secwatch.observer — SEC 8-K summary
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Issuer:     OneSpan Inc. (OSPN)
CIK:        0001044777
Form:       8-K
Filed at:   2024-08-01T23:59:59+00:00
Accession:  0001628280-24-034118
Event type: earnings
Sentiment:  positive
Materiality: 0.75
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1044777/000162828024034118/0001628280-24-034118-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1044777/000162828024034118/ospn-20240801.htm
  HTML page:      https://secwatch.observer/filing/0001628280-24-034118

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