Inactive Instrument

On Deck Capital, Inc.

ONDK

US6821631008

On Deck Capital: 2Q Earnings Snapshot

July 29, 2020 at 04:53 am

NEW YORK (AP) _ On Deck Capital Inc. (ONDK) on Tuesday reported second-quarter earnings of $2.2 million.

The New York-based company said it had profit of 4 cents per share. Earnings, adjusted for asset impairment costs and restructuring costs, came to 23 cents per share.

The results exceeded Wall Street expectations. The average estimate of three analysts surveyed by Zacks Investment Research was for a loss of 45 cents per share.

The small business lender posted revenue of $80.5 million in the period.

In the final minutes of trading on Tuesday, the company's shares hit 85 cents. A year ago, they were trading at $3.04.

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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on ONDK at https://www.zacks.com/ap/ONDK

Latest news about On Deck Capital, Inc.

V2F Technology Private Limited announced that it has received $0.414 million in funding from On Deck Capital, Inc., Mars Shot Ventures, Kepler Operator Fund, LP	07/07/22	CI
1v1Me, Inc. announced that it has received $2 million in funding from a group of investors	14/03/21	CI
Fundation Group LLC completed the acquisition of ODX, LLC from On Deck Capital, Inc.	24/02/21	CI
On Deck Capital, Inc. Announces Board Changes	13/10/20	CI
On Deck Capital, Inc.(NYSE:ONDK) dropped from S&P TMI Index	13/10/20	CI
On Deck Capital, Inc.(NYSE:ONDK) dropped from S&P Global BMI Index	13/10/20	CI
Enova International, Inc. completed the acquisition of On Deck Capital, Inc..	12/10/20	CI
On Deck Capital, Inc.(NYSE:ONDK) dropped from Russell Microcap Value Index	12/10/20	CI
On Deck Capital, Inc.(NYSE:ONDK) dropped from Russell Microcap Index	12/10/20	CI
On Deck Capital, Inc. Joins Visa's Small Business Hub	09/09/20	CI
On Deck Capital, Inc's Equity Buyback announced on July 29, 2019, has expired.	30/08/20	CI
On Deck Capital, Inc. Enters into an Amendment to Further Modify the Credit Agreement, Dated as of January 28, 2019	24/08/20	CI
Tranche Update on On Deck Capital, Inc.'s Equity Buyback Plan announced on July 29, 2019.	07/08/20	CI
Transcript : On Deck Capital, Inc., Q2 2020 Earnings Call, Jul 29, 2020	29/07/20
Enova International and OnDeck Capital, Inc. Announce Executive Changes for Combined Company	28/07/20	CI
On Deck Capital, Inc. Reports Goodwill Impairment and Net Charge-Offs for the Second Quarter Ended June 30, 2020	28/07/20	CI
On Deck Capital, Inc. Not to Provide Updated Guidance for 2020	28/07/20	CI
On Deck Capital, Inc. Provides Earnings Guidance for the Third Quarter of 2020	28/07/20	CI
On Deck Capital, Inc. Reports Earnings Results for the Second Quarter Ended June 30, 2020	28/07/20	CI
Enova International, Inc. signed a definitive agreement to acquire On Deck Capital, Inc. for $89.6 million.	27/07/20	CI
On Deck Capital, Inc.(NYSE:ONDK) dropped from Russell 2000 Dynamic Index	29/06/20	CI
On Deck Capital, Inc.(NYSE:ONDK) dropped from Russell 2000 Index	26/06/20	CI
On Deck Capital, Inc.(NYSE:ONDK) dropped from Russell Small Cap Completeness Index	26/06/20	CI
On Deck Capital, Inc.(NYSE:ONDK) dropped from Russell 2500 Index	26/06/20	CI
On Deck Capital, Inc.(NYSE:ONDK) dropped from Russell Small Cap Comp Value Index	26/06/20	CI

On Deck Capital, Inc. offers an online platform for small business lending. The Company's platform aggregates and analyzes data points from disparate data sources to assess the creditworthiness of small businesses. Small businesses apply for a term loan or line of credit on the Company's Website, and using its OnDeck Score, the Company makes a funding decision and transfers the funds. The Company offers small businesses a suite of financing options with its term loans and lines of credit that can meet the needs of small businesses throughout their life cycle. Its internal sales force and customer service representatives provide assistance throughout the application process and the life of the loan. Its loans are priced based on a risk assessment generated by its data and analytics engine, which includes the OnDeck Score. Its platform touches every aspect of the customer life cycle, including customer acquisition, sales, scoring and underwriting, funding, and servicing and collections.

Sector

Corporate Financial Services

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