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On Deck Capital Inc (ONDK.N)

ONDK.N on New York Stock Exchange

8.81USD
13 Aug 2018
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Latest Key Developments (Source: Significant Developments)

On Deck Announces Pricing Of $225 Million Securitization
Tuesday, 10 Apr 2018 05:35pm EDT 

April 10 (Reuters) - On Deck Capital Inc ::ONDECK ANNOUNCES PRICING OF $225 MILLION SECURITIZATION.ON DECK CAPITAL - PRICED $225 MLN INITIAL PRINCIPAL AMOUNT OF SERIES 2018-1 FIXED RATE ASSET-BACKED NOTES IN A PRIVATE SECURITIZATION TRANSACTION.NOTES, WHICH WILL BE ISSUED IN FOUR CLASSES, WERE PRICED WITH A WEIGHTED AVERAGE FIXED INTEREST RATE OF 3.75% PER ANNUM.  Full Article

Ondeck Announces Chief Financial Officer Transition
Monday, 12 Mar 2018 06:00pm EDT 

March 12 (Reuters) - On Deck Capital Inc ::ONDECK ANNOUNCES CHIEF FINANCIAL OFFICER TRANSITION.ON DECK CAPITAL INC - KEN BRAUSE TO BE APPOINTED CHIEF FINANCIAL OFFICER.ON DECK CAPITAL - MOST RECENTLY, BRAUSE SERVED AS EVP AND TREASURER OF CIT GROUP AND CIT BANK.  Full Article

OnDeck Q4 Earnings Per Share $0.07
Tuesday, 13 Feb 2018 07:00am EST 

Feb 13 (Reuters) - On Deck Capital Inc ::ONDECK REPORTS FOURTH QUARTER AND FULL YEAR 2017 FINANCIAL RESULTS.Q4 ADJUSTED EARNINGS PER SHARE $0.10.Q4 GAAP EARNINGS PER SHARE $0.07.SEES ‍FULL YEAR 2018 GROSS REVENUE BETWEEN $370 MILLION AND $382 MILLION​.SEES ‍ FULL YEAR 2018 ADJUSTED NET INCOME BETWEEN $16 MILLION AND $28 MILLION​.SEES ‍ Q1 2018 GROSS REVENUE BETWEEN $86 MILLION AND $90 MILLION​.SEES ‍ Q1 2018 ADJUSTED NET INCOME BETWEEN $1 MILLION AND $5 MILLION​."‍LOOKING AHEAD TO 2018, WE EXPECT TO DRIVE DOUBLE DIGIT LOAN GROWTH"​.QTRLY ‍NET REVENUE WAS $42.1 MILLION, UP 159% VERSUS PRIOR YEAR PERIOD​.QTRLY ‍GROSS REVENUE INCREASED TO $87.7 MILLION, UP 7% YEAR-OVER-YEAR DRIVEN PRIMARILY BY HIGHER INTEREST INCOME​.  Full Article

Ondeck reports Q3 gaap loss per share $0.06
Monday, 6 Nov 2017 07:00am EST 

Nov 6 (Reuters) - On Deck Capital Inc :Ondeck reports third quarter 2017 financial results.Q3 revenue rose 1 percent to $32.8 million.Q3 revenue view $84.5 million -- Thomson Reuters I/B/E/S.Q3 GAAP loss per share $0.06.Q3 earnings per share view $0.02 -- Thomson Reuters I/B/E/S.On Deck Capital Inc - ‍remain on track to achieve GAAP profitability in Q4 and look forward to profitable growth in 2018​.On Deck Capital Inc sees ‍ full year 2017 gross revenue between $342 million and $352 million​.On Deck Capital Inc sees ‍full year adjusted EBITDA between $5 million and $15 million​.FY2017 revenue view $348.7 million -- Thomson Reuters I/B/E/S.  Full Article

OnDeck collaborates with Ingo Money and Visa to enable real-time loan funding to small businesses
Monday, 23 Oct 2017 07:00am EDT 

Oct 23 (Reuters) - On Deck Capital Inc :OnDeck collaborates with Ingo Money and Visa to enable real-time loan funding to small businesses.On Deck Capital Inc - plans to offer instant funding service to its line of credit customers beginning in early 2018​.  Full Article

Ondeck reports second quarter 2017 financial results
Monday, 7 Aug 2017 07:00am EDT 

Aug 7 (Reuters) - On Deck Capital Inc :Ondeck reports second quarter 2017 financial results.Q2 gaap loss per share $0.02.Q2 earnings per share view $-0.01 -- Thomson Reuters I/B/E/S.Is on track to achieve gaap profitability by end of 2017.Reiterated its guidance for full year ending December 31, 2017.Sees Q3 gross revenue between $82 million and $86 million; sees Q3 adjusted EBITDA between $1 million and $5 million.Q2 revenue rose 25 percent to $86.7 million.Also announced that it has expanded its collaboration with JPMorgan Chase for up to four years.On deck capital-collaboration is for co to provide underlying technology supporting JPMorgan Chase's online lending solution to its small business customers.  Full Article

On Deck Capital partners with Payment Source
Wednesday, 2 Aug 2017 07:00am EDT 

Aug 2 (Reuters) - On Deck Capital Inc ::On deck capital-partnership with Payment Source to offer payment source's now prepay customers access to Ondeck Online small business lending platform​.  Full Article

On Deck Capital partners with Payment Source
Wednesday, 2 Aug 2017 07:00am EDT 

Aug 2 (Reuters) - On Deck Capital Inc :On Deck Capital - partnership with Payment Source, to offer Payment Source's now prepay customers access to OnDeck online small business lending platform.  Full Article

OnDeck reports Q1 loss per share of $0.15
Monday, 8 May 2017 07:00am EDT 

May 8 (Reuters) - On Deck Capital Inc :Sees Q2 2017 gross revenue between $85 million and $89 million.OnDeck reports first quarter 2017 financial results.Q1 revenue $92.9 million versus I/B/E/S view $90.4 million.Q1 adjusted loss per share $0.11.Q1 GAAP loss per share $0.15.Q1 earnings per share view $-0.10 -- Thomson Reuters I/B/E/S.Sees Q2 2017 adjusted EBITDA between negative $3 million and positive $1 million.Sees full year 2017 gross revenue between $342 million and $352 million.Sees full year 2017 adjusted EBITDA between positive $5 million and $15 million.Sees GAAP profitability to be achieved in second half of 2017.Provision for loan losses during Q1 of 2017 increased to $46.2 million, up from $25.4 million in comparable prior year period.FY2017 revenue view $382.4 million -- Thomson Reuters I/B/E/S.Q2 revenue view $92.6 million -- Thomson Reuters I/B/E/S.  Full Article

On Deck Capital subsidiary amended and restated its existing asset-backed revolving debt facility
Friday, 5 May 2017 07:24am EDT 

May 5 (Reuters) - On Deck Capital Inc :On May 4, 2017 subsidiary amended and restated its existing asset-backed revolving debt facility - SEC filing.Fourth A&R credit agreement provides for increase in lender's revolving commitments from an aggregate amount of $75 million to $100 million.Fourth A&R credit agreement provides for an approximately two year extension of revolving commitment period to May 3, 2019.  Full Article

BRIEF-Ondeck Announces Chief Financial Officer Transition

* ON DECK CAPITAL INC - KEN BRAUSE TO BE APPOINTED CHIEF FINANCIAL OFFICER