OneSpan Q1 revenue $52.4M (+3% YoY), GAAP net income $5.2M vs loss, recurring revenue +22%

OneSpan Inc.

2022-Q1 EPS reported $0.13 revenue$52,447,000

Total revenue $52.4M, up 3% YoY; recurring revenue $35.2M, up 22% YoY; ARR $130.7M, up 21% YoY.
GAAP net income $5.2M ($0.13 diluted EPS) vs net loss $9.2M ($0.23 loss) in Q1 2021.
Adjusted EBITDA $0.2M, up from negative $5.3M in Q1 2021; Non-GAAP net loss $0.3M ($0.01 loss per share).
Gain on sale of Promon AS investment of $14.8M contributed to other income; cash and short-term investments $119.9M.
Outlook: FY2022 revenue to meet or exceed FY2021; adjusted EBITDA guidance to be finalized at Investor Day on May 17.

This headline and bullets were generated automatically by deepseek-v4-flash:cloud@v2 from the public filing. Read the source on SEC.gov before relying on any specific claim. Not investment advice. See methodology for how this pipeline works.