{"schema_version":"secwatch.filing_event.v1","accession":"0001628280-24-019981","form_type":"8-K","ticker":"OSPN","cik":"0001044777","company_name":"OneSpan Inc.","filed_at":"2024-05-02T23:59:59+00:00","discovered_at":"2026-05-14T18:03:17.016395+00:00","generated_at":"2026-06-02T23:46:46.513584+00:00","sec_items":["2.02","9.01"],"event_type":"earnings","sentiment":"positive","materiality_score":0.75,"calibrated_materiality_score":0.75,"confidence":"high","headline":"OneSpan Q1 revenue $64.8M (+13% YoY); raises FY2024 Adj. EBITDA guidance to $51-55M","bullets":["Revenue $64.8M (+13% YoY); subscription revenue $40.0M (+34%); ARR $154.6M (+9%), NRR 107%.","Net income $13.5M ($0.35 diluted EPS) vs net loss $8.4M in Q1 2023; non-GAAP EPS $0.43.","Adjusted EBITDA $19.8M vs $(1.6)M; cash $63.9M, up from $42.5M at Dec 2023.","FY2024 guidance raised: revenue $238-246M, ARR $160-168M, Adj. EBITDA $51-55M (prev. $47-52M).","Interim CEO cites additional $10M annualized cost savings; confident of exceeding prior EBITDA guidance."],"urls":{"canonical":"https://secwatch.observer/filing/0001628280-24-019981","json":"https://secwatch.observer/filing/0001628280-24-019981.json","markdown":"https://secwatch.observer/filing/0001628280-24-019981.md","text":"https://secwatch.observer/filing/0001628280-24-019981.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1044777/000162828024019981/0001628280-24-019981-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1044777/000162828024019981/ospn-20240502.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-02T23:46:46.513584+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":"e6b4bd6ff026b549f9c8d72468382592d0642fef","claim":"OneSpan Inc. reported the first quarter ended March 31, 2024 results: revenue $64.8 million, net income $13.5 million, or $0.35 per diluted share, EPS $0.35 per diluted share. Guidance raised.","evidence_excerpt":"by specific reference in such a filing. --- EX-99.1 (EX-99.1) --- OneSpan Reports First Quarter 2024 Financial Results • First quarter revenue grew 13% year-over-year to $64.8 million • First quarter subscription revenue grew 34% year-over-year to $40.0 million • Annual Recurring Revenue (ARR) increased 9% year-over-year to $154.6 million 1 • Net Retention","evidence_source":"SEC 8-K Item 2.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1044777/000162828024019981/0001628280-24-019981-index.htm","confidence":0.9,"family_label":"Earnings Releases","details":[{"label":"Period","value":"the first quarter ended March 31, 2024"},{"label":"Revenue","value":"$64.8 million"},{"label":"Net income","value":"$13.5 million, or $0.35 per diluted share"},{"label":"EPS","value":"$0.35 per diluted share"},{"label":"Guidance","value":"raised"},{"label":"Result","value":"reported results"}],"fact_type":"earnings_release"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}