Alkami Technology, Inc. - ALKT STOCK NEWS

Alkami Technology, Inc. (Nasdaq: ALKT), a cloud-based digital banking solutions provider, will report its financial results for Q1 2023 after the market closes on May 3, 2023. The company will hold a conference call at 5:00 p.m. ET on the same day to discuss the results, which can be accessed via a live webcast on Alkami's investor relations website. Alkami specializes in helping U.S. financial institutions grow and adapt through various services, including retail banking and digital account opening. Investors can look for insights into the company's performance in the first quarter, amid the evolving digital banking landscape.

Alkami Technology, Inc. (NASDAQ: ALKT) has released the
2023 Alkami Data Telemetry Report: State of the Industry, which analyzes consumer financial trends and identifies opportunities for Regional and Community Financial Institutions (RCFIs) amid economic uncertainty. The report includes insights from over five years of data from more than a million account holders across 20 financial institutions, supplemented by market research from 800 digital banking consumers. Key findings indicate an increase in consumer withdrawals and credit card reliance due to inflation. Alkami aims to support RCFIs by providing tailored guidance to improve customer loyalty and drive revenue growth. This effort underscores Alkami's commitment to offer actionable insights for financial institutions striving to differentiate from larger banks.

Alkami Technology, Inc. (NASDAQ: ALKT) recently concluded Alkami Co:lab 2023 in Grapevine, Texas, showcasing advancements in digital banking. The company intends to redefine its approach by introducing the "TechFin" concept, emphasizing technology-driven financial solutions. CEO Alex Shootman highlighted investments in enhancing user experience, platform capabilities, and data utilization to personalize interactions for financial institutions (FIs). Alkami's clients, who have been on its platform for at least five years, reportedly outperform peers in key metrics such as deposit and loan growth, return on equity, and revenue growth, indicating a competitive advantage in today's digital banking landscape.

Alkami Technology Inc. (Nasdaq: ALKT) announced the launch of its social media campaign "To My Jelly Bean," emphasizing the role of regional and community banks in the lives of account holders. The campaign features a video showcasing a mother's heartfelt letter to her daughter, highlighting significant life moments supported by their local bank. The initiative aims to remind communities of the critical support these financial institutions provide in achieving financial dreams. The video encourages sharing personal stories with the hashtag #AllOfLifesMoments to foster connection and community engagement.

On March 29, 2023, Alkami Technology Inc. (Nasdaq: ALKT) announced that Liberty Bank in Connecticut has successfully launched the Alkami Digital Banking Platform. This transition involves converting approximately 150,000 customers to Alkami's platform, which supports business, retail, and mobile banking. Liberty Bank aims to enhance its digital offerings and customer experience as part of a comprehensive tech overhaul. The partnership is expected to bolster Liberty's competitive position by delivering innovative solutions and personalized communication channels, aligning with Alkami's vision for the future of digital banking.

Alkami Technology Inc. (NASDAQ: ALKT) announced the launch of its Digital Banking Platform by Kennebec Savings Bank in Maine on March 8, 2023. This integrated solution provides a unified platform for business, retail, and mobile banking, enhancing customer experience through data personalization and seamless access to accounts. Kennebec's CIO emphasized the need for a flexible solution to support local businesses. Alkami CEO highlighted the platform's potential to empower customer engagement and service delivery. This collaboration aims to position Kennebec as a significant player in the digital banking sector.

Alkami Technology, Inc. (Nasdaq: ALKT), a premier cloud-based digital banking solutions provider, will present at the JMP Securities Technology Conference on March 6, 2023. The company's leadership, including CEO Alex Shootman and CFO Bryan Hill, will share insights on Alkami's innovative services aimed at enhancing digital banking for U.S. financial institutions. Attendees can access a webcast and replay of the event at investors.alkami.com. Alkami specializes in retail and business banking, digital account opening, payment security, and data analytics, helping clients thrive in the digital banking space.

Alkami Technology, Inc. (Nasdaq: ALKT) announced its Q4 and full-year 2022 financial results. Q4 revenue reached $55.5 million, a 31% increase year-over-year, though gross margins slightly decreased to 52%. The company reported a net loss of $(4.9) million, improving from $(13.3) million in Q4 2021. For the full year, total revenue was $204.3 million, up 34%, but net loss widened to $(58.6) million from $(46.8) million. Alkami expanded its user base by 2.2 million in 2022 and ended the year with 14.5 million digital banking users, achieving an annual recurring revenue of $226 million, a 34% increase.

Alkami Technology, Inc. (Nasdaq: ALKT) announced plans to report its financial results for the fourth quarter ending December 31, 2022, on February 23, 2023, after market close. A conference call will follow at 5:00 p.m. ET, where management will discuss the results and answer investor questions. Investors can access the live webcast on Alkami's investor relations site. Alkami is a leading provider of cloud-based digital banking solutions in the U.S., focused on helping financial institutions enhance their digital capabilities.