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Bakkt Holdings, Inc. Class A (BKKT)
NYSE:BKKT
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Earnings Data
Report Date
Feb 13, 2025TBA Not Confirmed
Period Ending
2024 (Q4)Consensus EPS Forecast
―Last Year’s EPS
―Same Quarter Last Year
Based on 0 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Nov 14, 2024
|% Change Since: 127.58%
|Next Earnings Date:Feb 13, 2025
Earnings Call Sentiment|Neutral
The earnings call highlighted Bakkt's strategic initiatives and cost reduction efforts leading to significant increases in trading volumes and potential market growth. However, these positives were offset by declines in revenue, particularly in loyalty services, and increased cash utilization, indicating ongoing challenges in their business operations.Company Guidance
During Bakkt's Q3 2024 earnings call, the company highlighted several key metrics and strategic initiatives. Notably, Bakkt's notional trading volume surged to $259 million by November 12, a significant increase from October's figures, reflecting a 169% rise in just 12 days. This growth was attributed to favorable market conditions following the U.S. presidential election. However, Q3 crypto and loyalty services revenue totaled $13.4 million, marking an 8.8% decrease year-over-year due to a prior one-time revenue adjustment. Operating expenditures excluding crypto costs were $40.7 million, a reduction of 39.7% year-over-year, leading to a 48.2% decrease in operating loss. Bakkt also expanded its coin offerings, adding nine new tokens in Q3 and six more in November, which contributed to trading volume growth. Additionally, the company is considering strategic alternatives for BakktTrust due to its high costs and regulatory pressures. Despite challenges, Bakkt is focused on its BakktX platform and partnerships with firms like Blackwire to drive future growth.Increased Trading Volume
Bakkt reported a significant increase in notional trading volume, achieving 169% of October's total volume in just the first 12 days of November 2024.
Cost Reduction Initiatives
Operating expenditures, excluding crypto costs, were reduced by 39.7% year-over-year, contributing to a 48.2% reduction in Q3 operating loss compared to last year.
Strategic Partnerships and Product Launches
Bakkt successfully launched BakktX platform and onboarded new clients like Blockwire. They also added 9 new coins to their platform, contributing to a notable improvement in trading volumes.
Regulatory and Market Tailwinds
Favorable regulatory developments and macroeconomic shifts, such as the Federal Reserve's rate cuts, are expected to provide tailwinds for Bakkt's future growth.
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BKKT Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
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BKKT Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Nov 14, 2024 | $12.11 | $11.32 | -6.52% |
| Aug 14, 2024 | $15.28 | $12.13 | -20.62% |
| May 15, 2024 | $12.18 | $10.49 | -13.88% |
| Mar 25, 2024 | $14.06 | $11.26 | -19.91% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
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FAQ
When does Bakkt Holdings, Inc. Class A (BKKT) report earnings?
Bakkt Holdings, Inc. Class A (BKKT) is schdueled to report earning on Feb 13, 2025, TBA Not Confirmed.
What is Bakkt Holdings, Inc. Class A (BKKT) earnings time?
Bakkt Holdings, Inc. Class A (BKKT) earnings time is at Feb 13, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is BKKT EPS forecast?
Currently, no data Available
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