OneSpan Q2 rev $60.9M (+9%), net income $6.6M; raises FY ARR & EBITDA guidance

OneSpan Inc.

2024-Q2 EPS reported $0.52 revenue$125,767,000

Q2 revenue $60.9M (+9% YoY); subscription revenue $29.6M (+29% YoY).
Net income $6.6M ($0.17 diluted EPS) vs net loss of $17.8M (-$0.44) a year ago.
Annual Recurring Revenue grew 15% to $165.3M; Net Retention Rate 112%.
FY 2024 guidance raised: ARR now $166-170M (prev $160-168M); Adj. EBITDA $55-59M (prev $51-55M).
Adjusted EBITDA $16.1M vs -$3.8M in Q2 2023; cash $63.8M at quarter end.

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