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  "documentTitle": "Bakkt | Results Presentation Deck | 26 slides",
  "authorId": "bakkt",
  "authorName": "Bakkt",
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  "sourceTypeLabel": "Investor relations",
  "presentationDate": "2023-05-01 00:00:00",
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  "pageNumber": 10,
  "pageCount": 26,
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  "density": "overcrowded",
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      "kind": "chart",
      "text": "Apex Crypto gross revenue ($ millions)\nFY 2022 $3,071\nFY 2023E ~$1,874 - $2,384\n$2,500\n$2,172\n$2,000\n$1,500\n$1,000\n~$992 - $1,439\n$899\n~$883 - $945\n$500\n$0\n1H22\n2H22\n1H23E Outlook\n2H23E Outlook",
      "attrs": {
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      "text": "FY 2023E outlook\nApex Crypto gross revenue expected to recover throughout 2023\nGross revenue outlook of ~$1,874mm - $2,384mm\nCrypto costs and execution, clearing and brokerage fees outlook of $1,868mm - $2,376mm",
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      "kind": "list",
      "text": "FY 2022\nGross revenue of $3,071mm was driven by strong 1H22 results before crypto market events stalled activity levels\nCrypto costs and execution, clearing and brokerage fees of $3,063mm in line with revenue levels",
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      "kind": "source-note",
      "text": "Note: Data on this slide is unaudited. Gross revenue includes notional traded crypto volume, platform fees and other customer fees. Gross revenue outlook assumptions include number of accounts, percent of accounts trading and notional amount per trade",
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      "text": "Crypto costs and execution, clearing and brokerage fees ($ millions)\n$2,167\n$896\n~$880 - $942\n~$988 - $1,434",
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      "kind": "title",
      "text": "Apex Crypto enhances our path to profitability",
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      "name": "Cost Of Inaction",
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      "evidence": "The deck presents volume trends and financial results to support the argument",
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      "structure": "The Status Quo -> The Hidden Costs Accumulating -> The Future State of Inaction -> The Tipping Point",
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