Dave Inc. Warrants - DAVEW STOCK NEWS

Dave Inc. (NASDAQ: DAVE) has launched Dave Rewards, offering cash back for everyday purchases, including a special 10% promotion on gas purchases. This initiative aims to assist members in managing inflation's impact as gas prices have surged from $3.28 to $4.62 over the year. Members can earn cash back from over 100 brands without monthly limits. The program is designed to enhance member retention and overall experience, catering especially to individuals typically excluded from rewards credit cards.

Dave, a banking app (Nasdaq: DAVE, DAVEW), announces participation in two upcoming investor conferences in New York. On June 14, 2022, Co-Founder and CEO Jason Wilk and CFO Kyle Beilman will join a Direct to Consumer FinTech panel at the RBC Capital Markets Financial Technology Conference at 10:45 AM ET. The following day, they will participate in a fireside chat at the Morgan Stanley US Financials, Payments & CRE Conference starting at 2:30 PM ET. The Morgan Stanley chat will be available via live webcast on Dave’s investor relations website.

Dave, a banking app focused on financial inclusivity, will participate in the J.P Morgan 50^th Annual Global Technology, Media and Communications Conference on May 25, 2022, at 1:10pm ET. Co-Founder and CEO Jason Wilk, along with CFO Kyle Beilman, will be featured in a fireside chat. Investors can access the presentation via a live webcast or an archived replay on Dave's investor relations website. The company aims to provide essential financial tools to help customers manage their banking, budgeting, and credit-building needs.

Dave Inc. (Nasdaq: DAVE, DAVEW) reported strong first quarter 2022 results, achieving 24% year-over-year revenue growth and adding 340,000 net new members, reaching a total of 6.4 million members. First quarter GAAP revenues were $42.6 million, up from $34.4 million in Q1 2021. However, the company faced a net loss of $34.8 million, worsening from a net income of $3.9 million a year earlier. Adjusted EBITDA stood at $(18.3) million, compared to $(8.0) million in the same quarter last year. Dave reaffirms its fiscal year 2022 outlook, projecting non-GAAP revenues between $200 million and $230 million.

Dave Inc. (Nasdaq: DAVE, DAVEW) reported strong Q1 2022 results, boasting a 24% year-over-year revenue growth with $42.6 million in GAAP operating revenues. The company added 340,000 net new members, totaling 6.4 million members. However, it experienced a net loss of $34.8 million, contrasting with a net income of $3.9 million in Q1 2021. Despite this, adjusted EBITDA rose to $18.3 million, up from $8.0 million a year prior. Dave reaffirmed its full-year revenue guidance between $200 million and $230 million.

On March 15, 2022, Dave, a banking app focused on financial equity, announced that CEO Jason Wilk and CFO Kyle Beilman will participate in the BofA Securities Virtual Electronic Payments Symposium on March 22, 2022, starting at 3:15 PM ET. The event will include a live webcast and an archived replay available on Dave’s investor relations website. The app’s mission is to enhance financial access through tools like debit cards and spending accounts, helping users budget, avoid fees, and build credit.

Dave, Inc. (Nasdaq: DAVE) will release its fourth quarter and full year 2021 financial results on March 21, 2022, after market close. A conference call to discuss these results will be held at 5:00 PM ET the same day, featuring CEO Jason Wilk and CFO Kyle Beilman. The call will be accessible via Dave’s investor relations website, with a replay available post-call. Dave aims to enhance financial accessibility through its banking app, which offers tools to help customers manage finances, avoid fees, and build credit.

On February 1, 2022, Dave Inc. (Nasdaq: DAVE) announced the appointment of Michael Pope to its Board of Directors, effective January 31, 2022. Mr. Pope, who previously served as CFO of Shutterfly and held similar roles in various technology companies, will also chair the Audit Committee. His extensive experience in finance and consumer technology is expected to bolster Dave's strategic direction as it navigates public markets.

CEO Jason Wilk emphasized Pope’s importance in aiding the company’s growth in the competitive banking app sector.

Dave Inc. has successfully completed its business combination with VPC Impact Acquisition Holdings III, leading to the rebranding of VPCC as Dave Inc. The combined entity is set to trade on the Nasdaq Global Market under the symbols DAVE and DAVEW beginning January 6, 2022. The transaction includes a significant $210 million PIPE investment from prominent investors such as Tiger Global Management, aiming to bolster Dave’s commitment to enhancing financial accessibility for millions of users.