Bakkt (BKKT) - 2023 Q4 - Annual Results

Exhibit 99.1 Quarterly gross crypto services revenues of $199.4 million and associated crypto costs and execution, clearing and brokerage fees of $197.8 million Quarterly 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-year Expansion of institutional crypto capabilities with recent launch of Collaborative Custody and expecte ...