Extracted from this filing and checked against the source text.
Earnings Releases
SEC 8-K Item 2.02
confidence 0.9
OneSpan Inc. reported the full year ending December 31, 2023 results: revenue $232 million to $242 million. Guidance initiated.
- Period
- the full year ending December 31, 2023
- Revenue
- $232 million to $242 million
- Guidance
- initiated
- Result
- guidance update
Exact text from the filing
For the Full Year 2023, OneSpan expects: • Revenue to be in the range of $232 million to $242 million, representing a growth rate of 6% - 11% • ARR to be in the range of $157 million to $164 million, representing a growth rate of 13% - 18% • Adjusted EBITDA to be in the range of $3 million to $6 million
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Earnings Releases
SEC 8-K Item 2.02
confidence 0.9
OneSpan Inc. reported the full year ended December 31, 2022 results: revenue $219.0 million, net income $14.4 million, EPS $0.36 per diluted share.
- Period
- the full year ended December 31, 2022
- Revenue
- $219.0 million
- Net income
- $14.4 million
- EPS
- $0.36 per diluted share
- Result
- reported results
Exact text from the filing
Total revenue was $219.0 million, an increase of 2% compared to $214.5 million for the same period of 2021. Changes in foreign exchange rates as compared to the prior year period negatively impacted 2022 revenue by approximately $12.2 million. 3 Digital Agreements revenue was $48.4 million, an increase of 19% year-over-year. Security Solutions revenue was $170.6 million, a decrease of 2% year-over-year. • Gross profit was $148.6 million, or 68% gross margin, compared to $142.9 million, or 67% in the same period last year. • Operating loss was $27.1 million, compared to $26.1 million in the same period last year. • Net loss was $14.4 million, or $0.36 per diluted share compared to $30.6 million, or $0.77 per diluted share in the same period last year. Non-GAAP net loss was $1.8 million, or $0.05 per diluted share, compared to $16.2 million, or $0.41 per diluted share in the same period last year. • Adjusted EBITDA was $6.4 million compared to $(5.1) million in the same period last year.
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Earnings Releases
SEC 8-K Item 2.02
confidence 0.9
OneSpan Inc. reported the fourth quarter ended December 31, 2022 results: revenue $56.6 million, net income $3.1 million, EPS $0.08 per diluted share.
- Period
- the fourth quarter ended December 31, 2022
- Revenue
- $56.6 million
- Net income
- $3.1 million
- EPS
- $0.08 per diluted share
- Result
- reported results
Exact text from the filing
Total revenue was $56.6 million, a decrease of 4% compared to $59.2 million for the same quarter of 2021. Changes in foreign exchange rates as compared to the prior year period negatively impacted fourth quarter 2022 revenue by approximately $2.9 million. 3 Digital Agreements revenue was $12.4 million, an increase of 15% year-over-year. Security Solutions revenue was $44.2 million, a decrease of 9% year-over-year. • ARR increased 12% year-over-year to $138.7 million. Changes in foreign exchange rates as compared to the prior year period negatively impacted ARR by approximately $3.9 million. 3 • Gross profit was $38.0 million, or 67% gross margin, compared to $37.5 million, or 63% in the same period last year. • Operating loss was $4.0 million, compared to operating loss of $6.0 million in the same period last year. • Net loss was $3.1 million, or $0.08 per diluted share compared to $13.8 million, or $0.35 per diluted share in the same period last year. Non-GAAP net income was $1.2 mill
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