Brief: Bakkt Reports First Quarter 2023 Results

Bakkt

11/05/2023 12:48

May 11 (Reuters) - Bakkt Holdings Inc  BKKT.N :
    * BAKKT REPORTS FIRST QUARTER 2023 RESULTS
    * QTRLY OPERATING EXPENSES OF $58.4 MILLION, DECLINED 4%
YEAR-OVER-YEAR; INCLUDES $4.3 MILLION OF RESTRUCTURING EXPENSES
    * FULL YEAR 2023 GROSS REVENUE EXPECTED TO BE ABOUT $1,874
MILLION
- $2,384 MILLION
    * FY 2023 OUTLOOK FOR CRYPTO COSTS, EXECUTION, CLEARING,
BROKERAGE
FEES OF ABOUT $1,868 MILLION - $2,376 MILLION
    * FINANCIAL RESULTS FOR REMAINDER OF 2023 EXPECTED TO BE
APPROXIMATELY FREE CASH FLOW BREAKEVEN, EXCLUDING DEAL COSTS
    * QTRLY NET LOSS PER SHARE ATTRIBUTABLE TO CLASS A COMMON
STOCKHOLDERS $0.17
    * Q1 EARNINGS PER SHARE VIEW $-0.18 -- REFINITIV IBES DATA

Source text for Eikon:  ID:nBw30Nljqa 
Further company coverage:  BKKT.N 

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