Vasco Data Security (VDSI) Tops Q1 EPS by 21c, Beats on Revenues; Offers FY18 Revenues Outlook Below Consensus

Vasco Data Security (NASDAQ: VDSI) reported Q1 EPS of $0.21, $0.21 better than the analyst estimate of $0.00. Revenue for the quarter came in at $45.4 million versus the consensus estimate of $43.49 million.

First Quarter Financial Results

• Q1 Total revenue of $45.4 million
• Q1 Adjusted EBITDA of $6.1 million1
• Q1 GAAP earnings per share of $0.04
• Q1 Non-GAAP earnings per share of $0.121

Guidance for Full Year 2018

VASCO is reaffirming guidance for the full-year 2018 as follows:

• Revenue is expected to be in the range of $197 million to $207 million; and
• Adjusted EBITDA is expected to be in the range of $21 million to $25 million.

GUIDANCE:

Vasco Data Security sees FY2018 revenue of $197-207 million, versus the consensus of $327.61 million.

For earnings history and earnings-related data on Vasco Data Security (VDSI) click here.

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