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Alkami Announces Fourth Quarter 2024 Financial Results
Prnewswire· 2025-02-27 21:05
Core Insights - Alkami Technology, Inc. announced its intent to acquire MANTL for an enterprise value of $400 million, enhancing its digital banking solutions for financial institutions [2][3] - The company reported a revenue growth of 26% for the full year 2024, with a fourth-quarter revenue increase of 25.6% year-over-year [3][8] - Alkami's annual recurring revenue (ARR) reached $356 million, up 22% compared to the previous year, with a significant increase in registered users [3][26] Financial Highlights - Fourth quarter 2024 GAAP total revenue was $89.7 million, a 25.6% increase from the same quarter in 2023 [8] - Full year 2024 GAAP total revenue was $333.8 million, reflecting a 26.1% increase compared to 2023 [8] - Adjusted EBITDA for the fourth quarter was $10.2 million, compared to $3.1 million in the year-ago quarter [3][8] Acquisition Details - The acquisition of MANTL will be funded with approximately $380 million in cash and $13 million in restricted stock units for continuing employees [2] - MANTL's onboarding solution is expected to enhance Alkami's digital sales and service platform, allowing financial institutions to better engage and grow their customer base [3][4] Future Outlook - For the fiscal year ending December 31, 2025, Alkami expects MANTL to contribute approximately $30 million in revenue and an Adjusted EBITDA loss of $5 million [4] - MANTL's annual recurring revenue under contract is projected to be around $60 million by December 31, 2025, indicating a year-over-year growth rate of over 30% [4] User Metrics - Alkami added 2.5 million registered users in 2024, ending the year with a total of 20 million users on its digital banking platform [3] - Revenue per registered user increased to $17.81, up 7% compared to the previous year [3][26]
Financial Center First Credit Union Elevates Digital Banking with Alkami; Strengthens Dual-Branded Strategy
Prnewswire· 2025-02-25 15:00
Core Insights - Alkami Technology partners with Financial Center First Credit Union to enhance digital banking experience and support a dual-branded strategy [1][4] - Financial Center aims to provide a user-friendly, scalable, and feature-rich digital banking platform for both retail and business members [2][3] Company Overview - Alkami Technology, Inc. is a leading cloud-based digital banking solutions provider in the U.S., enabling financial institutions to grow and adapt quickly [5] - Financial Center First Credit Union serves over 60,000 members and manages $884 million in assets, focusing on inclusive banking services and financial wellness [6] Technology and Features - Alkami's Digital Banking Platform allows Financial Center to deliver personalized experiences and streamline offers based on transaction behavior and purchase intent [2][3] - The platform supports automated clearing house (ACH) processing and integrates across retail and business banking services, enhancing operational efficiency [3] Strategic Goals - Financial Center is committed to improving the digital experience for its members, leading to increased satisfaction and engagement [3] - The partnership with Alkami is expected to provide Financial Center with tools to differentiate in the marketplace and ensure a seamless banking experience for members [4]
Alkami Co:lab 2025 Will Feature Six Dynamic Breakout Tracks
Prnewswire· 2025-02-20 18:00
Core Insights - Alkami Technology, Inc. is hosting Alkami Co:lab 2025, an annual conference aimed at fostering collaboration, innovation, and growth among financial institutions [1][5] - The conference will feature over 40 expert speakers, including customers, partners, and industry experts, providing actionable insights across various key areas in the financial services industry [2][4] Group 1: Conference Details - Alkami Co:lab 2025 will include breakout sessions focused on digital banking, business banking, data and marketing, security and compliance, technology, and professional development [2] - Attendees can earn Certified Treasury Professional (CTP) credits by participating in select sessions related to positive pay, payments, deposit growth, and treasury management sales strategies [2][3] Group 2: Expert Contributions - Char Sears, vice president at Unitus Community Credit Union, will discuss leveraging Alkami's Digital Banking Platform and strategies for managing AI-driven fraud risks [3] - The conference will also feature general sessions, roundtable discussions, hands-on workshops, and an Innovation Lab for networking and exploring digital transformation [4] Group 3: Company Overview - Alkami Technology, Inc. is recognized for its cloud-based digital banking solutions, enabling financial institutions to grow and adapt in a rapidly changing environment [5] - The company has received certification from J.D. Power for providing an outstanding mobile banking platform experience [5]
Alkami to Announce Fourth Quarter 2024 Financial Results
Prnewswire· 2025-02-17 13:00
Core Viewpoint - Alkami Technology, Inc. is set to report its financial results for the fourth quarter ended December 31, 2024, on February 27, 2025, after market close [1]. Group 1: Financial Reporting - The financial results announcement will be followed by a conference call at 5:00 p.m. ET on the same day to discuss the results with investors [2]. - A live webcast of the conference call will be available on the Alkami investor relations website, along with dial-in options for domestic and international participants [2]. Group 2: Company Overview - Alkami Technology, Inc. is recognized as a leading provider of cloud-based digital banking solutions for financial institutions in the U.S. [3]. - The company focuses on enabling clients to grow confidently, adapt quickly, and build thriving digital communities through various services including retail and commercial banking, digital account opening, payment security, and data and marketing solutions [3].
3rd Annual Women in Banking Event to be Hosted at Alkami Co:lab 2025
Prnewswire· 2025-02-06 15:00
Core Insights - Alkami Technology, Inc. is hosting the 3rd annual Women in Banking event during the Alkami Co:lab 2025 conference in Nashville, TN, aimed at fostering an inclusive environment in the financial services industry [1][2] - The Women in Banking program focuses on leadership, professional development, digital banking innovation, and inclusion, providing opportunities for connection and growth for professionals at all career stages [2][3] - Research indicates that organizations with diverse leadership teams are 39% more likely to outperform their peers in financial performance, highlighting the importance of diversity representation [3] Company Overview - Alkami Technology, Inc. is a leading provider of cloud-based digital banking solutions for financial institutions in the U.S., enabling clients to grow confidently and adapt quickly [4] - The company offers services including retail and business banking, digital account opening, payment security, and data and marketing solutions [4] Event Details - The Women in Banking initiative includes various activities such as virtual events, videos, and thought leadership content throughout the year [3] - The event aims to engage participants in discussions on authenticity, mentorship, and overcoming imposter syndrome, while also facilitating networking opportunities [6]
Alkami Co:lab 2025 Brings 40+ Speakers from Financial Institutions to be Featured at the Conference
Prnewswire· 2025-01-29 15:00
Core Insights - Alkami Technology, Inc. is hosting Alkami Co:lab 2025, a premier digital banking event from March 31 to April 2, 2025, in Nashville, TN, aimed at fostering innovation and collaboration in the financial services sector [1][2][5] - The event will feature keynote speaker Jason Dorsey, known for his expertise in generational trends and behavioral research, along with various industry experts discussing key banking topics [3][4] Company Overview - Alkami Technology, Inc. is recognized as a leading cloud-based digital banking solutions provider in the U.S., focusing on enabling financial institutions to grow and adapt through innovative digital solutions [6] - The company emphasizes its commitment to empowering financial institutions with tools that drive growth, engagement, and resilience [2] Event Highlights - Alkami Co:lab 2025 will include keynote presentations, interactive workshops, and networking opportunities, covering topics such as digital banking strategies, business banking growth, and technology advancements [2][5] - Professional development sessions will offer Certified Treasury Professional (CTP) and Certified Cash Manager (CCM) credits, enhancing attendees' skills in treasury management [2] Industry Impact - The event aims to bring together forward-thinking leaders and institutions to share best practices and tactical knowledge, shaping the future of financial services [5] - The inclusion of discussions on banking trends, financial literacy, and artificial intelligence reflects the industry's focus on adapting to emerging challenges and opportunities [4]
Alkami Launches First-to-Market Business Banking Digital Maturity Assessment
Prnewswire· 2025-01-23 15:00
Helping banks and credit unions assess and advance their business banking digital strategies PLANO, Texas, Jan. 23, 2025 /PRNewswire/ -- Alkami Technology, Inc. (Nasdaq: ALKT) ("Alkami"), a leading cloud-based digital banking solutions provider for financial institutions in the U.S., announced today the launch of its Business Banking Digital Maturity Assessment. Built only for financial institutions, this first-of-its-kind innovative tool was derived from a recent study that was published in partnership wit ...
Alkami: The Data Advantage In Addition To AI
Seeking Alpha· 2025-01-17 09:46
Company Performance - Alkami Technology (NASDAQ: ALKT) is currently trading at $34.7, significantly below its 2021 high of $47.7 [1] - The company achieved over 40% gains last year, outperforming the S&P 500 [1] Analyst Background - The analyst has 25 years of investing experience and a background in IT, serving as the Director of Keylogin InfoTech [1] - The analyst's research is analytics-driven and frequently utilizes charts to support positions [1] - The analyst has experience in virtualization, cloud, and telecommunications, having worked as a team leader and project lead in telcos [1] Investment Approach - The analyst adopts a moderate investment strategy, focusing on capital preservation and direction, influenced by losses during the Global Financial Crisis [1] - The analyst's investment journey began with mutual and indexed funds before transitioning to individual stocks, gaining significant experience during the 2008/2009 crash [1] Research Focus - The analyst writes on themes such as automated supply chains, Generative AI, telcos Capex, the deflationary nature of software, and semiconductors, often taking a contrarian approach [1] - The analyst also covers biotechs with a "techbio" focus [1]
Alkami Unveils the Top Five Business Banking Trends Shaping 2025
Prnewswire· 2025-01-16 19:34
A webinar will be hosted by Alkami in conjunction with bank and credit union experts to explore innovative business banking solutions and strategiesPLANO, Texas, Jan. 16, 2025 /PRNewswire/ -- Alkami Technology, Inc. (Nasdaq: ALKT) ("Alkami"), a leading cloud-based digital banking solutions provider for financial institutions in the U.S., has identified five key business banking trends for 2025. These highlight opportunities for financial institutions to adapt to evolving business client expectations, streng ...
NASA Federal Credit Union Elevates Alkami's Digital Banking Experience with Push Provisioning
Prnewswire· 2025-01-10 15:00
Enhancing the member experience with digital card capabilities that empower members to transact with ease and strengthen payment security PLANO, Texas, Jan. 10, 2025 /PRNewswire/ -- Alkami Technology, Inc. (Nasdaq: ALKT) ("Alkami"), a leading cloud-based digital banking solutions provider for financial institutions in the U.S., proudly announces its successful collaboration with NASA Federal Credit Union (NASA FCU) to modernize and optimize its digital banking experience for members by introducing push prov ...