alk-20221103
000152927400015292742022-11-032022-11-03

UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

FORM 8-K
CURRENT REPORT
Pursuant to Section 13 or 15(d) of The Securities Exchange Act of 1934

Date of Report (Date of earliest event reported): November 3, 2022

ALKAMI TECHNOLOGY, INC.
(Exact Name of Registrant as Specified in its Charter)
Delaware     001-40321     45-3060776
(State or Other Jurisdiction of Incorporation) (Commission File Number)     (I.R.S. Employer Identification Number)

5601 Granite Parkway, Suite 120, Plano, TX 75024
(Address of Principal Executive Offices) (Zip Code)
(877) 725-5264
Registrant’s Telephone Number, Including Area Code

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:

    Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

    Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

    Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

    Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Securities registered pursuant to Section 12(b) of the Act:

Title of each classTrading Symbol(s)Name of each exchange on which registered
Common Stock, $0.001 par value per shareALKT
The Nasdaq Stock Market LLC

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).
Emerging growth company

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act.











Item 2.02. Results of Operations and Financial Condition.

On November 3, 2022, Alkami Technology, Inc. (the “Company”) issued a press release announcing its financial results for the quarter and nine months ending September 30, 2022. A copy of the press release is furnished herewith as Exhibit 99.1 and is incorporated by reference herein.

The information set forth in this Item 2.02, including Exhibit 99.1, is being furnished and shall not be deemed “filed” for purposes of Section 18 of the Securities Exchange Act of 1934, as amended (the “Exchange Act”), or otherwise subject to the liabilities of that Section. The information in this Item 2.02, including Exhibit 99.1, shall not be incorporated by reference into any filing of the Company under the Securities Act of 1933, as amended, or the Exchange Act, except as shall be expressly set forth by specific reference in such a filing.

Item 9.01. Financial Statements and Exhibits.
Exhibit NumberDescription
104Cover Page Interactive Data File (formatted as Inline XBRL and contained in Exhibit 101)

SIGNATURE

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
Alkami Technology, Inc.
Date:November 3, 2022By:/s/ W. Bryan Hill
W. Bryan Hill
Chief Financial Officer

Document

Exhibit 99.1

Alkami Announces Third Quarter 2022 Financial Results

PLANO, Texas (November 3, 2022) — 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, 2022.

Third Quarter 2022 Financial Highlights
GAAP total revenue of $53.4 million, an increase of 34% compared to the year-ago quarter;
GAAP gross margin of 52%, compared to 56% in the year-ago quarter;
Non-GAAP gross margin of 57%, compared to 58% in the year-ago quarter;
GAAP net loss of $(20.0) million, compared to $(11.2) million in the year-ago quarter; and
Adjusted EBITDA loss of $(4.6) million, compared to $(6.1) million in the year-ago quarter.

Comments on the News
Alex Shootman, Chief Executive Officer, said, “In the third quarter, we continued to see strong market demand for Alkami’s innovative end-to-end digital solutions along with our commitment to client service. We added ten new logos to the Alkami digital banking community, bringing our year-to-date new logo sales count to fifteen credit unions and seven banks, substantially outpacing the same period last year. In addition, we successfully renewed six clients’ contracts and continued to expand add-on sales as our clients seek more ways to accelerate their digital transformation.”

Shootman added, “Nearly 80% of Americans prefer to bank digitally and financial institutions are answering the call by putting the digital banking experience first. Our sales performance in the quarter is a testament to Alkami’s organization-wide passion for helping financial institutions leverage technology to improve their customer experience, increase digital engagement and become true partners when it comes to their customers' financial well-being.”

“We exited the third quarter with 13.7 million digital banking users on the Alkami platform, up 20% from the year-ago quarter,” said Bryan Hill, Chief Financial Officer. “In addition, add-on sales represented over 34% of new sales during the year, and there are now 40 new logos in implementation, which, along with significant add-on sales, represent a total of $43 million in Annual Recurring Revenue in backlog. We exited the quarter with Annual Recurring Revenue of $214 million, up 38% compared to the year-ago quarter. And our revenue per user continued to increase, ending the quarter at $15.57.

2022 Financial Outlook
Alkami’s financial outlook is based on current expectations. The following statements are forward-looking and actual results could differ materially depending on market conditions and the factors set forth under “Cautionary Statement Regarding Forward-Looking Statements.”

Alkami is providing guidance for its fourth quarter ending December 31, 2022 of:
GAAP total revenue in the range of $54.3 million to $55.3 million;
Adjusted EBITDA loss in the range of $(5.0) million to $(4.0) million.

Alkami is providing guidance for its calendar year ending December 31, 2022 of:
GAAP total revenue in the range of $203.0 million to $204.0 million;
Adjusted EBITDA loss in the range of $(18.6) million to $(17.6) million.

Conference Call Information
The Company will host a conference call at 5:00 p.m. ET today to discuss its financial results with investors. A live webcast of the event will be available on the Alkami investor relations website at investors.alkami.com. In addition, a live dial-in will be available domestically at 1-877-870-4263 and internationally at 1-412-317-0790 using passcode 10171281. A replay will be available in the Investor Relations section of the Alkami website.

About Alkami
Alkami Technology, Inc. is a leading cloud-based digital banking solutions provider for financial institutions in the United States that enables clients to grow confidently, adapt quickly and build thriving digital communities. Alkami helps clients transform through retail and business banking, digital account opening and loan origination, multi-payment fraud prevention, and data analytics and engagement solutions. To learn more, visit www.alkami.com.






Cautionary Statement Regarding Forward-Looking Statements
This press release contains “forward-looking” statements relating to Alkami Technology, Inc.’s strategy, goals, future focus areas, and expected, possible or assumed future results, including its future cash flows and its financial outlook. These forward-looking statements are based on management's beliefs and assumptions and on information currently available to management. Forward-looking statements include all statements that are not historical facts and may be identified by terms such as “expects,” “believes,” “plans,” or similar expressions and the negatives of those terms. These forward-looking statements involve known and unknown risks, uncertainties, and other factors that may cause actual results, performance or achievements to be materially different from any future results, performance or achievements, expressed or implied by the forward-looking statements, including the uncertainty associated with the potential impacts of the COVID-19 pandemic on our business, financial condition, and results of operations. Factors that may materially affect such forward-looking statements include: Our limited operating history and history of operating losses; our ability to manage future growth; our ability to attract new clients and retain and expand existing clients’ use of our solutions; the unpredictable and time-consuming nature of our sales cycles; our ability to maintain, protect and enhance our brand; our ability to accurately predict the long-term rate of client subscription renewals or adoption of our solutions; our reliance on third-party software, content and services; our ability to effectively integrate our solutions with other systems used by our clients; intense competition in our industry; any downturn, consolidation or decrease in technology spend in the financial services industry; our ability and the ability of third parties on which we rely to prevent and identify breaches of security measures (including cybersecurity) and resulting disruptions of our systems or operations and unauthorized access to client customer and other data; our ability to successfully integrate acquired companies or businesses; our ability to comply with regulatory and legal requirements and developments; our ability to attract and retain key employees; the political, economic and competitive conditions in the markets and jurisdictions where we operate; our ability to maintain, develop and protect our intellectual property; our ability to respond to evolving technological requirements to develop or acquire new and enhanced products that achieve market acceptance in a timely manner; our ability to estimate our expenses, future revenues, capital requirements, our needs for additional financing and our ability to obtain additional capital and other factors described in the Company’s filings with the Securities and Exchange Commission. We undertake no obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise, except as required by applicable law.

Explanation of Non-GAAP Financial Measures and Key Business Metrics
The company reports its financial results in accordance with accounting principles generally accepted in the United States of America, or GAAP. However, the company believes that, in order to properly understand its short-term and long-term financial, operational and strategic trends, it may be helpful for investors to exclude certain non-cash or non-recurring items when used as a supplement to financial performance measures in accordance with GAAP. These items result from facts and circumstances that vary in both frequency and impact on continuing operations. The company also uses results of operations excluding such items to evaluate the operating performance of Alkami and compare it against prior periods, make operating decisions, determine executive compensation, and serve as a basis for long-term strategic planning. These non-GAAP financial measures provide the company with additional means to understand and evaluate the operating results and trends in its ongoing business by eliminating certain non-cash expenses and other items that Alkami believes might otherwise make comparisons of its ongoing business with prior periods more difficult, obscure trends in ongoing operations, reduce management’s ability to make useful forecasts, or obscure the ability to evaluate the effectiveness of certain business strategies and management incentive structures. In addition, the company also believes that investors and financial analysts find this information to be helpful in analyzing the company’s financial and operational performance and comparing this performance to the company’s peers and competitors.

The company defines “Non-GAAP Cost of Revenues” as cost of revenues, excluding (1) amortization and (2) stock-based compensation expense. The company believes that investors and financial analysts find this non-GAAP financial measure to be useful in analyzing the company’s financial and operational performance, comparing this performance to the company’s peers and competitors, and understanding the company’s ability to generate income from ongoing business operations.

The company defines “Non-GAAP Gross Margin” as gross profit, plus (1) amortization and (2) stock-based compensation expense, all divided by revenue. The company believes that investors and financial analysts find this non-GAAP financial measure to be useful in analyzing the company’s financial and operational performance, comparing this performance to the company’s peers and competitors, and understanding the company’s ability to generate income from ongoing business operations.

The company defines “Non-GAAP Research and Development Expense” as research and development expense, excluding stock-based compensation expense. The company believes that investors and financial analysts find this non-GAAP financial measure to be useful in analyzing the company’s financial and operational performance, comparing this performance to the company’s peers and competitors, and understanding the company’s ongoing expenditures related to product innovation.

The company defines “Non-GAAP Sales and Marketing Expense” as sales and marketing expense, excluding stock-based compensation expense. The company believes that investors and financial analysts find this non-GAAP financial measure to be useful in analyzing the company’s financial and operational performance, comparing this performance to the company’s peers and competitors, and understanding the company’s ongoing expenditures related to its sales and marketing strategies.




The company defines “Non-GAAP General and Administrative Expense” as general and administrative expense, excluding stock-based compensation expense. The company believes that investors and financial analysts find this non-GAAP financial measure to be useful in analyzing the company’s financial and operational performance, comparing this performance to the company’s peers and competitors, and understanding the company’s underlying expense structure to support corporate activities and processes.

The company defines “Non-GAAP Net Loss” as net loss attributable to common stockholders, plus (1) convertible preferred stock deemed and accrued dividends, (2) provision (benefit) for income taxes (3) loss on financial instruments, (4) amortization, (5) stock-based compensation expense, and (6) acquisition-related expenses, net. The company believes that investors and financial analysts find this non-GAAP financial measure to be useful in analyzing the company’s financial and operational performance, comparing this performance to the company’s peers and competitors, and understanding the company’s ability to generate income from ongoing business operations.

The company defines “Adjusted EBITDA” as net loss plus (1) provision (benefit) for income taxes, (2) loss on financial instruments, (3) interest expense, net, (4) depreciation and amortization (5) stock-based compensation expense, and (6) acquisition-related expenses, net. The company believes adjusted EBITDA provides investors and other users of our financial information consistency and comparability with our past financial performance and facilitates period-to-period comparisons of operations.

In addition, the Company also uses the following important operating metrics to evaluate its business:

The company defines “Annual Recurring Revenue (ARR)” by aggregating annualized recurring revenue related to SaaS subscription services recognized in the last month of the reporting period as well as the next 12 months of expected implementation services revenues for all clients on the platform in the last month of the reporting period. We believe ARR provides important information about our future revenue potential, our ability to acquire new clients, and our ability to maintain and expand our relationship with existing clients.

The company defines “Registered Users” as an individual or business related to an account holder of an FI client on our digital banking platform who has registered to use one or more of our solutions and has current access to use those solutions as of the last day of the reporting period presented. We price our digital banking platform based on the number of registered users, so as the number of registered users of our digital banking platform increases, our ARR grows. We believe growth in the number of registered users provides important information about our ability to expand market adoption of our digital banking platform and its associated software products, and therefore to grow revenues over time.

The company defines “Revenue per Registered User (RPU)” by dividing ARR for the reporting period by the number of registered users as of the last day of the reporting period. We believe RPU provides important information about our ability to grow the number of software products adopted by new clients over time, as well as our ability to expand the number of software products that our existing clients add to their contracts with us over time.

The company does not provide a reconciliation of our adjusted EBITDA outlook to GAAP net loss because certain significant information required for such reconciliation is not available without unreasonable efforts, including (benefit) provision for income taxes, loss on financial instruments, stock-based compensation expense, and acquisition-related expenses, net, all of which may be significant.











ALKAMI TECHNOLOGY, INC.
CONDENSED CONSOLIDATED BALANCE SHEETS
(In thousands, except share and per share data)
(UNAUDITED)
September 30,December 31,
20222021
Assets
Current assets
Cash and cash equivalents$96,636 $308,581 
Marketable securities 112,215 — 
Accounts receivable, net26,304 20,821 
Deferred implementation costs, current7,053 6,272 
Prepaid expenses and other current assets13,108 9,487 
Total current assets255,316 345,161 
Property and equipment, net13,468 11,828 
Deferred implementation costs, net of current portion21,013 17,991 
Intangibles, net44,290 11,164 
Goodwill146,036 48,091 
Other assets5,162 2,275 
Total assets$485,285 $436,510 
Liabilities and Stockholders' Equity (Deficit)
Current liabilities
Current portion of long-term debt$2,125 $1,563 
Accounts payable3,214 3,649 
Accrued liabilities25,276 19,083 
Deferred rent and tenant allowance, current750 705 
Deferred revenues, current portion8,673 8,198 
Total current liabilities40,038 33,198 
Long-term debt, net82,415 23,053 
Deferred revenues, net of current portion13,597 13,873 
Deferred rent and tenant allowance, net of current portion4,620 5,190 
Deferred income taxes341 85 
Other non-current liabilities16,400 16,500 
Total liabilities157,411 91,899 
Stockholders’ Equity (Deficit)
Preferred stock, $0.001 par, 10,000,000 shares authorized and 0 shares issued and outstanding as of September 30, 2022 and December 31, 2021
— — 
Common stock, $0.001 par, 500,000,000 shares authorized; and 91,477,997 and 89,954,657 shares issued and outstanding as of September 30, 2022 and December 31, 2021, respectively
91 90 
Additional paid-in capital695,324 658,374 
Accumulated deficit(367,541)(313,853)
Total stockholders’ equity 327,874 344,611 
Total liabilities and stockholders' equity$485,285 $436,510 



ALKAMI TECHNOLOGY, INC.
CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS
(In thousands, except share and per share data)
(UNAUDITED)
Three months ended September 30,
Nine months ended September 30,
2022202120222021
Revenues$53,412 $39,761 $148,732 $109,724 
Cost of revenues(1)
25,844 17,387 69,081 49,064 
Gross profit27,568 22,374 79,651 60,660 
Operating expenses:
Research and development18,222 12,877 48,973 35,897 
Sales and marketing9,721 7,216 27,822 17,858 
General and administrative18,337 12,415 54,114 34,348 
Acquisition-related expenses, net737 915 155 2,177 
Amortization of acquired intangibles370 93 796 274 
Total operating expenses47,387 33,516 131,860 90,554 
Loss from operations(19,819)(11,142)(52,209)(29,894)
Non-operating income (expense):
Interest income851 223 1,383 364 
Interest expense(1,185)(300)(2,336)(908)
Loss on financial instruments(59)— (446)(3,035)
Loss before income taxes(20,212)(11,219)(53,608)(33,473)
Provision (benefit) for income taxes(163)— 80 — 
Net loss(20,049)(11,219)(53,688)(33,473)
Less: cumulative dividends and adjustments to redeemable convertible preferred stock— — — (277)
Net loss attributable to common stockholders:$(20,049)$(11,219)$(53,688)$(33,750)
Net loss per share attributable to common stockholders:
Basic and diluted$(0.22)$(0.13)$(0.59)$(0.60)
Weighted average number of shares of common stock outstanding:
Basic and diluted91,182,235 87,641,416 90,703,061 56,320,288 
(1) Includes amortization of acquired technology of $1.4 million and $0.1 million for the three months ended September 30, 2022 and 2021, respectively, and $2.6 million and $0.4 million for the nine months ended September 30, 2022 and 2021, respectively.














ALKAMI TECHNOLOGY, INC.
CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS
(In thousands)
(UNAUDITED)
Nine months ended September 30,
20222021
Cash flows from operating activities:
Net loss$(53,688)$(33,473)
Adjustments to reconcile net loss to net cash used in operating activities:
Depreciation and amortization expense5,512 2,384 
Accrued interest on marketable securities, net(67)— 
Stock-based compensation expense33,596 7,793 
Amortization of debt issuance costs112 39 
Gain on revaluation of contingent consideration(2,700)— 
Loss on financial instruments
446 3,035 
Deferred taxes(80)— 
Changes in operating assets and liabilities:
Accounts receivable(3,688)(5,741)
Prepaid expenses and other current assets(2,802)(689)
Accounts payable and accrued liabilities3,590 12,758 
Deferred implementation costs(3,804)(1,612)
Deferred rent and tenant allowances(525)(397)
Deferred revenues53 (899)
Net cash used in operating activities(24,045)(16,802)
Cash flows from investing activities:
Purchase of marketable securities(164,093)— 
Proceeds from maturities and redemptions of marketable securities51,500 — 
Purchases of property and equipment(964)(870)
Capitalized software development costs(2,778)(1,275)
Acquisition of business, net of cash acquired(131,339)(18,326)
Net cash used in investing activities(247,674)(20,471)
Cash flows from financing activities:
Proceeds from issuance of long-term debt85,000 — 
Principal payments on debt(24,688)— 
Debt issuance costs paid(773)— 
Proceeds from exercise of warrants— 645 
Proceeds from ESPP issuance1,841 — 
Payments for taxes related to net settlement of equity awards(596)— 
Proceeds from stock option exercises2,109 6,417 
Deferred IPO issuance costs paid— (4,520)
Repurchase of common stock— (3,497)
Proceeds from issuance of common stock upon initial public offering, net of underwriting discounts and commissions— 192,810 
Payment of Series B dividend— (4,969)
Net cash provided by financing activities62,893 186,886 
Net (decrease) increase in cash and cash equivalents and restricted cash (208,826)149,613 
Cash and cash equivalents and restricted cash, beginning of period312,954 171,663 
Cash and cash equivalents and restricted cash, end of period$104,128 $321,276 



ALKAMI TECHNOLOGY, INC.
RECONCILIATION OF GAAP TO NON-GAAP MEASURES
(In thousands, except per share data)
(UNAUDITED)
Three Months Ended
Nine Months Ended
September 30,September 30,
2022202120222021
GAAP total revenues$53,412 $39,761 $148,732 $109,724 
September 30,
20222021
Annual Recurring Revenue (ARR)$213,640 $154,805 
Registered Users13,726 11,408 
Revenue per Registered User (RPU)$15.57 $13.57 
Non-GAAP Cost of Revenues
Set forth below is a presentation of the company’s “Non-GAAP Cost of Revenues.” Please reference the “Explanation of Non-GAAP Measures” section.
Three Months EndedNine Months Ended
September 30,September 30,
2022202120222021
GAAP cost of revenues$25,844 $17,387 $69,081 $49,064 
Amortization(1,530)(117)(2,825)(353)
Stock-based compensation expense(1,244)(544)(3,278)(1,242)
Non-GAAP cost of revenues$23,070 $16,726 $62,978 $47,469 
Non-GAAP Gross Margin
Set forth below is a presentation of the company’s “Non-GAAP Gross Margin.” Please reference the “Explanation of Non-GAAP Measures” section.
Three Months EndedNine Months Ended
September 30,September 30,
2022202120222021
GAAP gross margin51.6 %56.3 %53.6 %55.3 %
Amortization2.9 %0.2 %1.9 %0.3 %
Stock-based compensation expense2.3 %1.4 %2.2 %1.1 %
Non-GAAP gross margin56.8 %57.9 %57.7 %56.7 %
Non-GAAP Research and Development Expense
Set forth below is a presentation of the company’s “Non-GAAP Research and Development Expense.” Please reference the “Explanation of Non-GAAP Measures” section.
Three Months EndedNine Months Ended
September 30,September 30,
2022202120222021
GAAP research and development expense$18,222 $12,877 $48,973 $35,897 
Stock-based compensation expense(3,023)(793)(7,487)(1,795)
Non-GAAP research and development expense$15,199 $12,084 $41,486 $34,102 



Non-GAAP Sales and Marketing Expense
Set forth below is a presentation of the company’s “Non-GAAP Sales and Marketing Expense.” Please reference the “Explanation of Non-GAAP Measures” section.
Three Months EndedNine Months Ended
September 30,September 30,
2022202120222021
GAAP sales and marketing expense$9,721 $7,216 $27,822 $17,858 
Stock-based compensation expense(1,112)(266)(2,859)(609)
Non-GAAP sales and marketing expense$8,609 $6,950 $24,963 $17,249 
Non-GAAP General and Administrative Expense
Set forth below is a presentation of the company’s “Non-GAAP General and Administrative Expense.” Please reference the “Explanation of Non-GAAP Measures” section.
Three Months EndedNine Months Ended
September 30,September 30,
2022202120222021
GAAP general and administrative expense$18,337 $12,415 $54,114 $34,348 
Stock-based compensation expense(6,535)(1,748)(19,332)(4,147)
Non-GAAP general and administrative expense$11,802 $10,667 $34,782 $30,201 
Non-GAAP Net Loss
Set forth below is a presentation of the company’s “Non-GAAP Net Loss.” Please reference the “Explanation of Non-GAAP Measures” section.
Three Months EndedNine Months Ended
September 30,September 30,
2022202120222021
GAAP net loss attributable to common stockholders$(20,049)$(11,219)$(53,688)$(33,750)
Convertible preferred stock deemed and accrued dividends— — — 277 
Provision (benefit) for income taxes(163)— 80 — 
Loss on financial instruments59 — 446 3,035 
Amortization1,900 209 3,621 627 
Stock-based compensation expense11,914 3,352 32,956 7,793 
Acquisition-related expenses, net(1)
737 915 155 2,177 
Non-GAAP net loss$(5,602)$(6,743)$(16,430)$(19,841)
(1) Acquisition-related expenses, net include the accrual of deferred compensation due to the former owner of the acquired business, ACH Alert, in addition to acquisition related-expenses associated with the acquisition of MK and Segmint, primarily related to legal, consulting, and professional fees. These expenses are offset by the $2.7 million gain on contingent consideration related to the purchase of MK.



Adjusted EBITDA
Set forth below is a presentation of the company’s “Adjusted EBITDA.” Please reference the “Explanation of Non-GAAP Measures” section.
Three Months EndedNine Months Ended
September 30,September 30,
2022202120222021
GAAP net loss$(20,049)$(11,219)$(53,688)$(33,473)
Provision (benefit) for income taxes(163)— 80 — 
Loss on financial instruments59 — 446 3,035 
Interest expense, net334 77 953 544 
Depreciation and amortization2,550 802 5,512 2,384 
Stock-based compensation expense11,914 3,352 32,956 7,793 
Acquisition-related expenses, net737 915 155 2,177 
Adjusted EBITDA$(4,618)$(6,073)$(13,586)$(17,540)
(1) Acquisition-related expenses, net include the accrual of deferred compensation due to the former owner of the acquired business, ACH Alert, in addition to acquisition related-expenses associated with the acquisition of MK and Segmint, primarily related to legal, consulting, and professional fees. These expenses are offset by the $2.7 million gain on contingent consideration related to the purchase of MK.


Investor Relations Contact
Steve Calk
Andrew Vinas
ir@alkami.com

Media Relations Contacts
Jennifer Cortez
jennifer.cortez@alkami.com

Katie Schimmel
katie@outlookmarketingsrv.com