Alkami Technology Reports Unexpected Loss Despite Revenue Beat
May 4, 2023
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The company revealed an unexpected loss despite their revenue beating expectations. Alkami reported a GAAP earnings per share of -$0.18, which was $0.01 lower than analysts had expected.
Additionally, their revenue of $59.99M exceeded expectations by $1.28M. He believes that the company’s ability to exceed revenue expectations was a sign that their digital platform offering was resonating with consumers and financial institutions alike. He also noted that the company is well-positioned to capitalize on the growing demand for digital banking services. Alkami Technology ($NASDAQ:ALKT) is currently working towards expanding its product portfolio and deepening its partnerships with financial institutions. By leveraging its technology, the company is aiming to provide more personalized services to its customers. As more financial institutions embrace digital banking solutions, Alkami is confident that it can continue to provide industry-leading services and solutions to its customers.
Earnings
ALKAMI TECHNOLOGY reported its FY2022 Q4 earnings ending December 31 2022, revealing a total revenue of 55.54M USD. While this was higher than expectations, the company unfortunately recorded an unexpected 4.91M USD loss in net income. This marks a 30.9% increase from last year’s total revenue of 33.33M USD, and a notable increase from the total revenue of 3 years ago. Despite the higher-than-expected total revenue this quarter, ALKAMI TECHNOLOGY failed to meet expectations in terms of income.
About the Company
Income Snapshot
Below shows the total revenue, net income and net margin for Alkami Technology. More…
| Total Revenues | Net Income | Net Margin |
| 204.27 | -58.6 | -34.7% |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for Alkami Technology. More…
| Operations | Investing | Financing |
| -37.79 | -224.01 | 61.18 |
Balance Sheet Snapshot
Below shows the total assets, liabilities and book value per share for Alkami Technology. More…
| Total Assets | Total Liabilities | Book Value Per Share |
| 488.88 | 154.84 | 3.63 |
Key Ratios Snapshot
Some of the financial key ratios for Alkami Technology are shown below. More…
| 3Y Rev Growth | 3Y Operating Profit Growth | Operating Margin |
| 40.6% | – | -27.0% |
| FCF Margin | ROE | ROA |
| -20.8% | -10.4% | -7.1% |
Price History
The stock opened at $11.0 and closed at $11.3, up by 2.8% from previous closing price of 11.0. The company attributed the losses to higher operating costs, with the cost of revenue more than doubling. The company is also targeting to reach profitability in the first half of 2022. Live Quote…
Analysis
At GoodWhale, we recently conducted an analysis of ALKAMI TECHNOLOGY‘s wellbeing. Our evaluation revealed that ALKAMI TECHNOLOGY had a high risk rating when it comes to financial and business aspects. We have detected three risk warnings in the company’s balance sheet, cashflow statement, and financial journal, which shows that there is potential for instability. We urge potential investors to register with GoodWhale to be able to access our full report on ALKAMI TECHNOLOGY’s financial health. Our comprehensive report will provide a detailed overview of the company’s finances and make sure that investors are well informed before making any investments. More…
Peers
Its competitors include MoneyLion Inc, AppTech Payments Corp, and Temenos AG. Alkami Technology Inc has a strong market presence and offers a comprehensive suite of digital banking solutions. Its products are well-received by customers and its services are highly competitive.
– MoneyLion Inc ($NYSE:ML)
MoneyLion Inc is a financial technology company that offers a mobile app and a platform that provides its users with access to financial products and services. The company has a market cap of 252.47M as of 2022 and a return on equity of -14.08%. MoneyLion’s products and services include a mobile app, a personal finance management tool, a credit builder product, and a lending product. The company was founded in 2013 and is headquartered in New York, NY.
– AppTech Payments Corp ($NASDAQ:APCX)
AppTech Payments Corp is a provider of payment processing solutions. The company offers a range of services, including online payment processing, mobile payment processing, and point-of-sale payment processing. AppTech Payments Corp has a market cap of 13.55M as of 2022, a Return on Equity of -88.5%. The company’s primary focus is on small and medium-sized businesses, providing them with the tools and services they need to streamline their payment processing. AppTech Payments Corp is headquartered in Atlanta, Georgia.
– Temenos AG ($LTS:0QOA)
Temenos AG is a leading provider of banking software. The company has a market cap of 4.07B as of 2022 and a return on equity of 27.62%. Temenos is headquartered in Geneva, Switzerland and has a strong global presence with over 3,000 customers in over 150 countries. The company’s software helps banks drive digital transformation and deliver superior customer experiences.
Summary
ALKAMI TECHNOLOGY reported their results for the quarter, with revenue of $59.99M beating expectations by $1.28M and GAAP EPS of -$0.18 missing by $0.01. Investors should focus on the revenue beat and growth in the quarter, as well as the potential for further expansion and success going forward. It is important to also consider the company’s financial position, cash flow and growth potential in order to make an informed decision on investing in ALKAMI TECHNOLOGY. Further research is necessary to understand the company’s competitive advantages and weaknesses compared to its peers in the industry.
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