Bakkt Cuts FY24 Revenue Outlook From $3.292B-$5.114B To $3.002B-$4.447B
Portfolio Pulse from Benzinga Newsdesk
Bakkt has revised its FY24 revenue outlook downwards from $3.292B-$5.114B to $3.002B-$4.447B. The new guidance includes gross crypto revenues of $2,949 million - $4,390 million and net loyalty revenues of $53 million - $57 million.
May 15, 2024 | 9:28 pm
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Bakkt has lowered its FY24 revenue outlook, which may negatively impact investor sentiment and short-term stock price.
The downward revision in revenue outlook suggests potential challenges in achieving previous targets, which could lead to negative investor sentiment and a short-term decline in stock price.
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