2023-05-11 07:33:03 ET
- Bakkt Holdings press release ( NYSE: BKKT ): Q1
- Revenue of $13M (+4.0% Y/Y) misses by $1.47M .
- Net loss of -$44.9M increased 4% year-over-year.
- Adjusted EBITDA loss of -$28.9M was flat year-over-year as higher non-share-based and unit-based compensation costs were offset by lower marketing costs and professional service fees.
- Apex Crypto Full Year 2023 Outlook : Apex Crypto acquisition closed on April 1, 2023. Full year 2023 gross revenue expected to be ~$1,874 million - $2,384 million.
- Full year 2023 outlook for crypto costs and execution, clearing and brokerage fees of ~$1,868 million – $2,376 million.
- Financial results for remainder of 2023 expected to be approximately free cash flow breakeven, excluding deal costs.
For further details see:
Bakkt Holdings reports Q1 results; updates FY23 outlook