Alkami(US:ALKT) Prnewswire·2025-02-27 21:05Core 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]