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Stock impact report

Dave Inc (DAVE) Q3 2024 Earnings Call Highlights: Record Revenue and Strategic Partnerships ... [Yahoo! Finance]

Dave Inc. - Class A (DAVE) 
Last dave inc. - class a earnings: 11/13 04:05 pm Check Earnings Report
US:NASDAQ Investor Relations: ir.famousdaves.com
Company Research Source: Yahoo! Finance
Dave Inc ( NASDAQ:DAVE ) achieved record revenue of nearly $93 million, marking a 41% increase from the previous year. The company reported a 63% sequential increase in adjusted EBITDA to approximately $25 million for the quarter. Dave Inc ( NASDAQ:DAVE ) successfully expanded its variable margin by nearly 1,300 basis points year over year. The company achieved a 14% year-over-year decrease in customer acquisition cost (CAC) while increasing member acquisition by 19%. Dave Inc ( NASDAQ:DAVE ) entered into a strategic partnership with a highly respected sponsored bank, expected to enhance its credit and banking products. The company is facing a legal challenge from the FTC regarding consumer disclosures and fee consent, which could impact its operations. There was a $7 million accrual for legal settlement and litigation expenses related to the FTC matter. Despite strong performance, the company anticipates an increase in the provision for credit losses in Q4 due to quart Show less Read more
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