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 ...

Dave Inc. (NASDAQ:DAVE) Q4 2024 Results Conference Call March 4, 2025 8:30 AM ET Company Participants Jason Wilk - CEO Kyle Beilman - CFO Conference Call Participants Joseph Vafi - Canaccord Genuity Jacob Stephan - Lake Street Capital Markets Jeff Cantwell - Seaport Research Harold Goetsch - B. Riley Securities Gary Prestopino - Barrington Operator Good morning, everyone, and thank you for participating in today's conference call to discuss Dave's Financial Results for the Fourth Quarter and Full Year Ended ...

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]

Core Viewpoint - Dave Inc. (DAVE) has received a Zacks Rank 2 (Buy) upgrade due to an upward trend in earnings estimates, which is a significant factor influencing stock prices [1][3]. Earnings Estimates and Stock Price Impact - The Zacks rating system is based on changes in a company's earnings outlook, which is a strong predictor of near-term stock price movements [2][4]. - An increase in earnings estimates typically leads to institutional investors adjusting their valuations, resulting in stock price movements [4]. Company Performance Indicators - For the fiscal year ending December 2024, DAVE is expected to earn $4.22 per share, reflecting a 203.7% increase from the previous year [8]. - Over the past three months, the Zacks Consensus Estimate for DAVE has risen by 25.4%, indicating a positive trend in earnings expectations [8]. Zacks Rating System Overview - The Zacks Rank system categorizes stocks into five groups based on earnings estimates, with a strong historical performance, particularly for Zacks Rank 1 stocks, which have averaged a +25% annual return since 1988 [7]. - The upgrade of DAVE to a Zacks Rank 2 places it in the top 20% of Zacks-covered stocks, suggesting potential for market-beating returns in the near term [10].

Core Insights - Dave Inc. has completed the transition from an optional "Tips" pricing model to a simplified 5% fee structure for its ExtraCash service, which includes a minimum fee of $5 and a cap of $15 [2][3] - The new fee structure aims to enhance member experience and lifetime value, with early testing showing positive feedback from members [2][3] - This transition aligns with Dave's mission to simplify financial services and promote financial equity among its members [3] Company Overview - Dave Inc. is a leading neobank and fintech company in the U.S., serving millions of everyday Americans with innovative banking solutions at lower costs compared to traditional banks [4] - The company partners with Evolve Bank & Trust, which is a member of the FDIC, to provide its services [4]