Overview
Alkami Q3 revenue grows 31.5% yr/yr but misses analyst expectations
Adjusted EBITDA for Q3 rises significantly, demonstrating progress in scaling business
Company reports GAAP net loss of $14.8 mln, up from $9.4 mln last year
Outlook
Alkami sees Q4 revenue between $119.6 mln and $121.1 mln
Company expects Q4 adjusted EBITDA of $16.1 mln to $17.1 mln
Alkami forecasts full-year revenue between $442.5 mln and $444.0 mln
Company projects full-year adjusted EBITDA of $56.0 mln to $57.0 mln
Result Drivers
NEW CLIENTS - Successful launch of 13 new financial institutions, including six banks, contributed to revenue growth
REGIONAL DEMAND - Demand among regional and community financial institutions continues to drive favorable pipeline and revenue opportunities
HOLISTIC SOLUTIONS - Early momentum in demand for holistic solutions like Alkami's Digital Sales & Service Platform
Key Details
Metric | Beat/Miss | Actual | Consensus Estimate |
Q3 Revenue | Miss | $112.95 mln | $114.30 mln (10 Analysts) |
Q3 Net Income | -$14.80 mln | ||
Q3 Gross Margin | 56.80% | ||
Q3 Adjusted Gross Margin | 63.70% | ||
Q3 Gross Profit | $64.14 mln |
Analyst Coverage
The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 8 "strong buy" or "buy", 2 "hold" and no "sell" or "strong sell"
The average consensus recommendation for the it services & consulting peer group is "buy"
Wall Street's median 12-month price target for Alkami Technology Inc is $37.50, about 39.8% above its October 29 closing price of $22.59
Press Release: ID:nPnbD5zjRa
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(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)