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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": "Expect to be at low end of range for revenue due to prolonged disruptions to travel volumes\nCash usage within range excluding one-time accelerated cash payment of $9.2mm\nWe are implementing a restructuring plan as we further focus our business in 4Q; will recognize associated restructuring charge",
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      "text": "Cash usage expected to decline due to increased revenue in 2023, completion of large-dollar investments in 2022 and benefits from the 4Q restructuring related to further focusing the business\nExpect operating margin expansion in 2023 due to Apex Crypto acquisition of at least 20%¹\nRevenue growth will accelerate from Apex Crypto and expected ramp-up in crypto partner activations\nExpect acquisition and restructuring to result in free cash flow of ~$80mm through 20251, 2",
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      "text": "1 Assumes full year impact on operating margin\n2 Excludes deal costs",
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