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      "text": "Adjusted EBITDA (Non-GAAP) ($MM)\n3Q22 ($27.5)\n4Q22 ($12.8)\n1Q23 ($4.5)\n2Q23 ($13.1)\n3Q23 ($2.5)\n(91%) YoY reduction in EBITDA loss",
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      "text": "$171mm of cash and equivalents as of 9/30/23 vs. $178mm as of 6/30/23; reduction due largely to growth in receivables funded with existing balance sheet cash. Dave had $10 million of undrawn capacity on its recently amended credit facility, bringing Dave's total liquidity to $181mm at 9/30/23.",
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      "text": "Adj. EBITDA loss improved 91% Y-o-Y and 81% Q-o-Q driven by respective impacts from the following:\n• Revenue growth\n• Variable margin expansion\n• Marketing efficiencies\n• Ongoing rationalization of our fixed cost base; we believe our existing team is sufficient to execute our growth plan, delivering continued operating leverage as we scale",
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