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 reported Q3 2022 results with total revenue of $57.1 million, a 9% year-over-year increase, despite foreign exchange challenges impacting revenues by approximately $4.5 million. Subscription revenue rose 25% to $22.3 million, and Annual Recurring Revenue (ARR) grew 14% to $135.8 million. The company expects ARR growth to be 12%-13% for the year, revised from 16%-18%. Despite a net loss of $7.2 million, Adjusted EBITDA improved to $4.5 million, reflecting ongoing investments in sales and product development.
OneSpan Inc. (NASDAQ: OSPN) will release its third quarter 2022 financial results on November 1, 2022, after the market closes. A conference call to discuss these results is scheduled for 4:30 p.m. ET on the same day. Investors can join the call via the OneSpan Investor Relations website, where a replay will also be available shortly after. OneSpan aids organizations in secure digital transformations and serves over 60% of the world’s largest 100 banks.
OneSpan (NASDAQ: OSPN) has appointed Stuti Bhargava as its first Chief Customer Experience Officer, marking a commitment to improving customer interactions. With over 20 years in technology, including leadership roles in customer success at Immersive Labs and BitSight, Bhargava is expected to enhance OneSpan's customer journey. CEO Matthew Moynahan emphasized the importance of customer focus in accelerating digital transformations. This strategic role aims to maximize customer value from OneSpan's cloud-based security solutions.
OneSpan (NASDAQ: OSPN) has launched its Virtual Room, a secure cloud service designed for high-assurance customer engagement. This solution combines identity security with e-signature capabilities, enabling organizations to conduct live, personalized interactions while enhancing security and reducing fraud risks. The Virtual Room aims to improve agreement completion rates in a secure environment, addressing the need for high compliance and verification in digital transactions. With the rise of remote interactions, this innovative tool positions OneSpan prominently in the digital agreement market.
OneSpan (NASDAQ: OSPN) announced an expansion of its Cloud Authentication service with BankID, enhancing security for digital transactions across all Norwegian banks. Initially launched in
OneSpan (NASDAQ: OSPN) has appointed Jorge Garcia Martell as its new Chief Financial Officer, effective September 6, 2022. He replaces Jan Kees van Gaalen, who served as Interim CFO. Martell brings over 20 years of financial and operational experience, having previously held significant roles at Extreme Reach and Sapient Corporation. His expertise includes M&A strategy and financial optimization, aligning with OneSpan's goals to drive growth and profitability as the company navigates the evolving cybersecurity landscape.
OneSpan Inc. (NASDAQ: OSPN) reported a 1% revenue increase to $52.8 million for Q2 2022, with subscription revenue up 26% at $19.8 million. The company achieved a 21% growth in Annual Recurring Revenue (ARR), reaching $134.3 million, with a dollar-based net expansion rate of 116%. Operating loss narrowed to $8.2 million from $8.9 million year-over-year. However, GAAP net loss increased to $9.4 million, or $0.23 per diluted share. For 2022, OneSpan anticipates revenue to meet or exceed 2021 levels and a 16% - 18% ARR growth.
OneSpan (NASDAQ: OSPN) has been recognized as a Representative Vendor in Gartner's Market Guide for Electronic Signature. This report highlights the growing importance of identity-related functions in e-signatures, emphasizing the need for strong user authentication and compliance in high-risk scenarios. OneSpan's OneSpan Sign offers a secure electronic signature solution leveraging over three decades of security expertise, enhancing customer experience with flexible workflows and enterprise-grade security.
OneSpan Inc. (NASDAQ: OSPN) will release its Q2 2022 financial results after market close on August 2, 2022. A conference call to discuss the results is scheduled for 4:30 p.m. ET on the same day, with a live webcast available on the OneSpan Investor Relations website. Investors can also access the conference via phone, with dial-in numbers provided for both US/Canada and international participants. OneSpan is committed to enhancing digital agreements security, servicing over 60% of the world's largest banks globally.
