Onespan Inc Stock Price, News & Analysis

OneSpan Inc. (NASDAQ: OSPN) will release its Q2 2022 financial results after market close on August 2, 2022. A conference call to discuss the results is scheduled for 4:30 p.m. ET on the same day, with a live webcast available on the OneSpan Investor Relations website. Investors can also access the conference via phone, with dial-in numbers provided for both US/Canada and international participants. OneSpan is committed to enhancing digital agreements security, servicing over 60% of the world's largest banks globally.

OneSpan Inc. (NASDAQ: OSPN) has appointed Michael Lillie as Chief Information Officer (CIO), under the leadership of Matthew Moynahan, President and CEO. Lillie brings nearly 30 years of IT and security experience, previously serving at Qlik and Endurance International Group. His expertise in driving enterprise and cloud transformations is expected to bolster OneSpan's infrastructure and security operations, particularly as hybrid work environments become prevalent. Moynahan expressed confidence in Lillie's ability to enhance the company's strategic direction.

OneSpan Inc. (NASDAQ: OSPN) has appointed Matthew Moynahan, its President and CEO, to the Board of Directors effective after the annual meeting on June 8, 2022. This decision follows the retirement of Jean Holley from the Board. Al Nietzel, Chair of the Board, praised Moynahan's track record in growth strategies and operational transformation. He emphasized the company's commitment to a new vision and growth strategy under Moynahan's leadership, aiming to build long-term shareholder value.

OneSpan Inc. (NASDAQ: OSPN) has appointed Lara Mataac as General Counsel and Chief Compliance Officer. Mataac brings nearly two decades of experience in legal, compliance, and corporate governance within technology sectors. Previously, she served as General Counsel at Constant Contact and held pivotal roles in M&A and compliance at Endurance International Group. Her role is crucial as OneSpan embarks on a strategic transformation aimed at enhancing growth and profitability.

OneSpan Inc. (NASDAQ: OSPN) has appointed Michael Klieman as its new Chief Product Officer, focusing on product management, operations, and innovation to boost growth. Klieman, with over 30 years in technology and security, previously led product management at Sophos and MobileIron. His role is part of a broader executive team expansion aimed at enhancing OneSpan's cloud-based services for large enterprise customers globally. CEO Matthew Moynahan emphasized that Klieman's leadership is pivotal for advancing OneSpan's digital agreements strategy.

OneSpan Inc. (NASDAQ: OSPN) is set to detail its strategic growth plan during its Investor Day today at 9:00 a.m. ET. CEO Matt Moynahan and the executive team will present three-year financial targets and growth plans. The company reaffirms its 2022 revenue guidance, expecting to meet or exceed 2021 levels, and plans increased investments in H2 2022 to boost revenue growth starting in 2023. Adjusted EBITDA is projected between $(5) million to $(7) million, with anticipated ARR growth of 16% to 18% for 2022.

OneSpan (NASDAQ: OSPN) has announced its participation in several investor conferences during Q2 2022, following its Investor Day on May 17, 2022. Key events include the Needham Technology & Media Conference on May 19, the Craig-Hallum Institutional Investor Conference on June 1, and the Cowen Technology, Media & Telecom Conference on June 2. OneSpan's Investor Day will offer insights into its strategic transformation and growth strategy, with webcasting available for broader access. The event focuses on enhancing identity verification and reducing digital fraud.

OneSpan Inc. (NASDAQ: OSPN) reported its first quarter 2022 financial results, with total revenue rising 3% year-over-year to $52.4 million. Recurring revenue saw a significant increase of 22% to $35.2 million, while Annual Recurring Revenue (ARR) grew 21% to $130.7 million. The company achieved GAAP net income of $5.2 million, equating to $0.13 per diluted share. Adjusted EBITDA improved to $0.2 million, a notable recovery from a loss in the previous year. Management anticipates revenue for 2022 will meet or exceed last year's figures, with further details expected at the Investor Day on May 17.

OneSpan Inc. (NASDAQ: OSPN), a leader in digital identity verification, will release its Q1 2022 financial results on May 3, 2022, after market close. A conference call will follow at 4:30 p.m. ET to discuss these results. Investors can access the call via the company's Investor Relations website. OneSpan aims to combat digital fraud by improving identity verification and e-signature processes, assisting over half of the world's top 100 banks and numerous institutions globally.