On Deck Capital, Inc. reported unaudited consolidated earnings results for the first quarter ended March 31, 2018. For the quarter, the company reported net revenue of $42,166,000 against $35,435,000 a year ago. Loss from operations was $2,385,000 against $11,249,000 a year ago. Loss before provision for income taxes was $2,436,000 against $11,602,000 a year ago. Net loss was $2,436,000 against $11,602,000 a year ago. Net loss attributable to company common stockholders was $1,918,000 or $0.03 per share basic and diluted against $11,058,000 or $0.15 per share basic and diluted a year ago. Adjusted net income was $6,390,000 or $0.08 per share diluted against adjusted net loss of $7,567,000 or $0.11 per share diluted a year ago.

For the second quarter ending June 30, 2018, the company expects net loss attributable to company common stockholders to be $3 million to net income attributable to company common stockholders to be $1 million, adjusted net income to be $1 million to be $5 million and gross revenue to be between $91 million and $95 million.

For the year ending December 31, 2018, the company expects net income attributable to company common stockholders to be $0 million to $10 million, adjusted net income to be $18 million to $28 million and gross revenue to be $372 million to $382 million.

For the quarter, the company reported net charge-offs of $26,387,000.