ALKAMI TECHNOLOGY INC
For the period ended Jun 30, 2024. Filed Aug 1, 2024.
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A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.
Jun 30, 2024 · Filed Aug 1, 2024
ALKT$14.16-0.4%Stored close · as of Nov 10, 2026
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Unaudited Condensed Consolidated Statements of Operations
CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS
| Three months ended June 30, | Six months ended June 30, | |||
|---|---|---|---|---|
| 2024 | 2023 | 2024 | 2023 | |
| Revenues | $82,160 | $65,763 | $158,287 | $125,759 |
| Cost of revenues(1) | 33,389 | 30,289 | 65,484 | 58,147 |
| Gross profit | 48,771 | 35,474 | 92,803 | 67,612 |
| Operating expenses: | ||||
| Research and development | 23,909 | 20,866 | 46,729 | 41,415 |
| Sales and marketing | 16,964 | 13,883 | 30,807 | 24,761 |
| General and administrative | 20,612 | 18,207 | 39,927 | 35,318 |
| Acquisition-related expenses | 135 | 34 | 195 | 220 |
| Amortization of acquired intangibles | 358 | 357 | 717 | 717 |
| Total operating expenses | 61,978 | 53,347 | 118,375 | 102,431 |
| Loss from operations | (13,207) | (17,873) | (25,572) | (34,819) |
| Non-operating income (expense): | ||||
| Interest income | 1,261 | 2,016 | 2,343 | 3,742 |
| Interest expense | (74) | (1,826) | (147) | (3,583) |
| (Loss) gain on financial instruments | (112) | 10 | — | 220 |
| Loss before income taxes | (12,132) | (17,673) | (23,376) | (34,440) |
| Provision for income taxes | 185 | 88 | 374 | 284 |
| Net loss | $(12,317) | $(17,761) | $(23,750) | $(34,724) |
| Net loss per share attributable to common stockholders: | ||||
| Basic and diluted | $(0.13) | $(0.19) | $(0.24) | $(0.37) |
| Weighted-average number of shares of common stock outstanding: | ||||
| Basic and diluted | 98,103,527 | 93,334,725 | 97,524,379 | 92,868,623 |
(1) Includes amortization of acquired technology of $1.4 million for both the three months ended June 30, 2024 and 2023, and $2.7 million for both the six months ended June 30, 2024 and 2023.
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