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Alkami Announces Second Quarter 2021 Financial Results Exhibit 99.1 PLANO , Texas ( August 4 , 2021 ) - Alkami Technology , Inc. ( " Alkami " ) , a leading cloud - based digital banking solutions provider for U.S. - based financial institutions , announced today results for its second quarter ending June 30 , 2021 . Second Quarter 2021 Financial Highlights GAAP total revenues of $ 36.7 million , an increase of 38 % year - over - year ; GAAP gross margin of 55.9 % , an expansion of over 550 basis points year - over - year ; Non - GAAP gross margin of 57.5 % , an expansion of over 680 basis points year - over - year ; GAAP net loss of ( $ 11.4 ) million compared to a net loss of ( $ 7.3 ) million in the prior year quarter ; and Adjusted EBITDA loss of ( $ 5.4 ) million compared to a loss of ( $ 6.0 ) million in the prior year quarter . Comments on the News " Second quarter financial results were strong and validate our team's dedication to the goal of being the best - of - breed digital banking platform for our industry , " said Mike Hansen , Chief Executive Officer . “ We introduced new features and functionality as part of two code releases during the quarter that focused on our key innovation areas of UI / UX , business banking , open platform capabilities and data solutions . We believe a relentless focus on innovation will drive client demand and revenue growth over the long term . We believe this focus , in part , enabled us to secure three new key banks during July . " " Second quarter financial results were above our expectations , " said Bryan Hill , Chief Financial Officer . " We added over 740,000 digital banking users to our platform during the second quarter , exited the quarter with 10.7 million digital banking users on our platform , annual recurring revenue of $ 144.7 million and revenue per user of $ 13.48 . We expect to continue to invest in our go - to - market capabilities as well as innovation to drive revenue growth over the long term as we march towards profitability . " 2021 Financial Outlook Alkami's financial outlook is based on current expectations . The following statements are forward - looking and actual results could differ materially depending on market conditions and the factors set forth under “ Cautionary Statement Regarding Forward - Looking Statements . " Alkami management expects to achieve the following results during the third quarter ending September 30 , 2021 : GAAP total revenue is expected to be in the range of $ 38.0 million to $ 39.0 million ; Adjusted EBITDA loss is expected to be in the range of ( $ 7.5 ) million to ( $ 6.5 ) million . Alkami management expects to achieve the following results during the calendar year ending December 31 , 2021 : GAAP total revenue is expected to be in the range of $ 148.0 million to $ 151.0 million ; Adjusted EBITDA loss is expected to be in the range of ( $ 24.5 ) million to ( $ 22.5 ) million . Conference Call Information The Company will host a conference call at 5:00 p.m. ET today to discuss its financial results with investors . A live webcast of the event will be available on the Alkami investor relations website at investors.alkami.com . In addition , a live dial - in will be available domestically at 800-708-4540 and internationally at 847-619-6937 using passcode 50201363. A replay will be available on the " News & Events ” page of the Alkami investor relations website . About Alkami Alkami Technology , Inc. is a leading cloud - based digital banking solutions provider for financial institutions in the United States that enables clients to grow confidently , adapt quickly and build thriving digital communities . The Alkami Platform is the digital banking and fraud mitigation platform of choice for over 260 financial institutions . Alkami's investments have resulted in a premium platform that has enabled it to replace older , larger and better - funded incumbents and provide clients with world - class experiences reflecting their individual digital strategies . Cautionary Statement Regarding Forward - Looking Statements This press release contains " forward - looking " statements relating to Alkami Technology , Inc.'s strategy , goals , future focus areas , and expected , possible or assumed future results , including its future cash flows and its financial outlook for the third quarter ending September 30 , 2021 and for the full year ending December 31 , 2021. These forward - looking statements are based on management's beliefs and assumptions and on information currently available to management . Forward - looking statements include all statements that are not historical facts and may be identified by terms such as " expects , " " believes , " " plans , " or similar expressions and the negatives of those terms . These forward - looking statements involve known and unknown risks , uncertainties , and other factors that may cause actual results , performance or achievements to be materially different from any future results , performance or achievements , expressed or implied by the forward - looking statements , including the uncertainty associated with the potential impacts of the COVID - 19 pandemic on our business , financial condition , and results of operations . We may be required to revise the results contained herein upon finalizing our review of our quarterly results , which could cause or contribute to such differences . Factors that may materially affect such forward - looking statements include : Our limited operating history and history of operating losses ; our ability to manage future growth ; our ability to attract new clients and expand existing clients ' use of our solutions ; our ability to maintain , protect and enhance our brand ; our ability to accurately predict the long - term rate of client subscription renewals or adoption of our solutions ; our reliance on third - party software , content and services ; our ability to effectively integrate our solutions with other systems used by our clients ; intense competition in our industry ; any downturn , consolidation or decrease in technology spend in the financial services industry ; our ability and the ability of third parties on which we rely to prevent and identify breaches of security measures and resulting disruptions of our systems or operations and unauthorized access to client customer and other data ; our ability to successfully integrate acquired companies or businesses ; our ability to comply with regulatory and legal requirements and developments ; our ability to attract and retain key employees ; the political , economic and competitive conditions in the markets and jurisdictions where we operate ; our ability to maintain , develop and protect our intellectual property ; our ability to respond to evolving technological requirements and to develop or acquire new and enhanced products that achieve market acceptance in a timely manner ; and our ability to estimate our expenses , future revenues , capital requirements , our needs for additional financing and our ability to obtain additional capital . We undertake no obligation to update or revise any forward - looking statements , whether as a result of new information , future events or otherwise , except as required by applicable law .