OneSpan Reports Record Results for Third Quarter of 2019 Driven by 77% Software Growth; Increases Full Year 2019 Guidance

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Go back to OneSpan Reports Record Results for Third Quarter of 2019 Driven by 77% Software Growth; Increases Full Year 2019 Guidance

OneSpan Inc. (OSPN) Tops Q3 EPS by 21c, Revenues Beat; Raises FY19 Revenue Guidance

October 29, 2019 4:55 PM EDT

OneSpan Inc. (NASDAQ: OSPN) reported Q3 EPS of $0.36, $0.21 better than the analyst estimate of $0.15. Revenue for the quarter came in at $79.7 million versus the consensus estimate of $63.12 million.

Third Quarter 2019 Financial Highlights

Revenue for the third quarter of 2019 was $79.7 million, an increase of 52% from $52.5 million for the third quarter of 2018. Revenue for the first nine months of 2019 was $183.6 million, an increase of 24% from $147.5 million for the first nine months of 2018.Gross Profit for the third quarter of 2019 was $53.1 million and $123.0 million for the first nine months of 2019. Gross Profit for the... More