Alkami Technology, Inc. (NASDAQ: ALKT) experienced a sharp after-hours plunge of 10.80% on Wednesday. The significant drop followed the release of the company's fourth-quarter financial results.

The digital banking solutions provider reported an adjusted loss per share of $0.11 for the quarter, which missed the analyst consensus estimate of a $0.14 profit by a substantial 178.57 percent. This result represents a 200 percent decrease compared to earnings of $0.11 per share from the same period last year. While quarterly sales of $120.791 million slightly surpassed the $120.323 million estimate, the severe earnings disappointment appears to be the primary driver behind the negative investor sentiment in the extended session.

Alongside the results, the company issued its full-year outlook, forecasting revenue in the range of $525.5 million to $530.5 million and adjusted EBITDA between $93.5 million and $97.5 million.