On Deck Capital (ONDK) Misses Q1 EPS by 1c

Go back to On Deck Capital (ONDK) Misses Q1 EPS by 1c

OnDeck Reports First Quarter 2017 Financial Results

May 8, 2017 7:00 AM EDT

NEW YORK, May 8, 2017 /PRNewswire/ -- 

Executes Strategic Priorities to Improve Credit Performance and Reduce Cost Structure

Announces Additional $25 Million of Planned Operating Expense Run Rate Savings

Targets GAAP Profitability in the Second Half of 2017

OnDeck® (NYSE: ONDK), the leader in online lending for small business, today announced first quarter 2017 financial results, additional planned cost savings, and a target to achieve GAAP profitability in the second half of 2017.

"Our first quarter 2017 results and our... More