OneSpan reports Q4 adjusted EPS 24c, consensus 25c

Reports Q4 revenue $61.2M, consensus $58.37M. Annual Recurring Revenue increased 8% year-over-year to $167.7M. “We ended the year with another strong quarter of subscription revenue growth, profitability and cash generation,” stated OneSpan (OSPN) CEO, Victor Limongelli. “With the improvements we have made to our operating profile over the last year, combined with planned disciplined investments and an ongoing focus on operational excellence, I believe we are in a strong position to drive efficient revenue growth and profitability over the long-term.”