{
  "docId": "019de518-384d-762c-8987-b2cf4749ac45",
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  "documentTitle": "Bakkt | Results Presentation Deck | 28 slides",
  "authorId": "bakkt",
  "authorName": "Bakkt",
  "documentKindSlug": "conference-presentation",
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  "sourceTypeSlug": "investor_relations",
  "sourceTypeLabel": "Investor relations",
  "presentationDate": "2024-03-01 00:00:00",
  "orientation": "landscape",
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  "pageNumber": 15,
  "pageCount": 28,
  "prevPage": 14,
  "nextPage": 16,
  "slideType": "revenue_buildup",
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  "slideHref": "/slides/019de518-384d-762c-8987-b2cf4749ac45/15",
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  "deckAnchorHref": "/decks/019de518-384d-762c-8987-b2cf4749ac45#slide-15",
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      "kind": "chart",
      "text": "CRYPTO SERVICES REVENUES AND RELATED COSTS ($MM)\n$335.3\n$334.0\n$191.8\n$199.4\n$190.1\n$197.8\n$0.3 $0.3\n$0.4 $0.4\n4Q22\n1Q23\n2Q23\n3Q23\n4Q23\nCrypto services gross revenue\nCrypto costs and execution, clearing and brokerage fees",
      "attrs": {
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          "4Q22",
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          "3Q23",
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      "kind": "list",
      "text": "Crypto costs and execution, clearing and brokerage fees\nCrypto costs and execution, clearing and brokerage fees of $197.8mm in line with revenue levels",
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      "kind": "list",
      "text": "Crypto services revenue\nGross revenue of $199.4mm increased QoQ as improving industry wide volumes were partially offset by continued lower activity levels from Webull Pay customers",
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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 our crypto services revenue and crypto costs and execution, clearing and brokerage fees on a gross basis",
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      "kind": "source-note",
      "text": "Note: All financial data on this slide is unaudited. Bar chart not fit to scale.",
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      "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",
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  "loops": [
    {
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      "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",
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