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Stock impact report

OneSpan appoints interim CEO, updates guidance [Seeking Alpha]

OneSpan Inc. (OSPN) 
Last onespan inc. earnings: 3/3 04:05 pm Check Earnings Report
Company Research Source: Seeking Alpha
Victor Limongelli has been appointed interim CEO, effective immediately. Limongelli, who replaces Matthew Moynahan, most recently served as CEO at the SaaS company BQE Software. Additionally, OneSpan said it now expects 2023 revenue to be at the high end of the previously disclosed range of $228M-$232M, vs. consensus of $229.83M. 2023 adjusted EBITDA is expected to come in at or exceed the high end of the previously disclosed range of $2M-$4M. Also, the company reiterated its 2023 ARR guidance of $148M-$152M, 2024 revenue target of low- to mid-single digits growth over 2023 revenue and 2024 adjusted EBITDA margin target of 20%-23%. The company said cash, cash equivalents and short-term investments balance at 2023-end is expected to be between $41M and $43M. Recommended For You Show less Read more
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