earnings
confidence high
sentiment negative
materiality 0.75
Dave Q3 prelim: rev $92.5M (+41%), net income $0.5M; FTC sues over ExtraCash
Dave Inc./DE
2024-Q3 EPS reported
$3.02
revenue$246,236,000
- Preliminary Q3 revenue $92.5M (+41% YoY), net income $0.5M (+$12.5M YoY), Adj. EBITDA $24.7M.
- Net income includes $7.0M legal reserve for FTC matter; plans to raise FY2024 guidance on Nov 12.
- FTC filed complaint alleging violations of FTC Act and ROSCA over ExtraCash; company disputes claims.
- CEO says fees not in question, no forecast changes; company will vigorously defend.