Bakkt Results Presentation Deck
FINANCIAL RESULTS
4022 Adjusted EBITDA (non-GAAP)
4022 Adjusted
EBITDA
loss of $(30.5)mm
increased YoY due to
higher non-share-
based and unit-
based compensation
costs
A
$mm's (unaudited)
Net loss
Depreciation and amortization
Interest (income) expense, net
Income tax (benefit) expense
EBITDA
Acquisition-related transaction costs
Share-based and unit-based compensation expense
(Gain) loss from change in fair value of warrant liability
Goodwill and intangible assets impairments
Impairment of long-lived assets
Retructuring expenses
Other¹
Adjusted EBITDA loss
4Q22
$(323.9)
Successor
7.5
2.9
(3.5)
271.9
11.5
2.3
0.3
$(30.5)
3Q22
$(1,592.5)
7.0
6.4
(0.6)
(1.0)
(2.5)
(0.6)
$(320.4) $(1,587.4)
0.5
8.8
(0.4)
1,547.7
0.2
$(30.7)
10/15/2021
12/31/2021
$(164.8)
5.4
11.8
$(147.7)
1.6
45.9
79.4
1.2
(0.9)
$(20.5)
Predecessor
10/1/2021
10/14/2021
$(49.7)
0.5
(0.8)
$(49.9)
12.7
30.7
3.6
$(2.9)
Note: All financial data on this slide is unaudited. Adjusted EBITDA is a non-GAAP financial measure. For more information, please refer to the Notes section in this presentation.
¹ Other comprised of ICE transition services expense and cancellation of common units in the quarterly 2021 and 2022 periods, as well as gain on extinguishment of software license liability in the
quarterly 2021 periods.
16View entire presentation