Dave

Dave is engaged in offering banking app that offers its customers banking, financial insights, overdraft protection, building credit, and finding side gigs.

Earnings data Q4 2021

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Dave reports strong Q4 growth, eyes profitability and market expansion

Dave's Q4 2022 results reflect robust growth in revenue, membership base, and financial efficiency, positioning the company for continued success.
While challenges like managing costs and reducing losses persist, Dave's strategic focus on growth and profitability sets a positive trajectory for 2023.
Opportunities in customer acquisition, revenue diversification, and operational improvements provide avenues for sustained growth and value creation.
Overall, Dave's performance, strengths, and outlook signal a promising future with a clear path towards achieving its financial targets and enhancing shareholder returns.

Dave (DAVE) reports robust Q1 performance and optimistic 2023 outlook

Dave's Q1 2023 performance reflects strong revenue growth, improved financial metrics, and a positive outlook for the year ahead.
The company's focus on member acquisition, engagement, and cost management highlights its strategic approach to sustainable growth.
While challenges in achieving profitability persist, Dave's opportunities lie in leveraging its strengths to drive further revenue growth and market expansion.

Dave reports stellar Q2 results, eyes growth through strategic initiatives

Dave's Q2 2023 performance showcased impressive revenue growth, efficient member acquisition, and strong financial metrics, underlining its position in the financial services sector.
Strategic initiatives like the Dave Debit Card and the addition of Imran Khan as a stakeholder signal a focused approach towards enhancing customer relationships and industry expertise.
While challenges in sustaining growth and managing expenses exist, Dave's solid financial foundation and growth opportunities position it favorably for future success.

Dave (DAVE) reports robust Q3 performance and eyes profitability

Dave's Q3 performance showcased strong growth in revenue, member base, and operational efficiency, setting the stage for future profitability.
The company's strategic initiatives and improved financial metrics demonstrate a positive outlook for sustained growth and value creation.
While challenges remain in achieving profitability, Dave's focus on cost optimization and revenue enhancement positions it well for future success.

Dave reports record Q4 performance, eyes growth through member relationships

Dave's Q4 2023 earnings call highlighted exceptional financial performance, marked by record EBITDA and positive net income. Strategic investments in digital services and strong member acquisition underscore the company's growth potential. While challenges in sustaining growth exist, opportunities to deepen member relationships and drive profitability are key focus areas for Dave.

Dave reports robust Q1 earnings, eyes disciplined growth strategy

Dave's Q1 2024 performance was marked by strong revenue growth, improved credit metrics, and enhanced member engagement through innovative AI solutions. The company aims to navigate the challenge of scaling marketing spend while ensuring profitability, leveraging opportunities in its product offerings for continued growth.

Dave reports stellar Q2 results, eyes marketing expansion for growth

Dave's Q2 2024 earnings call reflects robust financial performance, strategic marketing optimization, and a focus on enhancing customer engagement. While facing challenges in member acquisitions and marketing spend, Dave is well-positioned to leverage opportunities for sustained growth and success.

Dave reports record Q3 revenue and EBITDA growth, eyes strategic partnerships

Dave's Q3 performance reflects robust growth in revenue and EBITDA, driven by strong ExtraCash originations and improved underwriting. While facing legal challenges, the company remains confident in its financial outlook and strategic partnerships. Dave aims to capitalize on opportunities by enhancing its product offerings and member engagement.

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Dave, Inc. is a digital banking service. Its products include a budgeting tool to help members manage their upcoming bills to avoid overspending, cash advances through its flagship ExtraCash product to help members avoid punitive overdraft fees, a Side Hustle product, where Dave helps connect members with supplemental work opportunities, and Dave Banking, a modern checking account experience with valuable tools for building long-term financial health. The company was founded by Jason Wilk, Paras Chitrakar, and John Wolanin in October 2015 and is headquartered in Los Angeles, CA.

LOS ANGELES , Sept. 6, 2022 /PRNewswire/ -- Dave Inc. (NASDAQ: DAVE, DAVEW), a banking app on a mission to build products that level the financial playing field, today announced that Chien-Liang Chou has been named Chief Technology Officer, effective immediately.

Dave Announces the Appointment of Chien-Liang Chou as its New Chief Technology Officer

Board welcomes diversified leader and marketing expert to accelerate Dave's growth in providing a superior nationwide banking solution LOS ANGELES , Aug. 25, 2022 /PRNewswire/ -- Dave Inc. (NASDAQ: DAVE, DAVEW), a banking app on a mission to build products that level the financial playing field, today announced the appointment of Tesa Aragones to its Board of Directors, effective August 23, 2022. Aragones will also serve as a member of the company's nominating and corporate governance committee.

Dave Appoints Brand Marketing and Digital Product Expert Tesa Aragones to Board of Directors

LOS ANGELES, Aug. 15, 2022 (GLOBE NEWSWIRE) -- Dave, Inc. (Nasdaq: DAVE) (“Dave” or the “Company”), a banking app on a mission to build products that level the financial playing field, today announced that it will host a Town Hall event for retail investors on the investing platform Public.com on Thursday, August 18, 2022.

Dave Founder & CEO Jason Wilk to Host Public.com Town Hall for Retail Investors

Dave Inc. (NASDAQ:DAVE ) Q2 2022 Earnings Conference Call August 11, 2022 5:30 PM ET Company Participants Jason Wilk - Chief Executive Officer & Chairman of the Board Kyle Beilman - Chief Financial Officer Conference Call Participants Sagiv Hartmayer - Jefferies Operator Greetings, and welcome to Dave's Second Quarter 2022 Earnings Call. As a reminder, this conference is being recorded.

Dave Inc. (DAVE) CEO Jason Wilk on Q2 2022 Results - Earnings Call Transcript

This small-cap financial services stock was weighed down by a lower profit margin.

Why Dave Stock Was Falling This Week

Achieves Record Quarterly Non-GAAP Operating Revenue and Monthly Transacting Members in Q2 2022 Achieves Record Quarterly Non-GAAP Operating Revenue and Monthly Transacting Members in Q2 2022

Dave Reports Second Quarter 2022 Results

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Shares of Dave (NASDAQ: DAVE ) stock, a financial technology firm known for overdraft apps, rose sharply on speculation over a short squeeze. It had five times its normal trading volume on July 26, and shares were up about 40% overnight.

Is DAVE Stock the Next Big Short Squeeze?

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LOS ANGELES, July 21, 2022 (GLOBE NEWSWIRE) -- Dave, Inc. (Nasdaq: DAVE) (“Dave” or the “Company”), a banking app on a mission to build products that level the financial playing field, today announced that its second quarter 2022 financial results will be released after market close on Thursday, August 11, 2022. Dave will host a conference call to discuss second quarter 2022 financial results at 5:30pm ET the same day. Hosting the call will be Jason Wilk, Co-Founder and Chief Executive Officer, and Kyle Beilman, Chief Financial Officer.

Dave to Announce Second Quarter 2022 Results on August 11, 2022

LOS ANGELES--(BUSINESS WIRE)--Dave Inc. (NASDAQ: DAVE), the #1 banking app on a mission to build products that level the financial playing field, announced the results of its recent Harris Poll which surveyed Gen-Z and Millennial Americans about how they will spend this summer in the wake of mounting anxieties and pressures from inflation, high gas prices, Covid, and more. With inflation reaching a 8.6% rate this May, and increasing in June, Americans are facing tough decisions on when and how

Americans Cancel Summer Vacations

Dave ExtraCash™ aims to help everyday Americans combat inflation and higher costs of living; the new refreshed ExtraCash™ account provides overdraft advances up to $500 for members and now enables an instant spending option with the Dave debit card. LOS ANGELES , June 16, 2022 /PRNewswire/ -- Dave Inc. (NASDAQ: DAVE), a banking app on a mission to build products that level the financial playing field, today announced the rollout of Dave ExtraCash™ $500 and Instant to eligible new members with a plan for a full rollout through the summer months.

Dave Increases ExtraCash™ Overdraft Limit to $500 And Launches Instant Access

Dave rolls out rewards for everyday essentials, including a 10% promo on gas purchases, to help members combat inflation Dave rolls out rewards for everyday essentials, including a 10% promo on gas purchases, to help members combat inflation

Dave Launches Cash Back Rewards to All Dave Spending Members

LOS ANGELES, May 17, 2022 (GLOBE NEWSWIRE) -- Dave, Inc. (Nasdaq: DAVE, DAVEW) (“Dave” or the “Company”), a banking app on a mission to build products that level the financial playing field, today announced that Jason Wilk, Co-Founder and CEO, and Kyle Beilman, CFO, will be participating in the J.P Morgan 50th Annual Global Technology, Media and Communications Conference on Wednesday, May 25, 2022 in Boston, MA. The fireside chat will begin at 1:10pm ET.

Dave to Participate in the J.P. Morgan 50th Annual Global Technology, Media and Communications Conference on May 25, 2022

Reaffirms Fiscal Year 2022 Outlook Reaffirms Fiscal Year 2022 Outlook

CORRECTION -- Dave Reports First Quarter 2022 Financial Results

Dave, Inc. (NASDAQ:DAVE ) Q1 2022 Earnings Conference Call May 11, 2022 5:30 PM ET Company Participants Jason Wilk - CEO, President, and Chairman of the Board Kyle Beilman - Chief Financial Officer Operator Greetings, and welcome to Dave's First Quarter 2022 Earnings Call. As a reminder, this conference is being recorded.

Dave, Inc. (DAVE) CEO Jason Wilk on Q1 2022 Results - Earnings Call Transcript

LOS ANGELES, May 04, 2022 (GLOBE NEWSWIRE) -- Dave, Inc. (Nasdaq: DAVE) (“Dave” or the “Company”), a banking app on a mission to build products that level the financial playing field, today announced that its first quarter 2022 financial results will be released after market close on Wednesday, May 11, 2022. Dave will host a conference call to discuss first quarter 2022 financial results at 5:30pm ET the same day. Hosting the call will be Jason Wilk, Co-Founder and Chief Executive Officer, and Kyle Beilman, Chief Financial Officer.

Dave to Announce First Quarter 2022 Results on May 11, 2022

DAVE is an emerging fintech player recognized for its free cash advances for users to avoid bank overdraft charges.

Is Dave Stock A Buy, Sell, Or Hold Now? There Are Reasons To Be Skeptical

Dave trades at a strong valuation for a company that is not close to profitability and does not seem to have any kind of unique product offerings.

Dave: Still Overvalued With No Clear Direction

Dave Inc. (DAVE) CEO Jason Wilk on Q4 2021 Results - Earnings Call Transcript

Dave Inc (NASDAQ: DAVE) shares are surging in Monday's after-hours session after the company reported financial results and announced a strategic partnership with FTX. Dave said fourth-quarter operating revenue totaled $41.2 million, which was up from $35.5 million in the fourth quarter of.

Why Dave Shares Are Surging After Hours

LOS ANGELES, March 21, 2022 (GLOBE NEWSWIRE) -- Dave Inc. (Nasdaq: DAVE) (“Dave” or the “Company”), a banking app on a mission to build products that level the financial playing field, today announced a strategic partnership with West Realm Shires Services, Inc., owner and operator of FTX US (“FTX US”), whereby the companies will work together to expand the digital assets ecosystem. FTX Ventures, a $2B venture fund, has also invested $100 million in Dave.

FTX Ventures invests $100 million in Dave; companies form strategic partnership

Dave Reports Fourth Quarter and Fiscal Year 2021 Financial Results

LOS ANGELES, March 15, 2022 (GLOBE NEWSWIRE) -- Dave, Inc. (Nasdaq: DAVE) (“Dave” or the “Company”), a banking app on a mission to build products that level the financial playing field, today announced that Jason Wilk, Co-Founder and CEO, and Kyle Beilman, CFO, will be participating in the BofA Securities Virtual Electronic Payments Symposium on Tuesday, March 22, 2022. The fireside chat will begin at 3:15pm ET.

Dave to Participate in the BofA Securities Virtual Electronic Payments Symposium on March 22, 2022

LOS ANGELES, March 14, 2022 (GLOBE NEWSWIRE) -- Dave, Inc. (Nasdaq: DAVE) (“Dave” or the “Company”), a banking app on a mission to build products that level the financial playing field, today announced that its fourth quarter and full year 2021 financial results will be released after the market close on Monday, March 21, 2022. Dave will host a conference call to discuss fourth quarter and full year 2021 financial results at 5:00pm ET the same day. Hosting the call will be Jason Wilk, Co-Founder and Chief Executive Officer, and Kyle Beilman, Chief Financial Officer.

News for Dave Stock (DAVE)