{
  "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": 17,
  "pageCount": 28,
  "prevPage": 16,
  "nextPage": 18,
  "slideType": "kpi_overview",
  "function": "summarize",
  "density": "dense",
  "nDataPoints": 30,
  "notes": null,
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  "slideHref": "/slides/019de518-384d-762c-8987-b2cf4749ac45/17",
  "deckHref": "/decks/019de518-384d-762c-8987-b2cf4749ac45",
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  "deckAnchorHref": "/decks/019de518-384d-762c-8987-b2cf4749ac45#slide-17",
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      "text": "$70.3mm of cash, cash equivalents and available-for-sale securities.\n4Q23 cash usage of $20.8mm includes $4.4mm of insurance spend\nCapex¹ spend of $1.5mm\nFull year 2023 cash usage of $169.1mm includes ~$55mm of cash purchase price for Bakkt Crypto\nCapex¹ spend of $9.4mm",
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      "kind": "source-note",
      "text": "Note: Cash usage is calculated using changes in Cash & cash equivalents and Available-for-sale securities and other non-restricted cash balances over a specified time period. Fourth quarter 2023 cash usage of $20.8mm is calculated by adding the change in Cash & cash equivalents and other non-restricted cash balances from 9/30/23 to 12/31/23 of ($15.5)mm with the change in Available-for-sale securities from 9/30/23 to 12/31/23 of ($5.3)mm.\n¹Capex defined as capitalized internal-use software development costs and other capital",
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      "kind": "table",
      "text": "$mm's\nAssets\nCash & cash equivalents\nAvailable-for-sale securities\nSafeguarding asset for crypto\nOther current assets\nTotal current assets\nGoodwill\nIntangible assets, net\nOther assets\nTotal assets\nLiabilities and stockholders' equity\nCurrent liabilities\nSafeguarding obligation for crypto\nNoncurrent liabilities\nTotal liabilities\nTotal stockholders' equity\nNoncontrolling interest\nTotal equity\nTotal liabilities and stockholders' equity\nAs of 12/31/23\n52.9\n17.4\n701.6\n110.8\n882.6\n68.0\n2.9\n13.3\n966.9\n100.5\n701.6\n29.1\n831.2\n48.3\n87.4\n135.7\n966.9\nAs of 12/31/22\n98.3\n141.1\n15.8\n71.3\n326.5\n15.9\n55.8\n57.4\n455.5\n76.3\n15.8\n27.3\n119.4\n96.3\n239.8\n336.1\n455.5",
      "attrs": null,
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      "componentId": "20785b14-de32-44ed-a3f0-96ab0a42a34d",
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  "tools": [
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      "matchId": "41901dd8-077d-4045-b0f6-f8d0506e60a3",
      "evidence": "table/data: $mm's Assets Cash & cash equivalents Available-for-sale securities Safeguarding asset for crypto Other current assets Total current assets Goodwill Intangible assets, net Other assets Total assets Liabilities",
      "confidence": 0.9
    }
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  "frameworks": [],
  "arcBeats": [
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      "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"
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  ],
  "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"
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