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02-23-2015, 05:06 PM #11
Reputation points: 3174
- Join Date
- Dec 2012
- Posts
- 116
Anytime you see "adjusted" in front of an earnings number, that means the "real" number is far worse. To me this 2015 earnings guidance is the most troubling.
OnDeck provided the following guidance for the three months ending March 31, 2015 and year ending December 31, 2015.
First Quarter 2015
Gross revenue between $52 million and $54 million
Adjusted EBITDA between a loss of $2 million and a loss of $3 million
Full Year 2015
Gross revenue between $254 million and $258 million
Adjusted EBITDA between a loss of $2 million and a loss of $4 million
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