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Bakkt Holdings | 10-Q: Q3 2024 Earnings Report

Bakkt Holdings | 10-Q: Q3 2024 Earnings Report

Bakkt Holdings | 10-Q:2024財年三季報
美股SEC公告 ·  2024/11/14 13:26

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Bakkt Holdings reported Q3 2024 revenue of $328.4 million, a 65% increase from $204.8 million in Q3 2023, driven primarily by higher crypto trading volume. Crypto services revenue rose 65% to $316.3 million, while loyalty services revenue declined 7.2% to $12.1 million. The company posted a net loss of $6.3 million, significantly narrowed from $51.7 million loss in Q3 2023.Operating expenses increased to $355.8 million from $257.6 million year-over-year, mainly due to higher crypto trading costs. The company maintained strong liquidity with $29.0 million in cash and cash equivalents, plus $35.3 million in restricted cash and $6.7 million in available-for-sale securities as of September 30, 2024.Management secured a $40 million revolving credit facility from ICE in August 2024 and raised $46.5 million through concurrent offerings in March-April 2024. The company continues to optimize operations through restructuring initiatives expected to yield approximately $13 million in cash savings over the next 12 months, while expanding its crypto trading platform with nine new coins added in September 2024.
Bakkt Holdings reported Q3 2024 revenue of $328.4 million, a 65% increase from $204.8 million in Q3 2023, driven primarily by higher crypto trading volume. Crypto services revenue rose 65% to $316.3 million, while loyalty services revenue declined 7.2% to $12.1 million. The company posted a net loss of $6.3 million, significantly narrowed from $51.7 million loss in Q3 2023.Operating expenses increased to $355.8 million from $257.6 million year-over-year, mainly due to higher crypto trading costs. The company maintained strong liquidity with $29.0 million in cash and cash equivalents, plus $35.3 million in restricted cash and $6.7 million in available-for-sale securities as of September 30, 2024.Management secured a $40 million revolving credit facility from ICE in August 2024 and raised $46.5 million through concurrent offerings in March-April 2024. The company continues to optimize operations through restructuring initiatives expected to yield approximately $13 million in cash savings over the next 12 months, while expanding its crypto trading platform with nine new coins added in September 2024.
Bakkt Holdings報告2024年第三季度營業收入爲32840萬,較2023年第三季度的20480萬增長65%,主要得益於更高的加密貨幣成交量。加密服務收入增長65%至31630萬,而忠誠服務收入下降7.2%至1210萬。該公司錄得淨虧損630萬,較2023年第三季度的5170萬虧損大幅縮減。營業費用從去年的25760萬增加到35580萬,主要是由於更高的加密貨幣交易成本。截止2024年9月30日,該公司保持強勁的流動性,擁有現金及現金等價物2900萬,以及受限制現金3530萬和可出售證券670萬。管理層在2024年8月從ICE獲得了4000萬的循環信貸額度,並在2024年3月至4月期間通過同步發行籌集了4650萬。公司繼續通過重組舉措優化運營,預計在接下來的12個月內節省約1300萬現金,同時在2024年9月添加了九種新幣,擴展其加密貨幣交易平台。
Bakkt Holdings報告2024年第三季度營業收入爲32840萬,較2023年第三季度的20480萬增長65%,主要得益於更高的加密貨幣成交量。加密服務收入增長65%至31630萬,而忠誠服務收入下降7.2%至1210萬。該公司錄得淨虧損630萬,較2023年第三季度的5170萬虧損大幅縮減。營業費用從去年的25760萬增加到35580萬,主要是由於更高的加密貨幣交易成本。截止2024年9月30日,該公司保持強勁的流動性,擁有現金及現金等價物2900萬,以及受限制現金3530萬和可出售證券670萬。管理層在2024年8月從ICE獲得了4000萬的循環信貸額度,並在2024年3月至4月期間通過同步發行籌集了4650萬。公司繼續通過重組舉措優化運營,預計在接下來的12個月內節省約1300萬現金,同時在2024年9月添加了九種新幣,擴展其加密貨幣交易平台。
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