OneSpan Inc. (OSPN) Q3 2024 Earnings Call Transcript Summary
OneSpan Inc. (OSPN) Q3 2024 Earnings Call Transcript Summary
Subscription revenue grew 29%, now 60% of total revenue.The following is a summary of the OneSpan Inc. (OSPN) Q3 2024 Earnings Call Transcript:
以下是OneSpan公司(OSPN) 2024年第三季度业绩会备忘录摘要：
Financial Performance:
金融业绩：
Adjusted EBITDA was $17 million, 30% of revenue, marking a profitable quarter.
Subscription revenue grew 29%, now 60% of total revenue.
调整后的EBITDA为1700万美元，占营业收入的30%，标志着一个盈利的季度。
订阅营业收入增长了29%，现在占总营业收入的60%。
Business Progress:
业务进展：
Achieved $18 million in annualized cost savings, exceeding targets.
Investments in SaaS offerings boosting gross margins.
实现了1800万美元的年化成本节约，超过目标。
对saas-云计算业务的投资推动毛利率提升。
Opportunity:
机会：
Expansion in subscription revenue with robust customer growth in key segments.
Transitioning to software and subscription models, especially in security solutions.
通过关键领域客户增长，订阅营收扩大。
转向软件和订阅模式，尤其是安防解决方案。
Risk:
风险：
Anticipated further decline in hardware revenue due to market shift towards mobile authentication.
Potential short-term impacts on ARR from sunsetting low ROI products.
由于市场转向移动身份验证，预计硬件营收进一步下降。
由于逐步淘汰回报率低的产品，对ARR可能会产生短期影响。
Financial Performance:
金融业绩：
Adjusted EBITDA was $17 million or 30% of revenue, marking a profitable quarter for OneSpan.
Subscription revenue grew by 29%, accounting for 60% of total revenue.
Total software and services revenue grew by 10%, comprising 78% of total revenue.
Annual Recurring Revenue (ARR) grew by 9%, in line with the company's guidance.
Despite overall revenue decrease by 4% primarily due to a decline in hardware sales, as anticipated in previous communications.
Strong operating cash generation with $14 million in Q3 and $43 million year-to-date, an improvement from the previous year.
调整后的EBITDA为1700万美元，占营业收入的30%，OneSpan取得盈利季度。
订阅营收增长了29%，占总营收的60%。
软件和服务的总营业收入增长了10%，占总营业收入的78%。
年度循环营收（ARR）增长了9%，与公司的指导一致。
尽管由于硬件销售下滑而导致整体营业收入下降4%，如前期通信中预期的那样。
强劲的现金营运产生，Q3为1400万美元，截至目前为4300万美元，较去年有所改善。
Business Progress:
业务进展：
Both business units, Digital Agreements and Security, were profitable.
Significant cost reduction initiatives were substantially completed, achieving $18 million in annualized cost savings year-to-date, exceeding the target.$1.5
Positive shifts towards higher-margin software revenues, with ongoing transitions to subscription models.
Continued focus on operational excellence, improving both operating efficiency and profitability.
Investments in SaaS offerings are yielding higher gross margins.
Seasonal strength expected in Q4 for bookings.
数字协议和安防-半导体两个业务部门均盈利。
重要的成本削减举措基本完成，实现了1800万美元的年度成本节省，超过了目标。1.5亿
向利润率较高的软件营收积极转变，持续过渡至订阅模式。
持续专注于运营卓越，改善运营效率和盈利能力。
对saas-云计算产品的投资正在带来更高的毛利率。
预计Q4的订购将迎来季节性增长。
Opportunities:
机会：
Strong push towards subscription revenue, showing robust expansion in existing agreements and adding new customers in both Digital Agreements and Security segments.
Emphasis on operational efficiencies throughout the company, contributing to higher profitability.
Potential growth in software-based revenue streams, particularly in security solutions which are transitioning towards more software and subscription models.
强调向订阅收入的大力推动，在数字协议和安防-半导体业务领域现有协议扩展和吸纳新客户，显示出强劲的增长。
公司全面强调运营效率，有助于盈利水平的提高。
软件营收流的潜在增长，特别是在安防-半导体解决方案中，正在向更多软件和订阅模式过渡。
Risks:
风险：
Anticipated continued decline in hardware revenue aligning with market shifts towards mobile authentication platforms.
Potential fluctuations in ARR due to sunsetting of low ROI products that could impact short-term revenue and ARR figures.
预计硬件营业收入持续下降，与市场向移动认证平台转变趋势一致。
由于低回报率产品逐渐退出市场可能对短期营业收入和ARR数据产生波动。
Tips: This article is generated by AI. The accuracy of the content can not be fully guaranteed. For more comprehensive details, please refer to the IR website. The article is only for investors' reference without any guidance or recommendation suggestions.
提示：本文由AI生成。文章内容的准确性无法完全保证。有关更全面的详细信息，请参阅IR网站。本文只是为投资者提供参考，没有任何指导或推荐建议。
