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.
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
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.
Dave Inc. (Nasdaq: DAVE, DAVEW) will release its third quarter 2022 financial results after market close on November 10, 2022. The company aims to enhance financial accessibility through its banking app, which offers various tools such as debit cards and spending accounts. A conference call discussing the results will take place at 5:30 PM ET on the same day, featuring CEO Jason Wilk and CFO Kyle Beilman. The call will be available for live streaming on Dave's investor relations website, with a replay accessible afterward.
Dave, a banking app, will host a Town Hall event for retail investors on August 18, 2022, through Public.com. This event follows its Second Quarter 2022 Results announcement on August 11. Investors can submit questions starting August 12, allowing them to engage directly with Founder & CEO Jason Wilk. The Q&A session will take place live at 12 p.m. ET. Prior to this, the company provided a conference call replay of its Q2 results, which can be found on its investor relations website. Dave aims to empower users with innovative financial tools.
Dave achieved a record in Non-GAAP operating revenue and Monthly Transacting Members for Q2 2022. The firm reported a 22.4% increase in Non-GAAP operating revenue, totaling $47.0 million compared to the previous year. They added 560,000 new members, reaching approximately 7 million total members. Despite strong user engagement, the Adjusted EBITDA loss widened to $28.5 million from $4.5 million year-over-year. The company revised its fiscal year revenue outlook to between $200 million and $215 million.
