Bakkt Results Presentation Deck slide image

Bakkt Results Presentation Deck

2Q23 Condensed balance sheet • $99.4mm of available cash, cash equivalents and available-for-sale securities • Cash usage of $18.2mm includes: A ● ● ● $5.0mm of acquisition-related expenses $2.7mm of payment related to a marketing partnership $1.8mm of insurance costs Capex spend of $6.0mm $mm's Assets Cash cash equivalents Available-for-sale securities Safeguarding asset for crypto Other current assets Total current assets Goodwill Intangible assets, net Other assets Total assets Liabilities and stockholders' equity Current liabilities Safeguarding obligation for crypto Noncurrent liabilities Total liabilities Total stockholders' equity Noncontrolling interest Total equity Total liabilities and stockholders' equity As of 6/30/23 (unaudited) $84.5 14.9 659.7 70.1 $829.2 66.9 67.7 60.0 $1,023.7 $61.3 659.7 42.9 $763.9 83.8 176.1 $259.9 $1,023.7 As of 12/31/22 Note: All financial data on this slide is unaudited. Cash usage is calculated using changes in cash & cash equivalents and available-for-sale securities balances from the GAAP balance sheet over a specified time period. Second quarter 2023 cash usage of $18.2mm is calculated by adding the change in available cash & cash equivalents from 3/31/23 to 6/30/23 of $33.7mm with the change in available-for-sale securities from 3/31/23 to 6/30/23 of ($51.9)mm $98.3 141.1 15.8 71.3 $326.5 15.9 55.8 57.4 $455.5 $76.3 15.8 27.3 $119.4 96.3 239.8 $336.1 $455.5 19
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