Overview

* Alkami ( ALKT ) 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 ( ALKT ) 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 ( ALKT ) 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 ( ALKT ) Digital Sales & Service Platform

Key Details

Metric Beat/Mis Actual Consensu

s s

Estimate

Q3 Miss $112.95 $114.30

Revenue mln mln (10

Analysts

)

Q3 Net -$14.80

Income mln

Q3 Gross 56.80%

Margin

Q3 63.70%

Adjusted

Gross

Margin

Q3 Gross $64.14

Profit 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 ( ALKT ) is $37.50, about 39.8% above its October 29 closing price of $22.59

Press Release:

For questions concerning the data in this report, contact [email protected]. For any other questions or feedback, contact .

(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.)