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  "documentTitle": "Bakkt | Results Presentation Deck | 31 slides",
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  "presentationDate": "2022-11-01 00:00:00",
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      "text": "Expense ($mm) Predecessor Successor $1,607.8 $86.0 $15.3 $1,547.7 Impairment charge Bar chart not fit to scale $8.5 $61.0 $57.1 $52.6 $16.5 $39.0 $13.1 $14.4 $18.0 $9.4 $9.8 $7.8 $60.0 Operating expense excl. impairment $12.3 $0.8 $62.2 $4.4 $33.9 $35.1 $34.2 $37.8 3Q21 4Q21 4Q21 successor 1Q22 2Q22 3Q22 predecessor",
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      "text": "Invested in hiring through 2022, expect to limit future hiring and leverage pending acquisition of Apex Crypto to further our roadmap in 2023",
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      "text": "Goodwill and intangible assets non-cash impairments of $1,547.7mm",
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      "text": "Operating Expense of $60.0mm (excluding impairment)",
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      "text": "We are implementing a restructuring plan as we further focus our business in 4Q; will recognize associated restructuring charge",
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      "text": "Compensation expense of $37.8mm up $15.6mm, or 70% YoY, including non-cash compensation increase of $8.2mm YoY",
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      "text": "Note: All financial data on this slide is unaudited. 4Q21 Predecessor expense comprised of $33.9mm in Compensation, $0.8mm in SG&A and $18.0mm in Other. 4Q21 Successor expense comprised of $62.2mm in Compensation, $8.5mm in SG&A and $15.3mm in Other.",
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