OneSpan Inc. (OSPN) Q3 2024 Earnings Call Transcript Summary
OneSpan Inc. (OSPN) Q3 2024 Earnings Call Transcript Summary
Subscription revenue grew 29%, now 60% of total revenue.The following is a summary of the OneSpan Inc. (OSPN) Q3 2024 Earnings Call Transcript:
以下是OneSpan公司(OSPN) 2024年第三季度業績會備忘錄摘要：
Financial Performance:
金融業績：
Adjusted EBITDA was $17 million, 30% of revenue, marking a profitable quarter.
Subscription revenue grew 29%, now 60% of total revenue.
調整後的EBITDA爲1700萬美元，佔營業收入的30%，標誌着一個盈利的季度。
訂閱營業收入增長了29%，現在佔總營業收入的60%。
Business Progress:
業務進展：
Achieved $18 million in annualized cost savings, exceeding targets.
Investments in SaaS offerings boosting gross margins.
實現了1800萬美元的年化成本節約，超過目標。
對saas-雲計算業務的投資推動毛利率提升。
Opportunity:
機會：
Expansion in subscription revenue with robust customer growth in key segments.
Transitioning to software and subscription models, especially in security solutions.
通過關鍵領域客戶增長，訂閱營收擴大。
轉向軟件和訂閱模式，尤其是安防解決方案。
Risk:
風險：
Anticipated further decline in hardware revenue due to market shift towards mobile authentication.
Potential short-term impacts on ARR from sunsetting low ROI products.
由於市場轉向移動身份驗證，預計硬件營收進一步下降。
由於逐步淘汰回報率低的產品，對ARR可能會產生短期影響。
Financial Performance:
金融業績：
Adjusted EBITDA was $17 million or 30% of revenue, marking a profitable quarter for OneSpan.
Subscription revenue grew by 29%, accounting for 60% of total revenue.
Total software and services revenue grew by 10%, comprising 78% of total revenue.
Annual Recurring Revenue (ARR) grew by 9%, in line with the company's guidance.
Despite overall revenue decrease by 4% primarily due to a decline in hardware sales, as anticipated in previous communications.
Strong operating cash generation with $14 million in Q3 and $43 million year-to-date, an improvement from the previous year.
調整後的EBITDA爲1700萬美元，佔營業收入的30%，OneSpan取得盈利季度。
訂閱營收增長了29%，佔總營收的60%。
軟件和服務的總營業收入增長了10%，佔總營業收入的78%。
年度循環營收（ARR）增長了9%，與公司的指導一致。
儘管由於硬件銷售下滑而導致整體營業收入下降4%，如前期通信中預期的那樣。
強勁的現金營運產生，Q3爲1400萬美元，截至目前爲4300萬美元，較去年有所改善。
Business Progress:
業務進展：
Both business units, Digital Agreements and Security, were profitable.
Significant cost reduction initiatives were substantially completed, achieving $18 million in annualized cost savings year-to-date, exceeding the target.$1.5
Positive shifts towards higher-margin software revenues, with ongoing transitions to subscription models.
Continued focus on operational excellence, improving both operating efficiency and profitability.
Investments in SaaS offerings are yielding higher gross margins.
Seasonal strength expected in Q4 for bookings.
數字協議和安防-半導體兩個業務部門均盈利。
重要的成本削減舉措基本完成，實現了1800萬美元的年度成本節省，超過了目標。1.5億
向利潤率較高的軟件營收積極轉變，持續過渡至訂閱模式。
持續專注於運營卓越，改善運營效率和盈利能力。
對saas-雲計算產品的投資正在帶來更高的毛利率。
預計Q4的訂購將迎來季節性增長。
Opportunities:
機會：
Strong push towards subscription revenue, showing robust expansion in existing agreements and adding new customers in both Digital Agreements and Security segments.
Emphasis on operational efficiencies throughout the company, contributing to higher profitability.
Potential growth in software-based revenue streams, particularly in security solutions which are transitioning towards more software and subscription models.
強調向訂閱收入的大力推動，在數字協議和安防-半導體業務領域現有協議擴展和吸納新客戶，顯示出強勁的增長。
公司全面強調運營效率，有助於盈利水平的提高。
軟件營收流的潛在增長，特別是在安防-半導體解決方案中，正在向更多軟件和訂閱模式過渡。
Risks:
風險：
Anticipated continued decline in hardware revenue aligning with market shifts towards mobile authentication platforms.
Potential fluctuations in ARR due to sunsetting of low ROI products that could impact short-term revenue and ARR figures.
預計硬件營業收入持續下降，與市場向移動認證平台轉變趨勢一致。
由於低迴報率產品逐漸退出市場可能對短期營業收入和ARR數據產生波動。
Tips: For more comprehensive details, please refer to the IR website. The article is only for investors' reference without any guidance or recommendation suggestions.
提示：如需更全面的詳情，請參閱投資人關係網站。本文僅供投資者參考，不作任何指引或建議。
譯文內容由第三人軟體翻譯。
