secwatch.observer — SEC 8-K summary
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Issuer:     Bakkt, Inc. (BKKT)
CIK:        0001820302
Form:       8-K
Filed at:   2024-02-29T23:59:59+00:00
Accession:  0001820302-24-000031
Event type: earnings
Sentiment:  neutral
Materiality: 0.40
Item codes: 2.02, 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1820302/000182030224000031/0001820302-24-000031-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1820302/000182030224000031/bakkt-20240229.htm
  HTML page:      https://secwatch.observer/filing/0001820302-24-000031

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