[Sean Cash]

it's back up over 19....

They published this after the close.

[J.Celifarco]

hit $20 now in after hours trading

[jbrown]

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

[Lenders.Marketing]

I love question and answer time. It just started:

http://event.on24.com/r.htm?e=929476...EB1691E0CF8AE8

[Sean Cash]

bank of america asking good questions

[Lenders.Marketing]

For any of you wondering where the MCA Big Boys are spending their Marketing dollars.

OnDeck just said they significantly increased their spend this quarter on Direct Marketing and their conversion rate has doubled.

[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 $.

[bizloanbroker]

they keep losing money and stock goes up...makes no sense to me

[isaacdstern]

More Red for Ondeck

http://debanked.com/2015/02/more-red-for-ondeck-ondk/

[isaacdstern]

http://finance.yahoo.com/q?s=ondk

down 6.5% today

[bizloanbroker]

stock is going to tank today

[Guy In The Know]

Finished in the green; may want to save your updates until the close chief

[Sachip24]

they are definitely spending on marketing I saw last night they sponsor the show Shark Tank now OnDeck commercials every commercial break

[anonymous]

they are definitely spending on marketing I saw last night they sponsor the show Shark Tank now OnDeck commercials every commercial break

I wonder how O'Leary feels about that lol

[bizloanbroker]

I guess I can understand how Lending Club is going for the Twitter model of not making money now while building the technology of tomorrow but Ondeck is going for the same play and it simply does not work for them. They are not Fintech, they are just tech. A fintech losing money and growing is extremely exciting but a just Fin firm losing money hand over fist is DOA.

[isaacdstern]

well said sir

[isaacdstern]

On Deck Capital, Inc. Short Interest Grows by 15%

http://candlestrips.com/update-on-deck-capital-inc-short-interest-grows-by-15/340016/

[bizloanbroker]

Anyone else notice that the Ondeck stock is down 13% in the last 2 days???

[fundgorilla]

I used to work on a lot of IPO's, and from day one ONDK looked like a bit of a stinker. I was always told that unless you are in at the private placement level, the only way to play an IPO is by buying it AFTER it has broken down through the offering price twice - historically that works out too. The problem is, people see instruments like GOOG and say: "Wow! OnDeck is going to 600!" I remember once QCOM had a 1000$ price target...and every idiot out there piled in. Same thing here: the only people getting cashed out on ONDK are the insiders and the selling syndicate. Everything else is hot air.

[Guy In The Know]

Anyone else notice that the Ondeck stock is down 13% in the last 2 days???

its been beat up for sure. i think the fact that they still work with loan brokers negatively impacts the perception of the company and the stock price.

[Jared_Weitz]

its been beat up for sure. i think the fact that they still work with loan brokers negatively impacts the perception of the company and the stock price.

That isn't the case for those who actually know the space. There are brokers who have a lower bad debt than their own in house sales teams........

[CreditGuy]

That isn't the case for those who actually know the space. There are brokers who have a lower bad debt than their own in house sales teams........

It has nothing to do with loan performance and everything to do with reputational risk. A broker shop that funds $5M in volume with a 3% bad rate is still someone a public company shouldn't be associated with when the principals have been sanctioned by the SEC, had their NASD certs revoked, been convicted of securities fraud, etc..

[jotucker1983]

I disagree with the notion that just because they are a public company, that they shouldn't employ Independent Contractors to resell their services. On Deck just released a new agreement as everyone knows that includes an extensive background check on their brokers in question, which is what I think every single company (public or not) in this space ought to be doing. Everybody that's out reselling these loans/advances ought to go through a background check and be subject to penalties for breaking the law/committing fraud just as a W2 employee would be.

Investors are investing in On Deck Capital's platform, portfolio, and philosophy, not the shop of the broker, which usually isn't exclusive to On Deck in the first place.

[Guy In The Know]

It has nothing to do with loan performance and everything to do with reputational risk. A broker shop that funds $5M in volume with a 3% bad rate is still someone a public company shouldn't be associated with when the principals have been sanctioned by the SEC, had their NASD certs revoked, been convicted of securities fraud, etc..

Correct, it has to do with the pricing the brokers charge (not the loss rates) and the general sketchball factor.

[MCAVeteran]

On deck stated they are making a robust push to market through television and radio and utilizing direct sales. If direct sales doesn't have to sell with buy rates like brokers, they are simply competing with channels for business. But they aren't the only company doing direct sales. If you have indirect and direct the same pricing to sell deals, than it's a fair game. Otherwise, the resellers are at a disadvantage selling to the same business.