Bakkt Holdings, Inc. (NYSE:BKKT) Q1 2023 Earnings Conference Call May 11, 2023 9:00 AM ET

Company Participants

Ann DeVries - Head, IR

Gavin Michael - President, CEO & Director

Karen Alexander - CFO & Principal Financial Officer

Conference Call Participants

Andrew Bond - Rosenblatt Securities

Trevor Williams - Jefferies

Peter Christiansen - Citigroup

Jeffrey Cantwell - Wells Fargo Securities

John Roy - Water Tower Research

Operator

Greetings, and welcome to the Bakkt First Quarter 2023 Earnings Conference Call. [Operator Instructions].

I would now like to turn the conference call over to our host, Ann DeVries, Head of Investor Relations at Bakkt. Please go ahead.

Ann DeVries

Good morning, and thank you for joining us for Bakkt's first quarter earnings call. Today's presentation including the separate earnings call presentation that can be found on our Investor Relations website at www.investors@bakkt.com, will contain certain forward-looking statements. These statements are based on management's current expectations and are subject to risks and uncertainties which may cause actual results to differ materially from those expressed or implied in such forward-looking statements. For a more complete discussion of forward-looking statements and the risks and uncertainties related to Bakkt's business, please refer to its filings with the Securities and Exchange Commission.

During today's presentation, in addition to discussing results that are calculated in accordance with generally-accepted accounting principles, we will refer to certain non-GAAP financial measures. For more information on this, the basis of presentation for our financial results and our non-GAAP measures, please refer to our earnings release which was filed this morning with the SEC.

Joining me on today's call are Gavin Michael, Chief Executive Officer; and Karen Alexander, Chief Financial Officer. After our prepared remarks, we will answer questions we received from our investors through the Say Technologies platform. After that, Gavin and Karen will be available to answer questions from the analyst community.

Gavin Michael

Thank you, Ann. Good morning, everyone, and thanks for joining. Our differentiated platform is positioned to win in this environment through the combination of our premiere, secure custody solution and Apex Crypto's advanced trading capabilities, we are poised to be the crypto infrastructure provider of choice. In this current environment, clients are seeking a trusted partner, and our regulatory and compliance-first approach sets us apart. We separate the entities facilitating crypto trading and custody functions, and we've built a broad network that provides scale, reaching millions of users across client verticals, including the fast-growing fintech industry.