NASDAQ$ALKT
Alkami Technology Inc · Q2 2023 earnings
Q2 2023 earnings · · Investor relations
Briefing
Delivered strong operating and financial performance, added new digital banking platform clients, and saw continued momentum among banks.
Alkami Technology, Inc. announced its Q2 2023 financial results, reporting a 30% increase in GAAP total revenue compared to the year-ago quarter. The company added 16 new digital banking platform clients in the first half of the year, including 10 in the second quarter. Alkami exited the quarter with $257 million in Annual Recurring Revenue, up 26% compared to the year-ago quarter.
- GAAP total revenue was $66 million, an increase of 30% compared to the year-ago quarter.
- GAAP gross margin was 54%, compared to 54% in the year-ago quarter.
- Non-GAAP gross margin was 59%, compared to 58% in the year-ago quarter.
- Adjusted EBITDA loss was $(3) million, compared to $(5) million in the year-ago quarter.
Headline financials
Revenue & EPS history
Alkami Tech · Revenue · Quarterly
$65.8M
Forward guidance
Alkami is providing guidance for its third fiscal quarter ending September 30, 2023 of: GAAP total revenue in the range of $66.5 million to $67.5 million; Adjusted EBITDA loss in the range of ($1.25) million to ($0.25) million. Alkami is providing guidance for its calendar year ending December 31, 2023 of: GAAP total revenue in the range of $261.5 million to $264.5 million; Adjusted EBITDA loss in the range of ($4.25) million to ($2.25) million.
Tailwinds
- GAAP total revenue in the range of $66.5 million to $67.5 million for Q3 2023
- Adjusted EBITDA loss in the range of ($1.25) million to ($0.25) million for Q3 2023
- GAAP total revenue in the range of $261.5 million to $264.5 million for the year 2023
- Adjusted EBITDA loss in the range of ($4.25) million to ($2.25) million for the year 2023
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 2023
-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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