{
  "docId": "019de512-424b-75eb-a794-a586b6c65aad",
  "docSlug": "69c57ab0cbf080e3b870c20ca316362d",
  "documentTitle": "Bakkt | Results Presentation Deck | 27 slides",
  "authorId": "bakkt",
  "authorName": "Bakkt",
  "documentKindSlug": "conference-presentation",
  "documentKindLabel": "Conference presentation",
  "sourceTypeSlug": "investor_relations",
  "sourceTypeLabel": "Investor relations",
  "presentationDate": "2022-02-01 00:00:00",
  "orientation": "landscape",
  "aspectRatio": 1.7777778,
  "pageNumber": 15,
  "pageCount": 27,
  "prevPage": 14,
  "nextPage": 16,
  "slideType": "kpi_overview",
  "function": "analyze_data",
  "density": "dense",
  "nDataPoints": 48,
  "notes": "Includes non-GAAP combined net revenue and specific adjustments for non-cash compensation and warrant liabilities.",
  "elementsJson": null,
  "metadataConfidence": 1,
  "imagePath": null,
  "slideHref": "/slides/019de512-424b-75eb-a794-a586b6c65aad/15",
  "deckHref": "/decks/019de512-424b-75eb-a794-a586b6c65aad",
  "deckJsonHref": "/decks/019de512-424b-75eb-a794-a586b6c65aad.json",
  "deckAnchorHref": "/decks/019de512-424b-75eb-a794-a586b6c65aad#slide-15",
  "components": [
    {
      "bbox": {
        "h": 0.1,
        "w": 0.85,
        "x": 0.13,
        "y": 0.86
      },
      "kind": "disclaimer",
      "text": "1 Combined results are not calculated in accordance with GAAP. See disclaimers for additional information. 2 Income tax (benefit) expense for Successor reflects management's current estimate. 3 Excludes Class V shares and corresponding Opco units.",
      "attrs": null,
      "subkind": null,
      "toolName": null,
      "toolSlug": null,
      "confidence": null,
      "componentId": "c5083291-c0a2-499d-bdb1-4bfd10e0c769",
      "frameworkName": null,
      "frameworkSlug": null
    },
    {
      "bbox": {
        "h": 0.55,
        "w": 0.32,
        "x": 0.06,
        "y": 0.26
      },
      "kind": "list",
      "text": "Combined net revenue (non-GAAP) of $13.7mm increased by $4.2mm or 45% over prior year quarter primarily driven by strong growth from loyalty redemption. Operating losses of ($50.5mm) and ($74.5mm) for the Predecessor and Successor, respectively, includes significant expense related to the business combination: Non-cash compensation charge of $30.6mm for Predecessor and $47.2mm for Successor. Acquisition-related expense of $12.7mm for Predecessor and $1.5mm for Successor. Net loss for the Successor includes non-cash mark-to-market expense of $79.4mm related to the fair value of warrant liabilities issued by VIH prior to the business combination.",
      "attrs": null,
      "subkind": "bullet",
      "toolName": null,
      "toolSlug": null,
      "confidence": null,
      "componentId": "f7ec7d3c-9546-4858-b691-8b5efcfe4cad",
      "frameworkName": null,
      "frameworkSlug": null
    },
    {
      "bbox": {
        "h": 0.63,
        "w": 0.575,
        "x": 0.389,
        "y": 0.205
      },
      "kind": "table",
      "text": "Consolidated financial results table showing Successor and Predecessor periods.",
      "attrs": null,
      "subkind": "data",
      "toolName": null,
      "toolSlug": null,
      "confidence": null,
      "componentId": "d3a9dc9a-a7e9-4cbc-b540-f3ec723a3d22",
      "frameworkName": null,
      "frameworkSlug": null
    },
    {
      "bbox": {
        "h": 0.06,
        "w": 0.75,
        "x": 0.06,
        "y": 0.08
      },
      "kind": "title",
      "text": "Summary of 4Q21 consolidated results",
      "attrs": null,
      "subkind": "headline",
      "toolName": null,
      "toolSlug": null,
      "confidence": null,
      "componentId": "280b1f7a-da88-4c29-ac4c-80ba6206d4e2",
      "frameworkName": null,
      "frameworkSlug": null
    }
  ],
  "metrics": [],
  "tools": [],
  "frameworks": [],
  "arcBeats": [
    {
      "to": 27,
      "from": 14,
      "beatId": "318f1ef4-3b43-44fa-a8fd-2667488d46ee",
      "arcName": "AIDA",
      "arcSlug": "aida",
      "beatName": "Action",
      "beatSlug": "aida-action",
      "evidence": "The financial results and outlook encourage action from investors.",
      "position": 3,
      "confidence": 0.8,
      "parentBeatName": "Resolution",
      "parentBeatSlug": "resolution"
    }
  ],
  "loops": [
    {
      "to": 20,
      "from": 14,
      "name": "Cost Of Inaction",
      "slug": "27-cost-of-inaction",
      "bestFor": "Urgent budget requests, compliance, risk mitigation",
      "matchId": "e3f70089-685f-4eb5-9ba0-ec3ff28d631e",
      "evidence": "The financial results and outlook imply the cost of inaction.",
      "position": 2,
      "objective": "What are the consequences of not investing in Bakkt?",
      "structure": "The Status Quo -> The Hidden Costs Accumulating -> The Future State of Inaction -> The Tipping Point",
      "confidence": 0.6,
      "description": "Quantify what happens if the audience does nothing"
    }
  ],
  "imagePathAlt": null,
  "thumbSrc": null,
  "thumbSrcAlt": null,
  "locked": true
}