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OneSpan Inc. - OSPN STOCK NEWS

Welcome to our dedicated page for OneSpan news (Ticker: OSPN), a resource for investors and traders seeking the latest updates and insights on OneSpan stock.

OneSpan Inc. (symbol: OSPN) is a globally recognized provider of cutting-edge information technology security solutions, primarily serving the banking, financial services, and application security markets. The company is dedicated to enabling financial institutions and other organizations to achieve significant advancements in their digital transformation journeys. OneSpan's core business revolves around establishing trust in people's identities, the devices they utilize, and the transactions that shape their daily lives.

Serving over 10,000 customers, including more than half of the top 100 global banks, OneSpan's solutions are trusted to protect some of the world's most important business relationships and processes. The company offers a diversified portfolio of products, such as digital onboarding, fraud mitigation, and workflow management tools, all aimed at reducing costs, accelerating customer acquisition, and enhancing customer satisfaction.

OneSpan's primary product offerings include authentication and anti-fraud solutions, featuring multifactor authentication and virtual private network (VPN) access capabilities. These solutions secure and manage access to digital assets and protect online transactions, whether conducted via mobile devices or in-person.

The company generates revenue from various streams, including hardware and license fees, maintenance and support fees, and subscription fees. The majority of OneSpan's revenue comes from Europe, the Middle East, and Africa, with additional contributions from the United States and the Asia-Pacific region.

OneSpan's recent achievements include numerous partnerships with leading global financial institutions and the continuous enhancement of its unified, open platform. This platform is designed to streamline and secure key business processes, contributing to the company's growth and success in the rapidly evolving digital security landscape.

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OneSpan (NASDAQ: OSPN) reported Q3 2024 financial results with mixed performance. Total revenue decreased 4% year-over-year to $56.2 million, while subscription revenue grew 29% to $33.6 million. The company achieved significant profitability improvements with operating income of $11.3 million compared to a loss of $4.8 million in the previous year. Digital Agreements revenue increased 18% to $15.4 million, while Security Solutions revenue declined 11% to $40.8 million. The company narrowed its full-year 2024 revenue guidance to $238-242 million and increased Adjusted EBITDA guidance to $65-67 million.

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OneSpan Inc. (NASDAQ: OSPN) has announced its plans to release third quarter 2024 financial results after the market close on Wednesday, October 30, 2024. The company will host a conference call at 4:30 p.m. ET on the same day to discuss the results. Investors and analysts can access the call via phone by using a registration link for dial-in details. A live webcast of the conference call will be available on the OneSpan investor relations website, with a replay accessible shortly after the call's conclusion. Participants are encouraged to dial in at least 15 minutes before the start of the call.

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OneSpan Inc. (NASDAQ: OSPN) has announced VISION FX, a groundbreaking innovation in phishing-resistant transaction security. This solution combines OneSpan's patented CRONTO® transaction signing with FIDO2 protocols to enhance protection against phishing and account takeover threats. VISION FX offers a secure and user-friendly option for banking customers to log on and execute transactions.

The company also introduced DIGIPASS FX7, a FIDO2-enabled phishing-resistant authenticator designed to mitigate social engineering and account takeover attacks. These innovations come as digital fraud losses are expected to surpass $343 billion globally between 2023 and 2027.

OneSpan's solutions aim to address the increasing cybersecurity risks in the banking sector, providing robust security capabilities with passwordless login and What You See Is What You Sign (WYSIWYS) functionality. The company will showcase VISION FX and DIGIPASS FX7 at the Authenticate conference in Carlsbad, California.

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OneSpan Inc. (NASDAQ: OSPN) reported strong financial results for Q2 2024, with total revenue growing 9% year-over-year to $60.9 million. Key highlights include:

- Subscription revenue increased 29% year-over-year to $29.6 million
- Annual Recurring Revenue (ARR) grew 15% year-over-year to $165.3 million
- Net Retention Rate (NRR) of 112%
- Operating income of $7.6 million, compared to a loss of $17.8 million in Q2 2023
- Net income of $6.6 million, or $0.17 per diluted share

OneSpan raised its full-year 2024 guidance, now expecting revenue between $238-$246 million, ARR of $166-$170 million, and Adjusted EBITDA of $55-$59 million.

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OneSpan (NASDAQ: OSPN), a leader in digital agreement security, has announced that it will release its second quarter 2024 financial results on August 1, 2024, after the market closes. A conference call to discuss the results is scheduled for 4:30 p.m. ET on the same day.

The live webcast and replay of the conference call will be accessible on the OneSpan investor relations website. Investors and analysts can register for the call to receive dial-in details and are encouraged to join 15 minutes before the start of the call.

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OneSpan (NASDAQ: OSPN) has launched the OneSpan Integration Platform, a modern solution enabling effortless eSignature integration into popular applications such as Microsoft Apps, Google Workspace, Salesforce, and Workday. This platform offers a low-code/no-code approach, streamlining implementation without the need for extensive developer resources, thus enhancing business agility, reducing IT costs, and increasing ROI.

The platform supports 1,000+ application integrations with built-in security measures, including encryption and authentication. Future developments will include a self-service marketplace and BYOI features.

The platform aims to mitigate risks, protect data, and automate processes, making business workflows seamless and efficient.

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OneSpan Inc. (NASDAQ: OSPN) will be participating in two upcoming investor conferences - Oppenheimer 9th Annual Emerging Growth Conference on May 9, 2024, and 19th Annual Needham Technology, Media & Consumer Conference on May 15, 2024. The management team will be hosting virtual and in-person meetings at these conferences, respectively.

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OneSpan Inc. (NASDAQ: OSPN) reported strong first quarter financial results for 2024, with revenue up 13% year-over-year to $64.8 million, subscription revenue up 34% to $40.0 million, and ARR up 9% to $154.6 million. The company's gross profit increased to $47.4 million, operating income improved to $14.1 million, and net income was $13.5 million. OneSpan expects revenue to range from $238 million to $246 million for the full year 2024.

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OneSpan Inc. (OSPN) will release its Q1 2024 financial results on May 2, 2024, followed by a conference call. The webcast will be available on the investor relations website.
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OneSpan Inc. (NASDAQ: OSPN) reported strong financial results for Q4 2023 and full year 2023, with revenue growth, improved margins, and positive net income. The company achieved 11% revenue growth in Q4, reaching $62.9 million, and 7% full-year revenue growth to $235.1 million. Subscription revenue also saw significant growth. OneSpan's ARR grew by 11% to $154.6 million, with a Net Retention Rate of 110%. The company's focus on operational efficiency resulted in a 3% GAAP operating margin and 18% adjusted EBITDA margin in Q4. OneSpan anticipates revenue in the range of $238 million to $246 million for FY 2024.
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FAQ

What is the current stock price of OneSpan (OSPN)?

The current stock price of OneSpan (OSPN) is $16.18 as of November 1, 2024.

What is the market cap of OneSpan (OSPN)?

The market cap of OneSpan (OSPN) is approximately 614.7M.

What does OneSpan Inc. do?

OneSpan Inc. provides IT security solutions for banking, financial services, and application security markets, focusing on authentication and anti-fraud solutions.

Who are OneSpan's primary customers?

OneSpan serves over 10,000 customers, including more than half of the top 100 global banks.

What are OneSpan's main products?

OneSpan's main products include multifactor authentication, VPN access capabilities, digital onboarding, fraud mitigation, and workflow management tools.

How does OneSpan generate revenue?

OneSpan generates revenue from hardware and license fees, maintenance and support fees, and subscription fees.

In which regions does OneSpan primarily operate?

OneSpan primarily operates in Europe, the Middle East, and Africa, with additional operations in the United States and the Asia-Pacific region.

What recent achievements has OneSpan made?

OneSpan has secured numerous partnerships with global financial institutions and continuously enhances its unified, open platform for digital security.

How does OneSpan help financial institutions?

OneSpan helps financial institutions by securing digital transactions, reducing costs, accelerating customer acquisition, and improving customer satisfaction.

What is OneSpan's unified, open platform?

OneSpan's unified, open platform is designed to streamline and secure key business processes, enhancing digital security and operational efficiency.

What markets does OneSpan serve?

OneSpan serves the banking, financial services, and application security markets.

How does OneSpan ensure the security of online transactions?

OneSpan ensures the security of online transactions through multifactor authentication, VPN access, and advanced anti-fraud solutions.

OneSpan Inc.

Nasdaq:OSPN

OSPN Rankings

OSPN Stock Data

614.70M
37.99M
6.42%
85.55%
4.61%
Software - Infrastructure
Services-computer Integrated Systems Design
Link
United States of America
BOSTON