Press release
OneSpan to Provide Strategic Transformation Update
Plans to Accelerate Growth at Investor Day CHICAGO--(BUSINESS WIRE)-- OneSpan Inc. (NASDAQ: OSPN), a global leader in digital identity verification and
About this update from Onespan Inc.
[{"type":"text","content":"\nPlans to Accelerate Growth at Investor Day\n\n CHICAGO--(BUSINESS WIRE)--\nOneSpan Inc. (NASDAQ: OSPN), a global leader in digital identity verification and e-signatures, will provide an update on its strategic plan to transform the Company and accelerate growth during its Investor Day today, which begins at 9:00 a.m. ET. During presentations to investors and analysts, OneSpan CEO, Matt Moynahan, and other members of the executive team will discuss the Company’s growth plans and present its three-year financial targets. In addition, OneSpan affirms its full year 2022 revenue guidance which is expected to meet or exceed its full year 2021 revenue. OneSpan plans to increase its investments in the second half of 2022 to help accelerate revenue growth beginning in 2023. Adjusted EBITDA for the full year 2022 is expected to be in the range of $(5) million to $(7) million. For the full year 2022, OneSpan expects ARR growth to be in the range of 16% to 18%.\n\nThe live webcast of OneSpan’s investor day will be available on the Company’s website at: investors.onespan.com. A replay, as well as a copy of the presentation materials used will be available following the event.\n\nOneSpan helps protect the world from digital fraud by establishing trust in people’s identities, the devices they use, and the transactions they execute. OneSpan’s security solutions significantly reduce digital transaction fraud and enable regulatory compliance for more than half of the top 100 global banks and thousands of financial institutions around the world. Whether automating agreements with identity verification and e-signatures, reducing fraud using advanced analytics, or transparently securing financial transactions, OneSpan helps lower costs and accelerate customer acquisition while improving the user experience. Learn more at OneSpan.com.\n\nForward Looking Statements\n\nThis press release contains forward-looking statements within the meaning of applicable U.S. securities laws, including statements regarding our growth initiatives and market expectations, the potential benefits, performance and functionality of our products and solutions, the strategies relating to our business and the future of our business and our expectations regarding our financial and operational performance in the future, Forward-looking statements may be identified by words su...