secwatch.observer — SEC 8-K summary
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Issuer:     OneSpan Inc. (OSPN)
CIK:        0001044777
Form:       8-K
Filed at:   2021-08-04T23:59:59+00:00
Accession:  0001558370-21-010196
Event type: earnings
Sentiment:  negative
Materiality: 0.90
Item codes: 2.02, 5.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

OneSpan Q2 revenue down 5%; CEO departs; full-year guidance slashed
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- Q2 revenue $52.3M (-5% YoY); GAAP net loss $6.7M vs loss $2.0M a year ago.
- Recurring revenue grew 24% to $28.8M; ARR up 24% to $111.7M.
- Full-year 2021 guidance lowered: revenue $205-215M (from $215-225M); Adj. EBITDA loss $12-15M (from breakeven).
- CEO Scott Clements left Aug 2; Steven Worth named interim CEO (formerly GC/Interim CFO).
- John Bosshart appointed interim CFO; Chair Al Nietzel replaces John Fox Jr., who retired from board.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1044777/000155837021010196/0001558370-21-010196-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1044777/000155837021010196/ospn-20210729x8k.htm
  HTML page:      https://secwatch.observer/filing/0001558370-21-010196

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer