OneSpan Inc. (OSPN) Misses Q2 EPS by 13c

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OneSpan Reports Second Quarter 2023 Financial Results; Accelerates Plan to Drive Adjusted EBITDA Growth

August 9, 2023 4:01 PM EDT

Second Quarter Financial Results

Second quarter revenue grew 6% year-over-year to $55.7 million Second quarter subscription revenue grew 16% year-over-year to $23.0 million Annual Recurring Revenue (ARR) grew 8% year-over-year to $144.4 million1 Net Retention Rate (NRR) of 106%2

CHICAGO--(BUSINESS WIRE)-- OneSpan Inc. (Nasdaq: OSPN), the digital agreements security company, today reported financial results for the second quarter ended June 30, 2023.

We continued to make good progress during the quarter on... More