Alkami Technology, Inc. (NASDAQ:ALKT) shares are trading higher premarket on Friday. On Thursday, the company reported fourth-quarter results, with revenue of $89.66 million, slightly above the consensus of $89.65 million.
Adjusted gross margin expanded to 63.1% from 60.3% a year-ago quarter.
Adjusted EBITDA rose significantly to $10.2 million from $3.1 million in the year-ago quarter. Adjusted EPS of $0.11 exceeded the consensus of $0.08.
Outlook: Alkami Technology projects first-quarter adjusted EBITDA of $9.5 million-$10.5 million and revenue of $93.5 million-$95.0 million vs. consensus of $95.03 million.
For FY25, the company forecasts sales of $440 million-$445 million, vs. the estimate of $414.64 million and adjusted EBITDA of $47.0 million-$51.0 million.
Bryan Hill, Chief Financial Officer, said, “In 2024, we added 2.5 million registered users to our digital banking platform, …
