Welcome to our dedicated page for Onespan news (Ticker: OSPN), a resource for investors and traders seeking the latest updates and insights on Onespan stock.
OneSpan Inc. (NASDAQ: OSPN) is a provider of secure authentication, identity, electronic signature, and digital workflow solutions, and its news flow reflects this focus on digital transaction security. Company announcements frequently cover financial results, strategic technology investments, and initiatives aimed at strengthening security for banks and other enterprises that rely on digital channels.
Investors following OSPN news can expect regular earnings releases and conference call announcements, where OneSpan discusses its revenue mix across product and license, services and other, as well as subscription revenue and Annual Recurring Revenue (ARR). These updates often highlight the performance of its Security Solutions and Digital Agreements businesses and provide context on profitability and recurring revenue trends.
OneSpan’s news also features strategic transactions and partnerships. The company has reported the acquisition of Nok Nok Labs Inc. to broaden its FIDO passwordless authentication capabilities, a strategic investment in ThreatFabric to expand fraud prevention and mobile threat intelligence, and a definitive agreement to acquire Build38 to advance SDK-based mobile application protection and Runtime Application Self-Protection (RASP). Such announcements illustrate how OneSpan is adding technologies in areas like mobile app security, AI-enhanced defenses, and fraud detection.
In addition, OneSpan issues news about customer deployments and industry collaborations, such as cloud-based FIDO authentication solutions for mobile banking and joint projects with partners in financial services. For those tracking developments in authentication, digital agreements, and digital banking security, the OSPN news page provides a centralized view of OneSpan’s reported financial performance, product-related initiatives, and key partnerships.
OneSpan reported its fourth quarter and full-year 2020 results, revealing a challenging year with a 15% decline in total revenue to $215.7 million. However, the company saw a significant increase in annual recurring revenue (ARR), which grew by 29%, surpassing its long-term target. The fourth quarter revenue of $52.9 million marked a 25% decrease from the previous year, attributed to customers accelerating purchases in 2019 due to regulatory compliance. Despite these challenges, gross margins improved, and the company plans to focus on recurring revenue growth in 2021, projecting ARR growth between 22% and 26%.
OneSpan (NASDAQ: OSPN) will announce its Q4 and FY 2020 financial results on February 23, 2021, after market close. A conference call will be held that day at 4:30 PM ET to discuss the results, which can be accessed via webcast on the OneSpan Investor Relations website. OneSpan specializes in securing remote banking transactions and provides solutions to over 10,000 customers, including many leading global banks, helping to reduce digital fraud and improve user experience.
OneSpan (NASDAQ: OSPN) will release its fourth quarter and fiscal year 2020 financial results post-market on February 23, 2021. A conference call is scheduled for 4:30 p.m. ET the same day to discuss these results, featuring a live webcast available on the company’s Investor Relations website. OneSpan specializes in securing remote banking transactions, focusing on reducing digital fraud through its Trusted Identity platform, catering to over 10,000 customers globally, including many top banks.
OneSpan (NASDAQ: OSPN) announced CEO Scott Clements and VP of Investor Relations Joe Maxa will participate in the 23rd Annual Needham Virtual Growth Conference from January 11-15, 2021. OneSpan is scheduled to present on January 13 at 4:15 p.m. ET and will offer one-on-one meetings. The event aims to showcase OneSpan's advancements in securing remote banking transactions and addressing digital fraud, as the company supports over 10,000 customers, including half of the top 100 global banks.
OneSpan (NASDAQ: OSPN) has released its first Global Financial Regulations Report, focusing on the regulatory landscape affecting financial services globally. The report highlights the impact of COVID-19 on remote banking, urging financial institutions to adapt to new regulations in fraud prevention, digital identity, and data protection. Key trends include the rise of artificial intelligence scrutiny, approval of remote account openings, growth in Open Banking, increased use of facial recognition for identity verification, and emerging regulations for cryptocurrencies.
OneSpan™ Inc. (NASDAQ: OSPN) has appointed Alfred “Al” Nietzel as an independent director effective November 11, 2020. Nietzel, a former CFO with extensive experience in software and SaaS sectors, will also serve on the Audit and Finance & Strategy Committees. His notable accomplishments include leading the financial execution of the $2B+ spinoff of ADP’s Dealer Services, creating CDK Global. Nietzel's addition reflects the company’s ongoing board refreshment strategy, aimed at strengthening financial expertise and supporting future growth amid increasing demand for digital banking solutions.
OneSpan Inc. (NASDAQ: OSPN) reported its Q3 2020 financial results, showing a 35% revenue decline to $51.4 million compared to Q3 2019. The company is transitioning to a recurring revenue model, achieving 27% growth in annual recurring revenue and a 120% dollar-based net expansion rate. The pandemic has delayed several IT projects, impacting customer account growth and demand for authentication products. The company forecasts total revenue for FY 2020 between $203 million and $207 million.
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OneSpan (NASDAQ: OSPN) announced its participation in upcoming investor events. CEO Scott Clements will present at the JMP Securities Small-Cap Technology Forum on November 10, 2020, at 11:30 a.m. ET. Additionally, Clements and VP of Investor Relations Joe Maxa will host one-on-one meetings at the Needham Virtual Security Conference on November 17, 2020. Clements will also present at 11:00 a.m. ET, with a live webcast and replay available on the OneSpan investor relations website. OneSpan specializes in securing digital transactions and combating fraud for over 10,000 clients, including leading banks.
OneSpan (NASDAQ: OSPN) has rescheduled its third quarter 2020 earnings release to occur after market close on November 2, 2020, instead of November 3, 2020. A conference call to discuss these results will take place on the same day at 4:30 p.m. Eastern Time. Investors can join the call via a live webcast on the company’s Investor Relations website. OneSpan specializes in securing remote banking transactions and aims to reduce digital fraud for over 10,000 clients, including major global banks.