NASDAQ$ALKT
Alkami Technology Inc · Q1 2024 earnings
Q1 2024 earnings · · Investor relations
Briefing
Delivered robust performance with significant user growth and expanded non-GAAP gross margin.
Alkami Technology, Inc. reported a 26.9% increase in GAAP total revenue to $76.1 million for the first quarter ending March 31, 2024. The company also saw a rise in GAAP gross margin to 57.8% and an adjusted EBITDA of $3.8 million.
- GAAP total revenue increased by 26.9% year-over-year to $76.1 million.
- GAAP gross margin improved to 57.8%, compared to 53.6% in the year-ago quarter.
- Adjusted EBITDA was $3.8 million, a significant improvement from the $(2.9) million loss in the prior year.
- Ended the quarter with Annual Recurring Revenue of $303 million, up 26.1% compared to the year-ago quarter.
Headline financials
Revenue & EPS history
Alkami Tech · Revenue · Quarterly
$76.1M
Forward guidance
Alkami is providing guidance for its second quarter ending June 30, 2024 and for the fiscal year ending December 31, 2024.
Tailwinds
- GAAP total revenue in the range of $80.5 million to $82.0 million for Q2 2024.
- Adjusted EBITDA in the range of $2.8 million to $3.8 million for Q2 2024.
- GAAP total revenue in the range of $328.5 million to $333.0 million for the fiscal year 2024.
- Adjusted EBITDA in the range of $20.5 million to $23.5 million for the fiscal year 2024.
Historical earnings impact
How earnings announcements have historically affected this stock's price.
Avg. return before/after earnings
Based on 20 quarterly earnings reports · overlaid with Q1 2024
-1.9%
Avg return
Earnings day
-3.8%
Avg return
5 days after
-2.3%
Avg return
30 days after
36%
9 / 25 earnings
Positive
+10.9%
Q1 2024
Best reaction
-16.1%
Q1 2021
Worst reaction
| Quarter | Report date | Reaction (Day 0) | +5 days | +30 days |
|---|---|---|---|---|
| Q1 2026 | -3.9% | +2.6% | +10.7% | |
| Q4 2025 | -4.5% | +3.5% | -6.8% | |
| Q3 2025 | -2.4% | -13.6% | -5.6% | |
| Q1 2025 | -2.3% | +2.9% | +7.3% | |
| Q4 2024 | +6.5% | +0.0% | -8.8% | |
| Q3 2024 | -5.3% | -5.5% | +2.1% | |
| Q2 2024 | +3.6% | -5.1% | +2.0% | |
| Q1 2024 | +10.9% | +12.3% | +14.0% | |
| Q4 2023 | -3.0% | -5.4% | -4.4% | |
| Q3 2023 | +8.1% | +15.9% | +27.2% | |
| Q2 2023 | -1.7% | -1.9% | +8.5% | |
| Q1 2023 | +4.7% | +12.2% | +34.7% | |
| Q4 2022 | -1.1% | -1.5% | -22.4% | |
| Q3 2022 | -5.0% | -8.5% | -8.9% | |
| Q2 2022 | +7.6% | +3.5% | -1.9% | |
| Q1 2022 | -11.5% | -20.7% | +11.0% | |
| Q4 2019 | +3.0% | +2.7% | -9.8% | |
| Q4 2021 | +3.2% | +6.3% | -6.9% | |
| Q3 2020 | -8.0% | -12.3% | -28.2% | |
| Q3 2021 | -6.0% | -6.4% | -24.9% | |
| Q2 2020 | -0.8% | -1.1% | -4.8% | |
| Q2 2021 | +4.8% | +0.5% | -2.5% | |
| Q4 2020 | -13.9% | -24.9% | -11.2% | |
| Q1 2020 | -13.9% | -24.9% | -11.2% | |
| Q1 2021 | -16.1% | -24.9% | -17.1% |
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