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The latest announcement is out from Dave ( (DAVE) ).
Dave Inc., a prominent neobank, has announced a robust financial performance for Q3 2024, reporting a 41% increase in revenue to $92.5 million and a notable rise in net income despite a $7 million legal settlement related to an FTC lawsuit. The company remains optimistic about future growth, emphasizing its commitment to transparency and customer trust, and plans to update its full-year revenue and EBITDA guidance. Dave disputes the FTC’s claims regarding consumer disclosures, asserting strong defenses and no impact on its ability to charge fees.
See more data about DAVE stock on TipRanks’ Stock Analysis page.
