On Deck Capital (ONDK) Misses Q4 EPS by 4c, Revenues Miss; Provides Q1 & FY20 Revenue Outlook
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OnDeck Reports Fourth Quarter and Full Year 2019 Financial Results
February 11, 2020 7:00 AM ESTNEW YORK, Feb. 11, 2020 /PRNewswire/ -- OnDeck® (NYSE: ONDK), the leader in online lending for small business, today announced fourth quarter 2019 Net income of $9.3 million, Adjusted Net Income of $3.3 million and Gross revenue of $111.7 million. OnDeck also announced it had repurchased 7.5 million shares for $33.0 million during the fourth quarter of 2019, bringing full-year 2019 repurchases under its $50 million common stock repurchase program to 10.7 million shares for $44.0 million.
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