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  "documentTitle": "Bakkt | Results Presentation Deck | 27 slides",
  "authorId": "bakkt",
  "authorName": "Bakkt",
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  "presentationDate": "2022-08-01 00:00:00",
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  "pageNumber": 19,
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      "kind": "list",
      "text": "Guidance is subject to market conditions through the remainder of the year\nWe expect to continue to invest in growing the business, and therefore expect to recognize quarterly net losses during 2022",
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      "text": "Net revenue expected to grow to $57mm - $62mm in 2022, or a ~45% - 60% increase compared to Combined net revenue for 2021\nPrior FY 2022 guidance of $60mm-$80mm\nUpdated outlook reflects elongated crypto decision timelines and summer air travel supply constraints\nAssumes macro environment that supports strong merchandise loyalty redemption volume in the seasonally strong 4th quarter",
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      "text": "Expect to use $135mm - $140mm of cash in 2022\nPrior FY 2022 guidance of $150mm-$170mm\nWe used ~$76mm of cash in 1H22\nLower 2H22 cash burn outlook reflects a ~15-20% reduction from 1H22 level driven by prudent expense management while continuing to deliver on our roadmap\nStrong available liquidity, with ~$315mm of available cash and other liquid assets¹ on hand",
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      "text": "Note: Guidance assumes no further significant disruptions from COVID-19 pandemic; potential acquisitions and other significant opportunities are not included in this guidance. See disclaimers for more information regarding forward-looking statements, which includes all guidance provided herein.\n¹ Includes other highly liquid assets such as Treasury bills and notes; excludes restricted cash.",
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      "text": "Updated guidance for FY 2022",
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