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  "docId": "019de518-384d-762c-8987-b2cf4749ac45",
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  "documentTitle": "Bakkt | Results Presentation Deck | 28 slides",
  "authorId": "bakkt",
  "authorName": "Bakkt",
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  "sourceTypeLabel": "Investor relations",
  "presentationDate": "2024-03-01 00:00:00",
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  "pageNumber": 13,
  "pageCount": 28,
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  "slideType": "revenue_buildup",
  "function": "decompose_segments",
  "density": "overcrowded",
  "nDataPoints": 26,
  "notes": "Bar charts not fit to scale",
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  "slideHref": "/slides/019de518-384d-762c-8987-b2cf4749ac45/13",
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      "kind": "chart",
      "text": "REVENUES BY PRODUCT ($MM)",
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      "text": "REVENUES BY LINE ITEM ($MM)",
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      "kind": "list",
      "text": "Transaction revenues of $8.0mm increased 2% YoY driven by higher travel related revenue and merchandise transaction fees",
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      "kind": "list",
      "text": "FY 2023 gross revenues of $727.0mm",
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      "kind": "list",
      "text": "Gross revenues of $199.4mm driven by increase in crypto transaction volumes YoY due to Bakkt Crypto acquisition; 4% increase QoQ driven by higher industry wide volumes",
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      "kind": "list",
      "text": "Net revenues of $15.1mm down 2% YoY",
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      "kind": "list",
      "text": "Subscription and service revenues of $7.1mm decreased 9% YoY due to a reduction in volume-based service revenues",
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      "kind": "list",
      "text": "FY 2023 net revenues of $53.1mm",
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      "kind": "paragraph",
      "text": "4Q23 results include Bakkt Crypto, which we acquired on April 1, 2023. In accordance with GAAP, we are presenting crypto services revenue on a gross basis",
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      "kind": "source-note",
      "text": "Note: Quarterly financial data on this slide is unaudited. Bar charts not fit to scale",
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  "arcBeats": [
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      "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.",
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      "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,
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      "structure": "The Context (Trends) -> The Trigger Event -> The Window of Opportunity",
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