2024 Financial Guidance ($ in millions)
FY 2024 | |
GAAP Operating Revenues, Net | $310 - $325(previously $305 - $325) |
Year-Over-Year Growth | 20% - 25% |
Adjusted EBITDA* | $40 - $50(previously $30 - $40) |
Year-Over-Year Improvement | $50 - $60 |
*Non-GAAP measure. The Company does not provide a quantitative reconciliation of forward-looking non-GAAP financial measures because it is unable to predict without unreasonable effort the exact amount or timing of the reconciling items, including interest expense, investment income, and loss provision, among others. The variability of these items could have a significant impact on our future GAAP financial results.
Dave's CFO Kyle Beilman, commented: "We believe this quarter's performance is further validation of our strong and scalable business model. We are once again raising our Adjusted EBITDA guidance for the year to $40 - $50 million, reflecting our solid year-to-date results and positive outlook for the remainder of the year, and our expectation around loss provision in the back half of the year given quarter-end calendar dynamics in September and December. Credit performance remains strong thus far in the third quarter which we expect to continue for the balance of the year. Overall, with a solid balance sheet and continued focus on efficient growth, we are well-positioned to achieve our growth and profitability objectives."