OnDeck Reports First Quarter 2020 Financial Results

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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