By Katherine Hamilton
Alkami Technology shares fell after the company lowered its full-year sales outlook.
The stock slid 9.5% to $19.90 in after-hours trading Thursday. Through the close, shares had lost 40% of their value this year.
The digital banking platform now expects revenue to be $442.5 million to $444 million, down from a prior range of $443 million to $447 million.
The revised outlook came as Alkami recorded $113 million in revenue, which was slightly below the $113.6 million analysts polled by FactSet were expecting.
Alkami also named Cassandra Hudson as its chief financial officer, who will succeed Bryan Hill. He was already set to retire in February.
Hudson joins Alkami from StackAdapt, an advertising company where she was CFO.
Write to Katherine Hamilton at katherine.hamilton@wsj.com
(END) Dow Jones Newswires
October 30, 2025 18:06 ET (22:06 GMT)
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