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Latest DAVE News From Around the Web
Below are the latest news stories about DAVE INC that investors may wish to consider to help them evaluate DAVE as an investment opportunity.
Dave Announces Third Quarter 2023 ResultsRaises 2023 Guidance for Non-GAAP Revenue, Non-GAAP Variable Margin and Adjusted EBITDA, Implying Adjusted EBITDA Profitability in Q4 2023 at the Midpoint of the RangeQ3 GAAP Revenue up 7% Q/Q to $65.8 Million; Q3 Non-GAAP Variable Profit up 13% Q/QQ3 Net Loss Improves by 47% Q/Q; Adj. EBITDA Loss Improves 81% Q/Q to $2.5 Million LOS ANGELES, Nov. 07, 2023 (GLOBE NEWSWIRE) -- Dave Inc. (“Dave” or the “Company”) (Nasdaq: DAVE), one of the nation’s leading neobanks, today reported its financial re |
Dave to Report Third Quarter 2023 Results on November 7, 2023 at 4:30 p.m. ETLOS ANGELES, Oct. 24, 2023 (GLOBE NEWSWIRE) -- Dave Inc. (“Dave” or the “Company”) (Nasdaq: DAVE), one of the nation’s leading neobanks, will host a conference call on Tuesday, November 7, 2023 at 4:30 p.m. Eastern time to discuss its financial results for the third quarter ended September 30, 2023. The Company’s results will be reported in a press release prior to the call. Dave management will host the conference call, followed by a question-and-answer period. The conference call details are a |
Dave Amends Credit Facility to Increase Capacity and Advance Rate, Reduce Cost of Funds, and Extend MaturityLOS ANGELES, Sept. 18, 2023 (GLOBE NEWSWIRE) -- Dave Inc. (“Dave” or the “Company”) (Nasdaq: DAVE), one of the nation’s leading neobanks, has amended its existing Delayed Draw Senior Secured Loan Facility (the “Credit Facility”) with Victory Park Capital Advisors, LLC (“VPC”), effective September 13, 2023. The amendment to the Credit Facility accomplishes the following: Increases the total size by $50 million to $150 million;Increases the advance rate by over 800 basis points based on the $75 mi |
Dave Announces John Ricci's Retirement, Names Joan Aristei as Successor and Chief Legal OfficerDave Inc. (Nasdaq: DAVE), one of the nation's leading neobanks, today announced that John Ricci, General Counsel, will retire on September 29, 2023. Joan Aristei has been named Chief Legal Officer, effective September 25, 2023. |
Dave to Participate at the H.C. Wainwright Global Investment Conference on September 12LOS ANGELES, Aug. 23, 2023 (GLOBE NEWSWIRE) -- Dave Inc. (“Dave” or the “Company”) (Nasdaq: DAVE), one of the nation’s leading neobanks, today announced its management team will participate in the upcoming H.C. Wainwright Global Investment Conference being held September 11-13, 2023 at the Lotte New York Palace Hotel. The team will hold 1x1 meetings throughout the day on September 12, and the Company’s virtual presentation will be available starting September 11 at 7:00 a.m. ET. Please click her |
Entities Managed by Imran Khan to Acquire 2.5% Stake in Dave via Secondary Market TransactionDave Inc. ("Dave" or the "Company") (Nasdaq: DAVE), one of the nation's leading neobanks, announced today that Imran Khan, the renowned technology executive and entrepreneur, through investment funds in which he manages, has acquired 2.5% of Dave's Class A Common stock, through a secondary sale. In addition, Khan will join Dave's Board of Directors, effective immediately. Khan is the founder of Proem Asset Management and Co-Founder and CEO of the e-commerce marketplace, Verishop. Previously, he |
Dave Announces Second Quarter 2023 ResultsQ2 GAAP Revenue up 34% Year Over Year to $61.2 Million; Q2 Non-GAAP Variable Profit up 78%Q2 Net Loss Improves by 17% Year Over Year; Adj. EBITDA Loss Improves 54% to $13.1 MillionRaising Non-GAAP Variable Profit Margin Outlook to 47% - 51%; Reiterating 2023 Non-GAAP Operating Revenue and Adjusted EBITDA Guidance LOS ANGELES, Aug. 08, 2023 (GLOBE NEWSWIRE) -- Dave Inc. (the “Company”) (Nasdaq: DAVE), one of the nation’s leading neobanks, today reported its financial results for the second quarte |
Investors in Dave (NASDAQ:DAVE) from a year ago are still down 69%, even after 19% gain this past weekDave Inc. ( NASDAQ:DAVE ) shareholders should be happy to see the share price up 22% in the last month. But that... |
Dave Announces 4.00% Annual Percentage Yield For Checking and Savings AccountsDave (Nasdaq: DAVE), one of the nation's leading neobanks, today announced a 4.00% annual percentage yield (APY) on both Dave Spending and Goals accounts for members in search of high-yield savings opportunities on all of their accounts. Dave members only need a Dave Spending account in order to access the 4.00% APY. Dave Spending and Goals are the equivalent of checking and savings accounts, respectively. Dave is the only neobank offering a higher-than-average 4.00% APY for both accounts1 in an |
Dave Partners with Drew League, LA's Pro-Am Basketball TeamDave (NASDAQ: DAVE), one of the nation's leading neobanks, announced today an official partnership with the Drew League, Los Angeles' premiere Pro-Am basketball league. |