Bakkt Q3 Revenue Falls 62.9% to $149.2M; Net Profit $14.3M
According to Bakkt on November 10, the company reported third-quarter total revenue of $149.2 million, down 62.9% from $402.2 million in the year-ago period, driven by reduced cryptocurrency trading volumes. Net profit for the quarter was $14.3 million, or $0.31 diluted earnings per share, including