reports
- John Roy
- Ph.D
CEO and CFO Highlight Priorities for 2024 and the Tailwinds of 1Q
On Monday May 20, 2024, WTR held a fireside chat with new CEO Andy Main and CFO Karen Alexander. This report contains a transcript of the conversation, which can be accessed on demand. The link accessible in our full report. Main focused on the company’s three priorities for 2024: (1) deepen existing client relationships; (2) cost management and restructuring; and (3) expand market reach and get into new areas. He also mentioned that Robinhood receiving a Wells Notice recently means the SEC is f...
- John Roy
- Ph.D
1Q24 Saw Strong Client Crypto Trading as the Company Manages Expenses ...
President and CEO Andy Main focused on Bakkt’s three key priorities for 2024 as the company saw strong 1Q24 crypto trading activity with notional traded volume up 324% sequentially. The company is cutting costs, and it expects to have between $42 million and $57 million in cash at the end of 2024. Objectives for 2024 include broadening client networks, expanding products, and expense management. The company guided to opex of $155-165 million, which would be down significantly from $195 million i...
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