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Mar 31, 2024
OneSpan Q1 2024 Earnings Report
Reported strong topline, enhanced profitability and positive cash flow generation.
Key Takeaways
OneSpan reported a strong first quarter with revenue up 13% year-over-year to $64.8 million and subscription revenue up 34% year-over-year. The company is increasing its Adjusted EBITDA guidance for the full year 2024.
First quarter revenue grew 13% year-over-year to $64.8 million.
First quarter subscription revenue grew 34% year-over-year to $40.0 million.
Annual Recurring Revenue (ARR) increased 9% year-over-year to $154.6 million.
Net Retention Rate (NRR) of 107%
OneSpan
OneSpan
OneSpan Revenue by Segment
Revenue by Segment
Security Solutions Revenue
CapyFin.comDigital Agreements Revenue
CapyFin.com Forward Guidance
OneSpan expects revenue to be in the range of $238 million to $246 million, ARR to finish the year in the range of $160 million to $168 million, and Adjusted EBITDA to be in the range of $51 million to $55 million.
Revenue & Expenses
Visualization of income flow from segment revenue to net income