Bakkt Holdings, Inc. (BKKT) revealed Loss for fourth quarter that decreased from the same period last year but missed the Street estimates.
The company's earnings totaled -$26.7 million, or -$0.29 per share. This compares with -$97.2 million, or -$1.25 per share, in last year's fourth quarter.
Analysts on average had expected the company to earn -$0.13 per share, according to figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.
The company's revenue for the quarter rose 1249.1% to $214.5 million from $15.9 million last year.
Bakkt Holdings, Inc. earnings at a glance (GAAP) :
-Earnings (Q4): -$26.7 Mln. vs. -$97.2 Mln. last year.
-EPS (Q4): -$0.29 vs. -$1.25 last year.
-Revenue (Q4): $214.5 Mln vs. $15.9 Mln last year.
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