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Mar 31, 2020
OneSpan Q1 2020 Earnings Report
Reported a revenue increase driven by software growth and recurring revenue.
Key Takeaways
OneSpan reported a 19% increase in total revenue to $56.5 million for Q1 2020. Software revenue grew by 90%, and recurring revenue increased by 62%. GAAP earnings per share was $0.00, and non-GAAP earnings per share was $0.08.
Total revenue grew 19% to $56.5 million.
Software revenue grew 90% to $24.4 million.
Recurring revenue grew 62% to $26 million.
GAAP earnings per share of $0.00 and Non-GAAP earnings per share of $0.08.
OneSpan
OneSpan
Forward Guidance
OneSpan expects revenue to be in the range of $255 million to $265 million, and Adjusted EBITDA in the range of $24 million to $28 million for the full year 2020.
Positive Outlook
- Revenue in the range of $255 million to $265 million.
- Revenue in the range of $255 million to $265 million.
- Adjusted EBITDA in the range of $24 million to $28 million.
- Adjusted EBITDA in the range of $24 million to $28 million.