Alkami: Q2 Earnings Snapshot

Audio By Carbonatix

PLANO, Texas (AP) — PLANO, Texas (AP) — Alkami Technology Inc. (ALKT) on Wednesday reported a loss of $12.3 million in its second quarter.

On a per-share basis, the Plano, Texas-based company said it had a loss of 13 cents. Earnings, adjusted for stock option expense and amortization costs, were 4 cents per share.

The provider of digital banking services posted revenue of $82.2 million in the period.

For the current quarter ending in September, Alkami said it expects revenue in the range of $83.8 million to $85.3 million.

The company expects full-year revenue in the range of $330.5 million to $333.5 million.

Alkami shares have risen 35% since the beginning of the year. In the final minutes of trading on Wednesday, shares hit $32.73, a rise of 94% in the last 12 months.

_____

This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on ALKT at https://www.zacks.com/ap/ALKT