Feb 20, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is ALKT EPS forecast?
ALKT EPS forecast for the fiscal quarter 2024 (Q4) is $0.08.
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