Bakkt Results Presentation Deck
NOTES
Statement
operations
of
bakkt
Revenues:
Net revenues (includes related party net revenues of $20 and
affiliate net revenues of $(26), respectively)
Operating expenses:
Compensation and benefits
Professional services
Technology and communication
Selling, general and administrative
Acquisition-related expenses
Depreciation and amortization
Related party expenses (affiliate in Predecessor periods)
Impairment of long-lived assets
Other operating expenses
Total operating expenses
Operating loss
Interest income (expense), net
Gain from change in fair value of warrant liability
Other income (expense), net
Loss before income taxes
Income tax benefit (expense)
Net loss
Less: Net loss attributable to noncontrolling interest
Net loss attributable to Bakkt Holdings, Inc.
Net loss per share attributable to Bakkt Holdings, Inc.
Class A common stockholders per share:
Basic
Diluted
1Q22
Successor
$12.5
35.1
4.7
4.4
9.4
0.5
5.9
0.4
0.0
0.7
61.0
(48.5)
0.1
2.4
(0.5)
(46.5)
3.1
(43.3)
(36.2)
$(7.1)
$(0.12)
$(0.14)
10/15/21 - 10/1/21-
12/31/21 10/14/21
$11.5
62.2
3.0
3.1
8.5
1.6
5.4
0.6
1.2
0.4
86.0
(74.5)
0.0
(79.4)
0.8
(153.1)
(11.8)
(164.8)
(120.8)
$(44.0)
Predecessor
$(0.81)
$(0.81)
$2.2
33.9
0.2
0.5
0.8
12.7
0.5
0.1
3.6
0.3
52.6
(50.5)
(0.0)
0.0
0.0
(50.5)
0.8
(49.7)
1Q21
$8.1
15.2
0.9
2.8
6.1
7.8
2.8
0.5
0.0
0.4
36.6
(28.4)
(0.0)
0.0
(0.3)
(28.8)
(0.0)
(28.8)
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