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Alkami: Q2 Earnings Snapshot

August 3, 2022 GMT

PLANO, Texas (AP) _ Alkami Technology Inc. (ALKT) on Wednesday reported a loss of $20.2 million in its second quarter.

The Plano, Texas-based company said it had a loss of 22 cents per share. Losses, adjusted for stock option expense and amortization costs, came to 8 cents per share.

The provider of digital banking services posted revenue of $50.5 million in the period, which topped Street forecasts. Three analysts surveyed by Zacks expected $48 million.

For the current quarter ending in October, Alkami said it expects revenue in the range of $51.5 million to $52.5 million.

The company expects full-year revenue in the range of $201 million to $203.5 million.

Alkami shares have decreased 27% since the beginning of the year. In the final minutes of trading on Wednesday, shares hit $14.66, a decline of 52% in the last 12 months.

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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