PLANO, Texas (AP) — PLANO, Texas (AP) — Alkami Technology Inc. (ALKT) on Wednesday reported a loss of $12.7 million in its fourth 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 non-recurring costs, came to 3 cents per share.

The provider of digital banking services posted revenue of $71.4 million in the period, surpassing Street forecasts. Three analysts surveyed by Zacks expected $71.1 million.

For the year, the company reported that its loss widened to $62.9 million, or 67 cents per share. Revenue was reported as $264.8 million.

For the current quarter ending in March, Alkami said it expects revenue in the range of $74.5 million to $76 million.

The company expects full-year revenue in the range of $327 million to $333 million.

Alkami shares have increased slightly more than 6% since the beginning of the year. In the final minutes of trading on Wednesday, shares hit $25.81, an increase of 68% in the last 12 months.

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