New game debuts at all Dave & Buster's locations, delivering an immersive UFC experience for fansDALLAS, March 13, 2025 /PRNewswire/ -- Dave & Buster's, the ultimate destination to eat, drink, play, and watch sporting events, is taking its partnership with UFC to the next level with the launch of the UFC Challenge game. Available now at Dave & Buster's locations nationwide, this high-energy interactive game is set to amplify the fight-night experience, further establishing Dave & Buster's as a premier desti ...

Los Angeles, March 10, 2025 (GLOBE NEWSWIRE) -- Dave Inc. (“Dave” or the “Company”) (NASDAQ: DAVE), one of the nation’s leading neobanks, today announced that its Board of Directors has authorized a share repurchase program to buy back up to $50 million of its outstanding Class A common stock. The repurchase program does not have a fixed expiration date and may be executed from time to time based on market conditions, liquidity, and other strategic considerations. Subject to market conditions, the Company e ...

Dave (DAVE) Q4 2024 Earnings Call March 04, 2025 06:40 PM ET Company Participants Jason Wilk - Co-Founder, CEO, President & ChairmanKyle Beilman - Chief Financial OfficerJoseph Vafi - Managing Director, Equity ResearchHal Goetsch - Managing Director Conference Call Participants Jacob Stephan - Senior Research AnalystJeff Cantwell - Senior Equity AnalystGary Prestopino - Vice President & Senior Research Analyst Operator Good morning, everyone, and thank you for participating in today's conference call to dis ...

Financial Performance - Operating revenues increased from $259.1 million in 2023 to $347.1 million in 2024, reflecting significant growth[138]. - The company has recently achieved profitability, but there is no guarantee of sustaining it, as it has historically incurred losses since its incorporation in October 2015[173]. - The company anticipates that its growth rate will decline in the future due to increasing business scale and market conditions[138]. - The company may require additional capital to support growth, which may not be available on favorable terms[146]. - Changes in debit interchange rates could adversely affect the company's financial position and results, as interchange revenues are a significant percentage of total operating revenues[171]. - Elevated interest rates may reduce consumer spending and increase delinquencies, defaults, and charge-offs, adversely affecting the company's business[175]. - Economic factors such as interest rates, inflation, and consumer confidence significantly impact the company's revenue and consumer spending behavior, potentially leading to reduced usage of ExtraCash products[200]. - The financial condition of commercial partners is crucial; deterioration or bankruptcy of partners may lead to higher charge-off rates and impact recoveries[202]. Regulatory and Compliance Risks - The company is subject to extensive regulation under federal, state, and local laws, which could lead to increased compliance costs and operational restrictions[225]. - The company faces risks related to compliance with various laws and regulations, including anti-money laundering and anti-terrorism financing laws, which could adversely affect its business and financial condition[249]. - The regulatory landscape is evolving, with potential new laws and interpretations that could materially affect the company's business model and operations[220]. - The company has received inquiries from state regulators regarding licensing requirements, which could lead to fines or operational restrictions if found in violation[237]. - The company could face significant monetary costs or penalties if found in violation of state licensing or consumer finance laws[240]. - Compliance with privacy and data protection laws may result in higher operational costs and restrict the company's ability to provide certain products and services[242]. - Future laws and regulations regarding data protection could require the company to modify its platform, potentially impacting its ability to develop new functionalities[245]. - The CFPB finalized a rule in October 2024 to establish a regulatory framework for open banking, which may limit the company's ability to collect and use Members' data for cross-marketing[247]. Operational Risks - The company faces risks related to the performance of ExtraCash receivables, which are not secured or insured, potentially leading to higher than expected credit losses[114]. - The company relies on third-party vendors for critical services, including payment processing and cloud infrastructure, which poses risks if these vendors fail to comply with legal requirements[131]. - The company may face adverse effects on its business if third-party vendors terminate agreements or fail to provide services on acceptable terms[133]. - The company relies on software that is complex and may contain undetected errors, which could lead to service disruptions and negatively impact its reputation[158]. - The company is exposed to operational risks from misconduct and errors by employees and third-party service providers, which could lead to reputational damage and financial liabilities[180]. - The company’s partnership with banks is subject to regulatory scrutiny, which could impact its ability to offer certain products and services[210]. - The company may incur overdraft exposure due to late-posting transactions, which could result in financial liabilities[154]. - The company has identified material weaknesses in its internal control over financial reporting for the years ended December 31, 2023, and 2022, which may adversely affect its ability to accurately report financial results[188]. Market and Competitive Risks - The company may experience pricing pressure as the market matures and competitors introduce new products or services[117]. - The company’s ability to settle ExtraCash overdrafts is dependent on consumers' financial stability, which may be impacted by economic factors such as job loss or inflation[115]. - The company faces challenges in accurately assessing Member qualifications due to potential inaccuracies in information provided by third parties[150]. - Negative publicity regarding the company's platform or the fintech industry could harm its reputation and consumer confidence, adversely affecting business operations[177]. - The company faces challenges in maintaining its culture and retaining key personnel, which are critical for its growth and operational effectiveness[178][179]. Legal Risks - The company is currently involved in litigation with the FTC regarding alleged violations of consumer protection laws, which could result in significant monetary relief and operational changes[212]. - The company is actively litigating a class action lawsuit filed in December 2022, with uncertain outcomes[215]. - Legal proceedings and regulatory actions could result in significant costs and reputational harm, impacting the company's overall financial condition and operating results[250]. Capital Structure and Shareholder Issues - The dual class structure of the company's common stock concentrates voting control with the CEO, potentially limiting other shareholders' influence on corporate matters[254]. - The company's stock price is volatile and subject to fluctuations based on various factors, including operating results and market conditions[256]. - The company has never paid cash dividends and intends to retain future earnings to fund business growth, making capital appreciation the sole source of gain for shareholders[258]. - The company has issued additional shares under an employee incentive plan, which may dilute existing shareholders' interests[277]. - As of February 20, 2025, current officers and directors hold approximately 16% of the outstanding shares, including shares convertible into common stock[278]. Debt and Financial Obligations - The company has drawn $75.0 million from its $150.0 million Debt Facility, which matures in December 2026[287]. - The company's ability to service the Debt Facility depends on generating sufficient cash flow from operations or available cash[288]. - The Debt Facility includes financial covenants that may restrict operational flexibility and require diversion of funds from other uses[289]. - The company guarantees certain obligations of its wholly-owned subsidiary, Dave OD Funding, which also has a Debt Facility with similar financial covenants[291].

Core Insights - Dave Inc. (DAVE) reported quarterly earnings of $2.04 per share, significantly exceeding the Zacks Consensus Estimate of $1.09 per share, and showing a substantial increase from $0.03 per share a year ago, resulting in an earnings surprise of 87.16% [1] - The company achieved revenues of $100.9 million for the quarter ended December 2024, surpassing the Zacks Consensus Estimate by 6.14% and up from $73.2 million year-over-year, marking four consecutive quarters of exceeding revenue estimates [2] - DAVE shares have increased approximately 15.8% year-to-date, outperforming the S&P 500's gain of 1.2% [3] Earnings Outlook - The current consensus EPS estimate for the upcoming quarter is $1.24 on revenues of $89 million, while for the current fiscal year, the estimate is $5.16 on revenues of $414.9 million [7] - The estimate revisions trend for DAVE Inc. is favorable, contributing to a Zacks Rank 2 (Buy) for the stock, indicating expected outperformance in the near future [6] Industry Context - The Technology Services industry, to which DAVE belongs, is currently ranked in the top 31% of over 250 Zacks industries, suggesting a positive outlook for stocks within this sector [8] - GDS Holdings, another company in the same industry, is expected to report a quarterly loss of $0.22 per share, with a year-over-year change of +64.5%, and revenues projected at $430.7 million, reflecting a 19.6% increase from the previous year [9]

Exhibit 99.1 "We closed out the year with record-setting results, delivering another quarter of exceptional growth and profitability," said Jason Wilk, Founder and CEO of Dave. "Our performance was underpinned by strong member demand and continued strength in our team's execution. ExtraCash originations were up 44% year-over-year supported by increased member growth and average origination per member. Our CashAI-powered underwriting continued to drive improvements in credit performance which contributed to ...

Record Q4 Revenue up 38% Y/Y to $100.9 Million; FY24 Revenue up 34% to $347.1 Million Q4 Net Income Increases $16.6 Million Y/Y to $16.8 Million; Adj. EBITDA increases 234% Y/Y to $33.4 Million, Significantly Exceeding High-End of Guidance Establishes Strong 2025 Revenue and Adjusted EBITDA Outlook LOS ANGELES, March 03, 2025 (GLOBE NEWSWIRE) -- Dave Inc. (“Dave” or the “Company”) (Nasdaq: DAVE), one of the nation’s leading neobanks, today announced fourth quarter and full year results for the period ended ...

Dave Inc. (DAVE) will report fourth-quarter 2024 results on Mar. 3, after market close.See Zacks Earnings Calendar to stay ahead of market-making news.The consensus estimate for total earnings is pinned at $4.22 per share, whereas it incurred a loss of $4.07 a year ago. Image Source: Zacks Investment Research The Zacks Consensus Estimate for revenues in the to-be-reported quarter is pegged at $341.3 million, suggesting 31.7% growth on a year-over-year basis. There has been no change in analyst estimates or ...

Core Points - LifeStance Health Group, Inc. has appointed Dave Bourdon as the new Chief Executive Officer, succeeding Ken Burdick, who will become Executive Chairman [1][2] - Ryan McGroarty has been appointed as the new Chief Financial Officer, bringing over 25 years of healthcare experience [1][4] - Bourdon's leadership is expected to maintain the company's strong operational and financial performance, having met or exceeded expectations for nine consecutive quarters [2][3] Leadership Transition - Ken Burdick has served as CEO and Chairman since September 2022 and has a 45-year career in healthcare [3] - Bourdon has been with LifeStance as CFO since November 2022 and has extensive experience in the healthcare sector, including previous roles at Magellan Health and Cigna [2][3][4] - McGroarty's prior experience includes serving as CFO of Help at Home and various roles at Cigna, focusing on government and commercial healthcare programs [4] Company Overview - LifeStance is one of the largest providers of outpatient mental health care in the U.S., operating over 550 centers across 33 states [6][7] - The company employs approximately 7,400 mental health professionals and aims to improve access to affordable mental healthcare [7]

Core Viewpoint - Dave Inc. is actively engaging with investors by participating in two upcoming conferences in March 2025, highlighting its position as a leading neobank in the U.S. [1] Company Overview - Dave Inc. (Nasdaq: DAVE) is recognized as a leading neobank and fintech pioneer, serving millions of everyday Americans with disruptive technologies that offer banking services at lower costs compared to traditional banks [3] - The company partners with Evolve Bank & Trust, which is a member of the FDIC, ensuring a level of security and trust in its banking services [3] Upcoming Events - The Citizens JMP Technology Conference will take place on March 3-4, 2025, in San Francisco, where the company will participate in a fireside chat and hold one-on-one meetings on March 4 [4] - The Wolfe Research FinTech Forum is scheduled for March 11-12, 2025, in New York, where the company will present to investors and conduct one-on-one meetings on March 12 [4]