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Dec 31, 2023
Alkami Tech Q4 2023 Earnings Report
Alkami's Q4 2023 earnings demonstrated strong revenue growth and improved profitability.
Key Takeaways
Alkami Technology, Inc. reported a 29% increase in GAAP total revenue, reaching $71.4 million for Q4 2023. The company also improved its GAAP gross margin to 56% and achieved an adjusted EBITDA of $3.1 million, compared to a loss in the year-ago quarter. Alkami added 3 million registered users, ending the year with 17.5 million users.
GAAP total revenue increased by 29% year-over-year to $71.4 million.
GAAP gross margin improved to 56% from 52% in the year-ago quarter.
Adjusted EBITDA was $3.1 million, a significant improvement from the $(4.0) million loss in the prior year.
The company ended the year with 17.5 million registered users, adding 3 million during the year.
Forward Guidance
Alkami provided financial outlook for Q1 2024 and full year 2024.
Positive Outlook
- GAAP total revenue in the range of $74.5 million to $76 million for Q1 2024.
- Adjusted EBITDA in the range of $2.5 million to $3.5 million for Q1 2024.
- GAAP total revenue in the range of $327 million to $333 million for the full year 2024.
- Adjusted EBITDA in the range of $20 million to $23 million for the full year 2024.
- Focus on helping clients get to market faster.
Challenges Ahead
- Financial outlook is based on current expectations and is forward-looking.
- Actual results could differ materially depending on market conditions.
- Factors include the company's limited operating history and ability to manage future growth.
- Reliance on third-party software, content and services.
Historical Earnings Impact
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Avg. Return Before/After Earnings
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