secwatch.observer — SEC 8-K summary
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Issuer:     Dave Inc./DE (DAVE)
CIK:        0001841408
Form:       8-K
Filed at:   2024-03-05T23:59:59+00:00
Accession:  0001193125-24-058700
Event type: earnings
Sentiment:  positive
Materiality: 0.80
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Dave posts Q4 2023 net income of $0.2M, revenue $73.2M; FY23 revenue $259.1M; guides FY24 EBITDA $25-35M
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- Q4 GAAP net income of $0.2M (vs -$21.5M YoY); Adjusted EBITDA of $10.0M (vs -$12.8M).
- FY 2023 revenue $259.1M (+26% YoY); GAAP net loss improved to $48.5M from $128.9M in 2022.
- FY 2024 guidance: revenue $305-325M (18-25% growth); Adjusted EBITDA $25-35M.
- Repurchased FTX convertible note for $71M (67% of $105.5M balance), recording a $35M discount.
- Monthly transacting members up 11% to 2.1M; ExtraCash originations up 29% to $1.0B in Q4.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1841408/000119312524058700/0001193125-24-058700-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1841408/000119312524058700/d767476d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-24-058700

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer