{"schema_version":"secwatch.filing_event.v1","accession":"0001628280-23-005529","form_type":"8-K","ticker":"OSPN","cik":"0001044777","company_name":"OneSpan Inc.","filed_at":"2023-02-28T23:59:59+00:00","discovered_at":"2026-05-14T18:03:43.645718+00:00","generated_at":"2026-06-18T20:00:53.851625+00:00","sec_items":["2.02","9.01"],"event_type":"earnings","sentiment":"positive","materiality_score":0.8,"calibrated_materiality_score":0.8,"confidence":"high","headline":"OneSpan Q4 revenue down 4% to $56.6M; full year up 2% to $219M; guides FY2023 revenue $232-242M","bullets":["Q4 revenue $56.6M (-4% YoY); subscription revenue $23.8M (+28% YoY); ARR $138.7M (+12% YoY).","Q4 GAAP net loss $3.1M ($0.08 loss per share); Non-GAAP net income $1.2M ($0.03 per share).","Full year 2022 revenue $219.0M (+2% YoY); subscription revenue $89.2M (+30% YoY); ARR $138.7M.","FY2023 guidance: revenue $232-242M (6-11% growth); ARR $157-164M (13-18% growth); Adj. EBITDA $3-6M.","Acquired ProvenDB (closed Feb 22, 2023) for blockchain solutions; long-term targets raised: revenue CAGR 12-14% through 2025."],"urls":{"canonical":"https://secwatch.observer/filing/0001628280-23-005529","json":"https://secwatch.observer/filing/0001628280-23-005529.json","markdown":"https://secwatch.observer/filing/0001628280-23-005529.md","text":"https://secwatch.observer/filing/0001628280-23-005529.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1044777/000162828023005529/0001628280-23-005529-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1044777/000162828023005529/ospn-20230228.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-18T20:00:53.851625+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[{"claim_id":"04cfd0583cd60467b110328e3a24cc59960408a3","claim":"OneSpan Inc. reported the full year ending December 31, 2023 results: revenue $232 million to $242 million. Guidance initiated.","evidence_excerpt":"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","evidence_source":"SEC 8-K Item 2.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1044777/000162828023005529/0001628280-23-005529-index.htm","confidence":0.9,"family_label":"Earnings Releases","details":[{"label":"Period","value":"the full year ending December 31, 2023"},{"label":"Revenue","value":"$232 million to $242 million"},{"label":"Guidance","value":"initiated"},{"label":"Result","value":"guidance update"}],"fact_type":"earnings_release"},{"claim_id":"56d063c09dff7d1aed5237a9d4dcdece9c0b14b4","claim":"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.","evidence_excerpt":"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.","evidence_source":"SEC 8-K Item 2.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1044777/000162828023005529/0001628280-23-005529-index.htm","confidence":0.9,"family_label":"Earnings Releases","details":[{"label":"Period","value":"the full year ended December 31, 2022"},{"label":"Revenue","value":"$219.0 million"},{"label":"Net income","value":"$14.4 million"},{"label":"EPS","value":"$0.36 per diluted share"},{"label":"Result","value":"reported results"}],"fact_type":"earnings_release"},{"claim_id":"f0fffc4f2648fc46abc89c244470ab3cca54c81b","claim":"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.","evidence_excerpt":"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","evidence_source":"SEC 8-K Item 2.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1044777/000162828023005529/0001628280-23-005529-index.htm","confidence":0.9,"family_label":"Earnings Releases","details":[{"label":"Period","value":"the fourth quarter ended December 31, 2022"},{"label":"Revenue","value":"$56.6 million"},{"label":"Net income","value":"$3.1 million"},{"label":"EPS","value":"$0.08 per diluted share"},{"label":"Result","value":"reported results"}],"fact_type":"earnings_release"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}