Dave Sees FY23 Operating Revenue $235M-$260M
Portfolio Pulse from Benzinga Newsdesk
Dave Inc. has updated its FY23 financial outlook, expecting Non-GAAP operating revenue between $235M-$260M, an annual growth of 11%-23%. The company is also raising its Non-GAAP variable profit margin outlook to 47%-51%, a 400 basis point increase from previous guidance. Adjusted EBITDA is expected to improve by 43%-60% from 2022, despite a $4M legal settlement related to a 2020 data breach.
August 08, 2023 | 9:39 pm
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POSITIVE IMPACT
Dave Inc.'s updated FY23 financial outlook shows positive growth in operating revenue and profit margin, despite a legal settlement. This could potentially boost investor confidence and positively impact the stock price in the short term.
The company's raised profit margin outlook and expected revenue growth indicate a strong financial performance, which is likely to attract investors and drive up the stock price. The legal settlement is a negative factor, but the overall positive outlook may outweigh this.
CONFIDENCE 85
IMPORTANCE 80
RELEVANCE 100