Bakkt Holdings, Inc. (BKKT) reported a net loss of $16.4 million for the second quarter, a slight improvement from the $16.8 million loss in the same period last year. The loss per share decreased to $2.67 from $4.69. The company's adjusted EBITDA loss improved by 26.9% year-over-year, reaching $17.9 million.
Total revenues for the second quarter rose to $509.9 million, up from $347.6 million in the previous year. The number of crypto-enabled accounts increased by 6.7% from a year ago, reaching 6.4 million.
Bakkt Holdings now forecasts full-year 2024 revenues to be between $2.57 billion and $2.83 billion.
