On Deck Capital, Inc. Reports Unaudited Consolidated Earnings Results for the First Quarter Ended March 31, 2018; Reports Net Charge Offs for the First Quarter Ended March 31, 2018; Provides Earnings Guidance for the Second Quarter Ending June 30, 2018 and Year Ending December 31, 2018
For the second quarter ending June 30, 2018, the company expects net loss attributable to company common stockholders to be $3 million to net income attributable to company common stockholders to be $1 million, adjusted net income to be $1 million to be $5 million and gross revenue to be between $91 million and $95 million.
For the year ending December 31, 2018, the company expects net income attributable to company common stockholders to be $0 million to $10 million, adjusted net income to be $18 million to $28 million and gross revenue to be $372 million to $382 million.
For the quarter, the company reported net charge-offs of $26,387,000.