Earnings Call Summary | OneSpan(OSPN.US) Q1 2024 Earnings Conference
Earnings Call Summary | OneSpan(OSPN.US) Q1 2024 Earnings Conference
The following is a summary of the OneSpan Inc. (OSPN) Q1 2024 Earnings Call Transcript:
以下是OneSpan Inc.(OSPN)2024年第一季度業績電話會議記錄摘要:
Financial Performance:
財務業績:
OneSpan's revenue grew 13% YoY to $65 million in Q1 2024, and adjusted EBITDA was $20 million or 31% of revenue.
The company had strong ARR growth at a rate of 9% YoY to $155 million, exceeding expectations.
Cash generation from operations was at $27 million, ending the quarter with a cash reserve of $63.9 million.
Significant improvement was witnessed in operating income, moving from a loss of $8.1 million in Q1 last year to income of $14.1 million in Q1 2024.
Notably, GAAP Net income per share was $0.35 and Non-GAAP earnings per share were $0.43 in Q1 2024, showing significant improvements compared to losses in the corresponding period last year.
OneSpan的收入在2024年第一季度同比增長13%至6500萬美元,調整後的息稅折舊攤銷前利潤爲2000萬美元,佔收入的31%。
該公司的ARR強勁增長,同比增長9%,達到1.55億美元,超出預期。
運營產生的現金爲2700萬美元,本季度末的現金儲備爲6,390萬美元。
營業收入顯著改善,從去年第一季度的虧損810萬美元增加到2024年第一季度的1,410萬美元收入。
值得注意的是,2024年第一季度的GAAP每股淨收益爲0.35美元,非公認會計准則每股收益爲0.43美元,與去年同期的虧損相比有顯著改善。
Business Progress:
業務進展:
OneSpan followed a successful land-and-expand approach with their Net Retention Rate being at 107% during Q1 2024. This could indicate customer satisfaction and potential for repeat business.
There was significant ACV growth in Security due to the increased demand for their cloud-based authentication solution, OCA.
OneSpan closed $3 million of delayed renewals earlier than anticipated and secured $2 million from multi-year deals it had not originally forecasted.
The company strategically directed investments towards R&D, with a particular focus on FX BIO products for the Workforce Authentication market.
Despite a mixed macro environment, the company saw a successful shift in their operating model with migration of on-prem clients to cloud solutions.
OneSpan遵循了成功的土地擴張方法,其淨留存率在2024年第一季度爲107%。這可能表明客戶滿意度以及回頭客的潛力。
由於對基於雲的身份驗證解決方案OCA的需求增加,安全性方面的ACV顯著增長。
OneSpan比預期提前完成了300萬美元的延遲續約,並從其最初未預測的多年期協議中獲得了200萬美元。
該公司戰略性地將投資引向研發,特別關注勞動力認證市場的FX BIO產品。
儘管宏觀環境喜憂參半,但該公司的運營模式成功轉變,將本地客戶遷移到雲解決方案。
More details: OneSpan IR
更多詳情: OneSpan IR
Tips: For more comprehensive details, please refer to the IR website. The article is only for investors' reference without any guidance or recommendation suggestions.
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譯文內容由第三人軟體翻譯。