Dave Stock Gains 37% Following Strong Revenue Growth In Q1

(RTTNews) - Stock of Dave Inc. (DAVE) is climbing around 37 percent during Thursday's trading following the announcement of its first-quarter financial results, revealing operating revenues of $108 million compared to $73.6 million last year.

Currently, the company's stock is trading at $147.95, up 37.21 percent or $40.12, over the previous close of 107.83. The stock has traded in the range of $28.31 to $153.31 in the past one year on the Nasdaq.

Despite strong revenue growth, Dave's quarterly net income declined to $28.8 million from $34.2 million in the previous year.