Dave Inc. Raises FY23 Revenue From $235M-$260M To $257M-$261M Vs $246.16M Est.
Portfolio Pulse from Benzinga Newsdesk
Dave Inc. has raised its FY23 revenue guidance from $235M-$260M to $257M-$261M, against an estimate of $246.16M. The company's CFO, Kyle Beilman, stated that Q3 results show significant improvements in key financial and operational metrics, with origination volumes nearing $1 billion per quarter. The company also reported the lowest delinquency rates in its history and a 12% sequential increase in Dave Card engagement.
November 08, 2023 | 12:43 am
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Dave Inc. has raised its FY23 revenue guidance, showing strong Q3 results and improvements in key metrics. This could lead to increased investor confidence and a potential rise in stock price.
The raised revenue guidance and strong Q3 results indicate a positive financial performance by Dave Inc. This could lead to increased investor confidence, potentially driving the stock price up in the short term.
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