Alkami Technology: Potential Revenue Uplift From Reduced Sales Cycle [Seeking Alpha]
Alkami Technology, Inc. (ALKT)
Company Research
Source: Seeking Alpha
ALKT stock performance has been lackluster since going public in 2021, but it has made a significant rebound over the past year. I expect further investments into improving technology capabilities in FY 2024 to drive down sales and implementation cycle, increasing win rates. Alkami Technology ( NASDAQ: ALKT ) is a US-based fintech company providing digital banking solutions for community and regional financial institutions (FI). These FIs are often smaller than the top-tier nationwide or multinational FIs in terms of AUM and are also often under-digitalized from operational standpoint, because of their reliance on physical locations often scattered outside metropolitan areas. As such, despite the continued strong demand for digital banking, I could see how serving these underserved segments could be costly for leading enterprise digital banking providers like Temenos or FIS. In the meantime, there appears to be a solid business opportunity in serving this segment, which is made
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ALKT
News
- Alkami Releases Digital Banking Performance Metrics Report in Partnership with Cornerstone Advisors [Yahoo! Finance]Yahoo! Finance
- Alkami Releases Digital Banking Performance Metrics Report in Partnership with Cornerstone AdvisorsPR Newswire
- Troubling Trends In Digital Banking: Does Digital Impact Bank Profits? [Forbes]Forbes
- Alkami to Announce First Quarter 2024 Financial ResultsGlobeNewswire
- Alkami Launches SDK Wizard "Merlin," Furthering the Company's TechFin Initiative [Yahoo! Finance]Yahoo! Finance
ALKT
Earnings
- 2/28/24 - Miss
ALKT
Sec Filings
- 4/15/24 - Form 4
- 4/8/24 - Form 4
- 4/8/24 - Form 4
- ALKT's page on the SEC website