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Jun 30, 2022
OneSpan Q2 2022 Earnings Report
Reported solid results with revenue increase and ARR growth.
Key Takeaways
OneSpan reported a 1% increase in total revenue, reaching $52.8 million, with subscription revenue growing by 26%. The company's ARR grew by 21% to $134.3 million. However, GAAP net loss was $9.4 million, or $0.23 per diluted share, and Non-GAAP net loss was $4.0 million, or $0.10 per diluted share.
Total revenue grew 1% year-over-year to $52.8 million.
Subscription revenue grew 26% to $19.8 million.
Annual Recurring Revenue (ARR) grew 21% to $134.3 million.
Dollar-based net expansion (DBNE) rate of 116%.
Revenue by Segment
Forward Guidance
For the full year 2022, OneSpan expects revenue to meet or exceed full year 2021 revenue, ARR growth of 16% - 18%, and Adjusted EBITDA to be in the range of negative $5 million to negative $7 million.
Positive Outlook
- Revenue to meet or exceed full year 2021 revenue.
- ARR growth of 16% - 18%.
Challenges Ahead
- Adjusted EBITDA to be in the range of negative $5 million to negative $7 million.
Revenue & Expenses
Visualization of income flow from segment revenue to net income
Historical Earnings Impact
Analyze how earnings announcements historically affect stock price performance
Avg. Return Before/After Earnings
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