OneSpan Inc. (NASDAQ: OSPN) reported Q2 EPS of $0.09, $0.09 better than the analyst estimate of $0.00. Revenue for the quarter came in at $49.6 million versus the consensus estimate of $48.82 million.

• Q2 Total revenue up 8% to $49.6 million
• Q2 Adjusted EBITDA of $5.3 million1
• Q2 GAAP loss per share of $0.03
• Q2 non-GAAP earnings per share of $0.091

“The second quarter marked a significant turning point for OneSpan™, with a global rebrand, the launch of our Trusted Identity platform and the acquisition of identity verification innovator, Dealflo. Each of these initiatives was executed in support of our software focused growth strategy,” stated OneSpan CEO, Scott Clements. “During the quarter, we benefitted from strong growth in e-signature subscriptions, increased software licenses and improved sequential results from our hardware product line. We remain on track to meet our full year guidance.”

Guidance for Full Year 2018

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

• Revenue is expected to be in the range of $201 million to $211 million; and
• Adjusted EBITDA is expected to be in the range of $15 million to $19 million.

GUIDANCE:

OneSpan Inc. sees FY2018 revenue of $201-211 million, versus the consensus of $206.09 million.

For earnings history and earnings-related data on OneSpan Inc. (OSPN) click here.