OneSpan Inc. (OSPN) Misses Q3 EPS by 1.7c, Revenues Miss; Offers 4Q Revenue Guidance Below Consensus

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Go back to OneSpan Inc. (OSPN) Misses Q3 EPS by 1.7c, Revenues Miss; Offers 4Q Revenue Guidance Below Consensus

OneSpan Reports Results for Third Quarter and First Nine Months of 2020

November 2, 2020 4:01 PM EST

Third Quarter Financial Results

Total revenue declined 35% to $51.4 million Recurring revenue declined 5% to $22.1 million1 Annual Recurring Revenue (ARR) grew 27% to $95.7 million2 Adjusted EBITDA of $2.7 million3 GAAP loss per share of $(0.04); Non-GAAP earnings per share of $0.033

CHICAGO--(BUSINESS WIRE)-- OneSpan Inc. (NASDAQ: OSPN), the global leader in securing remote banking transactions, today reported financial results for the third quarter and nine months ended September 30, 2020.

In the third quarter, we continued to make progress... More