secwatch.observer — SEC 8-K summary
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Issuer:     Dave Inc./DE (DAVE)
CIK:        0001841408
Form:       8-K
Filed at:   2024-11-05T23:59:59+00:00
Accession:  0001193125-24-251349
Event type: earnings
Sentiment:  negative
Materiality: 0.75
Item codes: 2.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Dave Q3 prelim: rev $92.5M (+41%), net income $0.5M; FTC sues over ExtraCash
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- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1841408/000119312524251349/0001193125-24-251349-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1841408/000119312524251349/d879974d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-24-251349

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