[Funder Mark]

http://www.prnewswire.com/news-relea...300170449.html

So On Deck seems to be happy, more origination's, lower losses, higher profits, is this really a sustainable model for the future?

[FUNd]

That's great news. I hope our industry continues to grow. On Deck's numbers, at least to me, indicate that as a whole we have to look forward to more growth, new financial products, and sustainability.

[mcaguru]

I wish Wall Street Felt the same!

[Chambo]

NEW YORK (AP) _ On Deck Capital Inc. (ONDK) on Monday reported third-quarter profit of $3.7 million.

On a per-share basis, the New York-based company said it had profit of 5 cents. Earnings, adjusted for stock option expense, were 10 cents per share.

The results topped Wall Street expectations. The average estimate of nine analysts surveyed by Zacks Investment Research was for a loss of 1 cent per share.

The small business lender posted revenue of $67.4 million in the period, also topping Street forecasts. Seven analysts surveyed by Zacks expected $61.9 million.

For the current quarter ending in December, On Deck Capital said it expects revenue in the range of $64 million to $66 million.

The company expects full-year revenue in the range of $251 million to $253 million.

On Deck Capital shares have dropped 58 percent since the beginning of the year.

This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on ONDK at http://www.zacks.com/ap/ONDK

Keywords: On Deck Capital, Earnings Report

[Guy In The Know]

impressive. you haters want to hate, but tough to find anything of substance to hate on here. They keep performing like this and the stock price will be rewarded, eventually.

[mcaguru]

I hope so

[FUNd]

impressive. you haters want to hate, but tough to find anything of substance to hate on here. They keep performing like this and the stock price will be rewarded, eventually.

Who's hating in this thread?

[Sean Cash]

I thought these results were pretty good. Obviously selling loans off through marketplace has allowed them to book income immediately and quiet those that said they can't make any money.

[KTK]

Nice little after hours jump in price. Well deserved for the Bulls. I'd love to see a squeeze. For fun I'm going to try and calculate the new squeeze trigger price.

[FUNd]

Anyone know how much of this revenue was direct and how much ISO driven? Would be interesting to know. Would also be nice to know how much all that marketing cost them. Maybe it's on the balance sheet.

[KTK]

Here is a quick glimpse

[KTK]

Cost of funding

[FUNd]

So looks like they are depending on ISO business more than ever if I'm reading this correctly.

[Sean Cash]

So looks like they are depending on ISO business more than ever if I'm reading this correctly.

It's actually lower than ever, though Noah Breslow hinted they had reached a floor and that the % of ISO biz will probably stabilize and could even increase.

[FUNd]

Direct and Strategic Partner - isn't that ISO business? Up 10.3% over the previous qtr in 2014? I can't read this.

[Sean Cash]

no, ISOs are "Funding Advisors"

[AndyYSCISOdept]

I thought these results were pretty good. Obviously selling loans off through marketplace has allowed them to book income immediately and quiet those that said they can't make any money.

Agreed, and ultimately I think a lot of us in the industry are watching OnDeck and their model very closely to see if it can be replicated and improved upon in the future.

In the words of Mark Cuban, "There are the Innovators, the Imitators, and the Idiots, don't wait around until you become the latter."

[KTK]

Interesting that the larger deals come in from ISO's given ONDK's marketing budget. 18% of the deals in turn make up 25% of the total dollar funded

[AndyYSCISOdept]

Interesting that the larger deals come in from ISO's given ONDK's marketing budget. 18% of the deals in turn make up 25% of the total dollar funded

That's an excellent point, I kind of missed that. What do you think the cause of that is?

[Funder Mark]

I would say the fact that outside people have a larger amount of connections.

[KTK]

Guerrilla Marketing efforts

[MCABroker]

I think ONDK is a intra-day scalp buy lol

[jotucker1983]

That's an excellent point, I kind of missed that. What do you think the cause of that is?

I believe it could be that a lot of lenders use online ads, PPC, etc., and from my experience you get a significantly large amount of leads that are start-ups or not that far off from being start-ups. So the leads in general are very small merchants.

Where as from brokers/consultants, they usually spend most of their marketing through direct telephone calls to specific niche markets, which bring in the higher revenue merchants.

[AndyYSCISOdept]

JoTucker- those are all excellent points, thanks for the insight.

[Funder Mark]

Just saw this, excellent interview with Noah Breslow, CEO from On Deck.

http://www.forbes.com/sites/forbestr...s-expensive/4/