OneSpan Inc

OneSpan, Inc. engages in the design, development, and marketing of security solutions for identity, security, and business productivity that protect and facilitate transactions online, via mobile devices, and in-person. Its solutions have the following functions: to secure access to online accounts, data, assets, and applications for global enterprises, to provide tools for application developers to easily integrate security functions into their web-based and mobile applications, and to facilitate digital transactions involving the signing, sending, and managing of documents. The company was founded by T. Kendall Hunt in 1991 and is headquartered in Chicago, IL.

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OneSpan Inc (OSPN) reports robust Q4 earnings, eyes sustained growth

OneSpan Inc (OSPN) demonstrated strong financial performance, strategic restructuring, and a focus on innovation, positioning them for continued growth and profitability.
With a clear vision for product development, market expansion, and customer acquisition, the company is well-equipped to navigate evolving industry trends and capitalize on emerging opportunities.
While challenges exist in a competitive landscape and operational efficiency, OneSpan Inc (OSPN) remains confident in their ability to meet long-term targets and drive successful execution.

OneSpan Inc (OSPN) reports strong Q1 growth and invests in future digital security

OneSpan Inc (OSPN) demonstrated solid performance in Q1 2023 with revenue and ARR growth.
The company's strategic investments in new products and technologies position it well for future expansion.
Challenges in the macroeconomic environment are being addressed while opportunities in digital security remain promising.

OneSpan Inc reports Q2 growth, targets higher profitability by 2024

OneSpan Inc's Q2 2023 performance showed revenue and ARR growth, alongside ongoing cost reduction efforts.
Challenges include macro uncertainties affecting the digital agreement segment and the need to enhance sales team productivity.
The company's strategic focus on profitability, demand generation, and aligning sales and marketing efforts presents opportunities for future growth.

OneSpan Inc reports Q3 growth, targets profitability and strategic acquisitions

OneSpan Inc's Q3 performance reflects steady revenue growth, cost reduction efforts, and progress towards profitability targets, positioning the company for future success.
With a clear focus on operational efficiency, strategic business unit transitions, and enhanced financial guidance, OneSpan demonstrates a commitment to sustainable growth and value creation.
While facing challenges in Q4 profitability and balancing cost savings with strategic investments, the company remains optimistic about its outlook and opportunities for expansion and innovation.

OneSpan Inc reports robust Q4 earnings, eyes growth opportunities

OneSpan Inc's Q4 2023 earnings call highlighted strong financial performance, operational improvements, and strategic focus on revenue growth. The company aims to achieve financial targets, improve efficiency, and enhance shareholder value through capital allocation strategies and sales team productivity.

OneSpan Inc (OSPN) reports strong Q1 performance and targets $75M cost savings

OneSpan Inc (OSPN) demonstrated robust financial performance in Q1 2024, marked by revenue growth, profitability, and cost-saving initiatives.
The company's strong ARR growth and cash position provide a solid foundation for future growth and strategic investments.
Analyst inquiries highlighted areas for improvement and strategic focus, indicating a proactive approach to addressing challenges and leveraging opportunities.

OneSpan Inc reports solid Q2 results, eyes growth opportunities

OneSpan Inc's Q2 2024 performance reflects positive growth trends, improved operational efficiency, and a strategic shift towards software and services.
While facing challenges in hardware revenue and scaling innovations, the company's strengths in renewals, digital agreements, and leadership stability offer a strong foundation for future growth.
Opportunities lie in expanding SaaS offerings, leveraging new products, and capitalizing on the strong performance of key business units to drive continued success.
Overall, OneSpan Inc's outlook appears promising with a focus on profitability, innovation, and potential capital returns to shareholders.

OneSpan Inc posts profitable Q3 with subscription revenue growth

OneSpan Inc (OSPN) reported a profitable quarter with strong subscription revenue growth, despite a 4% decline in total revenue driven by lower hardware sales.
The company showcased profitability in both Digital Agreements and Security segments, with a focus on cost reduction and higher-margin software revenue.
Opportunities lie in potential capital return to shareholders, transitioning to software revenue, and exploring drivers of subscription revenue growth.

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OneSpan, Inc. engages in the design, development, and marketing of security solutions for identity, security, and business productivity that protect and facilitate transactions online, via mobile devices, and in-person. It operates through the Digital Agreements and Security Solutions segments. The Digital Agreements segment consists of solutions that enable the company's clients to secure and automate business processes associated with their digital agreement and customer transaction lifecycles that require consent, non-repudiation, and compliance. The Security Solutions segment refers to the portfolio of software products and software development kits that are used to build applications designed to defend against attacks on digital transactions across online environments, devices, and applications. The company was founded by T. Kendall Hunt in 1991 and is headquartered in Boston, MA.

CHICAGO--(BUSINESS WIRE)--OneSpan Inc. (NASDAQ: OSPN), the global leader in securing remote banking transactions, today issued a letter to its stockholders describing its engagement with Legion Partners Holdings, LLC (and its affiliates) and detailing the progress made executing the Company's strategic plan and positioning the Company for continued success. The Company's proxy statement and other important information relating to the annual meeting of stockholders scheduled to be held on June 9

OneSpan Outlines Record of Engagement and Transformational Progress in Letter to Stockholders

OneSpan Inc. (OSPN) CEO Scott Clements on Q1 2021 Results - Earnings Call Transcript

OneSpan (OSPN) delivered earnings and revenue surprises of -100.00% and 1.75%, respectively, for the quarter ended March 2021. Do the numbers hold clues to what lies ahead for the stock?

OneSpan (OSPN) Reports Q1 Loss, Tops Revenue Estimates

CHICAGO--(BUSINESS WIRE)--OneSpan Inc. (NASDAQ: OSPN), the global leader in securing remote banking transactions, today reported financial results for the first quarter ended March 31, 2021. “ARR continued to grow rapidly at 29% as we shift to a recurring revenue-led business model. ARR specific to subscription and term-based contracts grew in excess of 50%, and a record 87% of our software and services bookings and revenues were recurring,” stated OneSpan CEO, Scott Clements. “We have made tre

OneSpan Reports Results for First Quarter 2021; Reaffirms Full Year 2021 Guidance

LOS ANGELES--(BUSINESS WIRE)--Legion Partners Asset Management, LLC, which, together with its affiliates (collectively, “Legion Partners” or “Legion”), beneficially owns 2,790,121 shares of common stock of OneSpan Inc. (“OneSpan” or the “Company”) (Nasdaq: OSPN), representing approximately 6.9% of the outstanding stock, today issued an open letter to stockholders in response to the recently published letter by OneSpan's Board of Directors (the “Board”) on April 26, 2021. Legion Partners has nom

Legion Partners Issues Letter to Stockholders Responding to OneSpan's Latest Misleading Statements

CHICAGO--(BUSINESS WIRE)--OneSpan Inc. (NASDAQ: OSPN), the global leader in securing remote banking transactions, today filed definitive proxy materials with the Securities and Exchange Commission in connection with its annual meeting of stockholders, which is scheduled to be held on June 9, 2021. Stockholders of record as of close of business on April 19, 2021 will be entitled to vote at this meeting. The proxy statement and other important information relating to the annual meeting of stockho

OneSpan Files Definitive Proxy and Issues Letter to Stockholders

Cybersecurity technology company OneSpan Inc (NASDAQ: OSPN) announced the departure of CFO Mark Hoyt. Hoyt will join a private company as the CFO, though he will remain in his role through early June for a smooth transition.

OneSpan Finance Chief Departs

CHICAGO--(BUSINESS WIRE)--OneSpan Inc. (NASDAQ: OSPN), the global leader in securing remote banking transactions, today announced that Mark Hoyt, its Chief Financial Officer, will be leaving the company to become the CFO at a private company. OneSpan is initiating a search process to replace Mr. Hoyt, who has agreed to remain in his role through early June to ensure a smooth transition. Scott M. Clements, Chief Executive Officer and President of OneSpan, stated, “On behalf of the Board of Direc

OneSpan Announces Chief Financial Officer Leadership Transition

CHICAGO--(BUSINESS WIRE)--OneSpan™ (NASDAQ: OSPN), the global leader in securing remote banking transactions, today announced the launch of its OneSpan Sign Virtual Room for remote agreement collaboration and e-signing. The Virtual Room provides financial services organizations a single solution to deliver secure, video-enabled customer interactions for completing complex financial agreements. “Branch access and in-person meetings have been replaced by digital interactions, in part due to pande

OneSpan Sign Virtual Room Makes Remote Agreement Signing Easy and Secure

LOS ANGELES--(BUSINESS WIRE)--Legion Partners Asset Management, LLC, which, together with its affiliates (collectively, “Legion Partners”), beneficially owns 2,790,121 shares of common stock of OneSpan Inc. (“OneSpan” or the “Company”) (Nasdaq: OSPN), representing approximately 6.9% of the outstanding stock, today announced the filing of its definitive proxy statement and issued an open letter to stockholders in connection with its nomination of four highly-qualified independent directors for e

Legion Partners Files Definitive Proxy Statement and Issues Letter to OneSpan Shareholders

CHICAGO--(BUSINESS WIRE)--OneSpan™ Inc. (NASDAQ: OSPN), the global leader in securing remote banking transactions, today announced its Board of Directors has appointed Garry Capers as a new independent director, effective April 6, 2021. Mr. Capers has also been named as a member of the Board's Corporate Governance and Nominating Committee and Finance and Strategy Committee. Mr. Capers is Division President, Cloud Solutions at Deluxe Corporation where he has full financial and operational respon

OneSpan Appoints Garry Capers, Cloud Solutions Executive at Deluxe Corporation, to Board of Directors

SAN DIEGO & CHICAGO--(BUSINESS WIRE)---- $OSPN #ClassAction--Shareholder rights law firm Robbins LLP is investigating OneSpan Inc. (NASDAQ: OSPN) to determine whether certain OneSpan officers and directors violated the Securities Exchange Act of 1934 and breached their fiduciary duties to the Company. OneSpan and its subsidiaries design, develop, and market solutions for identity, security, and business productivity. If you suffered a loss due to OneSpan Inc.'s misconduct, click here. OneSpan Inc. (OSPN) Overstated i

Shareholder Alert: Robbins LLP is Investigating OneSpan Inc. (OSPN) for Shareholders

CHICAGO--(BUSINESS WIRE)--OneSpan Inc. (NASDAQ: OSPN), the global leader in securing remote banking transactions, today announced it will release its first quarter 2021 financial results after market close Tuesday, May 4, 2021. On May 4, 2021 at 4:30 p.m. ET, OneSpan will host a conference call to discuss its first quarter 2021 financial results. A live webcast of the conference call will be available via the OneSpan Investor Relations website at: investors.onespan.com. Shortly after the conclu

OneSpan to Announce First Quarter Financial Results on May 4, 2021

OneSpan Inc. (OSPN) CEO Scott Clements on Q4 2020 Results - Earnings Call Transcript

OneSpan (OSPN) delivered earnings and revenue surprises of -25.00% and 23.09%, respectively, for the quarter ended December 2020. Do the numbers hold clues to what lies ahead for the stock?

OneSpan (OSPN) Lags Q4 Earnings Estimates

Shares of OneSpan (NASDAQ:OSPN) were flat in after-market trading after the company reported Q4 results. Quarterly Results Earnings per share fell 87.50% year over year to $0.03, which beat the estimate of $0.01.

OneSpan: Q4 Earnings Insights

CHICAGO--(BUSINESS WIRE)--OneSpan Inc. (NASDAQ: OSPN), the global leader in securing remote banking transactions, today reported financial results for the fourth quarter and full year ended December 31, 2020. "Improved demand for mobile security and continued strong demand for e-signature solutions resulted in record bookings of recurring revenue contracts and stronger than forecast revenue in the fourth quarter,” stated OneSpan CEO, Scott Clements. “For the full year, ARR grew 29%, near the hi

OneSpan Reports Results for Fourth Quarter and Full Year 2020; Exceeds Full Year 2020 Revenue Guidance

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CHICAGO--(BUSINESS WIRE)--OneSpan Inc. (NASDAQ: OSPN), the global leader in securing remote banking transactions, today announced it will release its fourth quarter and fiscal year 2020 financial results after market close on Tuesday, February 23, 2021. On February 23, 2021 at 4:30 p.m. ET, OneSpan will host a conference call to discuss its fourth quarter and fiscal year 2020 financial results. A live webcast of the conference call will be available via the OneSpan Investor Relations website at

OneSpan to Announce Fourth Quarter and Fiscal Year 2020 Financial Results on February 23, 2021

CHICAGO--(BUSINESS WIRE)--OneSpan (NASDAQ: OSPN), the global leader in securing remote banking transactions, today announced that Scott Clements, CEO, and Joe Maxa, Vice President of Investor Relations, will participate in the 23rd Annual Needham Virtual Growth Conference, taking place January 11-15, 2021. OneSpan is scheduled to present on Wednesday, January 13 at 4:15 p.m. ET. Management will also be available for one on one meetings. A link for the live webcast, as well as a replay of the ar

OneSpan Announces Participation in 23rd Annual Needham Virtual Growth Conference

SAN DIEGO, Dec. 01, 2020 (GLOBE NEWSWIRE) -- The Shareholders Foundation, Inc. announces that a lawsuit is pending for certain investors in NASDAQ: OSPN shares.

NASDAQ: OSPN Investor Notice: Lawsuit against OneSpan Inc. announced by Shareholders Foundation

CHICAGO--(BUSINESS WIRE)--OneSpan™ (NASDAQ: OSPN), the global leader in securing remote banking transactions, today released the inaugural OneSpan Global Financial Regulations Report. The report examines regulatory and legislative initiatives impacting financial services globally in fraud prevention, digital identity, data protection, payments, Open Banking, e-signatures and more. Governments around the world are considering and enacting laws, policies and regulations to enable and protect digi

More Regulations on the Horizon for Banks as Pandemic Exposes Security and Identity Verification Deficiencies

OneSpan Inc. (OSPN) CEO Scott Clements on Q3 2020 Results - Earnings Call Transcript

OneSpan (OSPN) delivered earnings and revenue surprises of -50.00% and -11.77%, respectively, for the quarter ended September 2020. Do the numbers hold clues to what lies ahead for the stock?

OneSpan (OSPN) Misses Q3 Earnings and Revenue Estimates

Shares of OneSpan (NASDAQ:OSPN) decreased 15.3% in after-market trading after the company reported Q3 results. Quarterly Results Earnings per share fell 91.67% year over year to $0.03, which missed the estimate of $0.05.

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