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  "documentTitle": "Bakkt | Results Presentation Deck | 26 slides",
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  "authorName": "Bakkt",
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  "sourceTypeLabel": "Investor relations",
  "presentationDate": "2023-05-01 00:00:00",
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  "slideHref": "/slides/019de515-901b-75be-bf19-4232058cc7b3/15",
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      "kind": "chart",
      "text": "Expenses ($mm)\n1Q operating expenses ↓4% YoY; ↓11% YoY (ex. restructuring costs)\n$1,607.8\n$347.6\n$1,547.7\n$274.4\n$61.0\n$57.1\n$58.4\n$16.5\n$13.1\n$14.4\n$32.8\n$73.2\n$17.6\n$9.4\n$9.8\n$7.8\nOp. exp.\n$8.4\n$6.7\nother than\nimpairment\n$35.1\n$34.2\n$37.8\n$60.0\n$31.9\n$34.1\n1Q22\n2Q22\n3Q22\n4Q22\n1Q23",
      "attrs": {
        "x_axis_labels": [
          "1Q22",
          "2Q22",
          "3Q22",
          "4Q22",
          "1Q23"
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      "kind": "paragraph",
      "text": "Total expenses\n• Total operating expenses of\n$58.4mm decreased 4% YoY",
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    {
      "bbox": {
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        "x": 0.065,
        "y": 0.319
      },
      "kind": "paragraph",
      "text": "SG&A expenses\n• Total SG&A expenses of $6.7mm\ndecreased 29% YoY driven by a\nreduction in marketing expense",
      "attrs": {},
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      "componentId": "431eb570-295d-4597-8d30-86c5fe7d4563",
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        "y": 0.602
      },
      "kind": "paragraph",
      "text": "Other¹ expenses\n• Other expenses of $17.6mm\nincreased 7% YoY, primarily due to a\n$4.3mm restructuring expense",
      "attrs": {},
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      "componentId": "84437ee5-f0bc-4e5c-83f6-f7f08b6c4ea1",
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        "h": 0.11,
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        "y": 0.45
      },
      "kind": "paragraph",
      "text": "Compensation expenses\n• Total compensation expenses of\n$34.1mm were down 3% YoY,\nprimarily due to lower share-based\ncompensation expense",
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      "kind": "source-note",
      "text": "Note: All financial data on this slide is unaudited. Bar chart not fit to scale.\n¹ Other comprised of Professional services, Technology & communication, acquisition-related expenses, Depreciation & amortization, Related party expenses, Impairments of long-lived assets, Restructuring costs, and Other operating expenses.",
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        "h": 0.05,
        "w": 0.409,
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      "kind": "title",
      "text": "1Q23 Operating expenses",
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      "structure": "The Status Quo -> The Hidden Costs Accumulating -> The Future State of Inaction -> The Tipping Point",
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