Alkami announces third quarter 2024 financial results

Plano, texas , oct. 30, 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 third quarter ending september 30, 2024. third quarter 2024 financial highlights gaap total revenue of $85.9 million, an increase of 26.9% compared to the year-ago quarter; gaap gross margin of 58.9%, compared to 54.0% in the year-ago quarter; non-gaap gross margin of 62.8%, compared to 58.7% in the year-ago quarter; gaap net loss of $(9.4) million, compared to $(15.5) million in the year-ago quarter; and adjusted ebitda of $8.3 million, compared to $0.8 million in the year-ago quarter.
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