secwatch.observer — SEC 8-K summary
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Issuer:     Dave Inc./DE (DAVE)
CIK:        0001841408
Form:       8-K
Filed at:   2023-08-08T23:59:59+00:00
Accession:  0001193125-23-206198
Event type: earnings
Sentiment:  positive
Materiality: 0.70
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Dave Q2 revenue up 34% to $61.2M; net loss improves 17%; raises variable profit margin outlook
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- GAAP revenue $61.2M (+34% YoY); net loss improved to $22.6M from $27.1M.
- Adj. EBITDA loss improved 54% to $13.1M; includes $4M data-breach legal settlement.
- Non-GAAP variable profit margin raised to 47%-51% (from 43%-47%) for FY2023.
- Monthly Transacting Members up 26% to 1.9M; ExtraCash originations rose 43% to $867M.
- Dave Card spend hit $304M (+77% YoY); reiterates FY Adj. EBITDA loss of ($50M)-($35M).

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1841408/000119312523206198/0001193125-23-206198-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1841408/000119312523206198/d547819d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-23-206198

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