OneSpan Reports Results for Third Quarter and First Nine Months of 2020
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OneSpan Inc. (OSPN) Misses Q3 EPS by 1.7c, Revenues Miss; Offers 4Q Revenue Guidance Below Consensus
November 2, 2020 4:38 PM ESTOneSpan Inc. (NASDAQ: OSPN) reported Q3 EPS of $0.033, $0.017 worse than the analyst estimate of $0.05. Revenue for the quarter came in at $51.4 million versus the consensus estimate of $58.64 million.
Third Quarter 2020 Financial Highlights5
Revenue for the third quarter of 2020 was $51.4 million, a decrease of 35% from $79.7 million for the third quarter of 2019. Revenue for the first nine months of 2020 was $162.8 million, a decrease of 11% from $183.0 million for the first nine months of 2019. Year-over-year revenue comparisons were affected by the one-time positive impact on third quarter 2019 revenue from Payment Services Directive 2 (PSD2).Gross... More