Welcome to our dedicated page for DAVE news (Ticker: DAVE), a resource for investors and traders seeking the latest updates and insights on DAVE stock.
Dave Inc. (NASDAQ: DAVE) is a U.S. neobank and fintech company that regularly issues news and updates related to its financial performance, technology, capital allocation, and mission-driven initiatives. As a digital banking platform serving millions of everyday Americans, Dave’s announcements provide insight into how it manages growth, credit performance, and member engagement.
Investors and followers of DAVE stock can use this news feed to review quarterly earnings results, including trends in operating revenues, non-GAAP gross profit, Adjusted Net Income, and Adjusted EBITDA as reported by the company. Dave’s releases often highlight metrics such as Monthly Transacting Members, ExtraCash originations and monetization, delinquency rates, and debit card spend, along with management commentary on unit economics and operating leverage.
News from Dave also covers product and technology developments. For example, the company has announced new versions of its CashAI cash flow underwriting engine, explaining how expanded feature sets and larger training datasets are intended to improve risk ranking, approval amounts, conversion, and credit outcomes for its ExtraCash product. Updates on data access arrangements and relationships with partners, such as Plaid and bank partners, appear in these communications as well.
Capital allocation decisions, including share repurchase authorizations and buyback activity, are another recurring theme in Dave’s press releases. The company explains how repurchases fit into its broader strategy and outlook. In addition, Dave uses its news channel to highlight charitable efforts, such as donations to Baby2Baby, which it presents as part of its long-standing commitment to improving the economic well-being of everyday Americans.
By following Dave’s news, readers can track how the company reports on growth, profitability, technology initiatives, partnerships, and community impact over time.
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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.
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