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 (NASDAQ: OSPN) reported its Q4 and full-year 2024 financial results, showing significant improvements in profitability despite mixed revenue performance. Q4 operating income rose to $11.8M from $1.8M year-over-year, while full-year operating income reached $44.8M compared to a $28.9M loss in 2023.
Q4 revenue decreased 3% to $61.2M, but subscription revenue grew 32% to $36.1M. Full-year revenue increased 3% to $243.2M, with subscription revenue up 31% to $139.4M. The company achieved an 8% growth in Annual Recurring Revenue (ARR) to $167.7M and maintained a Net Retention Rate of 106%.
For 2025, OneSpan projects revenue between $245-251M, ARR of $180-186M, and Adjusted EBITDA of $72-76M. The company also initiated a quarterly dividend program, with an initial payment of $0.12 per share made in February 2025.
OneSpan (NASDAQ: OSPN), a digital banking security and eSignature solutions provider, has scheduled its fourth quarter and fiscal year 2024 financial results announcement for February 27, 2025, after market close. The company will host a conference call at 4:30 p.m. ET on the same day to discuss the results.
A live webcast will be available on OneSpan's investor relations website at investors.onespan.com, with a replay accessible shortly after the call. Phone participants are advised to register in advance and join at least 15 minutes before the call start time.
OneSpan Inc. (NASDAQ: OSPN), a digital banking security and eSignature solutions provider, has announced its upcoming participation in the 27th Annual Needham Growth Conference. The event is scheduled for January 14-17, 2025. The company's management team will conduct in-person meetings in New York on January 15 and virtual investor meetings on January 17.
OneSpan (NASDAQ: OSPN) has appointed Ashish Jain as Chief Technology Officer (CTO). Jain, recognized as a top digital identity expert, will lead OneSpan's global engineering organization and execute the company's innovation strategy. He brings over 20 years of experience, most recently serving as Chief Product Officer at Arkose Labs. Previously, he led eBay's identity engineering team, supporting 180+ million customers, and served as Vice President of Workspace ONE at VMware. Jain was recently named to Okta Ventures' inaugural 'The Identity 25' list for his contributions to identity security. He holds a Bachelor of Engineering from BITS, Pilani, and an MBA from the University of Denver.
OneSpan (NASDAQ: OSPN) announced the initiation of a quarterly cash dividend program. The initial dividend of $0.12 per share will be paid on February 14, 2025 to shareholders of record as of the close of business on January 31, 2025. The Board's approval reflects a commitment to returning capital to shareholders as part of a balanced capital allocation strategy. This decision underscores OneSpan's confidence in its growth potential and future cash generation capabilities. The company will consider additional capital allocation options, including share repurchases, special dividends, increases to the quarterly dividend, organic business investments, and targeted M&A. Future dividends are subject to the Board's discretion.
OneSpan (NASDAQ: OSPN) has announced a strategic integration with Ping Identity through the Ping Identity Integration Directory. The partnership will offer OneSpan's FIDO-enabled solutions to eliminate passwords and enhance authentication security. OneSpan's DIGIPASS FX solutions, which are FIDO2-certified, provide phishing-resistant passkeys for passwordless authentication, reducing human error risks. The integration combines OneSpan's authentication technology with Ping Identity's IAM solutions, focusing on improved user experience while maintaining robust security measures.
OneSpan (NASDAQ: OSPN) has launched new cloud-native integrations with Guidewire InsuranceSuite to accelerate cloud adoption in the P&C insurance sector. The integration enables end-to-end digital workflows through OneSpan Sign's eSignature solution, promising reduced IT costs up to 40% according to McKinsey & Company. The low-code/no-code approach allows easy implementation into existing policy and claim workflows, minimizing developer resource needs. The partnership aims to enhance ROI, automate processes, and improve customer productivity for P&C carriers.
OneSpan (NASDAQ: OSPN) reported Q3 2024 financial results with mixed performance. Total revenue decreased 4% year-over-year to $56.2 million, while subscription revenue grew 29% to $33.6 million. The company achieved significant profitability improvements with operating income of $11.3 million compared to a loss of $4.8 million in the previous year. Digital Agreements revenue increased 18% to $15.4 million, while Security Solutions revenue declined 11% to $40.8 million. The company narrowed its full-year 2024 revenue guidance to $238-242 million and increased Adjusted EBITDA guidance to $65-67 million.
OneSpan Inc. (NASDAQ: OSPN) has announced its plans to release third quarter 2024 financial results after the market close on Wednesday, October 30, 2024. The company will host a conference call at 4:30 p.m. ET on the same day to discuss the results. Investors and analysts can access the call via phone by using a registration link for dial-in details. A live webcast of the conference call will be available on the OneSpan investor relations website, with a replay accessible shortly after the call's conclusion. Participants are encouraged to dial in at least 15 minutes before the start of the call.
OneSpan Inc. (NASDAQ: OSPN) has announced VISION FX, a groundbreaking innovation in phishing-resistant transaction security. This solution combines OneSpan's patented CRONTO® transaction signing with FIDO2 protocols to enhance protection against phishing and account takeover threats. VISION FX offers a secure and user-friendly option for banking customers to log on and execute transactions.
The company also introduced DIGIPASS FX7, a FIDO2-enabled phishing-resistant authenticator designed to mitigate social engineering and account takeover attacks. These innovations come as digital fraud losses are expected to surpass $343 billion globally between 2023 and 2027.
OneSpan's solutions aim to address the increasing cybersecurity risks in the banking sector, providing robust security capabilities with passwordless login and What You See Is What You Sign (WYSIWYS) functionality. The company will showcase VISION FX and DIGIPASS FX7 at the Authenticate conference in Carlsbad, California.