secwatch.observer — SEC 8-K summary
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Issuer:     OneSpan Inc. (OSPN)
CIK:        0001044777
Form:       8-K
Filed at:   2022-08-02T23:59:59+00:00
Accession:  0001558370-22-011632
Event type: earnings
Sentiment:  neutral
Materiality: 0.75
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

OneSpan Q2 revenue $52.8M (+1% YoY); ARR grows 21% to $134.3M
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- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1044777/000155837022011632/0001558370-22-011632-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1044777/000155837022011632/ospn-20220802x8k.htm
  HTML page:      https://secwatch.observer/filing/0001558370-22-011632

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