secwatch.observer — SEC 8-K summary
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Issuer:     OneSpan Inc. (OSPN)
CIK:        0001044777
Form:       8-K
Filed at:   2023-02-28T23:59:59+00:00
Accession:  0001628280-23-005529
Event type: earnings
Sentiment:  positive
Materiality: 0.80
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

OneSpan Q4 revenue down 4% to $56.6M; full year up 2% to $219M; guides FY2023 revenue $232-242M
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- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1044777/000162828023005529/0001628280-23-005529-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1044777/000162828023005529/ospn-20230228.htm
  HTML page:      https://secwatch.observer/filing/0001628280-23-005529

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