Dave 8/6/2024 Earnings Report

Dave EPS Results

• Actual EPS: -$1.33
• Consensus EPS: N/A
• Beat/Miss: N/A
• One Year Ago EPS: N/A

Dave Revenue Results

• Actual Revenue: $62.40 million
• Expected Revenue: N/A
• Beat/Miss: N/A
• YoY Revenue Growth: N/A

Dave Announcement Details

• Date: 8/6/2024
• Time: After Market Closes
• Conference Call Date: N/A
• Conference Call Time: N/A

Dave (NASDAQ:DAVEW), Inc. is a technology-driven financial services company that offers a suite of digital banking and budgeting tools designed to help consumers avoid overdraft fees and better manage their day-to-day finances. Through its mobile application, Dave provides interest-free cash advances of up to a few hundred dollars, automated expense tracking, budgeting insights and early access to direct deposits. The platform also offers a subscription-based membership that bundles these features with tools such as savings recommendations and credit-building services, creating an alternative to traditional banking products.

Founded in 2016 and headquartered in Los Angeles, California, Dave began as a peer-to-peer lending network before pivoting to a more comprehensive personal finance solution. Over the years, the company has expanded its product lineup to include banking services under its Dave Banking brand, offering users a debit account with no minimum balance requirements and fee-free ATM access within its network. Dave has grown its user base primarily in the United States, targeting consumers who typically face high overdraft and late-fee charges from legacy banks.

Dave is led by Founder and Chief Executive Officer Jason Wilk, who has guided the company from its early start-up phase through its public listing on the NASDAQ stock exchange. Under Wilk’s leadership, Dave has focused on leveraging data analytics and machine learning to enhance its product offerings and improve financial outcomes for its members. The company continues to innovate across its platform, exploring partnerships and new features aimed at making banking more transparent, accessible and affordable for underserved populations.