Alkami announces second quarter 2024 financial results

Plano, texas , july 31, 2024 /prnewswire/ -- alkami technology, inc. (nasdaq: alkt) ("alkami"), a leading cloud-based digital banking solutions provider for financial institutions in the u.s., today announced results for its first quarter ending june 30, 2024. second quarter 2024 financial highlights gaap total revenue of $82.2 million, an increase of 24.9% compared to the year-ago quarter; gaap gross margin of 59.4%, compared to 53.9% in the year-ago quarter; non-gaap gross margin of 63.2%, compared to 58.7% in the year-ago quarter; gaap net loss of $(12.3) million, compared to $(17.8) million in the year-ago quarter; and adjusted ebitda of $4.6 million, compared to a loss of $(2.5) million in the year-ago quarter.
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