OneSpan reports Q2 adjusted EPS 34c, consensus 29c

Reports Q2 revevnue $59.8M, consensus $59.05M. “We reported a strong quarter of profitability and strengthened our product portfolio by acquiring Nok Nok Labs, which broadens our authentication reach by adding FIDO2 passwordless authentication software,” stated OneSpan (OSPN) CEO, Victor Limongelli. “This is the kind of targeted, technology-driven acquisition with proven product market fit that we believe can add value. Looking ahead, we will continue to focus on improving our performance, while also evaluating targeted inorganic opportunities to best position the company to drive profitable, efficient revenue growth.”