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Alkami Technology Posts Narrower Q1 Net Loss, Higher Revenue

05/11/2021 12:30

04:18 PM EDT, 05/11/2021 (MT Newswires) -- Alkami Technology (ALKT) reported Tuesday a Q1 net loss of $2 per share, compared with a loss of $2.31 per share a year earlier.

Two analysts polled by Capital IQ expected a loss of $0.14 per share.

Revenue rose year over year to $33.3 million from $23.2 million. Analysts polled by Capital IQ expected $32.4 million.

The company expects total revenue of $34 million to $35 million in Q2, versus the consensus estimate of $34.1 million. For the full year, it projects revenue of between $144 million and $148 million, versus Street forecast of $143.6 million.

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