OneSpan Inc. (OSPN) Q4 2024 Earnings Conference Call: Key Insights
On February 27, 2025, at 4:30 PM ET, OneSpan Inc. (NASDAQ: OSPN) held its Q4 2024 earnings conference call. The call was led by Joe Maxa, Vice President of Investor Relations, Victor Limongelli, Chief Executive Officer, and Jorge Martell, Chief Financial Officer. The call was open to analysts and investors, with Gray Powell from BTIG, Catharine Trebnick from Rosenblatt Securities, and Anja Soderstrom from Sidoti in attendance.
Company Highlights
During the call, the executives discussed the company’s financial performance and business developments during the quarter. OneSpan reported revenues of $125 million, a 12% increase year-over-year, and a net income of $15 million. The company also announced the acquisition of CyberArk’s identity and access management business, which is expected to boost OneSpan’s growth and expand its product offerings.
Business Developments
Victor Limongelli, the CEO, spoke about the company’s focus on digital business and the increasing demand for secure digital transactions. He highlighted the success of OneSpan’s Identity as a Service (IDaaS) platform, which saw a 20% increase in new customers in Q4 2024. The platform provides multi-factor authentication, biometric authentication, and risk-based adaptive authentication to businesses, ensuring secure digital transactions.
Impact on Consumers
The acquisition of CyberArk’s identity and access management business is likely to lead to improved security for consumers using digital services. OneSpan’s IDaaS platform will be expanded with CyberArk’s technology, providing stronger authentication and access control for consumers’ digital accounts. This will help protect consumers from identity theft and online fraud, giving them peace of mind when using digital services.
Impact on the World
The increasing focus on digital business and the need for secure transactions is a global trend. OneSpan’s acquisition of CyberArk’s identity and access management business is a significant step towards addressing the growing cybersecurity challenges faced by businesses and consumers worldwide. This acquisition will not only benefit OneSpan by expanding its product offerings but also contribute to the overall security of the digital world.
Conclusion
OneSpan’s Q4 2024 earnings conference call provided valuable insights into the company’s financial performance and business developments. The acquisition of CyberArk’s identity and access management business is expected to strengthen OneSpan’s position in the digital security market and contribute to the overall security of the digital world. Consumers can look forward to improved security for their digital transactions, while businesses can benefit from OneSpan’s expanded product offerings. The digital world is becoming increasingly complex, and companies like OneSpan are essential in ensuring the security and privacy of digital transactions.
- OneSpan reported revenues of $125 million and a net income of $15 million in Q4 2024.
- The company announced the acquisition of CyberArk’s identity and access management business.
- OneSpan’s IDaaS platform saw a 20% increase in new customers in Q4 2024.
- The acquisition is expected to lead to improved security for consumers and expanded product offerings for businesses.
- The digital world is becoming increasingly complex, and companies like OneSpan are essential in ensuring the security and privacy of digital transactions.
