Trade OneSpan Inc - OSPN CFD

OneSpan Company profile

About Onespan Inc

OneSpan Inc. designs, develops and markets digital solutions for identity, security, and business productivity that protect and facilitate electronic transactions via mobile and connected devices. The Company provides digital identity and anti-fraud solutions to financial institutions and other businesses. Its solutions secure access to online accounts, data, assets, and applications for global enterprises; provide tools for application developers to integrate security functions into their Web-based and mobile applications and facilitate end-to-end financial agreement automation, including digital identity verification, electronic signature and electronic notarization. Its identity platform technologies include Identity Verification, Cloud Authentication, Intelligent Adaptive Authentication and Risk Analytics, along with mobile application security, transaction signing and various other multi-factor authentication technologies. It also offers cloud based and on-premises solutions.

Financial summary

BRIEF: For the fiscal year ended 31 December 2021, Onespan Inc revenues decreased 1% to $214.5M. Net loss increased from $5.5M to $30.6M. Revenues reflect Software licenses segment decrease of 20% to $40.9M, Hardware products segment decrease of 3% to $79.5M, Europe/Middle East/Africa segment decrease of 10% to $104.9M, Asia Pacific segment decrease of 10% to $41M. Higher net loss reflects General and administrative increase of 14% to $53M (expense).

Equity composition

Common Stock $.001 Par, 04/11, 75M auth., 37,746,616 issd. Insiders own 25.84%. 7/98, Company formed through an exchange offer between VASCO Corp. and VASCO Data Security International, Inc. (Basis: 1-for-1). 4/00, Exchange changed from Pink Sheets to NASDAQ.