Brief: Onespan Inc. Announces Leadership Change

Onespan

05/01/2024 13:57

Jan 5 (Reuters) - Onespan Inc  OSPN.O :
    * ANNOUNCES LEADERSHIP CHANGE
    * VICTOR LIMONGELLI, A SEASONED SOFTWARE CEO, HAS BEEN NAMED
INTERIM CHIEF EXECUTIVE OFFICER.
    * LIMONGELLI REPLACES MATTHEW MOYNAHAN, WITH CHANGE
EFFECTIVE
IMMEDIATELY.
    * EXPECT FISCAL YEAR 2023 REVENUE WILL BE AT HIGH END OF
PREVIOUSLY DISCLOSED RANGE OF $228 MILLION TO $232 MILLION
    * SEES FISCAL YEAR 2023 ADJUSTED EBITDA WILL ACHIEVE OR
EXCEED
HIGH END OF PREVIOUSLY DISCLOSED RANGE OF $2 MILLION TO $4
MILLION
    * REITERATING FISCAL YEAR 2023 ARR GUIDANCE OF $148 MILLION
TO
$152 MILLION
    * REITERATING FISCAL YEAR 2024 REVENUE TARGET OF LOW- TO
MID-SINGLE DIGITS GROWTH OVER 2023 REVENUE
    * EXPECT A CASH, CASH EQUIVALENTS, AND SHORT-TERM
INVESTMENTS
BALANCE OF $41 MILLION TO $43 MILLION AT YEAR-END 2023
    * FY2023 REVENUE VIEW $229.8 MILLION -- LSEG IBES DATA

Source text for Eikon:  ID:nBw52Dg64a 
Further company coverage:  OSPN.O 

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