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Bakkt Holdings | 8-K: Bakkt Reports Third Quarter 2024 Results

Bakkt Holdings | 8-K: Bakkt Reports Third Quarter 2024 Results

Bakkt Holdings | 8-K:Bakkt 公布2024年第三季度业绩
美股SEC公告 ·  2024/11/15 06:24

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Bakkt Holdings reported Q3 2024 financial results with total revenues of $328.4 million, up 60.4% YoY. Net loss improved significantly by 87.8% YoY to $6.3 million, benefiting from a $20 million gain on warrant liability. Operating loss decreased 48.2% to $27.4 million, while Adjusted EBITDA loss increased 9.7% to $23.7 million.The company announced successful testing of its institutional trading platform BakktX, with rollout planned for Q4 2024. Trading volumes have surged in November, reaching $279 million by November 12th, surpassing October's total of $165 million. The company is also considering winding down Bakkt Trust due to margin compression and high regulatory capital requirements.For full-year 2024 guidance, Bakkt expects loyalty revenue of $49-50 million, lower than previous guidance. Gross crypto revenue is projected at the lower end of $10-15 million range. The company forecasts year-end cash and equivalents of $34-39 million, with operating cash usage of $84-89 million.
Bakkt Holdings reported Q3 2024 financial results with total revenues of $328.4 million, up 60.4% YoY. Net loss improved significantly by 87.8% YoY to $6.3 million, benefiting from a $20 million gain on warrant liability. Operating loss decreased 48.2% to $27.4 million, while Adjusted EBITDA loss increased 9.7% to $23.7 million.The company announced successful testing of its institutional trading platform BakktX, with rollout planned for Q4 2024. Trading volumes have surged in November, reaching $279 million by November 12th, surpassing October's total of $165 million. The company is also considering winding down Bakkt Trust due to margin compression and high regulatory capital requirements.For full-year 2024 guidance, Bakkt expects loyalty revenue of $49-50 million, lower than previous guidance. Gross crypto revenue is projected at the lower end of $10-15 million range. The company forecasts year-end cash and equivalents of $34-39 million, with operating cash usage of $84-89 million.
Bakkt Holdings公布了2024年第三季度的财务报告,总营业收入为32840万美元,同比增长了60.4%。净亏损同比显著改善,减少了87.8%,降至630万美元,受益于2000万美元的认股权证负债收益。运营亏损减少48.2%,降至2740万美元,而调整后的EBITDA亏损增加9.7%,达到了2370万美元。公司宣布成功测试其机构交易平台BakktX,计划于2024年第四季度推出。交易量在11月份激增,截至11月12日已达到27900万美元,超过了10月份的总额16500万美元。公司还在考虑因保证金压缩和高监管资本要求而逐步关闭Bakkt Trust。对于2024年全年的指引,Bakkt预计忠诚度营业收入将在4900万到5000万美元之间,低于之前的预测。预计毛加密货币收入将位于1000万到1500万美元的低区间。公司预测年末现金及现金等价物将在3400万到3900万美元之间,运营现金使用将为8400万到8900万美元。
Bakkt Holdings公布了2024年第三季度的财务报告,总营业收入为32840万美元,同比增长了60.4%。净亏损同比显著改善,减少了87.8%,降至630万美元,受益于2000万美元的认股权证负债收益。运营亏损减少48.2%,降至2740万美元,而调整后的EBITDA亏损增加9.7%,达到了2370万美元。公司宣布成功测试其机构交易平台BakktX,计划于2024年第四季度推出。交易量在11月份激增,截至11月12日已达到27900万美元,超过了10月份的总额16500万美元。公司还在考虑因保证金压缩和高监管资本要求而逐步关闭Bakkt Trust。对于2024年全年的指引,Bakkt预计忠诚度营业收入将在4900万到5000万美元之间,低于之前的预测。预计毛加密货币收入将位于1000万到1500万美元的低区间。公司预测年末现金及现金等价物将在3400万到3900万美元之间,运营现金使用将为8400万到8900万美元。
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