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OneSpan Inc (OSPN)
NASDAQ:OSPN
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Earnings Data
Report Date
Feb 27, 2025TBA Not Confirmed
Period Ending
2024 (Q4)Consensus EPS Forecast
0.26Last Year’s EPS
0.19Same Quarter Last Year
Moderate Buy
Based on 2 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Oct 30, 2018
|% Change Since: 30.01%
|Next Earnings Date:Jul 26, 2018
Earnings Call Sentiment|Neutral
The earnings call presented a mixed picture. The company achieved strong profitability, increased subscription revenue, and significant cost savings. However, it faced challenges with overall revenue decline due to decreasing hardware sales and moderated ARR growth. Despite these challenges, the company is optimistic about future growth through subscription services and operational efficiencies.Company Guidance
During the OneSpan Q3 2024 earnings call, the company provided several key metrics and guidance for the full year. Adjusted EBITDA for the quarter was reported at $17 million, representing 30% of revenue, with both business units achieving profitability. Subscription revenue saw significant growth, increasing by 29% to account for 60% of total revenue, while total software and services revenue grew by 10%, despite an overall revenue decline of 4% due to a planned decrease in hardware sales. Annual Recurring Revenue (ARR) grew by 9% to $164 million, aligning with the company's full-year ARR guidance range of $166 million to $170 million. Cash generation improved notably, with $14 million generated from operations in Q3 and $43 million year-to-date, compared to a cash usage of $7 million in Q3 of the previous year. The company also adjusted its full-year 2024 revenue guidance to the lower half of its previous range due to reduced hardware sales, while significantly increasing its adjusted EBITDA guidance to a range of $65 million to $67 million, reflecting stronger-than-anticipated operational leverage and cost savings.Profitability and EBITDA Growth
Adjusted EBITDA was $17 million or 30% of revenue, with both business units being profitable. The Digital Agreements segment was profitable for the first time on a fully burdened basis.
Subscription Revenue Increase
Subscription revenue grew 29% and accounted for 60% of total revenue, with total software and services revenue growing by 10%.
Cash Generation Improvement
The company generated $14 million in cash from operations in Q3 and $43 million year-to-date, a significant improvement from the prior year.
Cost Reduction Achievements
Achieved $3 million in annualized cost savings, with cumulative annualized cost savings reaching approximately $76.5 million since May 2022.
Geographical Revenue Distribution
Revenue mix was 40% from EMEA, 39% from the Americas, and 21% from Asia Pacific, showing a balanced regional distribution.
Guidance and Financial Outlook
Narrowed revenue guidance range to $238 million to $242 million, with ARR expected in the range of $166 million to $170 million and increased adjusted EBITDA guidance to $65 million to $67 million.
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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 |
|---|---|---|---|
| Oct 30, 2024 | $14.56 | $16.68 | +14.56% |
| Aug 01, 2024 | $14.51 | $14.52 | +0.07% |
| May 02, 2024 | $10.95 | $12.39 | +13.15% |
| Mar 06, 2024 | $9.58 | $11.79 | +23.07% |
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 Feb 27, 2025, TBA Not Confirmed.
What is OneSpan Inc (OSPN) earnings time?
OneSpan Inc (OSPN) earnings time is at Feb 27, 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 2024 (Q4) is 0.26.
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