Bakkt Holdings, Inc. (NYSE:BKKT) Q1 2022 Earnings Conference Call May 12, 2022 9:00 AM ET

Company Representatives

Gavin Michael - Chief Executive Officer

Drew LaBenne - Chief Financial Officer

Ann DeVries - Head of Investor Relations

Conference Call Participants

Trevor Williams - Jeffries

Rich Repetto - Piper Sandler

Operator

Greetings! Welcome to the Bakkt First Quarter 2022 Earnings Conference Call. At this time all participants are in listen-only mode. A question-and-answer session will follow the formal presentation. As a reminder, this conference call is being recorded.

I will now turn this over to 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 at our Investor Relations website at www.investors.bakkt.com will contain certain foreard-looking statements about Bakkt.

These statements are based on the current expectations of the management of Bakkt and are subject to uncertainty and changes in circumstances, many of which are beyond Bakkt's control, which may cause actual results to differ materially from those expressed or implied in such forward-looking statements.

For a more complete discussion on forward-looking statements and the uncertainties related to Bakkt's business, please refer to its filings with the Securities and Exchange Commission, including the discussion of Bakkt's Risk Factors and its most recent annual report on Form 10-K and its subsequent quarterly report on Form 10-Q.

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 of this, the basis of our 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 Drew LaBenne, Chief Financial Officer. After our prepared remarks, we will answer questions we receive from our investors through the Say Technologies Platform. After that Gavin and Drew will be available to answer questions from the analyst community.

I'll now turn it over to Gavin.

Gavin Michael

Thank you, Ann. Good morning everyone and thanks for joining. At Bakkt we are connecting the digital economy. Powering commerce by unlocking value from digital assets. We are forging new partnerships and activating our products in this growing ecosystem, while also deepening relationships with existing partners to really create new opportunity. Momentum is building across our business and we built a strong foundation for our future growth, so let's begin.