{
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  "docSlug": "317b6bf68884d467c375d849fc7c46f7",
  "documentTitle": "Bakkt | Results Presentation Deck | 30 slides",
  "authorId": "bakkt",
  "authorName": "Bakkt",
  "documentKindSlug": "conference-presentation",
  "documentKindLabel": "Conference presentation",
  "sourceTypeSlug": "investor_relations",
  "sourceTypeLabel": "Investor relations",
  "presentationDate": "2023-08-01 00:00:00",
  "orientation": "landscape",
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  "pageNumber": 19,
  "pageCount": 30,
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  "slideType": "kpi_overview",
  "function": "summarize",
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      "kind": "list",
      "text": "$99.4mm of available cash, cash equivalents and available-for-sale securities\nCash usage of $18.2mm includes:\n$5.0mm of acquisition-related expenses\n$2.7mm of payment related to a marketing partnership\n$1.8mm of insurance costs\nCapex spend of $6.0mm",
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      "kind": "source-note",
      "text": "Note: All financial data on this slide is unaudited. Cash usage is calculated using changes in cash & cash equivalents and available-for-sale securities balances from the GAAP balance sheet over a specified time period. Second quarter 2023 cash usage of $18.2mm is calculated by adding the change in available cash & cash equivalents from 3/31/23 to 6/30/23 of $33.7mm with the change in available-for-sale securities from 3/31/23 to 6/30/23 of ($51.9)mm",
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      "text": "$mm's\nAs of 6/30/23 (unaudited)\nAs of 12/31/22\nAssets\nCash & cash equivalents $84.5 $98.3\nAvailable-for-sale securities 14.9 141.1\nSafeguarding asset for crypto 659.7 15.8\nOther current assets 70.1 71.3\nTotal current assets $829.2 $326.5\nGoodwill 66.9 15.9\nIntangible assets, net 67.7 55.8\nOther assets 60.0 57.4\nTotal assets $1,023.7 $455.5\nLiabilities and stockholders' equity\nCurrent liabilities $61.3 $76.3\nSafeguarding obligation for crypto 659.7 15.8\nNoncurrent liabilities 42.9 27.3\nTotal liabilities $763.9 $119.4\nTotal stockholders' equity 83.8 96.3\nNoncontrolling interest 176.1 239.8\nTotal equity $259.9 $336.1\nTotal liabilities and stockholders' equity $1,023.7 $455.5",
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      "kind": "title",
      "text": "2Q23 Condensed balance sheet",
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      "arcName": "Monroe's Motivated Sequence",
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      "beatName": "Satisfaction",
      "beatSlug": "monroes-sequence-satisfaction",
      "evidence": "Financial results and KPIs demonstrate growth and momentum",
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      "parentBeatName": "Turn",
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      "name": "Cost Of Inaction",
      "slug": "27-cost-of-inaction",
      "bestFor": "Urgent budget requests, compliance, risk mitigation",
      "matchId": "6fc647c4-a6a3-4a1a-bc54-0a1d7a0a2695",
      "evidence": "The deck implies that not using Bakkt's services would result in missed opportunities",
      "position": 0,
      "objective": "Highlighting the benefits of Bakkt's crypto capabilities",
      "structure": "The Status Quo -> The Hidden Costs Accumulating -> The Future State of Inaction -> The Tipping Point",
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