secwatch.observer — SEC 8-K summary
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Issuer:     Dave Inc./DE (DAVE)
CIK:        0001841408
Form:       8-K
Filed at:   2024-08-06T23:59:59+00:00
Accession:  0001193125-24-194330
Event type: earnings
Sentiment:  positive
Materiality: 0.85
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Dave Q2 revenue $80.1M (+31% YoY); raises FY 2024 Adj. EBITDA guidance to $40-50M
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- GAAP net income $6.4M vs -$22.6M YoY; Adj. EBITDA $15.2M vs -$13.1M YoY.
- Monthly transacting members record 2.3M, +18% YoY; ExtraCash originations $1.2B, +37%.
- Customer acquisition cost down 26% to $15; 28-day delinquency rate improved 80bps to 2.03%.
- FY 2024 revenue guidance raised to $310-325M; Adj. EBITDA guidance raised to $40-50M.
- Cash and equivalents $89.7M; no increase in debt facility utilization during quarter.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1841408/000119312524194330/0001193125-24-194330-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1841408/000119312524194330/d862777d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-24-194330

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