NASDAQ$OSPN

OneSpan Inc · Q1 2020 earnings

Q1 2020 earnings · · Investor relations

Briefing

Reported a revenue increase driven by software growth and recurring revenue.

OneSpan reported a 19% increase in total revenue to $56.5 million for Q1 2020. Software revenue grew by 90%, and recurring revenue increased by 62%. GAAP earnings per share was $0.00, and non-GAAP earnings per share was $0.08.

  • Total revenue grew 19% to $56.5 million.
  • Software revenue grew 90% to $24.4 million.
  • Recurring revenue grew 62% to $26 million.
  • GAAP earnings per share of $0.00 and Non-GAAP earnings per share of $0.08.

Headline financials

Total Revenue

$56.5M

Previous: $47.6M+18.7%
EPS (adj)

$0.08

Previous: -$0.07+214.3%
Adjusted EBITDA

$5.3M

Previous: -$2.2M+340.9%
Subscription Revenue

$5.83M

Previous: $5.25M+11.0%
Capital Expenditures

-$1.52M

Previous: -$176K-761.4%
Free Cash Flow

-$1.42M

Previous: -$5.85M+75.7%
Net Income

$98K

Previous: -$5.67M+101.7%
Operating Income

$947K

Previous: -$5.53M+117.1%
Gross Profit

$40.4M

Previous: $31.6M+28.0%
Cash & Equivalents

$79.6M

Previous: $69.9M+13.9%
Total Assets

$377M

Previous: $355M+6.1%

Revenue & EPS history

OneSpan · Revenue · Quarterly

$56.5M

Q1 2020+18.7%vs Q1 2019
Beat estimate in 10 of 16 quarters(63%)
ActualEstimate

Revenue by segment

OneSpan · $58.8M total across 2 segments · Q3 2023

  • Security Solutions
    $45.8M+2.0%
  • Digital Agreements
    $13M+6.7%

Forward guidance

OneSpan expects revenue to be in the range of $255 million to $265 million, and Adjusted EBITDA in the range of $24 million to $28 million for the full year 2020.

Tailwinds

  • Revenue in the range of $255 million to $265 million.
  • Revenue in the range of $255 million to $265 million.
  • Adjusted EBITDA in the range of $24 million to $28 million.
  • Adjusted EBITDA in the range of $24 million to $28 million.

Historical earnings impact

How earnings announcements have historically affected this stock's price.

Avg. return before/after earnings

Based on 20 quarterly earnings reports · overlaid with Q1 2020

Historical avgQ1 2020

+1.2%

Avg return

Earnings day

-1.2%

Avg return

5 days after

+2.2%

Avg return

30 days after

45%

29 / 65 earnings

Positive

+35.6%

Q3 2014

Best reaction

-37.0%

Q2 2020

Worst reaction

Earnings price reactions
QuarterReport dateReaction (Day 0)+5 days+30 days
Q1 2026+0.8%+4.0%+25.7%
Q4 2025-2.7%-7.4%-10.7%
Q3 2025-20.3%-20.3%-21.3%
Q1 2025+2.4%+6.5%+8.7%
Q4 2024-1.1%+2.8%-4.7%
Q3 2024+11.9%+11.9%+21.5%
Q2 2024-1.9%+0.5%+8.9%
Q1 2024+13.5%+10.7%+20.6%
Q4 2023+24.5%+1.3%+20.5%
Q3 2023+9.7%+18.1%+20.3%
Q2 2023-20.5%-15.3%-14.8%
Q1 2023-0.3%+5.4%+16.7%
Q4 2022+26.0%+43.0%+28.2%
Q3 2022+5.8%+6.0%+22.5%
Q2 2022-1.3%-2.5%-2.0%
Q1 2022+1.3%-15.5%-3.4%
Q4 2021-18.3%-15.7%-11.3%
Q3 2021+3.4%+2.6%-17.0%
Q2 2021-25.1%-24.6%-22.9%
Q1 2021-2.6%-2.4%-3.6%
Q4 2020-4.9%-7.6%-4.0%
Q3 2020-17.0%-13.1%-7.4%
Q2 2020-37.0%-36.5%-31.0%
Q1 2020+17.6%+20.3%+26.4%
Q4 2019+10.5%-9.0%+4.5%
Q3 2019+25.5%+20.8%+20.2%
Q2 2019-5.8%-8.7%-15.2%
Q1 2019-16.6%-18.9%-24.4%
Q4 2018+19.6%+25.2%+24.1%
Q3 2018-12.8%-8.5%-1.1%
Q2 2018-9.1%-20.1%-9.8%
Q1 2018+19.9%+24.8%+27.5%
Q4 2017-12.2%-11.5%-7.9%
Q3 2017+11.2%+12.4%+10.7%
Q2 2017-2.5%-4.3%-13.8%
Q1 2017-1.1%+2.2%+3.3%
Q4 2016-11.8%-13.3%-12.9%
Q3 2016-3.1%-4.9%+6.3%
Q2 2016-4.6%-3.3%+6.9%
Q1 2016-1.0%
Q4 2015-0.4%
Q3 2015+7.6%
Q2 2015-18.6%
Q1 2015+4.2%
Q4 2014-2.8%
Q3 2014+35.6%
Q2 2014+12.8%
Q1 2014+34.4%
Q4 2013+18.6%
Q3 2013+2.1%
Q2 2013-6.5%
Q1 2013-0.2%
Q4 2012+1.0%
Q3 2012+0.1%
Q2 2012+26.5%
Q1 2011-1.7%
Q1 2012+0.0%
Q4 2011+2.2%
Q4 2009+2.2%
Q3 2010-6.6%
Q3 2011-6.6%
Q4 2010-0.6%
Q2 2010-0.6%
Q2 2011-0.6%
Q1 2010+4.2%

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