BKKT Earnings Prediction
The chart below shows how BKKT performed 10 days before and after its earnings report, based on data from the past quarters. Typically, BKKT sees a +9.42% change in stock price 10 days leading up to the earnings, and a +10.21% change 10 days following the report. On the earnings day itself, the stock moves by +7.43%. This data can give you a slight idea of what to expect for the next quarter's release.
BKKT Key Earning Data
2024/Q4
Year Over Year
Quarter Over Quarter
Total Revenue
328.42M
60.38%
-35.59%
Gross Margin
4.71%
-15.29%
32.68%
Operating Margin
-8.03%
-45.60%
94.43%
Net Margin
-1.92%
-92.40%
-72.41%
EPS
-0.45
-90.51%
-83.15%
No Data Available
BKKT Earnings Analysis
Bakkt Holdings, Inc. Corporation (BKKT.N) Earnings Conference Call
Positive
Crypto Revenue Increase: Q3 crypto and loyalty services revenue reached $13.4 million, up approximately 8.8% from Q3 last year.
October Trading Volume Surge: In October, Bakkt traded $279 million in notional volume, exceeding October's total volume by $114 million.
November Volume Surge: The company achieved 169% of its total October volume in just the first 12 days of November, demonstrating strong performance potential.
Q3 Revenue Surge: Total revenue for Q3 2024 was $328.4 million, with gross crypto services revenue at $316.3 million, reflecting a 65% increase from the same quarter last year.
Crypto Account Growth: The company ended the third quarter with 6.5 million crypto-enabled accounts, indicating steady growth over the past 12 months.
Negative
Revenue Decline Q3 2024: Total revenue for the third quarter of 2024 was $328.4 million, which reflects a decline compared to previous quarters.
Quarterly Net Loss: Net loss for the quarter was $6.3 million, attributed to non-controlling interest in the operating company and Bakkt Holdings.
Q3 2024 Adjusted EBITDA Loss: Adjusted EBITDA for the third quarter 2024 reflected losses of $23.7 million, indicating a significant financial strain.
Quarterly Operating Expenses Breakdown: Operating expenses for the quarter were $355.8 million, including $315.0 million of crypto costs and execution clearing and brokerage fees, driven by higher trading volumes.
Loyalty Revenue Decline: Net loyalty revenues were $12.1 million, down 7.2% year-over-year, primarily due to a decline in transaction revenue.
BKKT FAQs
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BKKT Earning Call Sentiment
Bakkt Holdings, Inc. (BKKT) Q3 2024 Earnings Call Transcript
1.0x
00:00
00:00
BKKT.N
23.74%Positive
The earnings call summary presents mixed signals: declining crypto services revenue and loyalty revenues indicate potential risks, but cost reduction initiatives have led to reduced operating losses. The strategic partnerships and BakktX enhancements are promising, yet regulatory challenges and competitive pressures are concerning. The Q&A section reveals a lack of clear enthusiasm and specific timelines for product launches, which may dampen investor confidence. Overall, the financial performance and strategic updates suggest a neutral impact on stock price in the short term.
