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DAVE INC - DAVEW STOCK NEWS

Welcome to our dedicated page for DAVE news (Ticker: davew), a resource for investors and traders seeking the latest updates and insights on DAVE stock.

Dave Inc (NASDAQ: DAVEW) delivers innovative digital banking solutions through its mobile-first neobank platform. This news hub provides investors and financial professionals with essential updates on the company's strategic initiatives, regulatory developments, and market positioning within the competitive fintech sector.

Access timely reports on earnings announcements, product enhancements, and partnership agreements that shape Dave's growth trajectory. Our curated collection includes filings related to the company's proprietary CashAI technology, banking service expansions, and customer acquisition metrics - all critical for understanding this disruptive financial services provider.

Key areas of focus include updates on overdraft protection features, credit-building tools, and the company's evolving revenue model. Track developments in Dave's collaborations with FDIC-insured banking partners and its ongoing efforts to democratize financial services for underserved communities.

Bookmark this page for streamlined access to material disclosures and analysis-free reporting on one of fintech's most dynamic public companies. Check regularly for new SEC filings, executive commentary, and operational milestones that impact DAVEW's market performance.

Rhea-AI Summary
Dave Inc. (DAVE) will participate in the Citizens JMP Technology Conference, holding 1x1 meetings and a fireside chat on March 5, 2024, at The Ritz-Carlton in San Francisco, CA. The event aims to showcase the company's presence and engage with investors and stakeholders.
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Dave Inc. (DAVE) will host a conference call on March 5, 2024, to discuss its financial results for Q4 and full year 2023. The call will be led by Dave management with a Q&A session. Details for registration and webcast are provided. The call will be available for replay on the Company's website.
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Dave Inc. will participate in the Wolfe Fintech Forum on March 13-14, 2024, showcasing its neobanking services. Investors can schedule 1x1 meetings with the team on March 14 by registering for the conference.
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DAVE Raises 2023 Guidance for Non-GAAP Revenue, Non-GAAP Variable Margin and Adjusted EBITDA, Implying Adjusted EBITDA Profitability in Q4 2023 at the Midpoint of the Range. Q3 GAAP Revenue up 7% Q/Q to $65.8 Million; Q3 Non-GAAP Variable Profit up 13% Q/Q. DAVE reports substantial progress towards profitability, with a positive outlook for growth and sustainable business model improvements.
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Dave Inc. will host a conference call on November 7, 2023, to discuss its financial results for Q3 2023.
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Dave Inc. has amended its Delayed Draw Senior Secured Loan Facility, increasing the total size by $50 million to $150 million and extending the maturity by approximately two years to December 15, 2026. The amendment also reduces the cost of funds by nearly 200 basis points. This provides Dave with more leverage, capacity, and term at a lower cost, supporting their growth objectives and liquidity position.
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Dave Inc. to participate in H.C. Wainwright Global Investment Conference, offering on-demand presentation and 1x1 meetings.
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Dave Inc. reports Q2 financial results with revenue up 34% YoY to $61.2 million and net loss improving by 17% YoY. Non-GAAP variable profit up 78% and adjusted EBITDA loss improves 54% to $13.1 million. The company raises its non-GAAP variable profit margin outlook to 47% - 51%. Q2 highlights include increased new members, higher transactions per MTM, and growth in ExtraCash originations. Dave maintains its 2023 non-GAAP operating revenue and adjusted EBITDA guidance.
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Dave Inc. will host a conference call on August 8, 2023, to discuss its financial results for Q2 2023.
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DAVE INC

Nasdaq:DAVEW

DAVEW Rankings

DAVEW Stock Data

13.07M
Software - Application
Finance Services
Link
United States
LOS ANGELES