OnDeck Reports First Quarter 2020 Financial Results

Go back to OnDeck Reports First Quarter 2020 Financial Results

On Deck Capital (ONDK) Misses Q1 EPS by 92c, Revenues Miss

April 30, 2020 7:02 AM EDT

On Deck Capital (NYSE: ONDK) reported Q1 EPS of ($0.92), $0.92 worse than the analyst estimate of $0.00. Revenue for the quarter came in at $110.6 million versus the consensus estimate of $112.47 million.

"In the span of several weeks, the spread of COVID-19 led to government-mandated lockdowns for small businesses both in the US and globally, placing our customers under unprecedented economic stress," said Noah Breslow, chief executive officer. "After a successful and rapid... More