Bakkt Results Presentation Deck
NOTES
Adjusted EBITDA reconciliation
A
$mm's
Net loss
Depreciation and amortization
Interest income, net
Income tax expense (benefit)
EBITDA
Acquisition-related expenses
Share-based and unit-based compensation expense
Cancellation of common units
Loss (gain) from change in fair value of warrant liability
Goodwill and intangible assets impairments
Impairment of long-lived assets
Restructuring expenses
Transition services expense
Adjusted EBITDA loss
Note: All financial data on this slide in unaudited. Adjusted EBITDA is a non-GAAP financial measure.
-
Non-GAAP
3Q23
$(51.7)
4.0
(1.2)
0.2
$(48.7)
(0.7)
3.3
(0.0)
0.2
23.3
0.1
1.0
$(21.6)
2023
$(50.5)
3.8
(0.7)
0.2
$(47.2)
17.0
4.4
(0.4)
0.2
1.5
$(24.5)
3Q22
$(1,592.5)
6.4
(0.6)
(0.6)
$(1,587.4)
0.5
8.8
(0.1)
(0.4)
1,547.7
0.0
0.3
$(30.7)
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