{
  "docId": "019de518-384d-762c-8987-b2cf4749ac45",
  "docSlug": "8b4286c8f9802c758657dee87d10e455",
  "documentTitle": "Bakkt | Results Presentation Deck | 28 slides",
  "authorId": "bakkt",
  "authorName": "Bakkt",
  "documentKindSlug": "conference-presentation",
  "documentKindLabel": "Conference presentation",
  "sourceTypeSlug": "investor_relations",
  "sourceTypeLabel": "Investor relations",
  "presentationDate": "2024-03-01 00:00:00",
  "orientation": "landscape",
  "aspectRatio": 1.7777778,
  "pageNumber": 12,
  "pageCount": 28,
  "prevPage": 11,
  "nextPage": 13,
  "slideType": "kpi_overview",
  "function": "summarize",
  "density": "dense",
  "nDataPoints": 45,
  "notes": null,
  "elementsJson": null,
  "metadataConfidence": 0.9,
  "imagePath": null,
  "slideHref": "/slides/019de518-384d-762c-8987-b2cf4749ac45/12",
  "deckHref": "/decks/019de518-384d-762c-8987-b2cf4749ac45",
  "deckJsonHref": "/decks/019de518-384d-762c-8987-b2cf4749ac45.json",
  "deckAnchorHref": "/decks/019de518-384d-762c-8987-b2cf4749ac45#slide-12",
  "components": [
    {
      "bbox": {
        "h": 0.02,
        "w": 0.809,
        "x": 0.085,
        "y": 0.914
      },
      "kind": "source-note",
      "text": "Note: All financial data on this slide is unaudited. Adjusted EBITDA is a non-GAAP financial measure. For more information, please refer to the Notes section in this presentation.",
      "attrs": null,
      "subkind": null,
      "toolName": null,
      "toolSlug": null,
      "confidence": null,
      "componentId": "7bc73e05-6fed-49cc-b562-be4e3db304be",
      "frameworkName": null,
      "frameworkSlug": null
    },
    {
      "bbox": {
        "h": 0.52,
        "w": 0.55,
        "x": 0.377,
        "y": 0.22
      },
      "kind": "table",
      "text": "$mm's\nNet loss\nDepreciation and amortization\nInterest income, net\nIncome tax expense (benefit)\nEBITDA\nAcquisition-related expenses\nShare-based and unit-based compensation expense\nCancellation of common units\nLoss (gain) from change in fair value of warrant liability\nGoodwill and intangible assets impairments\nImpairment of long-lived assets\nRestructuring expenses\nTransition services expense\nAdjusted EBITDA loss",
      "attrs": null,
      "subkind": "data",
      "toolName": null,
      "toolSlug": null,
      "confidence": null,
      "componentId": "8a0099ba-41c8-40d9-b26c-f2c0a63755ca",
      "frameworkName": null,
      "frameworkSlug": null
    },
    {
      "bbox": {
        "h": 0.06,
        "w": 0.32,
        "x": 0.049,
        "y": 0.21
      },
      "kind": "title",
      "text": "4Q23 Adjusted EBITDA loss of $(19.0)mm decreased YoY primarily due to a reduction in total compensation and benefits",
      "attrs": null,
      "subkind": "action-title",
      "toolName": null,
      "toolSlug": null,
      "confidence": null,
      "componentId": "d04431e4-cbb7-47f1-b629-fb6e5f74a09c",
      "frameworkName": null,
      "frameworkSlug": null
    },
    {
      "bbox": {
        "h": 0.04,
        "w": 0.527,
        "x": 0.049,
        "y": 0.08
      },
      "kind": "title",
      "text": "4Q23 Adjusted EBITDA (non-GAAP)",
      "attrs": null,
      "subkind": "headline",
      "toolName": null,
      "toolSlug": null,
      "confidence": null,
      "componentId": "4d942c78-e9a6-47f8-bb7d-ba474ad5f6a1",
      "frameworkName": null,
      "frameworkSlug": null
    }
  ],
  "metrics": [],
  "tools": [
    {
      "name": "Table data",
      "slug": "table-data",
      "agent": null,
      "layer": "slide",
      "matchId": "345cccbb-417a-40bf-b3b4-2ced652459eb",
      "evidence": "table/data: $mm's Net loss Depreciation and amortization Interest income, net Income tax expense (benefit) EBITDA Acquisition-related expenses Share-based and unit-based compensation expense Cancellation of common units",
      "confidence": 0.9
    }
  ],
  "frameworks": [],
  "arcBeats": [
    {
      "to": 20,
      "from": 7,
      "beatId": "3771f809-2244-48a0-af1a-fc3c1a297ec6",
      "arcName": "Monroe's Motivated Sequence",
      "arcSlug": "monroes-sequence",
      "beatName": "Satisfaction",
      "beatSlug": "monroes-sequence-satisfaction",
      "evidence": "Bakkt presents its solutions, including expanding retail and institutional crypto capabilities, and provides an updated outlook for 2024, satisfying the audience's need for growth and profitability.",
      "position": 2,
      "confidence": 0.8,
      "parentBeatName": "Turn",
      "parentBeatSlug": "turn"
    }
  ],
  "loops": [
    {
      "to": 20,
      "from": 7,
      "name": "Why Now",
      "slug": "15-why-now",
      "bestFor": "Sales pitches, fundraising, requesting immediate budget approval",
      "matchId": "64cb8848-18c1-4a92-b5fb-cef0ba3d2abe",
      "evidence": "Bakkt presents its solutions and updated outlook, indicating that current market conditions and its platform make it an optimal time for growth and profitability.",
      "position": 1,
      "objective": "Why is now the right time to execute on key priorities?",
      "structure": "The Context (Trends) -> The Trigger Event -> The Window of Opportunity",
      "confidence": 0.6,
      "description": "Create temporal urgency by proving that the window of opportunity is opening or closing"
    }
  ],
  "imagePathAlt": null,
  "thumbSrc": null,
  "thumbSrcAlt": null,
  "locked": true
}