Loading...
•
Dec 31, 2020
OneSpan Q4 2020 Earnings Report
Reported financial results with revenue declining but recurring revenue growing and ARR increasing.
Key Takeaways
OneSpan reported a decline in total revenue for Q4 2020, but experienced growth in recurring revenue and ARR. The company's focus on transitioning to a recurring revenue model and investing in its solution portfolio is expected to drive long-term growth and profitability.
Total revenue decreased by 25% to $52.9 million.
Recurring revenue increased by 24% to $30.4 million.
Annual Recurring Revenue (ARR) grew by 29% to $103.8 million.
Dollar-based net expansion (DBNE) was 120%.
Forward Guidance
For the full year 2021, OneSpan expects ARR growth, recurring revenue, and total revenue with adjusted EBITDA approximately break-even.
Positive Outlook
- ARR growth of 22% to 26%
- Recurring revenue in the range of $120 million to $125 million
- Total revenue in the range of $215 million to $225 million
Challenges Ahead
- Adjusted EBITDA approximately break-even
Historical Earnings Impact
Analyze how earnings announcements historically affect stock price performance
Avg. Return Before/After Earnings
Loading earnings performance data...
Loading earnings reaction data...