Amid all the changes, OnDeck's originations of $2.4 billion in 2016 were up 26 percent from the prior year, less than half the pace of growth it posted in 2015. The company is taking several steps to slash costs by $20 million a year, including cutting 11 percent of its staff and reducing marketing and technology expenses, Breslow said. OnDeck expects to generate net revenue of $377 million to $387 million this year. The analysts' average forecast is within that range, according to Thomson Reuters I/B/E/S. In the fourth quarter, OnDeck's net loss attributable to shareholders widened to $35.9 million from $4.6 million a year earlier. Excluding special items, the loss was 44 cents per share, bigger than analysts' expectations of 17 cents, according to Thomson Reuters I/B/E/S. Net revenue fell 61.6 percent to $16.26 million.

http://www.reuters.com/article/us-on-deck-cap-results-idUSKBN15V1GR