secwatch.observer — SEC 8-K summary
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Issuer:     Dave Inc./DE (DAVE)
CIK:        0001841408
Form:       8-K
Filed at:   2024-11-12T23:59:59+00:00
Accession:  0001193125-24-255957
Event type: earnings
Sentiment:  positive
Materiality: 0.85
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Dave Q3 revenue up 41% YoY to $92.5M; raises FY2024 revenue and Adj. EBITDA guidance
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- Net income of $0.5M vs. loss of $12.1M YoY; Adj. EBITDA of $24.7M, up $27.2M YoY.
- FY2024 revenue guidance raised to $340–343M (prior $310–325M); Adj. EBITDA guidance raised to $71–74M (prior $40–50M).
- Monthly transacting members up 23% to 2.4M; ExtraCash originations up 46% to $1.4B; delinquency rate improved 64 bps to 1.78%.
- Non-binding LOI entered for strategic partnership with a publicly traded fintech sponsor bank to diversify commercial relationships.
- Cash and equivalents $76.7M as of Sep 30, 2024; no increase in credit facility utilization during the quarter.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1841408/000119312524255957/0001193125-24-255957-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1841408/000119312524255957/d862351d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-24-255957

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