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Dave(DAVE) - 2024 Q2 - Quarterly Results
2024-08-06 10:06
Exhibit 99.1 Dave Reports Record Second Quarter 2024 Results Record Q2 Revenue up 31% Y/Y to $80.1 Million; Y/Y Revenue Growth Accelerates for Third Consecutive Quarter Q2 GAAP Net Income Increases $29.0 Million Y/Y to $6.4 Million and Adj. EBITDA Increases $28.3 Million Y/Y to $15.2 Million Dave Raises 2024 Adjusted EBITDA Guidance to $40-$50 Million LOS ANGELES, CA – August 5, 2024 – Dave Inc. ("Dave" or the "Company") (Nasdaq: DAVE), one of the nation's leading neobanks, today reported its financial resu ...
Dave Issues Statement Regarding CFPB Proposal
Newsfilter· 2024-07-18 23:09
Media Contact Dan Ury press@dave.com "We are closely monitoring the recently proposed interpretive ruling from the CFPB around paycheck advance and earned wage access ("EWA"), a model which Dave was originally founded on, but transitioned away from beginning in 2022 due to a lack of certainty around the regulations," said Jason Wilk, Founder and CEO of Dave. "Dave's ExtraCash product is structured as a bank-originated overdraft with optional fees, which combats the excessive fees found at incumbent banks. A ...
Dave Issues Statement Regarding CFPB Proposal
GlobeNewswire News Room· 2024-07-18 23:09
About Dave Investor Relations Contact Sean Mansouri, CFA Elevate IR DAVE@elevate-ir.com LOS ANGELES, July 18, 2024 (GLOBE NEWSWIRE) -- Dave Inc. ("Dave" or the "Company") (Nasdaq: DAVE), one of the nation's leading neobanks, today issued a statement regarding a proposal from the Consumer Financial Protection Bureau ("CFPB"): Forward-Looking Statements Dave (Nasdaq: DAVE) is a leading U.S. neobank and fintech pioneer serving millions of everyday Americans. Dave uses disruptive technologies to provide best-in ...
DAVE INC (DAVE) Surges 8.2%: Is This an Indication of Further Gains?
ZACKS· 2024-07-17 21:01
This company is expected to post quarterly earnings of $0.12 per share in its upcoming report, which represents a year-over-year change of +106.3%. Revenues are expected to be $75.8 million, up 23.8% from the year-ago quarter. For Rackspace, the consensus EPS estimate for the upcoming report has remained unchanged over the past month at -$0.11. This represents a change of -83.3% from what the company reported a year ago. Rackspace currently has a Zacks Rank of #3 (Hold). For DAVE INC, the consensus EPS esti ...
Dave & Buster's: Sales Challenges Persist In Q1, But Store Growth Continues
Seeking Alpha· 2024-06-13 12:47
r b F 0 lies 0 -1 : 4 I I T Stock Chart From IPO (Seeking Alpha) Long-Term Store Growth Still Continues Long-term potential is seen at 550 stores as told in the 2023 investor day, showing confidence in a long runway. The store investments do take up significant capital and slow the potential ramp-up down, though, with capital expenditures of $330.2 million in FY2023. Dave & Buster's Valuation Has Some Upside The estimates put Dave & Buster's fair value estimate at $53.97, 21% above the stock price at the ti ...
Dave & Buster's Stock Slumps as Q1 Results Miss Estimates Amid Soft Consumer Demand
Investopedia· 2024-06-13 12:12
Key Takeaways Dave & Buster's Entertainment (PLAY) shares slumped more than 10% in premarket trading on Thursday after the restaurant and entertainment chain posted quarterly results that fell short of expectations amid challenging economic conditions weighing on consumer demand. Breaking down the top line, the company's entertainment revenue, which makes up about two-thirds of net sales, fell 1.9% to $385.7 million, while revenue in its food and beverage business tallied $202.4 million, down from $204.2 mi ...
Dave & Buster's Earnings: Game On, Less Than 3x EBITDA
Seeking Alpha· 2024-06-13 11:37
tupungato/iStock Editorial via Getty Images Dave & Buster's (NASDAQ:PLAY) stock dropped 12% premarket as investors didn't appreciate the company missing analyst's estimates. Furthermore, its earnings call lacked focus. This, when combined with a miss on the top line, left investors predisposed towards selling PLAY. A sell first, ask questions later, investment "strategy". However, I maintain that Dave & Buster's comparables will naturally improve starting fiscal Q2, which will overshadow its lackluster and ...
Dave & Buster's Posts Downbeat Results, Joins J.Jill And Other Big Stocks Moving Lower In Thursday's Pre-Market Session
Benzinga· 2024-06-13 09:51
Here are some big stocks recording losses in today's pre-market trading session. Loading... U.S. stock futures were mixed this morning, with the Dow futures falling around 100 points on Thursday. Dave & Buster's reported quarterly earnings of $1.12 per share which missed the analyst consensus estimate of $1.70. Quarterly sales clocked in at $588.1 million which missed the analyst consensus estimate of $621.26 million. Comparable store sales decreased 5.6% compared with the same calendar period in 2023, acco ...
Dave & Buster's Reports First Quarter 2024 Financial Results, Repurchases $50 Million of Shares and Executes Sale Leaseback Agreement of Two Properties for $45 Million
GlobeNewswire News Room· 2024-06-12 20:05
Adjusted Net income, a non-GAAP measure, represents net income before special items, as calculated below. We believe excluding these special items from net income provides investors with a clearer perspective of our ongoing operating performance and a more relevant comparison to prior period results. The following table presents a reconciliation of Net income to Adjusted Net income and presents Adjusted Net income per diluted share, for the periods shown: | --- | --- | --- | --- | --- | |------------------- ...
Earnings Preview: What To Expect From Dave And Buster's
Forbes· 2024-06-12 16:11
New York City: Manhattan NYC buildings of midtown Times Square, 42 street road, signs ads, people ... [+] walking outside Dave and Busters, NYPD police car Earnings Preview Charts & Data Courtesy of MarketSurge Inc. A Closer Look At The Technicals Its venues offer a menu of entrées and appetizers, as well as a selection of alcoholic and non-alcoholic beverages; and an assortment of entertainment attractions centered on playing games and watching live sports, and other televised events. Dave & Buster's is sc ...