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

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

OnDeck Reports First Quarter 2020 Financial Results

April 30, 2020 7:00 AM EDT

NEW YORK, April 30, 2020 /PRNewswire/ -- OnDeck® (NYSE: ONDK), the leader in online lending for small business, today announced first quarter 2020 Gross Revenue of $110.6 million, Net loss of $59.0 million, and Adjusted Net loss of $57.6 million.  The first quarter loss was driven by an increase in the Allowance for credit losses to reflect the increase in expected credit losses related to the COVID-19 pandemic.

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