OnDeck Reports Fourth Quarter and Full Year 2019 Financial Results
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On Deck Capital (ONDK) Misses Q4 EPS by 4c, Revenues Miss; Provides Q1 & FY20 Revenue Outlook
February 11, 2020 7:09 AM ESTOn Deck Capital (NYSE: ONDK) reported Q4 EPS of $0.05, $0.04 worse than the analyst estimate of $0.09. Revenue for the quarter came in at $111.7 million versus the consensus estimate of $112.06 million.
"Our fourth quarter closed out a year of significant progress at OnDeck, highlighted by solid growth in US lending, advancement of our strategic initiatives and improved capital efficiency," said Noah Breslow, chief executive officer. "In 2019, we grew average loans and finance receivables 15%, expanded ODX, our platform-as-a-service business, combined... More
