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Dec 31, 2022
Alkami Tech Q4 2022 Earnings Report
Alkami Tech's Q4 2022 earnings reflected strong sales performance and business execution, with continued industry-leading growth and increased digital banking users.
Key Takeaways
Alkami Technology, Inc. reported a 31% increase in GAAP total revenue for Q4 2022, reaching $55.5 million. The company experienced a reduced GAAP net loss of $(4.9) million compared to the year-ago quarter and an adjusted EBITDA loss of $(4.0) million. Alkami added 37 new logos in 2022 and exited the quarter with 14.5 million digital banking users, up 18% year-over-year.
GAAP total revenue increased by 31% to $55.5 million compared to the year-ago quarter.
GAAP gross margin was 52%, a decrease from 55% in the year-ago quarter.
Exited Q4 with 14.5 million digital banking users, up 18% from the year-ago quarter.
Annual recurring revenue reached $226 million, up 34% compared to December 31, 2021.
Forward Guidance
Alkami is providing guidance for its first quarter ending March 31, 2023 of: GAAP total revenue in the range of $58.0 million to $59.0 million; Adjusted EBITDA loss in the range of ($4.5) million to ($3.5) million. Alkami is providing guidance for its calendar year ending December 31, 2023 of: GAAP total revenue in the range of $255.0 million to $260.0 million; Adjusted EBITDA loss in the range of ($7.0) million to ($4.0) million.
Positive Outlook
- GAAP total revenue in the range of $58.0 million to $59.0 million for Q1 2023.
- Adjusted EBITDA loss in the range of ($4.5) million to ($3.5) million for Q1 2023.
- GAAP total revenue in the range of $255.0 million to $260.0 million for FY 2023.
- Adjusted EBITDA loss in the range of ($7.0) million to ($4.0) million for FY 2023.
Historical Earnings Impact
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Avg. Return Before/After Earnings
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