OneSpan Inc. (OSPN) Financial Statements (2024 and earlier)

Company Profile

Business Address 1 MARINA PARK DRIVE
BOSTON, MA 02210
State of Incorp. DE
Fiscal Year End December 31
Industry (SIC) 7373 - Computer Integrated Systems Design (benchmarking)
More info Complete Financial Analysis Financial Benchmarking

Balance Sheet (Statement of Financial Position) ($ in thousands)

9/30/2023
Q3
6/30/2023
Q2
3/31/2023
Q1
12/31/2022
Q4
9/30/2022
Q3
6/30/2022
Q1
3/31/2022
Q1
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments83,094106,51996,50181,83577,58383,645
Cash and cash equivalents83,094106,51996,50181,83577,58383,645
Receivables38,15432,28565,13243,73639,86335,704
Inventory, net of allowances, customer advances and progress billings15,00315,64012,0549,4679,99710,388
Inventory15,00315,64012,0549,4679,99710,388
Prepaid expense7,9097,9386,2225,8987,1177,656
Contract with customer, asset, after allowance for credit loss5,4804,2564,5204,5725,1475,410
Capitalized contract cost    2,6322,4952,246
Other current assets9,3188,60310,78310,12110,5869,591
Other undisclosed current assets9931,0182,3289,15017,73134,056
Total current assets:159,951176,259197,540167,411170,519188,696
Noncurrent Assets
Operating lease, right-of-use asset4,6777,6358,0227,7478,1388,849
Property, plant and equipment15,59915,09512,68110,79610,13010,253
Intangible assets, net (including goodwill)105,922105,566102,99699,232108,538114,314
Goodwill93,29492,24390,51486,19490,42194,586
Intangible assets, net (excluding goodwill)12,62813,32312,48213,03818,11719,728
Contract with customer, asset, after allowance for credit loss     522318
Deferred income tax assets1,8871,9191,9013,3623,5153,679
Other noncurrent assets10,60910,83211,94210,98310,5479,802
Total noncurrent assets:138,694141,047137,542132,120141,390147,215
TOTAL ASSETS:298,645317,306335,082299,531311,909335,911
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities44,68442,65945,80449,01745,44929,372
Taxes payable1,5871,434735
Employee-related liabilities14,46513,42514,109
Accounts payable17,60517,25517,3579,8249,1197,231
Accrued liabilities27,07925,40428,44723,14121,4717,297
Deferred revenue52,37254,07264,63744,27148,34250,988
Deferred compensation liability25122237334511380
Other undisclosed current liabilities    (16,052)(14,859) 
Total current liabilities:97,30796,953110,81477,58179,04580,440
Noncurrent Liabilities
Long-term debt and lease obligation:    8,5179,1939,932
Liabilities, other than long-term debt14,73921,02220,95718,51119,32921,944
Accounts payable and accrued liabilities  2,5652,5653,0803,0805,054
Deferred revenue4,9095,7156,2696,5437,0307,326
Deferred income tax liabilities1,2401,2101,1971,8931,9422,010
Other liabilities3,0473,4392,4846,9957,2777,554
Operating lease, liability5,5438,0938,4428,5179,1939,932
Total noncurrent liabilities:14,73921,02220,95727,02828,52231,876
Total liabilities:112,046117,975131,771104,609107,567112,316
Equity
Equity, attributable to parent186,599199,331203,311194,922204,342223,595
Common stock404040404040
Treasury stock, value(18,222)(18,222)(18,222)(18,222)(18,222)(12,501)
Additional paid in capital114,073110,019107,305104,669102,140100,975
Accumulated other comprehensive loss(11,923)(12,888)(14,550)(23,401)(18,653)(13,306)
Retained earnings102,631120,382128,738131,836139,037148,387
Total equity:186,599199,331203,311194,922204,342223,595
TOTAL LIABILITIES AND EQUITY:298,645317,306335,082299,531311,909335,911

Income Statement (P&L) ($ in thousands)

9/30/2023
Q3
6/30/2023
Q2
3/31/2023
Q1
12/31/2022
Q4
9/30/2022
Q3
6/30/2022
Q1
3/31/2022
Q1
Revenues55,73357,60756,62257,14752,79052,447
Cost of revenue
(Cost of Goods and Services Sold)
(21,439)(18,321)(18,667)(18,716)(17,284)(15,769)
Gross profit:34,29439,28637,95538,43135,50636,678
Operating expenses(52,058)(47,416)(41,964)(44,056)(43,744)(45,921)
Operating loss:(17,764)(8,130)(4,009)(5,625)(8,238)(9,243)
Nonoperating income (expense)614463813(976)(640)15,630
Investment income, nonoperating585503(197)17935(17)
Other nonoperating income (expense)29(40)1,010(1,155)(675)15,647
Income (loss) from continuing operations before equity method investments, income taxes:(17,150)(7,667)(3,196)(6,601)(8,878)6,387
Other undisclosed income from continuing operations before income taxes   595   
Income (loss) from continuing operations before income taxes:(17,150)(7,667)(2,601)(6,601)(8,878)6,387
Income tax expense(601)(689)(496)(600)(472)(1,173)
Income (loss) from continuing operations:(17,751)(8,356)(3,097)(7,201)(9,350)5,214
Income (loss) before gain (loss) on sale of properties:(7,201)(9,350)5,214
Net income (loss) available to common stockholders, diluted:(17,751)(8,356)(3,097)(7,201)(9,350)5,214

Comprehensive Income ($ in thousands)

9/30/2023
Q3
6/30/2023
Q2
3/31/2023
Q1
12/31/2022
Q4
9/30/2022
Q3
6/30/2022
Q1
3/31/2022
Q1
Net income (loss):(17,751)(8,356)(3,097)(7,201)(9,350)5,214
Comprehensive income (loss):(17,751)(8,356)(3,097)(7,201)(9,350)5,214
Other undisclosed comprehensive income (loss), net of tax, attributable to parent9651,6628,851(4,748)(5,347)(2,124)
Comprehensive income (loss), net of tax, attributable to parent:(16,786)(6,694)5,754(11,949)(14,697)3,090

Statements Sources

The financial statements are based on the Company's filings with the U.S. Securities and Exchange Commission (SEC) through the Electronic Data Gathering, Analysis, and Retrieval system (EDGAR). The information is derived from the 10-K and 10-Q reports submitted to the SEC in XBRL (eXtensible Business Reporting Language) format and presented according to the US GAAP Taxonomy. Please review the original filings for a more detailed information.

Login to ReadyRatios

 

Have you forgotten your password?

Are you a new user?

Login As
You can log in if you are registered at one of these services: