Dave Raises FY24 Revenue Guidance From $305M-$325M To $310M-$325M Vs $319.06M Est.
Portfolio Pulse from Benzinga Newsdesk
Dave has raised its FY24 revenue guidance from $305M-$325M to $310M-$325M, with an estimated $319.06M. The company also increased its Adjusted EBITDA guidance from $30M-$40M to $40M-$50M. CFO Kyle Beilman highlighted strong credit performance and a positive outlook for the remainder of the year.
August 05, 2024 | 8:43 pm
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Dave has raised its FY24 revenue guidance and Adjusted EBITDA, indicating strong financial performance and a positive outlook for the remainder of the year.
The increase in revenue and Adjusted EBITDA guidance suggests that Dave is performing well financially, which is likely to positively impact its stock price in the short term. The CFO's comments on strong credit performance and a positive outlook further support this positive sentiment.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100