Bakkt Holdings, Inc. (BKKT) Q1 2023 Earnings Call Transcript

Bakkt Holdings, Inc. (NYSE:BKKT) Q1 2023 Earnings Convention Name Could 11, 2023 9:00 AM ET

Firm Contributors

Ann DeVries – Head, IR

Gavin Michael – President, CEO & Director

Karen Alexander – CFO & Principal Monetary Officer

Convention Name Contributors

Andrew Bond – Rosenblatt Securities

Trevor Williams – Jefferies

Peter Christiansen – Citigroup

Jeffrey Cantwell – Wells Fargo Securities

John Roy – Water Tower Analysis


Greetings, and welcome to the Bakkt First Quarter 2023 Earnings Convention Name. [Operator Instructions].

I’d now like to show the convention name over to our host, Ann DeVries, Head of Investor Relations at Bakkt. Please go forward.

Ann DeVries

Good morning, and thanks for becoming a member of us for Bakkt’s first quarter earnings name. In the present day’s presentation together with the separate earnings name presentation that may be discovered on our Investor Relations web site at, will include sure forward-looking statements. These statements are based mostly on administration’s present expectations and are topic to dangers and uncertainties which can trigger precise outcomes to vary materially from these expressed or implied in such forward-looking statements. For a extra full dialogue of forward-looking statements and the dangers and uncertainties associated to Bakkt’s enterprise, please seek advice from its filings with the Securities and Trade Fee.

Throughout right this moment’s presentation, along with discussing outcomes which can be calculated in accordance with generally-accepted accounting ideas, we’ll seek advice from sure non-GAAP monetary measures. For extra info on this, the idea of presentation for our monetary outcomes and our non-GAAP measures, please seek advice from our earnings launch which was filed this morning with the SEC.

Becoming a member of me on right this moment’s name are Gavin Michael, Chief Government Officer; and Karen Alexander, Chief Monetary Officer. After our ready remarks, we’ll reply questions we obtained from our traders by means of the Say Applied sciences platform. After that, Gavin and Karen shall be obtainable to reply questions from