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Bakkt’s Q2 Loss Narrows to $27.6M, Tones Down Yearly Guidance

However, Bakkt toned down its guidance for the year. The firm now expects net revenue to grow to $57 million – $62 million during 2022, compared to its earlier guidance of $60 million – $80 million. It also expects to use $135 million – $140 million of cash in the year, down from the $150 million – $170 million it had projected earlier.