Bakkt Reports Fourth Quarter and Full Year 2023 Results
Bakkt Holdings, Inc. (BKKT)
Company Research
Source: Business Wire
Quarterly gross crypto services revenues of $199.4 million and associated crypto costs and execution, clearing and brokerage fees of $197.8 millionQuarterly total revenues of $214.5 million include gross crypto revenues and net loyalty revenues; full year total revenues of $780.1 millionQuarterly total operating expenses of $293.0 million. Quarterly operating expenses excluding crypto costs, execution, clearing and brokerage fees and goodwill, intangible and long-lived assets impairments were $27.8 million, down 55% year-over-yearRecently completed initial closing of $42.4 million of gross proceeds from concurrent registered direct offerings with third-party investors and Intercontinental Exchange (“ICE”) to strengthen liquidity and balance sheet positionExpansion of institutional crypto capabilities with recent launch of Collaborative Custody and expected launch of institutional trading services in Q3 2024Updated expected full year 2024 outlook. Total revenues for full year 2024 expe
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BKKT
News
- Crypto platform Bakkt to lay off 28 employees [Seeking Alpha]Seeking Alpha
- Bakkt Schedules Conference Call to Discuss First Quarter 2024 Results [Yahoo! Finance]Yahoo! Finance
- Bakkt Schedules Conference Call to Discuss First Quarter 2024 ResultsBusiness Wire
- Bakkt announces 1-for-25 reverse stock split [Seeking Alpha]Seeking Alpha
- Bakkt Announces Reverse Stock Split [Yahoo! Finance]Yahoo! Finance
BKKT
Earnings
- 3/25/24 - Miss
BKKT
Sec Filings
- 5/3/24 - Form 8-K
- 4/29/24 - Form 4
- 4/29/24 - Form SC
- BKKT's page on the SEC website