Bakkt Holdings, Inc. (BKKT) Tops Q2 EPS by 11c

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Go back to Bakkt Holdings, Inc. (BKKT) Tops Q2 EPS by 11c

Bakkt Reports Second Quarter 2022 Results

August 11, 2022 7:30 AM EDT

Quarterly net revenue of $13.6 million, increased 60% year over year

Strong customer activity with digital asset conversion volume up 60% year over year

Available cash and other liquid assets1 of over $315 million provides significant growth capital

Updated revenue and cash usage guidance for 2022 reflects the current macroeconomic environment

Net cash use expected to decline 15-20% in 2H22 versus first half 2022 level, driven by prudent expense management

ALPHARETTA, Ga.--(BUSINESS WIRE)-- Bakkt Holdings, Inc. (Bakkt) (NYSE:... More