NASDAQ$OSPN
OneSpan Inc · Q1 2022 earnings
Q1 2022 earnings · · Investor relations
Briefing
Reported financial results with revenue increase and positive adjusted EBITDA
OneSpan reported a solid first quarter with a 3% increase in total revenue, driven by a 22% growth in recurring revenue and a 21% increase in ARR. The company's GAAP net income was $5.2 million, and adjusted EBITDA was $0.2 million.
- Total revenue grew 3% year-over-year to $52.4 million.
- Recurring revenue grew 22% year-over-year to $35.2 million.
- ARR grew 21% year-over-year to $130.7 million.
- GAAP net income was $5.2 million.
Headline financials
Revenue & EPS history
OneSpan · Revenue · Quarterly
$52.4M
Revenue by segment
OneSpan · $58.8M total across 2 segments · Q3 2023
- Security Solutions$45.8M+2.0%77.9%
- Digital Agreements$13M+6.7%22.1%
Forward guidance
OneSpan expects revenue to meet or exceed full year 2021 revenue. The company is finalizing its review of its full year 2022 adjusted EBITDA outlook and will provide an update at its investor day on May 17.
Tailwinds
- Revenue to meet or exceed full year 2021 revenue.
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 2022
+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
| Quarter | Report date | Reaction (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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