NASDAQ$ALKT

Alkami Technology Inc · Q2 2022 earnings

Q2 2022 earnings · · Investor relations

Briefing

Alkami drove revenue growth, sales performance and operating efficiency.

Alkami Technology, Inc. announced results for its second quarter ending June 30, 2022. GAAP total revenue was $50.5 million, an increase of 38% compared to the year-ago quarter. The company closed seven new logos, including two banks, bringing first half new logo count to six credit unions and six banks.

  • GAAP total revenue of $50.5 million, an increase of 38% compared to the year-ago quarter.
  • GAAP gross margin of 54%, compared to 56% in the year-ago quarter.
  • Non-GAAP gross margin of 58%, compared to 58% in the year-ago quarter.
  • GAAP net loss of ($20.2) million, compared to ($11.4) million in the year-ago quarter.

Headline financials

Total Revenue

$50.5M

Previous: $36.7M+37.7%
EPS (adj)

-$0.07

Previous: -$0.08+12.5%
GAAP Gross Margin

54.0%

Previous: 56.0%-3.6%
Adjusted EBITDA

-$5.3M

Previous: -$5.4M+1.9%
Annual Recurring Revenue

$204M

Previous: $145M+41.0%
Registered Users

13.3K

Previous: 10.7K+24.3%
Revenue per Registered User

$15.33

Previous: $13.48+13.7%
Capital Expenditures

-$590K

Previous: -$477K-23.7%
Free Cash Flow

-$20.8M

Previous: -$11.9M-75.7%
Net Income

-$20.2M

Previous: -$11.4M-77.9%
Operating Income

-$19.4M

Previous: -$9.81M-97.5%
Gross Profit

$27.3M

Previous: $20.5M+32.9%
Cash & Equivalents

$89.1M

Previous: $338M-73.7%
Total Assets

$491M

Previous: $425M+15.6%
Stock-Based Comp

$11.5M

Previous: $3.02M+281.4%

Revenue & EPS history

Alkami Tech · Revenue · Quarterly

$50.5M

Q2 2022+37.7%vs Q2 2021
Beat estimate in 10 of 15 quarters(67%)
ActualEstimate

Forward guidance

Alkami is providing guidance for its third quarter ending September 30, 2022 of: GAAP total revenue in the range of $51.5 million to $52.5 million; Adjusted EBITDA loss in the range of ($6.0) million to ($5.0) million.

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 Q2 2022

Historical avgQ2 2022

-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

Earnings price reactions
QuarterReport dateReaction (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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