Core Insights - U.S. stock futures showed a mostly positive trend, with Nasdaq futures increasing by over 1% on Friday [1] - Roku Inc experienced a significant decline in pre-market trading following its third-quarter earnings report [1] Company Performance - Roku reported third-quarter net revenue of $1.211 billion, reflecting a 14% year-over-year increase, surpassing the Street consensus estimate of $1.206 billion [2] - The platform revenue for Roku was $1.06 billion, up 17% year-over-year, while device revenue decreased by 5% to $146 million [2] - Roku shares fell by 5% to $94.99 in pre-market trading following the earnings report [2] Other Companies in Focus - SPS Commerce Inc saw a 32.1% drop in shares to $70.57 after mixed third-quarter results and lower fourth-quarter guidance [4] - Corbus Pharmaceuticals Holdings Inc's shares fell 16.4% to $13.74 due to a public offering announcement [4] - Onespan Inc's shares decreased by 16.1% to $13.02 after reporting disappointing third-quarter sales and lowering FY25 guidance [4] - Savers Value Village Inc's shares dipped 15% to $11.25 following worse-than-expected third-quarter sales and lowered FY25 GAAP EPS guidance [4] - GSI Technology, Inc. shares fell 14.1% to $9.50 after second-quarter results [4] - Newell Brands Inc's shares declined 13.1% to $4.10 due to downbeat third-quarter results and lowered FY25 guidance [4] - DexCom Inc's shares fell 12.1% to $59.97 after announcing third-quarter results [4] - Site Centers Corp's shares declined 11.2% to $7.44 ahead of its third-quarter earnings release [4] - Aptiv PLC shares fell 7.6% to $75.88 [4] - Ventas Inc shares declined 7.5% to $68.77 [4] - Cooper-Standard Holdings Inc's shares fell 6.3% to $33.52 after reporting disappointing third-quarter results and lowering FY25 sales guidance [4]

Core Insights - U.S. stock futures showed a mostly positive trend, with Nasdaq futures increasing by over 1% on Friday [1] - Roku Inc experienced a significant decline in pre-market trading following its third-quarter earnings report [1] Company Performance - Roku reported third-quarter net revenue of $1.211 billion, reflecting a 14% year-over-year increase, surpassing the Street consensus estimate of $1.206 billion [2] - The company's platform revenue reached $1.06 billion, up 17% year-over-year, while devices revenue fell to $146 million, down 5% year-over-year [2] - Roku shares dropped 5% to $94.99 in pre-market trading following the earnings announcement [2] Other Company Movements - SPS Commerce Inc saw a 32.1% decline in pre-market trading to $70.57 after mixed third-quarter results and lower fourth-quarter guidance [4] - Corbus Pharmaceuticals Holdings Inc's shares fell 16.4% to $13.74 due to a public offering announcement [4] - Onespan Inc's shares decreased by 16.1% to $13.02 after reporting disappointing third-quarter sales and lowering FY25 guidance [4] - Savers Value Village Inc's shares dipped 15% to $11.25 following worse-than-expected third-quarter sales and lowered FY25 GAAP EPS guidance [4] - GSI Technology, Inc. shares fell 14.1% to $9.50 after second-quarter results [4] - Newell Brands Inc's shares declined 13.1% to $4.10 due to downbeat third-quarter results and lowered FY25 guidance [4] - DexCom Inc's shares dropped 12.1% to $59.97 after announcing third-quarter results [4] - Site Centers Corp's shares declined 11.2% to $7.44 ahead of its third-quarter earnings release [4] - Aptiv PLC and Ventas Inc saw declines of 7.6% to $75.88 and 7.5% to $68.77, respectively [4] - Cooper-Standard Holdings Inc's shares fell 6.3% to $33.52 after reporting disappointing third-quarter results and lowering FY25 sales guidance [4]

Group 1: Amazon's Financial Performance - Amazon reported third-quarter net sales of $180.2 billion, representing a 13% year-over-year increase, surpassing the Street consensus estimate of $177.8 billion [1] - The company anticipates fourth-quarter net sales to be between $206.0 billion and $213.0 billion, indicating a year-over-year growth of 10% to 13% [1] Group 2: Stock Movements - Amazon shares increased by 12.5% to $250.79 in pre-market trading following the positive financial results [2] - Other notable stock movements included DEFSEC Technologies Inc gaining 74.3%, Beneficient surging 46%, and Medicinova Inc rising 37.7% in pre-market trading [5]

Group 1 - The article does not provide any specific content related to a company or industry [1]

Group 1 - The article does not provide any relevant content regarding company or industry insights [1]

Core Insights - OneSpan (OSPN) reported quarterly earnings of $0.33 per share, exceeding the Zacks Consensus Estimate of $0.28 per share, with an earnings surprise of +17.86% [1] - The company posted revenues of $57.06 million for the quarter ended September 2025, missing the Zacks Consensus Estimate by 2.23% [2] - OneSpan has surpassed consensus EPS estimates three times over the last four quarters but has not beaten revenue estimates during the same period [2] Earnings Performance - The earnings report indicates a consistent performance with earnings of $0.33 per share compared to the same quarter last year [1] - The company had a previous quarter earnings surprise of +25.93%, with actual earnings of $0.34 per share against an expected $0.27 [1] Stock Performance - OneSpan shares have declined approximately 18.2% year-to-date, contrasting with the S&P 500's gain of 17.2% [3] - The stock currently holds a Zacks Rank 3 (Hold), suggesting it is expected to perform in line with the market in the near future [6] Future Outlook - The current consensus EPS estimate for the upcoming quarter is $0.35, with projected revenues of $67.72 million, and for the current fiscal year, the estimate is $1.44 on revenues of $249.3 million [7] - The outlook for the industry, particularly the Internet - Software sector, is favorable, ranking in the top 30% of Zacks industries, which historically outperforms the bottom 50% by more than 2 to 1 [8]

Financial Data and Key Metrics Changes - Total revenue grew 1% to $57 million, driven by double-digit organic subscription revenue growth, primarily offset by a reduction in security hardware revenue [11][15] - Annual recurring revenue (ARR) increased 10% to $180 million [9][15] - Adjusted EBITDA was $17.5 million, or 31% of revenue, with record adjusted EBITDA of $58 million for the first nine months of the year, representing 32% of revenue [9][12] Business Line Data and Key Metrics Changes - Software business, now over 80% of overall business, delivered double-digit subscription revenue growth and ARR growth [5][9] - Subscription revenue grew 12%, led by 13% growth in security and 11% growth in digital agreements [11][16] - Digital agreements ARR grew 8% to $65 million, with revenue growing 9% to $16.7 million [19] Market Data and Key Metrics Changes - Revenue mix was 46% from the Americas, 38% from EMEA, and 17% from APAC, compared to 39%, 40%, and 21% respectively in the same quarter last year [20] - Strong performance noted in North America and Latin America, while EMEA and APAC experienced declines in hardware revenues [10][21] Company Strategy and Development Direction - Company is focused on enhancing its product portfolio through internal development, acquisitions, and strategic partnerships [8][13] - The acquisition of Knock Knock Labs and investment in ThreatFabric are aimed at improving product offerings and driving future growth [6][12] - Company aims to achieve a Rule of 40 performance level while maintaining strong profitability and cash generation [9][13] Management's Comments on Operating Environment and Future Outlook - Management acknowledged challenges in the hardware business and lower activity in net expansions, particularly in EMEA and APAC [30][32] - The company updated its revenue guidance for 2025 to a range of $239 million to $241 million, reflecting a modest decline from previous expectations [23][24] - Management remains optimistic about future growth driven by software and services, with expectations for continued improvement in subscription revenue [50][51] Other Important Information - The company returned over $20 million to shareholders in the first nine months of 2025 through share repurchases and dividends [12][13] - The strategic focus remains on mobile authentication and the adoption of FIDO2 protocols, with expectations for significant growth in these areas [6][44] Q&A Session Summary Question: What led to the scale back on revenue and ARR guidance? - Management noted higher headwinds in the hardware business and lower activity in net expansions, particularly in EMEA [30][31] Question: Is the decline in hardware demand a long-term trend? - Management confirmed a long-term shift away from hardware tokens towards mobile authentication, with expectations that hardware will not disappear entirely [35][36] Question: How should gross margin be viewed moving forward? - Management expects gross margin to remain similar to last year's Q4, around 73% [38][39] Question: What products are expected to drive growth in the next 12 to 24 months? - Management highlighted the importance of FIDO2 and mobile authentication technologies as key growth areas [44][45] Question: What is the visibility on late-stage deals and pipeline for Q4? - Management expressed confidence in the Q4 ARR guidance, citing improved visibility and a positive sales environment [66][72] Question: Is the revenue and ARR cut related to gross churn or lower new logos? - Management indicated that the cut was primarily due to lower activity in net expansions, with hardware also contributing to the decline [77][79]

Revenue Performance - Security Solutions subscription revenue grew by 13% and Digital Agreements subscription revenue grew by 11% for the three months ended September 30, 2025, compared to the same period in 2024[126]. - Total revenue for Security Solutions decreased by 1% and 3% for the three and nine months ended September 30, 2025, respectively, due to a shift towards mobile authentication solutions[127]. - For the three months ended September 30, 2025, total revenue was $57.056 million, a slight decrease from $56.242 million in the same period of 2024[161][162]. - For the nine months ended September 30, 2025, total revenue was $180.265 million, compared to $182.008 million for the same period in 2024[162][164]. - Security Solutions segment revenue for the three months ended September 30, 2025, was $40.322 million, while Digital Agreements segment revenue was $16.734 million[161]. - Security Solutions segment revenue for the nine months ended September 30, 2025, was $132.270 million, while Digital Agreements segment revenue was $47.995 million[162]. - Total revenue increased by $0.8 million, or 1%, for the three months ended September 30, 2025, compared to the same period in 2024, while revenue decreased by $1.7 million, or 1%, for the nine months ended September 30, 2025[169]. Profitability and Margins - Gross profit for the three months ended September 30, 2025, was $42.003 million, with a gross margin of 74%[161]. - Operating income for the three months ended September 30, 2025, was $8.227 million, compared to $11.252 million in the same period of 2024[161][162]. - Security Solutions gross profit decreased by $0.5 million, or 2%, during the three months ended September 30, 2025, with a gross margin of 74%[184]. - Digital Agreements operating income for Q3 2025 was $4.2 million, an increase from $3.4 million in Q3 2024, driven by higher gross profit and lower operating expenses[197]. - Adjusted EBITDA for the three months ended September 30, 2025, was $17.5 million, compared to $17.0 million for the same period in 2024, driven by lower costs of goods sold[226]. - For the nine months ended September 30, 2025, Adjusted EBITDA was $58.2 million, an increase from $53.4 million in the same period of 2024[226]. Expenses and Restructuring - The company incurred restructuring charges of approximately $0.1 million to $0.2 million related to the 2023 Actions for the remainder of 2025[133]. - The company reduced headcount by approximately 341 positions as part of the restructuring plan[135]. - Operating expenses included $3.4 million and $2.7 million related to stock-based and long-term incentive plans for the three months ended September 30, 2025, and 2024, respectively[145]. - Operating expenses increased by $3.5 million, or 11%, during the three months ended September 30, 2025, with a negative impact from foreign exchange rates of approximately $0.5 million[182]. - Sales and marketing expenses for Q3 2025 increased by $1.3 million, or 12%, compared to Q3 2024, primarily due to higher employee compensation costs[185]. - Research and development expenses for Q3 2025 increased by $1.3 million, or 17%, compared to Q3 2024, driven by higher compensation and consulting costs related to the acquisition of Nok Nok Labs[187]. - General and administrative expenses for Q3 2025 increased by $0.8 million, or 7%, compared to Q3 2024, largely due to increased stock-based compensation and director fees[189]. - Restructuring charges for the nine months ended September 30, 2025 decreased by $2.7 million, or 70%, compared to the same period in 2024, due to minimal headcount reduction and vendor rationalization costs[191]. Cash Flow and Investments - Cash and cash equivalents as of September 30, 2025 were $85.6 million, up from $83.2 million at December 31, 2024[199][200]. - Net cash used in investing activities for the nine months ended September 30, 2025 was $20.0 million, compared to $7.3 million for the same period in 2024, primarily due to the acquisition of Nok Nok Labs[209]. - Cash provided by operating activities for the nine months ended September 30, 2025 was $46.9 million, an increase from $43.2 million in the same period in 2024[206]. Acquisitions and Strategic Moves - On June 4, 2025, the company acquired Nok Nok Labs, enhancing its passwordless software authentication solutions[136]. - The company entered into a $100.0 million credit agreement on June 23, 2025, with no borrowings outstanding as of September 30, 2025[137]. Foreign Exchange and Geographic Revenue - Foreign exchange rate changes positively impacted total revenue and Security Solutions revenue by approximately $1.3 million for the three months ended September 30, 2025[129]. - Approximately 79% of revenues for the nine months ended September 30, 2025, were generated outside of the U.S.[154]. - For the nine months ended September 30, 2025, 57% of revenue was denominated in U.S. Dollars, 40% in Euros, and 3% in other currencies[155]. - Revenue generated in the Americas increased by $4.0 million, or 18%, for the three months ended September 30, 2025, primarily driven by software authentication products[173]. - Revenue generated in APAC decreased by $2.3 million, or 19%, for the three months ended September 30, 2025, primarily due to lower hardware volumes[175]. Tax and Income - The effective tax rate reflects a geographic mix of earnings, with statutory tax rates for primary foreign jurisdictions ranging from 17% to 30%[153]. - The company’s net income for the three months ended September 30, 2025, was $6.5 million, compared to $8.3 million for the same period in 2024[223]. - Interest income for the nine months ended September 30, 2025 was $1.8 million, an increase from $1.2 million in the same period in 2024, attributed to higher average excess cash invested[194]. Annual Recurring Revenue (ARR) and Retention - As of September 30, 2025, the company reported an Annual Recurring Revenue (ARR) of $180.2 million, a 10% increase from $163.9 million on September 30, 2024, including contributions from the acquisition of Nok Nok Labs[218]. - The Net Retention Rate (NRR) was reported at 103% as of September 30, 2025, down from 106% a year earlier, primarily due to a decrease in expansion contracts[220]. - Changes in foreign exchange rates positively impacted ARR by approximately $0.2 million compared to the prior year[218]. Accounting Policies - The company’s accounting policies are detailed in its Form 10-K for the year ended December 31, 2024[227].

Investor Presentation – Q3 2025 October 30, 2025 Forward Looking Statements This presentation contains forward-looking statements within the meaning of applicable U.S. securities laws, including statements regarding our 2025 financial guidance, our plans to drive profitable, efficient revenue growth, and our general goals and expectations regarding our operational or financial performance in the future. Forward-looking statements may be identified by words such as "seek", "believe", "plan", "estimate", "ant ...

BOSTON--(BUSINESS WIRE)--OneSpan today announced its participation in Authenticate 2025, the premier conference dedicated to the future of authentication, taking place from October 13 to 15, 2025, in Carlsbad, CA. Building on strong industry momentum, OneSpan will highlight its market-leading authentication portfolio and four speaking sessions led by its experts. Attendees can visit OneSpan at Booth #203 to experience hands-on demos of the company's advanced authentication portfolio, including. ...