OneSpan Inc. (NASDAQ:OSPN) Q1 2024 Earnings Conference Call May 2, 2024 4:30 PM ET Company Participants Joe Maxa - Vice President, Investor Relations Victor Limongelli - Interim Chief Executive Officer Jorge Martell - Chief Financial Officer Conference Call Participants Trevor Rambo - BTIG Chad Bennett - Craig-Hallum Anja Soderstrom - Sidoti Rudy Kessinger - D.A. Davidson Operator Good day. Thank you for standing by. Welcome to OneSpan's First Quarter 2024 Earnings Conference Call. At this time, all partici ...

Investor Presentation – Q1 2024 Forward Looking Statements PROPRIETARY AND CONFIDENTIAL. ALL RIGHTS RESERVED 2 OneSpan – The Digital Agreements Security Company NRR2 (3/31/24) 642 4,000+ 100+ 60% $242M $155M 107% $64M Customers Countries Revenue (TTM 3/31/24) 1,2 See Appendix for definitions. Trusted Security Partner to Global Blue-Chip Enterprises PROPRIETARY AND CONFIDENTIAL. ALL RIGHTS RESERVED 5 TTM Revenue (3/31/24) • Leading provider of authentication and transaction signing solutions for the who's wh ...

FOR THE QUARTERLY PERIOD ENDED MARCH 31, 2024 OR Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 _____________________________________ FORM 10-Q _____________________________________ (Mark One) x QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 (I.R.S. Employer Identification No.) 1 Marina Park Drive, Unit 1410 Boston, Massachusetts 02210 (Address of Principal Executive Offices) (Zip Code) (312) 766-4001 (Registrant's telephone ...

"I am very proud of the OneSpan team's performance in the first quarter, which resulted in a strong topline, enhanced profitability and positive cash flow generation," stated OneSpan interim CEO, Victor Limongelli. "Since I've taken the helm in January, we have continued to find opportunities for additional cost reductions, as well as operational efficiencies later in the year, totaling incremental savings of approximately $10 million on an annualized basis. These savings, combined with our strong Q1 perfor ...

Consistent with our focus on operational efficiency and best practices, we have made changes to improve the long-term financial position of our company. As discussed in prior calls, we made a decision to sunset our deal flow on premise e-signature, and standalone risk analytic solutions and many customers of these products are transitioning to our cloud-based e-signature and other offerings. We estimate there will be a net impact of both revenue and ARR of less than $1.5 million from sunset products by the ...

November 8, 2023 OneSpan – The Digital Agreements Security Company Employees (9/30/23) PROPRIETARY AND CONFIDENTIAL. ALL RIGHTS RESERVED 4 Revenue Breakdown Geographic Split Our Vision A world of trusted digital customer interactions and transactions Our Solution Portfolio… MOBILE SECURITY VERIFY AUTHENTICATE INTERACT TRANSACT & SIGN VAULT …and Support High Value B2B & B2C Transactions Digital Agreements Market 2-3x larger than E-Signature E-Signature Market $5.3B IDV and Authentication Market $900M OSPN Re ...

Matt Moynahan - CEO Jorge Martell - CFO Joe Maxa - VP, IR I would now like to hand the conference over to your speaker, Joe Maxa, Vice President of Investor Relations. Please go ahead. Also note that certain financial measures that may be discussed on this call are expressed on a non-GAAP basis and have been adjusted from a related GAAP financial measure. We have provided an explanation for, and reconciliations of, these non-GAAP financial measures to the most directly comparable GAAP financial measures in ...

Jorge Martell Operator Gray Powell And so then just the next one, and I donÂ't want to get too into the weeds on the math. But if I look at like net new ARR or like ARR additions, so that declined 45% in Q2. The midpoint of guidance implies that you add $5.6 million of new ARR in the second half of 2023 versus $4.4 million last year. I understand that you have easier comps, so I guess that helps. But can you just sort of help us think about whatÂ's driving that improvement and just sort of reaffirm your con ...

Now I'd like to provide a few comments on generative AI and deep fake technology. I'm sure you've all seen or heard about several recent deep fakes. For example, Pope Francis is wearing a white puffer jacket, a German newspaper using AI to generate an interview with former Formula 1 driver Michael Schumacher and various other documents of content being created by AI algorithms. The technology has progressed to a point despite its early days, where you literally cannot tell whether what you're seeing or read ...

There are customers on it but we are going to be doing the integration into our product portfolio, but that would be another product that will be coming in the market in the second half of the year. And that would also allow us to do the up-sell and cross-sell in a different way than we had historically. So I feel good about that. Matt Moynahan Operator Matt Moynahan you think about transacting business in the web with the world of deep fakes and increasingly asset classes coming into attack that are repres ...