[isaacdstern]

http://finance.yahoo.com/news/ondeck-reports-fourth-quarter-full-211100547.html?.tsrc=applewf

[Sean Cash]

OnDeck reported a GAAP net loss of $4.3 million, or $0.13 per share, for the quarter which included the adverse impact of a $2.1 million non-cash charge related to the increase in fair value of warrants outstanding prior to the IPO.

Provision for loan losses during the fourth quarter of 2014 increased to $20.4 million, up from $10.3 million during the year ago period, primarily as a result of the growth in originations.

[staten]

Love the analysts "fun" question about oil. Here's my fun question. Why on earth on you funding gas stations??? Ummm to increase sales? Also " clearly it's more profitable if we hold the loans on our balance sheet. Should have added----we only have a marketplace channel to make sure we get a tech company multiple and not a finance company valuation. We lose money but "marketplace"=dumb money valuation $.