05:32 PM EDT, 03/25/2024 (MT Newswires) -- Bakkt Holdings ( BKKT ) reported a Q4 net loss late Monday of $0.29 per diluted share, narrowing from $1.25 a year earlier.

Three analysts polled by Capital IQ expected a loss of $0.13 normalized.

Revenue in the quarter ended Dec. 31 surged to $214.5 million from $15.9 million a year earlier. Three analysts surveyed by Capital IQ expected $15.3 million.

The company expects 2024 revenue of $3.29 billion to $5.11 billion, compared with previous guidance of $3.46 billion to $9.07 billion. Three polled by Capital IQ expect $78.9 million.

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