Alkami Technology Third Quarter 2022 Earnings: Revenues Beat Expectations, EPS Lags

Simply Wall St

November 05, 2022

Alkami Technology (NASDAQ:ALKT) Third Quarter 2022 Results

Key Financial Results

Revenue: US$53.4m (up 34% from 3Q 2021).
Net loss: US$20.0m (loss widened by 79% from 3Q 2021).
US$0.22 loss per share (further deteriorated from US$0.13 loss in 3Q 2021).

earnings-and-revenue-growth — NasdaqGS:ALKT Earnings and Revenue Growth November 5th 2022

All figures shown in the chart above are for the trailing 12 month (TTM) period

Alkami Technology Revenues Beat Expectations, EPS Falls Short

Revenue exceeded analyst estimates by 1.9%. Earnings per share (EPS) missed analyst estimates by 22%.

Looking ahead, revenue is forecast to grow 24% p.a. on average during the next 3 years, compared to a 13% growth forecast for the Software industry in the US.

Performance of the American Software industry.

The company's shares are down 13% from a week ago.

Risk Analysis

Before you take the next step you should know about the 3 warning signs for Alkami Technology that we have uncovered.

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This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.