Dave Inc. (NASDAQ:DAVE) Q1 2024 Earnings Conference Call May 7, 2024 8:30 AM ET Company Participants Jason Wilk - Chief Executive Officer Kyle Beilman - Chief Financial Officer Conference Call Participants Devin Ryan - JMP Securities Gary Prestopino - Barrington Research Zachary Gunn - FT Partners Operator Good morning, everyone, and thank you for participating in today's conference call to discuss Dave's Financial Results for the First Quarter Ended March 31, 2024. Joining us today are Dave's CEO, Mr. Jaso ...

1Q24 Earnings Presentation May 7, 2024 Disclaimer REGARDING FORWARD-LOOKING STATEMENTS FORWARD-LOOKING STATEMENTS This presentation of Dave Inc. (“Dave” or the “Company”) includes “forward-looking statements” within the meaning of the “safe harbor” provisions of the U.S. Private Securities Litigation Reform Act of 1995. Forward-looking statements may be identified by the use of words such as “future,” “growth,” “opportunity,” “well-positioned,” "forecasts," "intends," “estimates,” “seeks," "targets," “antic ...

Exhibit 99.1 Dave Reports Record First Quarter 2024 Results Record Q1 Revenue of $73.6 Million; Y/Y Revenue Growth Accelerates for Second Consecutive Quarter Q1 GAAP Net Income Reaches $34.2 Million and Adj. EBITDA Increases to $13.2 Million Dave Raises 2024 Adjusted EBITDA Guidance to $30-$40 Million LOS ANGELES, CA – May 7, 2024 – Dave Inc. (“Dave” or the “Company”) (Nasdaq: DAVE), one of the nation’s leading neobanks, today reported its financial results for the first quarter ended March 31, 2024. “2024 ...

INCLINE VILLAGE, Nev., April 18, 2024 /PRNewswire/ -- Socure, the leading provider of artificial intelligence for digital identity verification, sanction screening, and fraud prevention, today launched its next generation Document Verification (DocV) solution, purpose-built to tackle the rash of stolen identities, spoofing, and highly sophisticated deepfake attacks that are accelerating in their complexity across nearly every segment of the digital economy. Open source generative AI tools have intensified t ...

LOS ANGELES, March 21, 2024 (GLOBE NEWSWIRE) -- Dave Inc. ("Dave" or the "Company") (NASDAQ:DAVE), one of the nation's leading neobanks, today announced that the Company will participate in the upcoming virtual FT Partners Equity Research Weekly Forum being held on Friday, March 22, 2024. The team will participate in a fireside chat at 10:30 a.m. ET followed by a question-and-answer period. To request details to view the live event, please email FT Partners at equityresearchsales@ftpartners.com or email the ...

业绩总结 - Dave公司2023财年实际收入超出指导范围，同比增长26%[23] - Dave卡消费额同比增长41%，反映了银行跨附加的策略[50] - 4Q23现金AI表现强劲，28天逾期率下降至历史最低2.19%[45] - 4Q23现金发放额首次超过10亿美元[41] - 4Q23新增会员达到683k，同比下降4%[29] 用户数据 - 4Q23月度交易会员总数同比增长11%[38] - 年化每月交易会员收入同比增长9%[56] 未来展望 - Dave公司强调了强大的产品市场适应性，推动了高效的客户获取成本[65] 新产品和新技术研发 - Dave公司通过ExtraCash产品提供短期现金支持，帮助消费者填补工资之间的资金缺口[19] - ExtraCash产品的平均额度约为153美元，有助于消费者应对生活必需品的支出[19] - ExtraCash产品的快速决策和实时数据分析使得公司能够及时应对信用状况的变化[19] 市场扩张和并购 - Dave公司在2023年第四季度财报电话会议中提到，美国有大约180万消费者面临着财务困境[14] - 传统银行对普通消费者的支持不足，导致他们支付了大量的费用[17] 负面信息 - 过去几年，美国消费者的储蓄率明显下降，许多人陷入了贫困[14]

财务数据和关键指标变化 - 公司在2023年第四季度实现了调整后EBITDA和GAAP净收益的盈利,创下新的历史高点 [4][44] - 2023年全年收入增长18%-25%,预计在305-325百万美元之间 [50] - 2024年调整后EBITDA预计在25-35百万美元之间,较2023年增加35-45百万美元 [51] 各条业务线数据和关键指标变化 - ExtraCash业务在第四季度实现了11%的交易会员增长和29%的发放额增长,达到每季度10亿美元 [16][19] - Dave Card业务在第四季度的交易额增长41%,达到3.69亿美元 [23] - 公司在2023年持续提升会员的终身价值,通过提高会员留存率和银行业务的增长 [7][24] 各个市场数据和关键指标变化 - 公司在第四季度新增683,000名会员,客户获取成本(CAC)降低14%至15美元,为2020年二季度以来最低 [12] - 公司在第一季度通常会受到税收返还的季节性影响,会适当减少营销投入 [13][38] 公司战略和发展方向及行业竞争 - 公司的核心战略是通过提供免息信贷产品ExtraCash高效获客,并将其转化为银行业务的深度关系 [10][22] - 公司利用大数据和自主开发的风控引擎CashAI,在信贷表现和成本控制方面持续优化 [19][20][33] - 公司计划在2024年适度投资产品研发和数据能力,以支持长期增长 [41][52] 管理层对经营环境和未来前景的评论 - 公司相信自身的信贷主导获客模式和会员中心的价值观,将支撑其未来的盈利增长和影响力扩大 [9][25][26] - 公司有信心能够在保持盈利的同时,继续投资业务发展,实现长期价值最大化 [49][52]

Revenue growth accelerates in Q4 to drive record Total RevenueAchieves Profitability with Q4 GAAP Net Income of $0.2 Million andQ4 Adjusted EBITDA of $10.0 MillionResults outperform guidance across all metrics LOS ANGELES, March 05, 2024 (GLOBE NEWSWIRE) -- Dave Inc. ("Dave" or the "Company") (NASDAQ:DAVE), one of the nation's leading neobanks, today reported its financial results for the fourth quarter and full year ended December 31, 2023. "2023 was an extraordinary year for Dave, and our results are a te ...

收入增长 - Dave公司2023年第四季度实现了创纪录的总收入增长，GAAP净收入为0.2百万美元，调整后的EBITDA为10.0百万美元[1] - DAVE INC. 2023年第四季度服务类收入净额为65.4百万美元，同比增长21.4%[18] 会员增长 - Dave公司2023年第四季度新增会员达到了68.3万人，月活跃会员达到了210万人，ExtraCash放款增长了29%至10亿美元[4] 利润增长 - Dave公司2023年全年非GAAP可变利润为45.9百万美元，较去年同期增长80%[3] - DAVE INC. 2023年第四季度非GAAP可变利润为45.9百万美元，较去年同期25.5百万美元增长79%[19] 财务状况改善 - DAVE INC. 2023年第四季度净收入为0.2百万美元，较去年同期净亏损21.5百万美元有所改善[18]

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Form 10-K (Mark One) ☒ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended December 31, 2023 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to _______ Commission file number: 001-40161 DAVE INC. (Exact Name of Registrant as Specified in Its Charter) Delaware 86-1481509 (State or other jurisdiction of ( ...