On Deck Capital (ONDK) Financial Report Summaries

Company Profile

Search within these filings

View filings

Exhibits within filings

Filing insights

Export filings list

Export a CSV file of filings or unique filing companies (up to first 5,000 results).

Download list of filings Download list of companies

External links

Content analysis

Positive
Negative
Uncertain
Constraining
Legalese
Litigous
Readability	H.S. sophomore Avg

New words: absence, accretion, accretive, accusing, addressing, adherence, administered, advantage, affirmative, Antitrust, APPE, attain, attention, attest, attestation, attrition, auditor, Automation, back, bait, BC, bookrunner, Branch, Brazil, brought, burden, challenging, click, compete, competing, confidence, consecutive, consummate, consummated, consummating, consummation, COVID, credential, customary, cyber, deepen, defending, delisted, delisting, depart, Department, depressing, Deutsche, difficulty, discourage, divert, dividend, downturn, driver, drove, earliest, easily, employ, employment, enact, enacted, Enova, EPS, extremely, facilitate, facilitating, facilitation, fact, fall, feel, filer, firm, forgive, guarantee, halted, hit, home, honor, imposed, inhibit, injunction, instant, internet, intervening, iv, job, labor, listed, listing, malware, manual, Mark, match, merger, merit, messaging, migrating, modern, morale, mortgage, muted, noncompliance, notification, notified, NYSE, ODART, ONDK, overlay, par, Payout, peak, pendency, pending, percent, phishing, plaintiff, powered, preclusive, predictor, President, pressure, printing, prioritizing, privacy, prohibiting, prolonged, proposal, proposed, proposing, proxy, pull, pullback, pulled, radio, recruit, recruiting, regain, regained, relationship, remediation, remedy, remote, remotely, resilient, restructuring, retention, satisfaction, satisfied, SBA, school, scrutiny, sector, segment, sharp, single, skilled, slower, solicit, spear, stemming, successor, suspension, sustainability, symbol, talent, technical, thereof, thereto, tight, timeframe, tolling, TorossianSenior, train, training, Truist, unanimously, unanticipated, unintended, user, valuable, verification, vi, Vice, violation, virtue, vote, voting, waiting, wholly, withdraw, workforce, York

Removed: attribution, behavior, benchmark, comparison, consolidate, correct, correction, discontinue, discretion, forecasting, fourth, KPI, largely, maximize, meaningful, optimized, passing, prevailing, recession, reflection, revision

From filing 10-Q 2020 Q2

Financial report summary

Competition

Meta Platforms • Twitter

Risks

After the Merger, our stockholders will have a significantly lower ownership and voting interest in Enova than they currently have and will exercise less influence over management.
We and Enova may be targets of legal proceedings that could result in substantial costs and may delay or prevent the Merger from being consummated.
We and Enova will incur substantial transaction fees and costs in connection with the Merger.
The market price of the Enova’s shares after the Merger may be affected by factors different from those currently affecting the market price of our common stock.
The Merger may not be accretive (and may be dilutive) to Enova’s earnings per share (“EPS”) which may impact the market value of Enova common stock.
Following the Merger, the extent of the COVID-19 pandemic’s impact on the combined company’s business and operations is uncertain.
Due to our fully remote workforce, we may face increased business continuity and cyber risks that could significantly harm our business and operations.

Management Discussion

For the three months ended June 30, 2020, net income decreased to a net loss of $4.1 million compared to net income of $2.2 million for the three months ended June 30, 2019 while adjusted net income (loss), a non-GAAP measure, increased to $13.6 million compared to income of $6.9 million in the same comparable period. These increases were primarily attributable a 25.9% decrease in interest and finance income, and a decrease of other revenue. This was offset by a decrease of provision for credit losses for the three months ended June 30, 2020 compared to the three months ended June 30, 2019, driven by the fact that we pulled back on our originations in the second quarter of 2020. We recorded an income tax expense in the three months ended June 30, 2019 but recorded no tax expense in the three months ended June 30, 2020 due to the uncertainty of the ability to utilize the deferred tax assets to accrue for the year 2020. Basic earnings per share decreased from $0.06 per share to $0.04 per share. See Item 2. Management’s Discussion and Analysis of Financial Condition and Results of Operations-Non-GAAP Financial Measures for a discussion and reconciliation of Non-GAAP measures.