Bakkt Q1 net revenues $13M (+4% YoY); Apex Crypto acquisition closed April 1

Bakkt, Inc.

2023-Q1 EPS reported -$0.17 revenue$12,986,000

Q1 net revenues $13.0M, up 4% YoY; operating expenses $58.4M, down 4% YoY.
Net loss $44.9M vs $43.3M in Q1 2022; adjusted EBITDA loss $28.9M flat YoY.
Apex Crypto acquisition closed April 1, adding ~5.8M crypto-enabled accounts.
Full year 2023 Apex Crypto gross revenue outlook $1,874M-$2,384M; expects free cash flow breakeven for remainder of 2023 excluding deal costs.
Transacting accounts ~690,000 (+2% YoY); digital asset conversion volume $193M (+6% YoY).

item 2.02 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.95

Bakkt, Inc. reported the quarter ended March 31, 2023 results: revenue $13.0 million, net income $(44.9) million.

Period: the quarter ended March 31, 2023
Revenue: $13.0 million
Net income: $(44.9) million
Result: reported results

Exact text from the filing

Bakkt Reports First Quarter 2023 Results Quarterly net revenues of $13.0 million, increased 4% year-over-year

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8 earnings releases filed in the last 30 days. Browse all earnings releases →

Bakkt, Inc. filing history →

Source: SEC EDGAR

accession 0001820302-23-000056

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