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OneSpan Inc. (OSPN)

Income Statement Business | Product | Geographic

Standardized | As Reported Annual | Quarterly | TTM
  Older >>
In millions, except per share itemsDec-31-22Dec-31-21Dec-31-20Dec-31-19Dec-31-18Dec-31-17Dec-31-16Dec-31-15
   10-K10-K10-K10-K10-K10-K10-K10-K
Revenues:  
    Digital Agreements  48.440.629.6     
    Security Solutions  170.6173.9186.1     
    Subscription  89.268.552.4     
Total revenues   [+]219.0214.5215.7253.5211.3193.3192.3241.4
            Revenue growth   [+]2.1%-0.6%-14.9%19.9%9.3%0.5%-20.4%19.8%
Cost of goods sold  70.471.567.685.664.858.861.697.9
Gross profit  148.6142.9148.1167.8146.5134.5130.7143.5
            Gross margin  67.8%66.6%68.6%66.2%69.3%69.6%67.9%59.5%
Selling, general and administrative   [+]116.5115.8103.0101.7105.496.489.070.7
Research and development  41.747.441.242.532.223.123.217.5
Other operating expenses      9.98.88.84.9
EBITDA   [+]-6.7-17.26.725.711.216.820.456.8
            EBITDA margin  -3.1%-8.0%3.1%10.2%5.3%8.7%10.6%23.5%
Depreciation  3.03.02.92.112.110.610.81.4
EBITA  -9.7-20.23.823.7-0.96.29.655.4
            EBITA margin  -4.4%-9.4%1.8%9.3%-0.4%3.2%5.0%22.9%
Amortization of intangibles  4.15.99.19.5   4.9
EBIT   [+]-13.8-26.1-5.314.2-0.96.29.650.5
            EBIT margin  -6.3%-12.2%-2.4%5.6%-0.4%3.2%5.0%20.9%
Non-recurring items   [+]13.3       
Interest income, net   [+]0.60.00.40.71.31.40.80.4
Other income (expense), net   [+]14.80.01.4-0.52.30.81.00.0
Pre-tax income  -11.7-26.1-3.414.42.68.411.450.9
Income taxes  2.74.42.06.5-0.430.80.98.7
            Tax rate     45.4% 367.3%7.6%17.1%
Net income  -14.4-30.6-5.57.93.0-22.410.542.2
            Net margin  -6.6%-14.3%-2.5%3.1%1.4%-11.6%5.5%17.5%
   
Basic EPS   [+]($0.36)($0.77)($0.14)$0.20$0.08($0.56)$0.26$1.07
Diluted EPS   [+]($0.36)($0.77)($0.14)$0.20$0.08($0.56)$0.26$1.06
   
Shares outstanding (basic)   [+]40.139.640.040.139.939.839.739.6
Shares outstanding (diluted)   [+]40.139.640.040.140.039.839.839.7
   
EBIT is a non-GAAP figure that excludes all non-recurring expenses: restructuring costs, asset impairments, IPR&D writeoffs, and other unusual charges.  

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