Alkami Announces Fourth Quarter 2024 Financial Results

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$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$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$17.81, up 7% compared to the previous year [3][26]