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Bakkt Holdings Inc   (BKKT)
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Price: $15.3000 $-0.88 -5.439%
Day's High: $17.9 Week Perf: 45.85 %
Day's Low: $ 14.84 30 Day Perf: 52.73 %
Volume (M): 490 52 Wk High: $ 68.75
Volume (M$): $ 7,500 52 Wk Avg: $29.34
Open: $16.35 52 Wk Low: $0.33



 Market Capitalization (Millions $) 67
 Shares Outstanding (Millions) 4
 Employees 765
 Revenues (TTM) (Millions $) 1,634
 Net Income (TTM) (Millions $) -202
 Cash Flow (TTM) (Millions $) 53
 Capital Exp. (TTM) (Millions $) 7

Bakkt Holdings Inc
Our platform allows consumers to redeem and convert, spend and pay, send and trade digital assets. This is enabled by our core platforms and infrastructure which provide loyalty integrations, virtual bank/credit cards, travel redemption, buy/sell trading, and digital asset exchange. Additionally, our platform supports "know your customer" ("KYC"), anti-money laundering ("AML"), and other anti-fraud measures to combat financial crime.
Our modern use experience and agile API-enabled platform allows us to partner and easily integrate with companies, including through the following:
Our loyalty redemption service is provided as software as a service ('SaaS') and powers rewards redemption for leading loyalty programs. The service is built upon highly scalable proprietary technology and supports integration with dozens of suppliers and millions of items, both through a mobile-first responsive web app or integrated into partners' apps or sites.
Our digital asset marketplace is an institutional-grade cryptocurrency custody and trading platform, primarily comprised of our custody platform, the Bakkt Warehouse, and our pricing execution engine. The custody platform is purpose-built to safeguard digital assets, with multi-signature wallet policies, hardware security modules and offline storage of private key material, blockchain surveillance and AML/KYC compliance integrated into the core of the platform. Our pricing execution engine is an automated trading system that facilitates the purchase and sale of cryptocurrencies by consumers, and is built to scale on demand leveraging the cloud.
Our proprietary payments platform is a two-sided, fully integrated, cloud-based scalable payments platform. It is deployed using managed container services and managed databases in the cloud to scale on demand. Our payment APIs conform to industry standards and are used by merchants to accept our alternative payment method either in-app, in-store or online.


   Company Address: 10000 Avalon Boulevard Alpharetta 30009 GA
   Company Phone Number: 534-5849   Stock Exchange / Ticker: NYSE BKKT
   


   

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Bakkt Holdings Inc

Bakkt Holdings Inc. Releases Encouraging Data for the Entire Fiscal Year

Bakkt Holdings Inc is a company that has experienced impressive revenue growth in recent years, with a year-on-year increase of 6252.564% to $864.58 million in the most recent fiscal period. This growth far outstrips that of many of its competitors in the Miscellaneous Financial Services industry, which saw an average top-line growth of 14.32% in the first quarter of 2024 compared to the same period in 2023.
Despite this strong revenue growth, Bakkt Holdings Inc also reported an increased deficit per share of $-1.86 in the most recent financial period. This represents a significant jump from the previous quarter, where the deficit per share was $-0.25. However, the company did manage to reduce its net loss by approximately 53% compared to the same quarter the previous year, reporting a net deficit of $-21.275 million in the first quarter of 2024.

Bakkt Holdings Inc

Bakkt Holdings Inc. Reports impressive revenue growth but remains in the red with a deficit of $-0.25 per share

Bakkt Holdings Inc. (NYSE: BKKT) may have reported impressive revenue growth in the last quarter of 2023, but the company's bottom line is still in the red. Despite a revenue improvement of over 500% year on year, Bakkt announced a net loss of $-0.25 per share. While the company has managed to narrow its deficit from the previous year, the fact remains that Bakkt is still not profitable.
The leadership transition at Bakkt, with Andy Main taking over as the new CEO, raises questions about the company's future direction. Gavin Michael, who is stepping down as CEO, has been instrumental in guiding Bakkt through challenging times. His departure could signal uncertainty within the company and potentially impact future results.

Management Changes

Bakkt Appoints Andy Main as CEO in Leadership Transition Amidst Challenging Market Conditions

Published Mon, Mar 18 2024 8:51 PM UTC

Bakkt Announces Leadership Transition: Andy Main to Succeed Gavin Michael as CEO
In a significant leadership transition, Bakkt Holdings, Inc. (NYSE: BKKT) has announced the appointment of Andy Main as the new President and Chief Executive Officer, effective March 26, 2024. Main will take over from Gavin Michael, who has decided to step down from his position to explore o...

Business Update

Bakkt Holdings Inc: Navigating Compliance Challenges and Revenue Slump to Secure Digital Asset Leadership

Published Wed, Mar 13 2024 9:40 PM UTC

Bakkt Faces Compliance Challenge on NYSE Listing Rule, Revenue Declines SignificantlyBakkt Holdings, Inc. (NYSE: BKKT) has recently received a notice from the New York Stock Exchange (NYSE) indicating non-compliance with Section 802.01C of the NYSE Listed Company Manual. The notice highlights that, as of March 12, 2024, the average closing price of the company's Class A Comm...

Product Service News

Bakkt and Unchained Join Forces to Strengthen Bitcoin Security with Collaborative Custody Network

Published Fri, Mar 8 2024 1:15 PM UTC

Bakkt Collaborates with Unchained to Enhance Bitcoin SecurityALPHARETTA, Ga. - Bakkt Holdings Inc. (NYSE: BKKT), a leading digital asset trading and custody platform, has announced its partnership with Unchained, a provider of enterprise collaborative custody solutions. This collaboration aims to enhance the security of bitcoin holdings by leveraging a vault secured by multi...






 

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Bakkt Holdings Inc does not provide revenue guidance.

Earnings Outlook
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