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  "documentTitle": "Bakkt | Results Presentation Deck | 30 slides",
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  "authorName": "Bakkt",
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  "presentationDate": "2021-11-01 00:00:00",
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      "text": "Adjusted EBITDA¹ of ($24.1)mm for 3Q21\nAdjusted EBITDA decreased by $11.8mm or 96% YoY primarily due to a $10.9mm increase in net loss, a $2.5mm decrease in impairment of technology assets and a $1.0 million increase in non-recurring bitcoin sale income",
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      "text": "1 Earnings before interest, income taxes, depreciation, amortization\nNote: Adjusted EBITDA is a non-GAAP financial measure. For more information, please refer to the Notes section in this presentation.",
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      "text": "mm\nNet loss\nAdd: Depreciation & amortization\nAdd: Interest\nAdd: Income tax\nEBITDA\nAdd: Acquistion-related\nAdd: Unit-based comp expense\nAdd: Impairment of long-lived assets\nLess: Non-recurring bitcoin sale income, net\nAdjusted EBITDA\n3Q21\n($28.8)\n3.3\n0.1\n0.0\n($25.5)\n1.8\n0.6\n-\n(1.0)\n($24.1)\n2Q21\n($31.9)\n3.0\n0.1\n0.2\n($28.6)\n2.5\n1.3\n-\n-\n($24.9)\n3Q20\n($18.0)\n2.2\n0.2\n0.0\n($15.6)\n-\n0.8\n2.5\n-\n($12.3)",
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