Why Dave Stock Was Falling This Week

Week to date, shares of Dave (NASDAQ: DAVE) were trading down 17.9% at 10:50 a.m. ET on Friday, according to data provided by S&P Global Market Intelligence.

On Thursday, the company reported that non-GAAP (adjusted) revenue had grown 22% year over year in the second quarter.

Dave provides a banking app that helps the underbanked gain access to traditional financial services, such as bill management and credit. Dave added over half a million new members in the quarter, bringing its monthly transacting members to 1.54 million.

Source Fool.com