PLANO, Texas (AP) — PLANO, Texas (AP) — Alkami Technology Inc. (ALKT) on Thursday reported a loss of $14.8 million in its third quarter.
On a per-share basis, the Plano, Texas-based company said it had a loss of 14 cents. Earnings, adjusted for stock option expense and amortization costs, came to 13 cents per share.
The provider of digital banking services posted revenue of $113 million in the period.
For the current quarter ending in December, Alkami said it expects revenue in the range of $119.6 million to $121.1 million.
The company expects full-year revenue in the range of $442.5 million to $444 million.
Alkami shares have decreased 40% since the beginning of the year. In the final minutes of trading on Thursday, shares hit $22.07, a drop of 42% in the last 12 months.
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