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Dec 31, 2021
OneSpan Q4 2021 Earnings Report
Reported financial results for the fourth quarter and year ended December 31, 2021.
Key Takeaways
OneSpan's Q4 2021 total revenue grew 12% year-over-year to $59.2 million, and the company exceeded expectations for revenue, ARR and adjusted EBITDA.
Q4 Total revenue grew 12% year-over-year to $59.2 million
Q4 Recurring revenue grew 4% year-over-year to $31.6 million
Q4 Annual Recurring Revenue (ARR) grew 20% year-over-year to $125.0 million
Q4 Dollar-based net expansion (DBNE) of 115%
OneSpan
OneSpan
Forward Guidance
For the Full Year 2022, OneSpan currently expects revenue to meet or exceed full year 2021 revenue and Adjusted EBITDA to be approximately break-even or higher.
Positive Outlook
- Revenue to meet or exceed full year 2021 revenue.