On Deck Capital (ONDK) Tops Q3 EPS by 2c

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Go back to On Deck Capital (ONDK) Tops Q3 EPS by 2c

OnDeck Reports Third Quarter 2015 Financial Results

November 2, 2015 4:15 PM EST

NEW YORK, Nov. 2, 2015 /PRNewswire/ -- OnDeck® (NYSE: ONDK), the leader in online lending for small business, today announced financial results for its third quarter ended September 30, 2015.

Financial Highlights

Gross revenue was a record $67.4 million for the quarter, up 55% from the prior year period. Net revenue was $46.0 million for the quarter, up 109% from the prior year period. Adjusted EBITDA* was $9.0 million for the quarter, up from $2.6 million in the prior year period.... More