Alkami Technology, Inc. (ALKT) Reports Q1 Loss of $2.00
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Alkami Announces First Quarter 2021 Financial Results
May 11, 2021 4:01 PM EDTPLANO, Texas, May 11, 2021 (GLOBE NEWSWIRE) -- Alkami Technology, Inc. (Nasdaq: ALKT) (Alkami), a leading cloud-based digital banking solutions provider for U.S.-based financial institutions, announced today results for its first quarter ending March 31, 2021.
First Quarter 2021 Financial Highlights
GAAP total revenue of $33.3 million, an increase of 43% year-over-year;GAAP gross margin of 53.4%, an expansion of nearly 470 basis points year-over-year;Non-GAAP gross margin of 54.5%, an expansion of approximately 540 basis points year-over-year;GAAP net loss of ($10.9) million compared to a net loss of... More