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 (OSPN) delivers critical IT security solutions for digital transactions and identity verification, serving global financial institutions. This dedicated news hub provides investors and industry professionals with essential updates on corporate developments shaping cybersecurity and financial technology sectors.
Access timely announcements including quarterly earnings, product innovations, and strategic partnerships. Our curated collection features regulatory filings, technology deployments, and market analysis relevant to Onespan's role in securing digital ecosystems. Resources are organized to help stakeholders assess operational milestones and industry positioning.
For ongoing monitoring of cybersecurity trends impacting financial services, bookmark this page for direct access to Onespan's official communications and third-party analysis. Regularly updated to reflect material developments affecting digital security markets.
OneSpan (NASDAQ: OSPN) announced its participation in upcoming investor events. CEO Scott Clements will present at the JMP Securities Small-Cap Technology Forum on November 10, 2020, at 11:30 a.m. ET. Additionally, Clements and VP of Investor Relations Joe Maxa will host one-on-one meetings at the Needham Virtual Security Conference on November 17, 2020. Clements will also present at 11:00 a.m. ET, with a live webcast and replay available on the OneSpan investor relations website. OneSpan specializes in securing digital transactions and combating fraud for over 10,000 clients, including leading banks.
OneSpan (NASDAQ: OSPN) has rescheduled its third quarter 2020 earnings release to occur after market close on November 2, 2020, instead of November 3, 2020. A conference call to discuss these results will take place on the same day at 4:30 p.m. Eastern Time. Investors can join the call via a live webcast on the company’s Investor Relations website. OneSpan specializes in securing remote banking transactions and aims to reduce digital fraud for over 10,000 clients, including major global banks.
OneSpan (NASDAQ: OSPN) will release its third quarter 2020 financial results after market close on November 3, 2020. A conference call to discuss these results will take place at 4:30 p.m. ET on the same day, with a live webcast available on the OneSpan Investor Relations website. Investors are encouraged to dial in 15 minutes early due to potential hold times. OneSpan focuses on securing remote banking transactions, providing solutions to prevent digital fraud for over 10,000 customers, including many of the world's largest banks.
OneSpan (NASDAQ: OSPN) has appointed Ajay Keni as Chief Technology Officer (CTO) to drive innovation in the financial services market through its Trusted Identity platform. Keni, with over 20 years of experience, will enhance OneSpan's anti-fraud solutions, including identity verification and multifactor authentication. The company intends to adopt a cloud-first strategy for its technology stack, improving scalability and integration. Former CTO Benoit Grangé transitions to Chief Technology Evangelist, focusing on technology vision and industry insights.
On September 17, 2020, OneSpan (NASDAQ: OSPN) announced a strategic partnership with ForgeRock to enhance digital identity management and fraud prevention in banking. This collaboration integrates OneSpan's multi-factor authentication and risk analytics into ForgeRock's Identity Platform, allowing banks to streamline identity and access management. The combined solution aims to enhance security and user experience in light of rising fraud due to Covid-19. Both companies emphasize the importance of this integration for financial institutions to manage risks effectively.
OneSpan (NASDAQ: OSPN) announced the retirement of T. Kendall Hunt from its Board of Directors, effective September 12, 2020. Hunt, who founded the company in 1997 and served in various leadership roles, played a vital role in its growth. The board has added four new directors with expertise in cloud technology, finance, and financial services to strengthen its capabilities. OneSpan's security solutions help reduce digital transaction fraud and facilitate regulatory compliance for over 10,000 customers, including more than half of the top 100 global banks.
On September 1, 2020, OneSpan (NASDAQ: OSPN) announced participation in several upcoming investor conferences. The events include the D.A. Davidson 19th Annual Software & Internet Virtual Conference on September 9, the Colliers 2020 Institutional Investor Conference on September 10, and the Jefferies Software Virtual Conference on September 15. The Sidoti Fall 2020 Investor Conference is scheduled for September 24. Live webcasts and replays will be available on the OneSpan investor relations website, highlighting the company's commitment to securing remote banking transactions.
On August 4, 2020, OneSpan announced a delay in its Q2 2020 earnings release originally scheduled for the same day. The company identified immaterial errors from prior periods concerning software license contracts, leading to estimated revenue overstatements of $2M to $2.5M from Q1 2018 to Q1 2020, less than 0.5% of total revenue. OneSpan plans to report its Q2 results on August 11, 2020, after market close. The company will assess the impact on its internal control over financial reporting.
OneSpan Inc. (NASDAQ: OSPN) will release its second quarter 2020 financial results on August 4, 2020, after market close. The company will host a conference call at 4:30 p.m. ET to discuss these results, with a live webcast available on the OneSpan Investor Relations website. Investors are encouraged to dial in at least 15 minutes early due to potential long hold times during the COVID-19 pandemic. OneSpan is a leader in securing remote banking transactions, providing solutions to over 10,000 customers, including significant global banks.
OneSpan Inc. (NASDAQ: OSPN) reported a revenue increase of 19% to $56.5 million for Q1 2020, driven by a 90% growth in software revenue, amounting to $24.4 million. Recurring revenue rose 62% to $26 million. The company achieved an adjusted EBITDA of $5.3 million, contrasting with a net income of $0.1 million, or $0.00 per share. Cash and investments totaled $105.3 million. For 2020, OneSpan anticipates revenue between $255 million and $265 million.
