Bakkt Holdings reports Q4 EPS ($1.24) vs (81c) last year

Reports Q4 revenue $15.6M, consensus $15.88M. "We are proud of all that we accomplished throughout 2022 despite an incredibly difficult market environment," said Gavin Michael, President and CEO of Bakkt. "We delivered on our product roadmap, worked closely with our partners to go-to-market, added leading industry players to our partner network and announced our acquisition of Apex Crypto. While market conditions continue to be challenging, we are optimistic that our differentiated platform, regulatory and compliance-first approach, balance sheet strength and broad partner network will position us well for success. Our priorities for 2023 will appropriately balance growth and discipline, enabling us to be one of the best positioned crypto companies when market conditions improve."