OneSpan Reports Fourth Quarter and Full Year 2023 Financial Results
OneSpan Inc. (OSPN)
Last onespan inc. earnings: 3/3 04:05 pm
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Source: Business Wire
Fourth quarter revenue grew 11% year-over-year to $62.9 million; full year revenue grew 7% year-over-year to $235.1 millionFourth quarter subscription revenue grew 15% year-over-year to $27.3 million; full year subscription revenue grew 19% year-over-year to $106.4 millionAnnual Recurring Revenue (ARR) grew 11% year-over-year to $154.6 million1Net Retention Rate (NRR) of 110%2 BOSTON--(BUSINESS WIRE)--OneSpan Inc. (NASDAQ: OSPN), the digital agreements security company, today reported financial results for the fourth quarter and full year ended December 31, 2023.“We ended the year on a high note led by strong operational rigor and accelerated cost reduction actions over the second half of 2023, resulting in 3% GAAP operating margin and 18% adjusted EBITDA margin in the fourth quarter, a dramatic improvement from the prior year,” stated OneSpan interim CEO, Victor Limongelli. “We will continue to focus on driving efficient revenue growth, profitability and cash flow in 2024.”Fourth
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News
- OneSpan Inc. (NASDAQ: OSPN) was downgraded by analysts at StockNews.com from a "buy" rating to a "hold" rating.MarketBeat
- OneSpan (NASDAQ:OSPN) shareholders have endured a 64% loss from investing in the stock three years ago [Yahoo! Finance]Yahoo! Finance
- OneSpan Inc. (NASDAQ: OSPN) was upgraded by analysts at StockNews.com from a "hold" rating to a "buy" rating.MarketBeat
- OneSpan to Announce First Quarter Financial Results on May 2, 2024Business Wire
- Facial Recognition Market worth $13.4 billion by 2028, growing at a CAGR of 16.3%: Report by MarketsandMarkets™ [Yahoo! Finance]Yahoo! Finance
OSPN
Earnings
- 3/6/24 - Beat
OSPN
Sec Filings
- 4/23/24 - Form DEF
- 3/18/24 - Form 4
- 3/18/24 - Form 4
- OSPN's page on the SEC website