--- 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" generated_at: "2026-06-18T20:00:53.851625+00:00" event_type: "earnings" sentiment: "positive" materiality_score: 0.8 calibrated_materiality_score: 0.8 confidence: "high" source: SEC EDGAR --- # OneSpan Q4 revenue down 4% to $56.6M; full year up 2% to $219M; guides FY2023 revenue $232-242M ## Summary - 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. ## SEC filing metadata - 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 - event_type: earnings - sentiment: positive - materiality_score: 0.8 - calibrated_materiality_score: 0.8 - confidence: high - sec_items: 2.02, 9.01 - 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 ## Machine-readable alternates - HTML: https://secwatch.observer/filing/0001628280-23-005529 - JSON: https://secwatch.observer/filing/0001628280-23-005529.json - Plain text: https://secwatch.observer/filing/0001628280-23-005529.txt ## Key facts - Earnings Releases 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 source text: 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_url: https://www.sec.gov/Archives/edgar/data/1044777/000162828023005529/0001628280-23-005529-index.htm - Earnings Releases 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 source text: 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_url: https://www.sec.gov/Archives/edgar/data/1044777/000162828023005529/0001628280-23-005529-index.htm - Earnings Releases 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 source text: 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_url: https://www.sec.gov/Archives/edgar/data/1044777/000162828023005529/0001628280-23-005529-index.htm This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.