Bakkt Holdings, Inc. (BKKT) Reports Q4 Net Loss of $153.1M
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Bakkt Reports Fourth Quarter and Full Year 2021 Results
February 17, 2022 7:30 AM ESTFourth Quarter 2021 net revenue of $2.2 million for Predecessor, $11.5 million for Successor and $13.7 million for Combined (non-GAAP); Combined net revenue (non-GAAP) increased 45% over prior year quarter
Net revenue expected to grow to $60 million - $80 million in 2022, an increase of approximately 50% to 100% compared to 2021 Combined net revenue, respectively
Over $390 million of available cash provides significant growth capital
Signed partnerships across crypto services, loyalty and payments
Activated point conversion capabilities for Wyndham Rewards customers
Financial results include significant... More
