{"schema_version":"secwatch.filing_event.v1","accession":"0001628280-23-028554","form_type":"8-K","ticker":"OSPN","cik":"0001044777","company_name":"OneSpan Inc.","filed_at":"2023-08-09T23:59:59+00:00","discovered_at":"2026-05-14T18:03:33.001101+00:00","generated_at":"2026-06-11T21:11:36.183866+00:00","sec_items":["2.02","2.05","9.01"],"event_type":"earnings","sentiment":"negative","materiality_score":0.8,"calibrated_materiality_score":0.8,"confidence":"high","headline":"OneSpan Q2 2023 revenue $55.7M (+6%), net loss wider at $17.8M; cuts FY guidance, approves restructuring","bullets":["Q2 revenue $55.7M (+6% YoY); subscription rev $23.0M (+16%). Net loss $17.8M (-$0.44/diluted) vs $9.4M loss a year ago.","Adjusted EBITDA -$3.8M vs -$1.5M a year ago. Full-year 2023 revenue guidance cut to $226M-232M (prev $232M-242M).","Board approves $15M-20M restructuring charges for workforce reductions, targeting $30M annual savings by end 2025.","Combined with prior plan, savings expected $50M-55M; targeting FY2024 adjusted EBITDA margin of 20%-23%.","ARR grew 8% to $144.4M; Net Retention Rate 106%."],"urls":{"canonical":"https://secwatch.observer/filing/0001628280-23-028554","json":"https://secwatch.observer/filing/0001628280-23-028554.json","markdown":"https://secwatch.observer/filing/0001628280-23-028554.md","text":"https://secwatch.observer/filing/0001628280-23-028554.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1044777/000162828023028554/0001628280-23-028554-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1044777/000162828023028554/ospn-20230803.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-11T21:11:36.183866+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":"a483b860524223c51b357b958066d9382f184b22","claim":"OneSpan Inc. reported the second quarter ended June 30, 2023 results: revenue $55.7 million, net income $(0.44) per diluted share. Guidance reaffirmed.","evidence_excerpt":"Second Quarter 2023 Financial Results; Accelerates Plan to Drive Adjusted EBITDA Growth Second Quarter Financial Results • Second quarter revenue grew 6% year-over-year to $55.7 million • Second quarter subscription revenue grew 16% year-over-year to $23.0 million • Annual Recurring Revenue (ARR) grew 8% year-over-year to $144.4 million 1 • Net Retention Rate","evidence_source":"SEC 8-K Item 2.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1044777/000162828023028554/0001628280-23-028554-index.htm","confidence":0.95,"family_label":"Earnings Releases","details":[{"label":"Period","value":"the second quarter ended June 30, 2023"},{"label":"Revenue","value":"$55.7 million"},{"label":"Net income","value":"$(0.44) per diluted share"},{"label":"Guidance","value":"reaffirmed"},{"label":"Result","value":"reported results"}],"fact_type":"earnings_release"},{"claim_id":"6fb0ecd1c1d877cee66379f30e726f4accdb07c9","claim":"OneSpan Inc. announced a restructuring with charges of from $15 million to $20 million.","evidence_excerpt":"The Company preliminarily estimates that it will incur from $15 million to $20 million i n restructuring charges associated with the additional cost reduction actions.","evidence_source":"SEC 8-K Item 2.05/2.06","evidence_url":"https://www.sec.gov/Archives/edgar/data/1044777/000162828023028554/0001628280-23-028554-index.htm","confidence":0.9,"family_label":"Restructurings & Charges","details":[{"label":"Type","value":"restructuring"},{"label":"Charge","value":"from $15 million to $20 million"}],"fact_type":"restructuring_charge"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}