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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.
OneSpan
OneSpan
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.