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On Deck Capital Inc (ONDK.N)

ONDK.N on New York Stock Exchange

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Latest Key Developments (Source: Significant Developments)

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

EJF Capital LLC reports 8.2 pct stake in on Deck Capital Inc
Monday, 3 Apr 2017 05:34pm EDT 

On Deck Capital Inc : EJF Capital LLC reports 8.2 percent stake in on Deck Capital Inc as on March 31, 2017 . EJF Capital LLC - believe that shares of on Deck Capital's common stock are undervalued and are an "attractive investment" .EJF Capital LLC - have engaged in discussions with management and other shareholders of on Deck Capital Inc.  Full Article

Ondeck announces extension, upsize of revolving credit facility with Deutsche Bank
Wednesday, 22 Mar 2017 04:15pm EDT 

On Deck Capital Inc : OnDeck announces extension and upsize of revolving credit facility with Deutsche bank . On Deck Capital Inc - amended its asset-backed revolving credit facility with Deutsche bank to extend facility's maturity date to march 2019 . OnDeck announces extension and upsize of revolving credit facility with Deutsche bank .On Deck Capital Inc - amended credit facility to increase facility's borrowing capacity by about $52 million to a total of up to approximately $214 million.  Full Article

BRIEF-Ondeck reports Q3 gaap loss per share $0.06

* Q3 earnings per share view $0.02 -- Thomson Reuters I/B/E/S