Recap: OneSpan Q2 Earnings

Shares of OneSpan OSPN moved lower by 28.37% in after-market trading after the company reported Q2 results.

Quarterly Results

Earnings per share were up 100.00% year over year to $0.02, which missed the estimate of $0.04.

Revenue of $54,954,000 declined by 2.28% year over year, which missed the estimate of $57,120,000.

Outlook

OneSpan hasn't issued any earnings guidance for the time being.

Revenue guidance hasn't been issued by the company for now.

Conference Call Details

Date: Aug 11, 2020

Time: 04:30 PM

ET Webcast URL: https://event.on24.com/eventRegistration/EventLobbyServlet?target=reg20.jsp&referrer=https%3A%2F%2Fpro.benzinga.com%2Fdashboard%2F&eventid=2469862&sessionid=1&key=269BD62A97CCF67026C2317B582A25F3&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 63.78%

Company Overview

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.