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) reported financial results for the fourth quarter and full year 2022, highlighting a 4% decline in Q4 revenue to $56.6 million, despite a 2% annual increase to $219.0 million. Subscription revenue surged 28% in Q4, totaling $23.8 million. Annual Recurring Revenue rose 12% to $138.7 million. The company recorded a net loss of $3.1 million, with Non-GAAP net income at $1.2 million. Adjusted EBITDA reached $3.2 million, a significant improvement from a loss the previous year. OneSpan anticipates 2023 revenue between $232 million and $242 million, representing a growth rate of 6%-11%. Key business highlights include the acquisition of ProvenDB and the launch of OneSpan Notary.
OneSpan has launched OneSpan Notary, a cloud-connected solution designed for secure and convenient digital notarization. Developed in collaboration with notaries, this service addresses the growing demand for digital transactions, especially post-pandemic, with over a billion U.S. documents notarized annually. More than 40 states have legalized Remote Online Notarization, enhancing market potential for this service. OneSpan Notary integrates with existing solutions on OneSpan's Transaction Cloud Platform, facilitating compliance and offering comprehensive features such as identity verification and secure videoconferencing. General availability is expected in March 2023.
OneSpan (NASDAQ: OSPN), a leader in digital agreements security, has introduced an innovative enterprise pricing model for its cloud-based digital agreements platform. This model aims to enhance flexibility, allowing organizations to manage their e-signature and transaction needs without overspending on licenses. By shifting away from unpredictable per-signature pricing, OneSpan enables businesses to achieve operational efficiency and cost savings. The platform offers tailored solutions including identity verification and secure transaction storage, positioning OneSpan as a competitive player in the evolving Web3 landscape.
OneSpan Inc. (NASDAQ: OSPN) announced the acquisition of ProvenDB, an Australian startup specializing in blockchain-based secure storage. This acquisition aims to enhance OneSpan’s Transaction Cloud Platform, extending its capabilities to both public and private blockchains, ensuring high assurance for digital contracts and documents.
ProvenDB's technology will add a vital layer of security, preventing data tampering and ensuring data integrity. The acquisition is expected to close in the first quarter of 2023, subject to customary conditions, and is seen as a strategic move to solidify OneSpan's position in the digital transaction security space.
OneSpan (NASDAQ: OSPN) announced it will release its fourth quarter and fiscal year 2022 financial results after market close on February 28, 2023. A conference call is scheduled for 4:30 p.m. ET on the same day, with a live webcast available on their investor relations website. OneSpan specializes in securing digital agreements and transactions, serving major global enterprises, including over 60% of the world's largest 100 banks. The company processes millions of digital agreements annually across more than 100 countries.
OneSpan Inc. (NASDAQ: OSPN), a leader in digital agreements security, will participate in the 25th Annual Needham Growth Conference from January 10-12, 2023. The company is scheduled for a fireside chat on January 11 at 8:00 a.m. E.T. During the conference, management will engage in investor meetings, promoting its secure and easy customer agreement solutions used by over 60% of the world's largest 100 banks. A live webcast of the chat and its replay will be available on OneSpan’s investor relations website.
OneSpan, a leader in digital agreements security, has been awarded the 2022 North America Product Leadership Award for passwordless authentication by Frost & Sullivan. This recognition highlights OneSpan's innovative solutions that ensure security and enhance user experience in digital transactions. Frost & Sullivan notes OneSpan's commitment to reliability, quality, and customer satisfaction, positioning it as a pioneer in the continuous passwordless authentication industry. The company aims to simplify secure customer interactions, especially for high-value transactions.
OneSpan (NASDAQ: OSPN) announced the promotion of M. Samy Ibrahim to Chief Revenue Officer, aiming to enhance sales and revenue growth.
Ibrahim, with extensive experience in sales and cybersecurity, previously held roles at Forcepoint and Arbor Networks. His leadership is expected to drive strategic alignment across revenue functions as OneSpan strengthens its market position heading into 2023.
President and CEO Matthew Moynahan highlighted Ibrahim's proven ability to grow revenue and deliver excellent client service.
OneSpan Inc. (NASDAQ: OSPN), a leader in digital agreement security, has announced its participation in two investor conferences on November 15, 2022. The company will engage in a fireside chat and investor meetings at the BTIG Technology Innovation Summit and the 16th Annual Needham Virtual Security, Networking, & Communications Conference. OneSpan specializes in enhancing digital transformations for organizations by providing secure and compliant transaction experiences, serving over 60% of the world's largest banks and processing millions of agreements globally.
OneSpan (NASDAQ: OSPN) has launched the DIGIPASS CX, a cloud-connected personal security device, enhancing identity verification amidst rising cyber threats. This innovative device addresses increasing incidents of identity theft, aiming to restore trust in digital transactions. The DIGIPASS CX devices allow users to authenticate transactions from any device using high-security biometric methods and various authentication protocols. The rollout is expected in Q2 2023, focusing on providing continuous security throughout customer interactions.
