And as such, we now expect free cash flow utilization for 2023 to be approximately $100 million. The progress we have highlighted in signing new retail and institutional crypto customers will drive strong backlog going into 2024. Our preliminary guidance for 2024 provides color on the timeline to revenue from these new customers. Bakkt Holdings, Inc. (NYSE:BKKT) Q3 2023 Earnings Conference Call November 14, 2023 9:00 AM ET Company Participants Ann DeVries - Head, IR Gavin Michael - CEO Karen Alexander - CFO ...

| --- | --- | --- | --- | |--------------------------------------------------------------------|--------------------------------------------------------------|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|-------| | Class A Common Stock, par Warrants to purchas ...

25 Note: All financial data on this slide in unaudited. Adjusted EBITDA is a non-GAAP financial measure. 26 27 Note: All financial data on this slide is unaudited. Diluted $(0.19) $(0.17) $(0.05) NOTES Statement of cash flows Free cash flow reconciliation – Non-GAAP Note: All financial data on this slide in unaudited. Free Cash Flow is a non-GAAP financial measure. 30 $80 Bakkt will provide end-to-end bitcoin trading solutions Services offered will include fiat on-ramp, bitcoin trading and qualified custody ...

Bakkt Holdings, Inc. (NYSE:BKKT) Q2 2023 Earnings Conference Call August 10, 2023 9:00 AM ET Ann DeVries - Head, IR Karen Alexander - CFO & Principal Financial Officer Trevor Williams - Jefferies Operator Ann DeVries During today's presentation, in addition to discussing results that are calculated in accordance with generally accepted accounting principles, we will refer to certain non-GAAP financial measures. For more information on this, the basis of the presentation for our financial results and our non ...

As of June 30, 2022, the aggregate amount of the transaction price allocated to the remaining performance obligations related to partially completed contracts is $23.9 million, comprised of $16.0 million of subscription fees and $7.9 million of service fees that are deferred. We recognize our subscription fees as revenue over a weighted-average period of 41 months (ranges from 2 months – 51 months) and our service fees as revenue over approximately 24 months. 14 Table of Contents Contract Costs For the thre ...

Taking all of these factors into account, our gross revenue outlook for the full year is in the range of approximately $1.9 billion to $2.4 billion. We expect crypto costs to be proportionate with these revenue levels, which you can see on this slide. Apex Crypto provides a strong lift to our revenue base even in a year with a tough environment for the crypto market. We're excited about the positive impact it will have on our path to profitability as the environment continues to recover. Moving to the next ...

3.1 Deferred tax liabilities, net 26.3 115.1 outstanding as of 3/31/23 and 80,926,843 shares outstanding as of 12/31/22) outstanding as of 3/31/23 and 183,482,777 shares outstanding as of 12/31/22) 780.0 (0.3) Total stockholders' equity Noncontrolling interest Total equity Total liabilities and stockholders' equity | --- | --- | --- | |---------------------------------------|---------------------------|----------------| | $mm's | As of 3/31/23 (unaudited) | As of 12/31/22 | | Assets | | | | Current assets | ...

This Report contains forward-looking statements within the meaning of the federal securities laws, which statements involve substantial risks and uncertainties. Forward-looking statements generally relate to future events or our future financial or operating performance. You can identify forward-looking statements because they contain words such as "anticipate," "believe," "continue," "could," "estimate," "expect," "intends," "may," "might," "plan," "possible," "potential," "predict," "project," "should," " ...

FORM 10-K OR | --- | --- | |-------------------------------------------------------------------------------------------------|-------------------------------| | | | | | | | Commission File Number: ____________________ | 001-39544 | | Bakkt Holdings, Inc. (Exact Name of Registrant as Specified in its | Charter) | | ____________________ | | | Delaware (State or other jurisdiction of | 98-1550750 (I.R.S. Employer | | incorporation or organization) 10000 Avalon Boulevard, Suite 1000 Alpharetta, Georgia | Identi ...

Fourth Quarter and Important notice This presentation contains "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. Such statements include, but are not limited to, statements regarding the closing of the Apex Crypto acquisition and the resulting impacts from that acquisition and Bakkt's guidance, plans, objectives, expectations and intentions with respect to future operations, expected o ...