NASDAQ$BKKT
Bakkt Inc · Q3 2022 earnings
Q3 2022 earnings · · Investor relations
Briefing
Bakkt's net revenue increased, driven by travel loyalty redemptions, and the company announced the acquisition of Apex Crypto.
Bakkt reported a 41% year-over-year increase in net revenue, reaching $12.9 million. The company experienced strong customer activity with digital asset conversion volume up 73% year-over-year. Bakkt also announced the acquisition of Apex Crypto to expand client verticals and scale.
- Net revenue increased 41% year-over-year to $12.9 million.
- Digital asset conversion volume increased 73% year-over-year.
- Announced the signing of a definitive agreement to acquire Apex Crypto.
- Available cash and other liquid assets of over $273.7 million.
Headline financials
Revenue & EPS history
Bakkt · Revenue · Quarterly
$12.9M
Revenue by segment
Bakkt · $335M total across 1 segment · Q2 2023
- Crypto Services$335M—100.0%
Forward guidance
Bakkt expects the acquisition of Apex Crypto will accelerate growth plans post-close as it will significantly expand client verticals and cryptocurrency product offerings. The transaction is expected to close in the first half of 2023.
Historical earnings impact
How earnings announcements have historically affected this stock's price.
Avg. return before/after earnings
Based on 18 quarterly earnings reports · overlaid with Q3 2022
+4.3%
Avg return
Earnings day
+14.5%
Avg return
5 days after
+21.3%
Avg return
30 days after
47%
9 / 19 earnings
Positive
+62.5%
Q3 2023
Best reaction
-33.7%
Q4 2021
Worst reaction
| Quarter | Report date | Reaction (Day 0) | +5 days | +30 days |
|---|---|---|---|---|
| Q4 2026 | +0.6% | -16.0% | -14.8% | |
| Q3 2025 | -13.0% | -23.3% | -45.7% | |
| Q1 2025 | +48.0% | +27.8% | +29.8% | |
| Q4 2024 | +13.0% | +30.4% | -8.6% | |
| Q3 2024 | -1.8% | +155.9% | +150.0% | |
| Q2 2024 | -10.8% | -9.8% | -27.1% | |
| Q1 2024 | -5.9% | +49.3% | +67.4% | |
| Q4 2023 | -16.3% | -14.5% | -33.1% | |
| Q3 2023 | +62.5% | +76.4% | +143.1% | |
| Q2 2023 | +0.7% | -4.3% | -9.2% | |
| Q1 2023 | -12.4% | -5.8% | +1.5% | |
| Q4 2022 | -13.5% | -3.2% | +25.4% | |
| Q3 2022 | +20.8% | +24.9% | -2.9% | |
| Q2 2022 | +11.1% | +2.2% | -6.3% | |
| Q1 2022 | +37.2% | +28.8% | +13.5% | |
| Q4 2021 | -33.7% | -31.8% | -25.3% | |
| Q3 2021 | -4.1% | -11.2% | +146.1% | |
| Q2 2021 | -0.4% | -0.7% | +3.3% | |
| Q1 2021 | +0.1% | +0.1% | -1.6% |
Discussion
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