Bakkt preliminary FY2023 revenue $778-780M, within guidance; cash at $68-70M

Bakkt, Inc.

2023-FY EPS reported -$0.84 revenue$780,136,000

Q4 2023 total revenue estimated at $213M-$215M; full-year revenue $778M-$780M, within prior guidance of $750M-$1,268M.
Net loyalty revenue full-year $51M-$53M, in line with guidance of $53M.
Cash, equivalents and securities at year-end 2023: $68M-$70M.
FY2023 operating cash burn (ex-customer funds) $87M-$89M; free cash flow usage $100M-$102M, both within guidance.
Results are preliminary, subject to revision upon completion of 10-K.

item 2.02 item 8.01 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.9

Bakkt, Inc. reported fiscal year 2023 results: revenue $778 million to $780 million. Guidance reaffirmed.

Period: fiscal year 2023
Revenue: $778 million to $780 million
Guidance: reaffirmed
Result: preliminary results

Exact text from the filing

Total revenues for fiscal year 2023 are estimated to be in a range of $778 million to $780 million, which is expected to be in line with prior guidance of between $750 million and $1,268 million.

View on SEC.gov

Earnings Releases SEC 8-K Item 2.02 confidence 0.9

Bakkt, Inc. reported the fourth quarter of 2023 results: revenue $213 million to $215 million.

Period: the fourth quarter of 2023
Revenue: $213 million to $215 million
Result: preliminary results

Exact text from the filing

Total revenues for the fourth quarter of 2023 are estimated to be in a range of $213 million to $215 million.

View on SEC.gov

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

Bakkt, Inc. filing history →

Source: SEC EDGAR

accession 0001820302-24-000031

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