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 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.
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.
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.
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.
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.
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.
