OneSpan Q4 rev $62.9M (+11% YoY); GAAP net income $0.4M; guides FY2024 Adj EBITDA $47-52M

OneSpan Inc.

Q4 revenue $62.9M (+11% YoY); subscription revenue $27.3M (+15% YoY); ARR $154.6M (+11%).
Q4 GAAP net income $0.4M ($0.01 diluted EPS) vs net loss $3.1M; non-GAAP net income $7.5M ($0.19).
Full year revenue $235.1M (+7% YoY); GAAP operating loss $28.9M; Adjusted EBITDA $12.0M vs $6.4M.
FY2024 guidance: revenue $238-246M, ARR $160-168M, Adjusted EBITDA $47-52M (20-23% margin).
Repurchased $29.2M of stock in FY2023, including $25.4M via modified Dutch tender offer.

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 0.7

OneSpan Inc. reported financial results for the quarter and year ended December 31, 2023.

Period: the quarter and year ended December 31, 2023
Result: reported results

Exact text from the filing

On March 6, 2024, OneSpan Inc. issued a press release announcing certain financial results and other information for the quarter and year ended December 31, 2023.

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OneSpan Inc. filing history →

Source: SEC EDGAR

accession 0001628280-24-009387

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