Press release
OneSpan Reports Results for Fourth Quarter 2021 and Full Year 2021
Fourth Quarter Financial Results Q4 Total revenue grew 12% year-over-year to $59.2 million Q4 Recurring revenue grew 4% year-over-year to $31.6 million1 Q4
About this update from Onespan Inc.
[{"type":"text","content":"\nFourth Quarter Financial Results\n\n\nQ4 Total revenue grew 12% year-over-year to $59.2 million\n\n\nQ4 Recurring revenue grew 4% year-over-year to $31.6 million1\n\n\nQ4 Annual Recurring Revenue (ARR) grew 20% year-over-year to $125.0 million2\n\n\nQ4 Dollar-based net expansion (DBNE) of 115%3\n\n\nQ4 GAAP net loss of $13.8 million\n\n\nQ4 Adjusted EBITDA of $(0.6) million4\n\n\nQ4 GAAP loss per diluted share of $0.35; Q4 Non-GAAP loss per diluted share of $0.244\n\n \n\n\n\nFull Year Financial Results\n\n\nFY Total revenue declined 1% year-over-year to $214.5 million\n\n\nFY Recurring revenue grew 18% year-over-year to $119.8 million1\n\n\nFY GAAP net loss of $30.6 million\n\n\nFY Adjusted EBITDA of $(5.1) million4\n\n\nFY GAAP loss per diluted share of $0.77; FY Non-GAAP loss per diluted share of $0.414 \n\n\n CHICAGO--(BUSINESS WIRE)--\nOneSpan Inc. (NASDAQ: OSPN), a global leader in identity verification and e-signatures today reported financial results for the fourth quarter and year ended December 31, 2021.\n\n“We are pleased with the strong momentum we finished the year with – exceeding our expectations for revenue, ARR and adjusted EBITDA,” stated OneSpan CEO, Matt Moynahan. “As I look ahead to 2022, I am encouraged by the strength in our solutions and market position, as well as the potential to enhance our operations and go-to-market strategy. We are making significant progress on our long-term strategic plan and I look forward to discussing opportunities for both growth and shareholder value creation at our upcoming investor day in the second quarter.”\n\nFourth Quarter and Full Year 2021 Financial Highlights\n\n\nRevenue for the fourth quarter of 2021 was $59.2 million, an increase of 12% from $52.9 million for the fourth quarter of 2020. Revenue for the year ended 2021 was $214.5 million, a decrease of 1% from $215.7 million for the year ended 2020.\n\n\nGross profit for the fourth quarter of 2021 was $37.5 million and $142.9 million for the year ended 2021. Gross profit for the fourth quarter of 2020 was $38.2 million and $148.1 million for the year ended 2020. Gross margin for the fourth quarter of 2021 was 63% and for the year ended 2021 was 67%. Gross margin for the fourth quarter of 2020 was 72% and for the year ended 2020 was 69%.\n\n\nGAAP operating loss for the fourth quarter of 2021 was $6.0 million, and...