Benzinga | Nov 2, 2020 04:40PM EST

Recap: OneSpan Q3 Earnings

Shares of OneSpan (NASDAQ:OSPN) decreased 15.3% in after-market trading after the company reported Q3 results.

Quarterly Results

Earnings per share fell 91.67% year over year to $0.03, which missed the estimate of $0.05.

Revenue of $51,439,000 declined by 35.48% year over year, which missed the estimate of $58,640,000.

Guidance

OneSpan Sees FY20 Sales $203M-$207M Vs. $233.68M Est.; Sees Software & Services Sales of $126M-$128M And Hardware Sales of $77M-$79M

How To Listen To The Conference Call

Date: Nov 02, 2020

Time: 04:30 PM

ET Webcast URL: https://event.on24.com/eventRegistration/EventLobbyServlet?target=reg20.jsp&referrer=https%3A%2F%2Fpro.benzinga.com%2F&eventid=2626051&sessionid=1&key=0066A763C45DBC5E03F2AB8AC15411ED&regTag=&sourcepage=register

Recent Stock Performance

Company's 52-week high was at $33.33

Company's 52-week low was at $10.88

Price action over last quarter: Up 11.46%

Company Profile

OneSpan Inc is a provider of information technology security solutions for banking and financial services and application security markets. Its solutions secure and manage access to digital assets and protect online transactions, via mobile devices and in-person. Authentication and antifraud solutions are the organization's primary product offerings and include multifactor authentication and virtual private network access capabilities. The company derives revenues from hardware and license fees, maintenance and support fees, and subscription fees. A large majority of the firm's revenue is generated in Europe, Middle East and Africa, and the rest in the United States and Asia-Pacific region.