Loading...
•
Sep 30, 2024
Alkami Tech Q3 2024 Earnings Report
Delivered continued out performance on both financial and operating metrics.
Key Takeaways
Alkami Technology reported GAAP total revenue of $85.9 million, a 26.9% increase compared to the year-ago quarter. The company ended Q3 with 19.5 million live registered users and signed nine new digital banking clients. Adjusted EBITDA was $8.3 million, compared to $0.8 million in the year-ago quarter.
GAAP total revenue increased by 26.9% year-over-year to $85.9 million.
GAAP gross margin improved to 58.9% compared to 54.0% in the prior year.
Adjusted EBITDA increased to $8.3 million, compared to $0.8 million in the year-ago quarter.
Ended Q3 with 19.5 million live registered users, up 2.6 million compared to the prior-year quarter.
Alkami Tech
Alkami Tech
Forward Guidance
Alkami is providing guidance for its fourth quarter ending December 31, 2024.
Positive Outlook
- GAAP total revenue in the range of $89.0 million to $90.0 million.
- Adjusted EBITDA in the range of $8.5 million to $9.0 million.
- GAAP total revenue in the range of $333.2 million to $334.2 million for the fiscal year ending December 31, 2024.
- Adjusted EBITDA in the range of $25.2 million to $25.7 million for the fiscal year ending December 31, 2024.