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Dec 31, 2024
OneSpan Q4 2024 Earnings Report
OneSpan reported its financial results for the fourth quarter and full year ended December 31, 2024.
Key Takeaways
OneSpan concluded the year with a strong fourth quarter, marked by significant growth in subscription revenue and improved profitability, alongside robust cash generation. The company's strategic investments and operational focus have positioned it for sustained revenue growth and profitability.
Fourth quarter operating income significantly increased to $11.8 million, up from $1.8 million in the same period last year.
Subscription revenue for the fourth quarter grew by 32% year-over-year, reaching $36.1 million.
Annual Recurring Revenue (ARR) saw an 8% increase year-over-year, totaling $167.7 million.
Net income for the fourth quarter was $28.8 million, or $0.72 per diluted share, a substantial rise from $0.4 million in the prior year.
OneSpan
OneSpan
OneSpan Revenue by Segment
Revenue by Segment
Security Solutions Revenue
CapyFin.comDigital Agreements Revenue
CapyFin.com Forward Guidance
For the full year 2025, OneSpan anticipates revenue between $245 million and $251 million, ARR between $180 million and $186 million, and Adjusted EBITDA between $72 million and $76 million.
Positive Outlook
- Projected revenue growth for the full year 2025.
- Anticipated increase in Annual Recurring Revenue (ARR).
- Expected growth in Adjusted EBITDA, indicating improved profitability.
- Continued focus on disciplined investments to drive efficient revenue growth.
- Ongoing commitment to operational excellence.
Challenges Ahead
- No specific negative guidance points were provided in the report for the full year 2025 outlook.
- Potential for market fluctuations to impact revenue targets.
- Competitive landscape could affect ARR growth.
- Economic uncertainties may influence financial performance.
- Operational challenges could impact profitability targets.
Revenue & Expenses
Visualization of income flow from segment revenue to net income