- Bakkt said it swung to a loss in the first quarter, posting a net loss of $11.7 million and a loss of $0.41 per share.
- Bakkt said revenue from its crypto services fell about 77%% to $243.6 million from $1.07 billion a year earlier.
- Bakkt said it is shifting its focus to stablecoin payments and AI-based financial infrastructure, while holding $82.6 million in cash at the end of the first quarter and carrying no long-term debt.
Forecast Trend Report by Period
Bakkt Holdings Inc. swung to a loss in the first quarter as revenue from its crypto services business plunged, underscoring the company’s shift toward stablecoin payments and artificial intelligence-based financial…
