---
schema_version: "secwatch.filing_event.v1"
accession: "0001628280-23-015696"
form_type: "8-K"
ticker: "OSPN"
cik: "0001044777"
company_name: "OneSpan Inc."
filed_at: "2023-05-04T23:59:59+00:00"
generated_at: "2026-06-15T19:31:53.495666+00:00"
event_type: "earnings"
sentiment: "neutral"
materiality_score: 0.7
calibrated_materiality_score: 0.7
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- accession: 0001628280-23-015696
- form_type: 8-K
- ticker: OSPN
- cik: 0001044777
- company_name: OneSpan Inc.
- filed_at: 2023-05-04T23:59:59+00:00
- event_type: earnings
- sentiment: neutral
- materiality_score: 0.7
- calibrated_materiality_score: 0.7
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1044777/000162828023015696/0001628280-23-015696-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1044777/000162828023015696/ospn-20230504.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001628280-23-015696
- JSON: https://secwatch.observer/filing/0001628280-23-015696.json
- Plain text: https://secwatch.observer/filing/0001628280-23-015696.txt

## Key facts
- Earnings Releases
  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
  source text: 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.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1044777/000162828023015696/0001628280-23-015696-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.