Brief: Bakkt Reports Fourth Quarter And Full Year 2022 Results

Bakkt

09/03/2023 21:44

March 9 (Reuters) - Bakkt Holdings Inc  BKKT.N :
    * BAKKT REPORTS FOURTH QUARTER AND FULL YEAR 2022 RESULTS
    * QUARTERLY NET REVENUES OF $15.6 MILLION, INCREASED 14%
YEAR OVER
YEAR
    * RECENT RESTRUCTURINGS EXPECTED TO RESULT IN ABOUT 40%
DECLINE IN
HEADCOUNT, $29 MILLION IN CASH SAVINGS IN 2023
    * EXPECT A RESTRUCTURING CHARGE IN Q1 2023 OF ABOUT $3.7
MILLION -
$4.1 MILLION
    * FY 2023 NET REVENUES EXPECTED TO GROW TO $62 MILLION - $72
MILLION
    * FY2023 REVENUE VIEW $77.2 MILLION -- REFINITIV IBES DATA
    * Q4 EARNINGS PER SHARE VIEW $-0.18, REVENUE VIEW $15.9
MILLION --
REFINITIV IBES DATA
    * QTRLY NET LOSS OF $323.9 MILLION INCREASED YEAR-OVER-YEAR

Source text for Eikon:  ID:nBw1RgYy8a 
Further company coverage:  BKKT.N 

 ((Reuters.Briefs@thomsonreuters.com;;))