盘前市场动向 1. 12月5日(周五)美股盘前，美股三大股指期货齐涨。截至发稿，道指期货涨0.05%，标普500指数期货涨0.17%，纳指期货涨 0.36%。 | = ns 30 | 47,874.90 | 47,930.50 | 47,803.60 | +23.70 | +0.05% | | --- | --- | --- | --- | --- | --- | | = US 500 | 6,868.40 | 6,877.30 | 6,850.00 | +11.50 | +0.17% | | 트 US Tech 100 | 25,674.30 | 25,713.30 | 25,565.30 | +92.60 | +0.36% | 2. 截至发稿，德国DAX指数涨0.52%，英国富时100指数涨0.07%，法国CAC40指数涨0.28%，欧洲斯托克50指数涨0.39%。 | 德国DAX30 | 24,017.51 | 24,057.01 | 23,924.34 | +123.15 | +0.52% | | --- | --- | --- | --- | --- | --- | | 瑞 英国富时100 | 9, ...

Financial Data and Key Metrics Changes - The company reported record high adjusted EBITDA of $23 million, nearly 15% higher than last year's first quarter record of $20 million, with adjusted EBITDA reaching 36% of revenue [7][15][19] - First quarter revenue was $63.4 million, a 2% decline compared to the same period last year [16][20] - First quarter gross margin increased to 74% from 73% in the prior year [16][17] - GAAP operating income was $17.2 million compared to $14.1 million in the first quarter of last year [18] Business Line Data and Key Metrics Changes - Subscription revenue grew 9%, driven by software authentication, app shielding, and e-signature solutions [8][12] - Security subscription revenue increased 7%, while digital agreements subscription revenue grew 13% [12][21] - Security solutions revenue declined 5% to $47.7 million, while digital agreements revenue grew 9% to $15.7 million [16][20] Market Data and Key Metrics Changes - Revenue mix by region remained consistent, with EMEA accounting for 49%, Americas 33%, and Asia Pacific 18% [23] - The company expects potential tariff-related costs of up to $1 million for the full year 2025 due to hardware revenue exposure [25] Company Strategy and Development Direction - The company aims to continue optimizing its cost structure and driving efficient revenue growth while maintaining profitability commitments [7][14][28] - There is a focus on operational excellence and a balanced capital allocation strategy, including potential increases in capital return to shareholders and targeted M&A [14][27][70] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in achieving double-digit subscription revenue growth for the full year 2025 despite macroeconomic uncertainties [24][46] - The company is monitoring the impact of tariffs and foreign currency fluctuations on its business [25][61] Other Important Information - The company generated $29 million in cash from operations and ended the quarter with $105 million in cash on hand [13][23] - The board approved a quarterly dividend of $0.12 per share, totaling approximately $4.6 million [13][14] Q&A Session Summary Question: Impact of tariffs on hardware revenue - Management indicated that Europe is the largest market for hardware, with minimal tariff impact observed to date [32][34] Question: Quantifying the impact of large deals slipping into Q2 - Management clarified that the two large contracts did not impact Q1 ARR as their start date was in April [41] Question: Confidence in maintaining guidance amid macro uncertainty - Management noted a strong start to the year in terms of bookings, contributing to their confidence in maintaining guidance [46][47] Question: Adjusted EBITDA margin expectations for the full year - Management explained that Q1 typically has a favorable revenue mix, and they expect a shift in mix for the remainder of the year [51][52] Question: Capital allocation strategy - Management discussed potential returns to shareholders through dividends, buybacks, and targeted M&A, focusing on expanding security capabilities [68][70]

OneSpan Inc. (NASDAQ:OSPN) Q4 2024 Results Conference Call February 27, 2025 4:30 PM ET Company Participants Joe Maxa - Vice President, Investor Relations Victor Limongelli - Chief Executive Officer Jorge Martell - Chief Financial Officer Conference Call Participants Gray Powell - BTIG Catharine Trebnick - Rosenblatt Securities Anja Soderstrom - Sidoti Operator Good day, and thank you for standing by. Welcome to the Q4 2024 OneSpan Earnings Conference Call. At this time, all participants are in a listen-onl ...