PLANO, Texas (AP) — PLANO, Texas (AP) — Alkami Technology Inc. (ALKT) on Thursday reported a loss of $7.6 million in its fourth quarter.
On a per-share basis, the Plano, Texas-based company said it had a loss of 8 cents. Earnings, adjusted for stock option expense and amortization costs, were 10 cents per share.
The provider of digital banking services posted revenue of $89.7 million in the period, which topped Street forecasts. Three analysts surveyed by Zacks expected $89.5 million.
For the year, the company reported that its loss narrowed to $40.8 million, or 41 cents per share. Revenue was reported as $333.8 million.
For the current quarter ending in March, Alkami said it expects revenue in the range of $93.5 million to $95 million.
The company expects full-year revenue in the range of $440 million to $445 million.
Alkami shares have declined 21% since the beginning of the year. In the final minutes of trading on Thursday, shares hit $28.96, a rise of 13% in the last 12 months.
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