Alkami Q2 GAAP net loss narrows to $8.9 million; revenue rises 15.9% to $129.8 million - ALKT News | RalliesAlkami Q2 GAAP net loss narrows to $8.9 million; revenue rises 15.9% to $129.8 million
A
ALKT• Outlook
- Guided Q3 GAAP revenue at USD 132.7 million to USD 134.2 million; forecast full-year GAAP revenue of USD 528 million to USD 531 million.
Q2 results and operating metrics
- Alkami posted Q2 GAAP revenue of USD 129.8 million, up 15.9% from a year earlier, while GAAP net loss narrowed to USD 8.9 million.
- GAAP gross margin slipped 1.8 percentage points to 56.8%; adjusted EBITDA rose to USD 19.4 million from USD 11.9 million.
- Annual recurring revenue climbed 21% to USD 511.7 million; registered users increased by 2.7 million over 12 months to 23.6 million.
- Management cited 37 new digital banking logos over the last 12 months; five clients went live on its Digital Sales and Service Platform in Q2.
CSTAF
•
