Bakkt Holdings Inc Stock Price, News & Analysis

Bakkt Holdings, Inc. (NYSE: BKKT) will announce its Q1 2023 earnings on May 11, 2023, before the market opens. A conference call is scheduled for 9:00 a.m. ET on the same day for management to discuss the results and address questions. Investors can join the call by dialing (833) 470-1428 or (404) 975-4839, referencing access code 853207. A replay of the call will be available until June 10, 2023.

Participants can also submit questions via this platform from May 4 until May 10, 2023. The conference call will be webcast live and archived on Bakkt’s corporate website under ‘Events & Presentations’.

Bakkt Holdings, Inc. (NYSE: BKKT) has successfully completed its acquisition of Apex Crypto LLC, securing all necessary regulatory approvals. This strategic move aims to enhance Bakkt's crypto offerings and access to 5.8 million crypto-enabled accounts. Apex Crypto provides integrated trading solutions, having facilitated over $12.5 billion in cryptocurrency trades. The acquisition is expected to bolster Bakkt’s profitability by diversifying revenue streams and accelerating product innovation, including opportunities for crypto rewards and international market entry.

Bakkt Holdings, Inc. (NYSE: BKKT) will participate in a virtual fireside chat hosted by Rosenblatt Securities on March 29, 2023, at 2:00 PM ET. Investors can access a live audio webcast through the company's investor relations page at www.bakkt.com. A replay will be available post-event. Founded in 2018 and headquartered in Alpharetta, GA, Bakkt focuses on connecting the digital economy by offering solutions that empower cryptocurrency, loyalty, and commerce through innovative technology. Visit www.bakkt.com for more details.

Bakkt Holdings reported fourth-quarter net revenues of $15.6 million, up 14% year-over-year, largely due to increased loyalty redemption volume. For the full year, revenues reached $54.6 million, a 38% increase compared to 2021. Despite strong performance metrics, the company faced a significant net loss of $(323.9 million) in Q4 and $(1,987.5 million) for the year, attributed to major goodwill and asset impairments. Bakkt anticipates 2023 revenues to range between $62 million and $72 million, while implementing a corporate restructuring aimed at reducing headcount by 40% and saving $29 million in cash.

Bakkt Holdings has announced a strategic partnership with Caesars Entertainment, renaming Planet Hollywood's live entertainment venue to Bakkt Theater. This collaboration allows Caesars Rewards members to redeem rewards through Bakkt Crypto Rewards, pending regulatory approval. Both companies aim to enhance customer experience in the evolving digital economy, integrating cryptocurrency solutions into the loyalty program. Bakkt continues to develop its crypto offerings, with plans to share further details soon.

Bakkt Holdings, Inc. (NYSE: BKKT) has announced participation in four investor forums in March 2023, showcasing its commitment to engage with investors and stakeholders.

Key events include:

• KBW Fintech & Payments Conference on March 1, featuring Chief Product Officer Dan O’Prey.
• Water Tower Research fireside chat on March 14 with CFO Karen Alexander.
• Wolfe Research FinTech Forum on March 15, with CEO Gavin Michael and CFO Karen Alexander.
• Barclays Crypto and Blockchain Summit on March 29-30, focused on one-on-one investor meetings.

Live webcasts from the events will be available on the company's website.

Bakkt Holdings, Inc. (NYSE: BKKT) is transitioning away from its consumer app to focus on B2B technology solutions. This strategic shift allows Bakkt to concentrate on delivering crypto and loyalty services to business partners through scalable SaaS and API platforms. Users will maintain access to their crypto and cash via a new web experience following the app's discontinuation on March 16, 2023. Additionally, Bakkt's acquisition of Apex Crypto, announced in November 2022, will enhance its B2B2C strategy and expand service offerings across various fintech partnerships, benefiting over 5 million customers.

Bakkt Holdings, Inc. (NYSE: BKKT) will announce its fourth quarter and full year 2022 earnings on March 9, after market close. Management will host a conference call at 5:00 p.m. ET to discuss the results and answer questions. Interested investors can join the call by dialing (844) 200-6205 or (646) 904-5544, using access code 460923. A replay will be available until April 8, 2023. Additionally, investors can submit questions via this link starting March 2.

The call will also be webcasted and archived on Bakkt’s investor relations page.

Bakkt Holdings, Inc. (NYSE: BKKT) will participate in the 25th Annual Needham Growth Conference on January 12, 2023, with CEO Gavin Michael presenting at 3:00 PM ET. The company plans to host one-on-one investor meetings throughout the day. Interested parties can access a live audio webcast of the presentation via the investor relations section of their website, which will also offer a replay after the event.

Bakkt is a digital asset platform aimed at enhancing crypto access and loyalty programs.