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OneSpan Inc (OSPN)
NASDAQ:OSPN
Earnings Data
Report Date
May 06, 2025TBA Not Confirmed
Period Ending
2025 (Q1)Consensus EPS Forecast
0.33Last Year’s EPS
0.43Same Quarter Last Year
Moderate Buy
Based on 3 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Feb 27, 2025
|% Change Since: -16.34%
|Next Earnings Date:May 06, 2025
Earnings Call Sentiment|Positive
The earnings call reflected strong profitability and cash generation, highlighted by record high adjusted EBITDA and significant growth in subscription revenues. However, the call also acknowledged challenges with declining hardware revenue and the impact of sunsetting products. Despite these challenges, the company's strategic shift towards higher-margin software and subscription revenue, along with the introduction of dividends, suggests a positive outlook.Company Guidance
During the Q4 2024 earnings call, OneSpan provided several key financial metrics and guidance for the year. The company reported record high adjusted EBITDA of $20 million, representing 32% of revenue for the fourth quarter, and $73 million or 30% of revenue for the full year 2024. The annual recurring revenue (ARR) increased by 8.5% to $168 million, with Digital Agreements and Security segments growing by 12% and 6%, respectively. Subscription revenue experienced over 30% growth both quarterly and annually, accounting for 57% of total revenue, up by 12 percentage points year-over-year. Although total revenue declined by 3% in Q4, it grew by 3% for the year, with software and services revenue increasing 16% and comprising nearly three-quarters of total revenue. The company generated $12 million in cash from operations during Q4 and $56 million for the year, a significant improvement from the previous year. For 2025, OneSpan anticipates revenue between $245 million to $251 million, ARR from $180 million to $186 million, and adjusted EBITDA ranging from $72 million to $76 million, with expectations of double-digit subscription revenue growth.Record High Adjusted EBITDA
Achieved record high adjusted EBITDA in Q4 2024 at $20 million, or 32% of revenue, and $73 million for the full year, or 30% of revenue.
Subscription Revenue Growth
Subscription revenue grew over 30% for both the quarter and the year, accounting for 57% of total revenue, a 12 percentage point increase year-over-year.
Cash Generation Improvement
Generated $56 million in cash from operations in 2024, a significant improvement from the prior year's use of $11 million.
Security Subscription Revenue Surge
Security subscription revenue increased 49% in Q4 and 33% for the full year 2024.
Dividend Introduction
Paid the first quarterly cash dividend in OneSpan's history, with plans to continue quarterly dividend payments.
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OSPN Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
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OSPN Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Feb 27, 2025 | $16.22 | $16.04 | -1.11% |
| Oct 30, 2024 | $14.47 | $16.58 | +14.58% |
| Aug 01, 2024 | $14.42 | $14.43 | +0.07% |
| May 02, 2024 | $10.88 | $12.31 | +13.14% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
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FAQ
When does OneSpan Inc (OSPN) report earnings?
OneSpan Inc (OSPN) is schdueled to report earning on May 06, 2025, TBA Not Confirmed.
What is OneSpan Inc (OSPN) earnings time?
OneSpan Inc (OSPN) earnings time is at May 06, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is OSPN EPS forecast?
OSPN EPS forecast for the fiscal quarter 2025 (Q1) is 0.33.
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