OneSpan Reports Results for First Quarter 2020; Reiterates Full Year 2020 Guidance
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OneSpan Inc. (OSPN) Tops Q1 EPS by 11.3c, Revenues Beat; Offers FY20 Revenue Mid-Point Guidance Above Consensus
May 5, 2020 4:51 PM EDTOneSpan Inc. (NASDAQ: OSPN) reported Q1 EPS of $0.083, $0.113 better than the analyst estimate of ($0.03). Revenue for the quarter came in at $56.5 million versus the consensus estimate of $50.35 million.
First Quarter 2020 Financial Highlights
Revenue for the first quarter of 2020 was $56.5 million, an increase of 19% from $47.6 million for the first quarter of 2019.Gross Profit for the first quarter of 2020 was $40.4 million, compared to $31.6 million for the first quarter of 2019. Gross margin for the first quarter of 2020... More