OneSpan Inc. reports developments tied to its cybersecurity and digital agreement businesses, including financial results, subscription revenue trends, product integrations and portfolio expansion. Its solutions cover high-assurance authentication, identity verification, fraud prevention, mobile app protection, secure e-signatures and smart digital forms for digital transactions and agreement workflows.
Company updates also include passwordless authentication capabilities such as FIDO2 security keys, passkeys, mobile biometrics and adaptive authentication, along with OneSpan Sign integrations and completed acquisitions such as Build38, which added mobile application protection and cloud-driven threat intelligence to the cybersecurity portfolio.
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.
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