---
schema_version: "secwatch.filing_event.v1"
accession: "0001558370-22-006800"
form_type: "8-K"
ticker: "OSPN"
cik: "0001044777"
company_name: "OneSpan Inc."
filed_at: "2022-05-03T23:59:59+00:00"
generated_at: "2026-06-26T01:12:11.879926+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.6
calibrated_materiality_score: 0.6
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- accession: 0001558370-22-006800
- form_type: 8-K
- ticker: OSPN
- cik: 0001044777
- company_name: OneSpan Inc.
- filed_at: 2022-05-03T23:59:59+00:00
- event_type: earnings
- sentiment: positive
- materiality_score: 0.6
- calibrated_materiality_score: 0.6
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1044777/000155837022006800/0001558370-22-006800-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1044777/000155837022006800/ospn-20220503x8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001558370-22-006800
- JSON: https://secwatch.observer/filing/0001558370-22-006800.json
- Plain text: https://secwatch.observer/filing/0001558370-22-006800.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.