---
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"
generated_at: "2026-06-02T23:46:46.513584+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# OneSpan Q1 revenue $64.8M (+13% YoY); raises FY2024 Adj. EBITDA guidance to $51-55M

## Summary
- 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.

## SEC filing metadata
- 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
- event_type: earnings
- sentiment: positive
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 2.02, 9.01
- 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

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001628280-24-019981
- JSON: https://secwatch.observer/filing/0001628280-24-019981.json
- Plain text: https://secwatch.observer/filing/0001628280-24-019981.txt

## Key facts
- Earnings Releases
  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.
  - Period: the first quarter ended March 31, 2024
  - Revenue: $64.8 million
  - Net income: $13.5 million, or $0.35 per diluted share
  - EPS: $0.35 per diluted share
  - Guidance: raised
  - Result: reported results
  source text: 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_url: https://www.sec.gov/Archives/edgar/data/1044777/000162828024019981/0001628280-24-019981-index.htm

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