Seeking Alpha
2022-03-21 20:37:25

Dave stock jumps after 2022 revenue outlook get boosted; Q4 member count climbs to 6M

Banking app Dave (NASDAQ:DAVE) surged as much as 25% in afterhours trading Monday, as the startup's Q4 operating revenue and number of new members increased. Shares of DAVE have since given up a large chunk of those gains, though still elevated by 9.1%. For 2022, the company sees revenues of $200M-230M, and expects variable profit margin of 44% to 48%. That compares with 2021 revenue of $153.0M and variable profit margin of 53%. Meanwhile, it added 440K net new members in the fourth quarter, bringing the total to 6M. Q4 operating revenue of $41.2M jumped from $35.5M in Q4 2020. Q4 variable profit margin of 48% was unchanged from the same period a year ago. Q4 operating expenses were $55.8M compared with $45.6M in Q4 2020. Net loss of $15.2M in Q4 vs. $34.6M in Q4 2020. Adjusted EBITDA was -$12.6M in Q4, down from a loss of $9.1M in Q4 2020. Q4 working

获取加密通讯
阅读免责声明 : 此处提供的所有内容我们的网站,超链接网站,相关应用程序,论坛,博客,社交媒体帐户和其他平台(“网站”)仅供您提供一般信息,从第三方采购。 我们不对与我们的内容有任何形式的保证,包括但不限于准确性和更新性。 我们提供的内容中没有任何内容构成财务建议,法律建议或任何其他形式的建议,以满足您对任何目的的特定依赖。 任何使用或依赖我们的内容完全由您自行承担风险和自由裁量权。 在依赖它们之前,您应该进行自己的研究,审查,分析和验证我们的内容。 交易是一项高风险的活动,可能导致重大损失,因此请在做出任何决定之前咨询您的财务顾问。 我们网站上的任何内容均不构成招揽或要约