Alkami Sees Q1 GAAP Total Revenue $74.5M-$76M vs $75.8M Est., Sees FY24 $327M-$333M vs $331.02M Est.
Portfolio Pulse from Benzinga Newsdesk
Alkami Technology, Inc. (ALKT) forecasts its Q1 GAAP total revenue to be between $74.5M and $76M, compared to the estimated $75.8M. For the fiscal year 2024, the company expects revenue to range from $327M to $333M, against analysts' expectations of $331.02M.
February 28, 2024 | 10:20 pm
News sentiment analysis
Sort by:
Ascending
NEUTRAL IMPACT
Alkami Technology, Inc. (ALKT) provides a Q1 revenue forecast between $74.5M and $76M, slightly below the consensus estimate of $75.8M. The FY24 revenue outlook is set between $327M and $333M, closely aligning with the $331.02M analyst consensus.
Alkami's Q1 revenue forecast is marginally below the analyst estimate, which could indicate a cautious outlook but is not significantly off to suggest a negative trend. The FY24 revenue projection closely matches analyst expectations, suggesting stability and confidence in the company's growth trajectory. Given the close alignment with expectations, the short-term impact on ALKT's stock price is likely to be neutral. The slight underperformance in Q1 may be offset by the overall positive outlook for FY24.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100