NASDAQ$OSPN

OneSpan Inc · Q4 2019 earnings

Q4 2019 earnings · · Investor relations

Briefing

Reported an impressive fourth quarter with software license revenue up and exceeded full year 2019 financial guidance.

OneSpan Inc. reported financial results for the fourth quarter and full year ended December 31, 2019. Total revenue increased 10% to $71.0 million and software revenue grew 63% to $25.5 million.

  • Total revenue up 10% to $71.0 million
  • Software revenue grew 63% to $25.5 million
  • Adjusted EBITDA of $13.3 million
  • Non-GAAP earnings per share of $0.24

Headline financials

Total Revenue

$71M

Previous: $64.8M+9.6%
EPS (adj)

$0.24

Previous: $0.17+41.2%
Subscription Revenue

$6.11M

No prior period
Capital Expenditures

$3.26M

Previous: $275K+1084.4%
Free Cash Flow

$28.6M

Previous: $10.2M+182.1%
Net Income

$5.05M

Previous: $3.96M+27.4%
Operating Income

$5.89M

Previous: $4.1M+43.7%
Gross Profit

$49.6M

Previous: $42.2M+17.5%
Cash & Equivalents

$84.3M

Previous: $76.7M+9.9%
Total Assets

$385M

Previous: $353M+9.0%
Stock-Based Comp

$1.59M

Previous: $1.06M+50.4%

Revenue & EPS history

OneSpan · Revenue · Quarterly

$71M

Q4 2019+9.6%vs Q4 2018
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 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.

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 Q4 2019

Historical avgQ4 2019

+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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