Bakkt Shares Fall After Crypto Firm Posts Third-Quarter Loss

Posted on by American Coins & Gold

Bakkt Shares Fall After Crypto Firm Posts Third-Quarter Loss
Publicly traded crypto firm Bakkt (NYSE: BKKT) posted a net loss of $28.8 million in Q3, versus a net loss of $18 million year over year.Additionally, Bakkt had an operating loss of $29.9 million in the third quarter, compared to a loss of $17.7 million year over year. Shares fell about 7% in premarket trading after the earnings release.Bakkt posted third-quarter net revenue of $9.1 million, compared to $8.5 million in the second quarter. Bakkt said in a statement its net revenue rose year over year given an increase in customer activity in loyalty redemptions and adding a “large financial…