PLANO, Texas (AP) — PLANO, Texas (AP) — Alkami Technology Inc. (ALKT) on Wednesday reported a loss of $13.6 million in its second quarter.
On a per-share basis, the Plano, Texas-based company said it had a loss of 13 cents. Earnings, adjusted for stock option expense and amortization costs, were 13 cents per share.
The provider of digital banking services posted revenue of $112.1 million in the period.
For the current quarter ending in September, Alkami said it expects revenue in the range of $112.5 million to $114 million.
The company expects full-year revenue in the range of $443 million to $447 million.
Alkami shares have decreased 29% since the beginning of the year. In the final minutes of trading on Wednesday, shares hit $26.16, a decline of 20% in the last 12 months.
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