Alkami Technology, Inc. (NASDAQ:ALKT) Q3 2023 Earnings Conference Call November 1, 2023 5:00 PM ET
Company Participants
Steve Calk - Head Of Investor Relations
Alex Shootman - Chief Executive Officer
Bryan Hill - Chief Financial Officer
Conference Call Participants
Bob Napoli - William Blair
Sam Salvas - Needham & Company
Adam Hotchkiss - Goldman Sachs
Patrick Walravens - JMP Securities LLC
Jacob Stephan - Lake Street
Daniel Hibshman - Craig-Hallum
Operator
Hello and welcome to the Alkami Third Quarter 2023 Financial Results Conference Call. My name is Betsy and I will be your operator for today's call. [Operator Instructions] please note this event is being recorded.
I would now like to turn the conference over to Steve Calk. Steve, you may begin.
Steve Calk
Thank you, Betsy. With me on today's call are Alex Shootman, Chief Executive Officer; and Bryan Hill, Chief Financial Officer.
During today's call, we may make forward-looking statements about guidance and other matters regarding our future performance. These statements are based on management's current views and expectations and are subject to various risks and uncertainties. Our actual results may be materially different. For a summary of risk factors associated with our forward-looking statements, please refer to today's press release and the sections in our [indiscernible] Form 10-K entitled Risk Factors and Forward-Looking Statements. This is made during the call today are being made as of today and we undertake no obligation to update or revise any forward-looking statements, also unless otherwise stated, financial measures discussed on this call will be on a non-GAAP basis. We believe these measures are useful to investors in the understanding of our financial results. A reconciliation of the comparable GAAP financial measures can be found in our earnings press release and in our filings with the SEC.
I'd like to now turn the call over to Alex.
Alex Shootman
Thank you, Steve and good afternoon, everyone. The third quarter was another good quarter for Alkami as we grew revenue 27% once again ahead of our expectations. In addition, we achieved positive adjusted EBITDA 1 quarter sooner than we committed and we are adding and keeping users at a better pace than any other digital banking provider. Over the last 12 months, we added 3.2 million Digital users to our platform. And as we approach the end of 2023, we do not expect to lose a single client off of our digital banking platform this year.