OneSpan Q1 revenue $57.6M (+10% YoY); net loss $0.21 per share

OneSpan Inc.

2023-Q1 EPS reported -$0.21 revenue$57,607,000

Total revenue $57.6M, up 10% YoY; subscription revenue $30.0M, up 29% YoY.
ARR $141.3M, up 10% YoY; NRR 108%.
GAAP net loss $8.4M ($0.21 loss per diluted share) vs net income $5.2M ($0.13) last year.
Adjusted EBITDA -$1.6M vs $0.2M in Q1 2022.
FY 2023 guidance: revenue $232-$242M (6-11% growth); Adjusted EBITDA $3-$6M.

item 2.02 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.9

OneSpan Inc. reported Q1 2023 results: revenue $57.6 million, net income $8.4 million, EPS $(0.21). Guidance initiated.

Period: Q1 2023
Revenue: $57.6 million
Net income: $8.4 million
EPS: $(0.21)
Guidance: initiated
Result: reported results

Exact text from the filing

Key Financial Results First Quarter 2023 Financial Highlights • Total revenue was $57.6 million, an increase of 10% compared to $52.4 million for the same quarter of 2022. Digital Agreements revenue was $11.6 million, a decrease of 13% year-over-year. Security Solutions revenue was $46.1 million, an increase of 18% year-over-year. • ARR increased 10% year-over-year to $141.3 million. • Gross profit was $39.3 million, or 68% gross margin, compared to $36.7 million, or 70% in the same period last year. • Operating loss was $8.1 million, compared to operating loss of $9.2 million in the same period last year. • Net loss was $8.4 million, or $(0.21) per diluted share compared to net income of $5.2 million, or $0.13 per diluted share in the same period last year.

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Source: SEC EDGAR

accession 0001628280-23-015696

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