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    Alex SmithJPMorgan Chase & Co.

    Alex Smith's questions to Alkami Technology Inc (ALKT) leadership

    Alex Smith's questions to Alkami Technology Inc (ALKT) leadership • Q4 2024

    Question

    Alex Smith asked for an update on the long-term gross profit margin trajectory, given MANTL's accretive nature, and how MANTL's initial EBITDA loss would be allocated across operating expenses.

    Answer

    CFO W. Hill reiterated the 65% gross margin target for 2026, noting they are ahead of schedule and that MANTL will be accretive by about 100 basis points. He detailed that MANTL's projected $5M EBITDA loss in 2025 would be spread across Q2-Q4 and that its OpEx structure is slightly heavier on sales and marketing but otherwise aligns with Alkami's.

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