Bakkt Q4 revenue $214.5M, net loss $78.7M; 2024 outlook revenue $3.3B-$5.1B

Bakkt, Inc.

Q4 total revenues $214.5M (gross crypto $199.4M); full year $780.1M.
Q4 adjusted EBITDA loss $19.0M (improved 38% YoY), net loss $78.7M.
Closed $42.4M registered direct offering with ICE and others, alleviating going concern doubt.
2024 guidance: revenue $3,292M-$5,114M; operating cash flow usage $58M-$72M (down ~70% YoY).
Launched Collaborative Custody; institutional trading venue expected Q3 2024.

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 0.85

Bakkt, Inc. reported financial results for the quarter and year ended December 31, 2023.

Period: the quarter and year ended December 31, 2023
Result: reported results

Exact text from the filing

On March 25, 2024 , Bakkt Holdings, Inc. (the “Company”) issued a press release regarding the Company’s results for the quarter and year ended December 31, 2023.

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Bakkt, Inc. filing history →

Source: SEC EDGAR

accession 0001820302-24-000055

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