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![ALKAMI TECHNOLOGY, INC. [ALKT] reports annual net loss of $62,913,000.0](/_next/image?url=https%3A%2F%2F10kinfo-appdata.s3.us-west-2.amazonaws.com%2Fedgar0105%2FCompanyLogos%2FUS%2FALKT.png&w=1200&q=75)
ALKAMI TECHNOLOGY, INC. [ALKT] has reported a net loss of $62,913,000.0 for year ended Dec 31, 2023.
The Company said in a filing before the Securities and Exchange Commission that its total revenue for the year was $264.8 million
Based in PLANO, Texas, ALKAMI TECHNOLOGY, INC. operates in the SERVICES sector.
In the Annual Report for the 12-Month Period Ended December 31, 2023, compared to the same period in the previous year:
- Revenues for the current period were $264.8 million, an increase from $204.3 million in the previous year.
- Cost of revenues for the current period stood at $120.7 million, up from $95.9 million in the previous year.
- Gross profit rose to $144.1 million in the current period from $108.3 million in the previous year.
- Operating expenses, including research and development, sales and marketing, and general and administrative costs, totaled $207.8 million for the current period, compared to $166.0 million in the previous year.
- The company reported a loss from operations of $63.7 million in the current period, an increase from a loss of $57.7 million in the previous year.
- Non-operating income showed a mixed trend, with interest income rising to $8.1 million in the current period from $2.7 million in the previous year, while interest expense also increased to $7.4 million from $3.9 million.
- The net loss for the current period was $62.9 million, higher than the net loss of $58.6 million in the previous year.
- The basic and diluted net loss per share for common stockholders were both reported at $(0.67) for the current period, compared to $(0.64) in the previous year.
- The weighted average number of shares of common stock outstanding increased to 94.1 million shares in the current period from 91.0 million shares in the previous year.