OneSpan Reports Results for First Quarter 2021; Reaffirms Full Year 2021 Guidance
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OneSpan Inc. (OSPN) Tops Q1 EPS by 24c, Revenues Beat; Reaffirms FY21 Revenues Guidance
May 4, 2021 5:44 PM EDTOneSpan Inc. (NASDAQ: OSPN) reported Q1 EPS of $0.16, $0.24 better than the analyst estimate of ($0.08). Revenue for the quarter came in at $50.8 million versus the consensus estimate of $49.09 million.
First Quarter 2021 Financial Highlights
Revenue for the first quarter of 2021 was $50.8 million, a decrease of 10% from $56.4 million for the first quarter of 2020.Gross profit was $35.5 million for the first quarter of 2021, compared to $40.3 million for the first quarter of 2020. Gross margin for the first quarter of 2021 was 70%, compared to 71% for the first quarter of 2020.GAAP operating loss for the first quarter of... More