Bakkt (US:BKKT)2026-01-20 11:05Financial Projections - Bakkt's estimated gross digital asset revenues for Q4 2025 are projected to be between $298 million and $300 million[8] - Total digital asset costs and execution, clearing, and brokerage fees for Q4 2025 are estimated to be in the range of $297 million to $299 million[8] - Estimated available cash, cash equivalents, and restricted cash at December 31, 2025, are projected to be between $26 million and $28 million[8] - Net cash used in operating activities for Q4 2025 is estimated to be between $19 million and $21 million, including a customer deposit return of approximately $6.3 million[8] - Net cash used in investing activities for Q4 2025 is estimated to be between $12 million and $14 million, with significant cash outflows related to the sale of the Loyalty Business[8] Corporate Events - Bakkt plans to host an Investor Day on March 17, 2026, to discuss its financial results in detail[8] Legal Matters - The company has filed a complaint against the purchaser of its Loyalty Business for breach of contract regarding the return of approximately $5 million[10] Investments and Acquisitions - Bakkt has invested approximately $10 million in warrants for Transchem Ltd., with potential plans for further acquisitions in India[11] - The acquisition of Distributed Research Technologies is expected to enhance Bakkt's infrastructure and growth strategy[15] Risks and Compliance - Bakkt's future capital requirements and cash sources are subject to various risks, including regulatory changes and market volatility[15] - The company has made forward-looking statements based on information available as of the report date, with no obligation to update these statements[17] - The report is signed by Marc D'Annunzio, General Counsel and Secretary, indicating official acknowledgment of the contents[20] - The filing complies with the Securities Exchange Act of 1934, ensuring regulatory adherence[19]