OneSpan reports Q1 EPS 39c , consensus 35c

Reports Q1 revenue $65.9M, consensus $62.4M. “We delivered a strong first quarter with solid profitability and subscription revenue growth,” stated OneSpan (OSPN) CEO, Victor Limongelli. “We also closed the acquisition of Build38, which strengthens our cybersecurity product portfolio by enabling customers to build threat protection into their mobile applications, and by providing the telemetry necessary for visibility into the threat and operating environment. As we invest organically and through targeted M&A, we remain focused on driving efficient revenue growth, maintaining strong profitability and cash generation, and returning capital to shareholders.”