secwatch.observer — SEC 8-K summary
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Issuer:     OneSpan Inc. (OSPN)
CIK:        0001044777
Form:       8-K
Filed at:   2024-03-06T23:59:59+00:00
Accession:  0001628280-24-009387
Event type: earnings
Sentiment:  positive
Materiality: 0.70
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1044777/000162828024009387/0001628280-24-009387-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1044777/000162828024009387/ospn-20240306.htm
  HTML page:      https://secwatch.observer/filing/0001628280-24-009387

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer