Brief: Onespan Reports Q1 GAAP Loss Per Share Of $0.23

Onespan

04/05/2021 22:02

May 4 (Reuters) - OneSpan Inc  OSPN.O :
    * ONESPAN REPORTS RESULTS FOR FIRST QUARTER 2021; REAFFIRMS
FULL
YEAR 2021 GUIDANCE
    * Q1 NON-GAAP LOSS PER SHARE $0.16
    * Q1 GAAP LOSS PER SHARE $0.23
    * Q1 REVENUE FELL 10 PERCENT TO $50.8 MILLION
    * QTRLY ANNUAL RECURRING REVENUE (ARR) GREW 29% TO $108.5
MILLION
    * SEES 2021 TOTAL REVENUE IN RANGE OF $215 MILLION TO $225
MILLION
    * SEES 2021 RECURRING REVENUE IN RANGE OF $120 MILLION TO
$125
MILLION
    * SEES 2021 ARR GROWTH OF 22% TO 26%
    * EXPECT PROFITABILITY TO IMPROVE IN Q2
    * SECOND HALF 2021 REVENUE IS EXPECTED TO EXCEED FIRST HALF
REVENUE
    * IN Q2 OF 2021, WE EXPECT ARR GROWTH OF 25% - 30%
    * FY2021 REVENUE VIEW $220.7 MILLION -- REFINITIV IBES DATA
    * Q1 EARNINGS PER SHARE VIEW $-0.08, REVENUE VIEW $49.1
MILLION --
REFINITIV IBES DATA

Source text for Eikon:  ID:nBw8sxhzSa 
Further company coverage:  OSPN.O 

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