earnings
confidence high
sentiment neutral
materiality 0.75
OneSpan Q2 revenue $52.8M (+1% YoY); ARR grows 21% to $134.3M
OneSpan Inc.
2022-Q1 EPS reported
-$0.10
revenue$105,237,000
- GAAP net loss $9.4M ($0.23/sh) vs $6.7M loss a year ago; Non-GAAP net loss $4.0M ($0.10/sh).
- Subscription revenue $19.8M (+26% YoY); ARR $134.3M (+21%); DBNE 116%.
- Digital Agreements segment revenue $10.5M (+10%), Security Solutions $42.3M (-1%).
- Adjusted EBITDA -$1.5M vs -$1.0M year ago; FY22 guidance: ARR growth 16-18%, adj. EBITDA -$5M to -$7M.
- Cash $97.8M; repurchased $5.7M in H1 2022 vs $2.9M in H1 2021.