OneSpan (OSPN) Q3 2024 Earnings Report Highlights Operational Improvements and Revenue Mix Shift
OneSpan (OSPN) reported Q3 2024 earnings with adjusted EBITDA of $16.7 million and a 29.7% margin, driven by operational efficiencies and cost reductions. Subscription revenue grew 29% to $33.6 million, now 60% of total revenue, while overall revenue declined 4% YoY due to a drop in hardware sales. The company also noted a 73.9% gross margin and a strong cash position of $77.5 million.
Tickers: $OSPN
Topics: ARR earnings EBITDA financial results operational efficiencies recurring revenue revenue