DAVE Earnings Prediction
The chart below shows how DAVE performed 10 days before and after its earnings report, based on data from the past quarters. Typically, DAVE sees a +1.40% change in stock price 10 days leading up to the earnings, and a +3.79% change 10 days following the report. On the earnings day itself, the stock moves by +10.94%. This data can give you a slight idea of what to expect for the next quarter's release.
DAVE Key Earning Data
2024/Q4
Year Over Year
Quarter Over Quarter
Total Revenue
92.49M
40.54%
15.44%
Gross Margin
--
--
--
Operating Margin
2.76%
117.17%
-61.02%
Net Margin
0.50%
102.73%
-93.70%
EPS
0.03
102.97%
-93.62%
No Data Available
DAVE Earnings Analysis
Dave Inc. Class A Common Stock Corporation (DAVE.O) Earnings Conference Call
Positive
Record Revenue Achievement: We achieved record revenue of nearly $93 million, up 41% from the year ago period.
Record Revenue Growth: This marks our fourth consecutive quarter of accelerating year-over-year revenue growth, supported by double-digit percentage increases to both ARPU and monthly transacting members, which are quarterly record highs for both metrics.
Record Variable Margin Expansion: We also delivered another record quarter on variable margin, which expanded nearly 1,300 basis points year-over-year, driven by stellar credit performance enabled by Cash AI and our latest underwriting model, which was fully rolled out heading into the third quarter.
EBITDA Increase Summary: All of this led to a 63% sequential increase in adjusted EBITDA to approximately $25 million for the quarter.
Revenue and EBITDA Guidance Update: We are raising fully year 2024 revenue and adjusted EBITDA guidance, which Kyle will discuss in a moment.
Negative
Net Loss Comparison: The company reported a net loss of $0.5 million for the third quarter, compared to a GAAP net loss of $12.1 million in the prior year period.
Operating Expenses Increase: Operating expenses increased by $8.1 million to $24.4 million in the third quarter from $16.3 million in the year ago period, largely due to an increase in stock-based compensation.
Customer Acquisition Efficiency Decline: Customer acquisition costs (CAC) decreased to $15, allowing the company to acquire 4% new members in the quarter for 10% less marketing spend, indicating a decline in marketing efficiency.
Credit Loss Provision Improvement: The provision for credit losses improved, decreasing 14% year-over-year to $13.7 million from $16 million in the prior year period, while Extra Cash originations grew by 46% over that time.
Cost Increase Analysis: Processing and servicing costs in Q3 increased 21% year-over-year to $8.6 million compared to $7.1 million in the year ago period.
DAVE FAQs
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DAVE Earning Call Sentiment
Dave Inc. (DAVE) Q3 2024 Earnings Call Transcript
1.0x
00:00
00:00
DAVE.O
0.17%Positive
The earnings call reflects strong financial performance with a 20% revenue increase and a shift from a net loss to a profit. The company is raising its full-year revenue and EBITDA guidance, indicating optimism. Despite risks, such as regulatory and market competition, the focus on cost optimization and new product launches suggests robust future growth. The lack of specific quarterly revenue targets is a minor concern, but the overall outlook remains positive, likely leading to a stock price increase of 2% to 8%.
