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Dave Inc. (symbol: DAVEW) is a prominent neobank in the financial services industry, offering a cutting-edge banking app that provides customers with banking services, financial insights, overdraft protection, credit building, and assistance in finding side gigs. The company has shown remarkable growth and financial success, with a focus on deepening customer relationships and achieving strong revenue growth. With a commitment to profitability and sustainable growth, Dave Inc. aims to deliver exceptional value to its members and investors.
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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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FAQ
What is the current stock price of Dave Warrants (davew)?
The current stock price of Dave Warrants (davew) is $0.13834 as of January 10, 2025.
What services does Dave Inc. provide?
Dave Inc. offers banking services, financial insights, overdraft protection, credit-building opportunities, and assistance in finding side gigs through its advanced banking app.
What sets Dave Inc. apart in the financial services industry?
Dave Inc. stands out for its commitment to deepening customer relationships, achieving strong revenue growth, and focusing on profitability and sustainable growth.
How does Dave Inc. aim to deliver value to its members and investors?
Dave Inc. strives to provide exceptional value to its members and investors through innovative banking services, financial success, and a commitment to sustainable growth.
What is the core focus of Dave Inc.'s business model?
Dave Inc. focuses on offering best-in-class banking services, leveraging disruptive technologies, and partnering with financial institutions to serve everyday Americans.
What are Dave Inc.'s plans for future growth and profitability?
Dave Inc. has a compelling roadmap for 2024, aiming to enhance its AI-enabled platform and products, deliver greater value to members through direct deposit with the Dave Card, and achieve strong growth and profitability.
Dave Inc. Warrants