NASDAQ$ALKT
Alkami Technology Inc · Q4 2023 earnings
Q4 2023 earnings · · Investor relations
Briefing
Alkami's Q4 2023 earnings demonstrated strong revenue growth and improved profitability.
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.
Headline financials
Revenue & EPS history
Alkami Tech · Revenue · Quarterly
$71.4M
Forward guidance
Alkami provided financial outlook for Q1 2024 and full year 2024.
Tailwinds
- 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.
Headwinds
- 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.
- Intense competition in the industry.
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 Q4 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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