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Jun 30, 2020
OneSpan Q2 2020 Earnings Report
Revenue decreased slightly, but recurring revenue increased significantly.
Key Takeaways
OneSpan reported a slight decrease in total revenue, but a significant increase in recurring revenue. The company experienced a GAAP loss per share, but a non-GAAP earnings per share.
Total revenue declined 2% to $55.0 million.
Recurring revenue grew 35% to $23.2 million.
Annual Recurring Revenue (ARR) grew 29% to $90.0 million.
Non-GAAP earnings per share of $0.02.
Forward Guidance
Given the increased uncertainty about the impact of the pandemic on the global economy and our customers, the Company believes it prudent to withdraw its previously issued full-year guidance.
Historical Earnings Impact
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Avg. Return Before/After Earnings
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