Dave

Dave is engaged in offering banking app that offers its customers banking, financial insights, overdraft protection, building credit, and finding side gigs.

Earnings data Q4 2021

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Dave reports strong Q4 growth, eyes profitability and market expansion

Dave's Q4 2022 results reflect robust growth in revenue, membership base, and financial efficiency, positioning the company for continued success.
While challenges like managing costs and reducing losses persist, Dave's strategic focus on growth and profitability sets a positive trajectory for 2023.
Opportunities in customer acquisition, revenue diversification, and operational improvements provide avenues for sustained growth and value creation.
Overall, Dave's performance, strengths, and outlook signal a promising future with a clear path towards achieving its financial targets and enhancing shareholder returns.

Dave (DAVE) reports robust Q1 performance and optimistic 2023 outlook

Dave's Q1 2023 performance reflects strong revenue growth, improved financial metrics, and a positive outlook for the year ahead.
The company's focus on member acquisition, engagement, and cost management highlights its strategic approach to sustainable growth.
While challenges in achieving profitability persist, Dave's opportunities lie in leveraging its strengths to drive further revenue growth and market expansion.

Dave reports stellar Q2 results, eyes growth through strategic initiatives

Dave's Q2 2023 performance showcased impressive revenue growth, efficient member acquisition, and strong financial metrics, underlining its position in the financial services sector.
Strategic initiatives like the Dave Debit Card and the addition of Imran Khan as a stakeholder signal a focused approach towards enhancing customer relationships and industry expertise.
While challenges in sustaining growth and managing expenses exist, Dave's solid financial foundation and growth opportunities position it favorably for future success.

Dave (DAVE) reports robust Q3 performance and eyes profitability

Dave's Q3 performance showcased strong growth in revenue, member base, and operational efficiency, setting the stage for future profitability.
The company's strategic initiatives and improved financial metrics demonstrate a positive outlook for sustained growth and value creation.
While challenges remain in achieving profitability, Dave's focus on cost optimization and revenue enhancement positions it well for future success.

Dave reports record Q4 performance, eyes growth through member relationships

Dave's Q4 2023 earnings call highlighted exceptional financial performance, marked by record EBITDA and positive net income. Strategic investments in digital services and strong member acquisition underscore the company's growth potential. While challenges in sustaining growth exist, opportunities to deepen member relationships and drive profitability are key focus areas for Dave.

Dave reports robust Q1 earnings, eyes disciplined growth strategy

Dave's Q1 2024 performance was marked by strong revenue growth, improved credit metrics, and enhanced member engagement through innovative AI solutions. The company aims to navigate the challenge of scaling marketing spend while ensuring profitability, leveraging opportunities in its product offerings for continued growth.

Dave reports stellar Q2 results, eyes marketing expansion for growth

Dave's Q2 2024 earnings call reflects robust financial performance, strategic marketing optimization, and a focus on enhancing customer engagement. While facing challenges in member acquisitions and marketing spend, Dave is well-positioned to leverage opportunities for sustained growth and success.

Dave reports record Q3 revenue and EBITDA growth, eyes strategic partnerships

Dave's Q3 performance reflects robust growth in revenue and EBITDA, driven by strong ExtraCash originations and improved underwriting. While facing legal challenges, the company remains confident in its financial outlook and strategic partnerships. Dave aims to capitalize on opportunities by enhancing its product offerings and member engagement.

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Dave, Inc. is a digital banking service. Its products include a budgeting tool to help members manage their upcoming bills to avoid overspending, cash advances through its flagship ExtraCash product to help members avoid punitive overdraft fees, a Side Hustle product, where Dave helps connect members with supplemental work opportunities, and Dave Banking, a modern checking account experience with valuable tools for building long-term financial health. The company was founded by Jason Wilk, Paras Chitrakar, and John Wolanin in October 2015 and is headquartered in Los Angeles, CA.

Dave Inc. (NASDAQ:DAVE ) Q2 2023 Earnings Conference Call August 8, 2023 4:30 PM ET Company Participants Jason Wilk - Chief Executive Officer Kyle Beilman - Chief Financial Officer Conference Call Participants Operator Good afternoon, everyone, and thank you for participating in today's conference call to discuss Dave's financial results for the Second Quarter ended June 30, 2023. Joining us today are Dave's CEO, Mr.

Dave Inc. (DAVE) Q2 2023 Earnings Call Transcript

Former Snap Inc. Chief Strategy Officer to Join Dave's Board of Directors LOS ANGELES , Aug. 8, 2023 /PRNewswire/ -- Dave Inc. ("Dave" or the "Company") (Nasdaq: DAVE), one of the nation's leading neobanks, announced today that Imran Khan, the renowned technology executive and entrepreneur, through investment funds in which he manages, has acquired 2.5% of Dave's Class A Common stock, through a secondary sale. In addition, Khan will join Dave's Board of Directors, effective immediately.

Entities Managed by Imran Khan to Acquire 2.5% Stake in Dave via Secondary Market Transaction

Q2 GAAP Revenue up 34% Year Over Year to $61.2 Million; Q2 Non-GAAP Variable Profit up 78% Q2 Net Loss Improves by 17% Year Over Year; Adj. EBITDA Loss Improves 54% to $13.1 Million Raising Non-GAAP Variable Profit Margin Outlook to 47% - 51%; Reiterating 2023 Non-GAAP Operating Revenue and Adjusted EBITDA Guidance

Dave Announces Second Quarter 2023 Results

Dave offers industry-leading APY for all members to grow their money LOS ANGELES , Aug. 1, 2023 /PRNewswire/ -- Dave (Nasdaq: DAVE), one of the nation's leading neobanks, today announced a 4.00% annual percentage yield (APY) on both Dave Spending and Goals accounts for members in search of high-yield savings opportunities on all of their accounts. Dave members only need a Dave Spending account in order to access the 4.00% APY.

Dave Announces 4.00% Annual Percentage Yield For Checking and Savings Accounts

Dave joins as the league's Official Financial Services Partner and first fintech partner LOS ANGELES , July 27, 2023 /PRNewswire/ -- Dave (NASDAQ: DAVE), one of the nation's leading neobanks, announced today an official partnership with the Drew League, Los Angeles' premiere Pro-Am basketball league. Dave Partners with Drew League, LA's Pro-Am Basketball Team Dave chose to partner with Drew League because of their shared missions to provide opportunities for young people to succeed and give them the tools they need to create change in their lives.

Dave Partners with Drew League, LA's Pro-Am Basketball Team

LOS ANGELES, July 20, 2023 (GLOBE NEWSWIRE) -- Dave Inc. (the “Company”) (Nasdaq: DAVE, DAVEW), one of the nation's leading neobanks, will host a conference call on Tuesday, August 8, 2023 at 4:30 p.m. Eastern time to discuss its financial results for the second quarter ended June 30, 2023. The Company's results will be reported in a press release prior to the call.

Dave to Report Second Quarter 2023 Results on August 8, 2023 at 4:30 p.m. ET

LOS ANGELES , July 10, 2023 /PRNewswire/ -- Dave Inc. (Nasdaq: DAVE), one of the nation's leading neobanks, announced today the appointment of Yadin Rozov, a financial expert with deep experience in managing financial services firms and operating public companies, to its Board of Directors, effective July 6, 2023. Mr. Rozov has previously served as a board member for banking, insurance, chemicals, and pharmaceutical companies.

Dave Inc. Announces Appointment of Yadin Rozov to Board of Directors

I expect near-term losses to widen due to plans to increase marketing spend. I also feel that losses may not only extend but also stick, suggesting that the model entails expensive growth, until Dave can prove otherwise. My modeled target price of $4.92 for FY 2023 suggests that the stock is fully valued to slightly overvalued at present. I rate Dave neutral.

Dave: Losses May Extend And Remain Sticky

Los Angeles, California--(Newsfile Corp. - May 31, 2023) - Dave Inc. (NASDAQ: DAVE), one of the leading U.S. neobanks, announced today that its management team will present and host one-on-one meetings at the 13th Annual LD Micro Invitational, which is taking place at the Luxe Sunset Boulevard Hotel in Los Angeles, California on June 6-8, 2023. Dave is scheduled to present on Wednesday, June 7 at 12:30 PM PT, and will host one-on-one meetings throughout the day.

Dave to Present at the LD Micro Invitational XIII on June 7, 2023

Dave Partners with inBrain.ai, a Dynata solution, to expand its Side Hustle Platform LOS ANGELES , May 23, 2023 /PRNewswire/ -- Dave  Inc. (NASDAQ: DAVE ), one of the nation's leading neobanks, announced today that its members have collectively earned more than $1 million through its new Side Hustle feature, Surveys . Dave launched Surveys in December 2022 through an exclusive partnership with survey monetization platform inBrain.ai, a Dynata solution.

Dave Members Earn More Than $1 Million with New Survey Offering

Dave Inc. (NASDAQ:DAVE ) Q1 2023 Earnings Conference Call May 9, 2023 4:30 PM ET Company Participants Jason Wilk - Chief Executive Officer Kyle Beilman - Chief Financial Officer Operator Good afternoon, and welcome to the Dave Inc. Conference Call. [Operator Instructions] And finally, I would like to advise all participants that this call is being recorded.

Dave Inc. (DAVE) Q1 2023 Earnings Call Transcript

LOS ANGELES, April 27, 2023 (GLOBE NEWSWIRE) -- Dave Inc. (the “Company”) (Nasdaq: DAVE, DAVEW), one of the leading U.S. neobanks, will host a conference call on Tuesday, May 9, 2023 at 4:30 p.m. Eastern time to discuss its financial results for the first quarter ended March 31, 2023. The Company's results will be reported in a press release prior to the call.

Dave Schedules First Quarter 2023 Conference Call for May 9, 2023 at 4:30 p.m. ET

Dave Inc. (DAVE) is technically in oversold territory now, so the heavy selling pressure might have exhausted. This along with strong agreement among Wall Street analysts in raising earnings estimates could lead to a trend reversal for the stock.

Down -32.11% in 4 Weeks, Here's Why Dave Inc. (DAVE) Looks Ripe for a Turnaround

Dave Inc. (NASDAQ:DAVE ) Q4 2022 Earnings Conference Call March 6, 2023 5:00 PM ET Company Participants Jason Wilk - Chief Executive Officer Kyle Beilman - Chief Financial Officer Conference Call Participants Operator Good afternoon, everyone, and thank you for participating in today's conference call to discuss Dave's financial results for the fourth quarter and full year ended December 31, 2022. Joining us today are Dave's CEO, Mr.

Dave Inc. (DAVE) Q4 2022 Earnings Call Transcript

Q4 Record GAAP Revenue Grew 45% Year Over Year Q4 Transaction Based Revenue Grew 88% Year Over Year Q4 Net Loss and Adj. EBITDA Improved by 55% and 59%, Respectively, From Q3 2022 Q4 28-Day Delinquency Rate Improved ~50 Basis Points From Q3 2022

Dave Inc. Announces Fourth Quarter and Full Year 2022 Results

LOS ANGELES, March 02, 2023 (GLOBE NEWSWIRE) -- Dave Inc. (the “Company”) (Nasdaq: DAVE, DAVEW), one of the leading U.S. neobanks on a mission to build products that level the financial playing field, today announced that the Company will participate in three upcoming investor conferences in March 2023:

Dave to Participate at Upcoming Investor Conferences

LOS ANGELES, Feb. 22, 2023 (GLOBE NEWSWIRE) -- Dave Inc. (the “Company”) (Nasdaq: DAVE, DAVEW), one of the leading U.S. neobanks on a mission to build products that level the financial playing field, will host a conference call on Monday, March 6, 2023 at 5:00 p.m. Eastern time to discuss its financial results for the fourth quarter and full year ended December 31, 2022. The Company's results will be reported in a press release prior to the call.

Dave Inc. Schedules Fourth Quarter and Full Year 2022 Conference Call for March 6, 2023 at 5:00 p.m. ET

Dave has developed a digital banking application that offers many unique features from zero overdraft "free cash" to side hustles. Its platform has 7.8 million members and the company increased its revenue by a rapid 48% year over year.

Dave: Fintech Pioneer With Digital Banking Tailwinds

LOS ANGELES--( BUSINESS WIRE )--Dave Inc. (the “Company”) (Nasdaq: DAVE, DAVEW), one of the leading U.S. neobanks on a mission to build products that level the financial playing field, today announced that its Board of Directors has approved a 1-for-32 reverse stock split of the Company's Class A common stock and Class V common stock (collectively, the “Common Stock”). The reverse stock split will become effective at 5:01 p.m. Eastern Time today, January 5, 2023, after close of trading on The Nasdaq Global Market. The Company's Class A common stock is expected to commence trading on a split-adjusted basis when the markets open on January 6, 2023 under the existing trading symbol “DAVE.” Based on the closing price as of January 5, 2023, the implied post-split share price is approximately $9.44.

Dave Inc. Announces Reverse Stock Split Effective

Few companies embody fintech's rise and fall as much as Dave, one of a new breed of digital banking providers taking on the likes of JPMorgan Chase.

'We're alive and kicking': CEO of banking app Dave wants to dispel doubts after this year's 97% stock plunge

Dave Inc. (NASDAQ:DAVE ) Q3 2022 Earnings Conference Call November 10, 2022 5:30 PM ET Company Participants Jason Wilk – Chairman and Chief Executive Officer Kyle Beilman – Chief Financial Officer Conference Call Participants Michael Falco – JMP Securities Operator Greetings, and welcome to Dave's Third Quarter 2022 Earnings Call. As a reminder, this conference is being recorded.

Dave Inc. (DAVE) Q3 2022 Earnings Call Transcript

LOS ANGELES, Nov. 11, 2022 (GLOBE NEWSWIRE) -- Dave  Inc. (NASDAQ: DAVE, DAVEW) (“Dave” or the “Company”), one of the leading U.S. neobanks on a mission to build products that level the financial playing field, today announced that the Company will be participating in the following investor conferences:

Dave to Participate in Upcoming Investor Conferences

Record GAAP Operating Revenue and Non-GAAP Operating Revenue, Which Increased 41% Year Over Year

Dave Reports Third Quarter 2022 Financial Results

Dave Inc. (DAVE) witnesses a hammer chart pattern, indicating support found by the stock after losing some value lately. This coupled with an upward trend in earnings estimate revisions could mean a trend reversal for the stock in the near term.

Here's Why Dave Inc. (DAVE) Looks Ripe for Bottom Fishing

LOS ANGELES , Nov. 2, 2022 /PRNewswire/ -- Dave Inc. (NASDAQ: DAVE) (NASDAQ: DAVEW), a banking app on a mission to build products that level the financial playing field, today announced that it officially surpassed $5 billion in total advances and overdraft advances to its members with its ExtraCash service. This milestone was achieved at the end of the third quarter, with total advance and overdraft advance origination volume almost doubling over the last 12 months.

News for Dave Stock (DAVE)