Dave Inc. Warrants - DAVEW STOCK NEWS

Dave Inc. reported strong Q4 2022 results, with a record GAAP revenue growth of 45% year-over-year. Transaction-based revenue surged 88% compared to the previous year. The company achieved a net loss reduction of 55% and an improved adjusted EBITDA, down 59% from Q3 2022. Customer acquisition costs fell by 31%, while membership grew by 543,000 to a total of 8.3 million. The 28-day delinquency rate improved to 3.58%. Looking ahead, the company projects 2023 non-GAAP revenues between $235 million and $260 million, indicating growth of 11%-23%, and aims for positive adjusted EBITDA by 2024.

On March 2, 2023, Dave announced its participation in three investor conferences in March 2023. The conferences include the JMP Securities Technology Conference on March 6-7 in San Francisco, where the Company will hold a fireside chat and 1x1 meetings. The Wolfe Research FinTech Forum takes place on March 14-15 in New York City with 1x1 meetings on March 15. Lastly, the Sidoti Virtual Investor Conference occurs on March 22-23, featuring a virtual presentation and meetings on March 22. To request a meeting, interested parties can contact investor relations.

Dave Inc. (Nasdaq: DAVE, DAVEW) will host a conference call on March 6, 2023, at 5:00 p.m. Eastern time to discuss its financial results for the fourth quarter and full year ending December 31, 2022. The results will be announced in a press release prior to the call. Interested parties can join the call by dialing (877) 407-0789 or registering for the live webcast. A replay and transcript will be available on Dave's investor relations website. The company, recognized as a leading U.S. neobank, aims to create financial products that enhance financial accessibility for its customers.

Dave Inc. announced a 1-for-32 reverse stock split effective January 5, 2023, at 5:01 p.m. ET. This move aims to boost the per-share market price of its Class A common stock to comply with NASDAQ's minimum bid price requirement. The new trading price post-split is expected to be around $9.44. The split has been approved by stockholders during a meeting on December 13, 2022, and will affect Class A and Class V common stocks without changing authorized shares or par values.

Dave Inc. (NASDAQ: DAVE, DAVEW), a leading U.S. neobank, announced its participation in two upcoming investor conferences. The Company will present at Citi’s 2022 FinTech Conference on November 15, 2022, in New York, and at the Wedbush’s Disruptive Finance Virtual Conference on December 2, 2022. Dave aims to enhance financial accessibility through its innovative tools, including debit cards and spending accounts, helping millions manage finances effectively. For additional details, visit www.dave.com.

Dave Inc. reported record financial results for Q3 2022, with GAAP operating revenue rising 41% year-over-year to $56.8 million. The company achieved significant progress in its Dave Card business, with transaction-based revenue up 43% sequentially. The total member count reached 7.8 million, adding 808,000 net new members, and Monthly Transacting Members grew 18% to 1.8 million. Liquidity remains strong with $225 million available. Dave anticipates adjusted EBITDA losses to decrease in Q4 while reiterating FY 2022 revenue guidance of $200 million to $215 million.