$OSPN
OneSpan Inc. Stock $ospn

$ospn Overview Financials Valuation SEC Filings Company Website

2024 Q2 Form 10-Q Financial Statement

#000162828024020067 Filed on May 02, 2024

Income Statement

Concept	2024 Q2	2024 Q1
Revenue	$60.92M	$64.84M
YoY Change	9.31%	12.56%
Cost Of Revenue	$20.58M	$17.45M
YoY Change	-3.99%	-4.77%
Gross Profit	$40.34M	$47.40M
YoY Change	17.63%	20.64%
Gross Profit Margin	66.22%	73.09%
Selling, General & Admin	$22.07M	$22.93M
YoY Change	-37.91%	-37.45%
% of Gross Profit	54.7%	48.39%
Research & Development	$8.341M	$8.259M
YoY Change	-17.33%	-12.72%
% of Gross Profit	20.68%	17.43%
Depreciation & Amortization	$1.400M	$2.082M
YoY Change	75.0%	57.85%
% of Gross Profit	3.47%	4.39%
Operating Expenses	$32.70M	$33.29M
YoY Change	-37.18%	-29.8%
Operating Profit	$7.637M	$14.11M
YoY Change	-142.99%	-273.55%
Interest Expense	$521.0K	$101.0K
YoY Change	-10.94%	-79.92%
% of Operating Profit	6.82%	0.72%
Other Income/Expense, Net	$331.0K	$291.0K
YoY Change	1041.38%	-827.5%
Pretax Income	$8.489M	$14.50M
YoY Change	-149.5%	-289.15%
Income Tax	$1.936M	$1.034M
% Of Pretax Income	22.81%	7.13%
Net Earnings	$6.553M	$13.47M
YoY Change	-136.92%	-261.18%
Net Earnings / Revenue	10.76%	20.77%
Basic Earnings Per Share	$0.17	$0.35
Diluted Earnings Per Share	$0.17	$0.35
COMMON SHARES
Basic Shares Outstanding	37.85M shares	37.79M shares
Diluted Shares Outstanding	39.01M shares	38.46M shares

Balance Sheet

Concept	2024 Q2	2024 Q1
SHORT-TERM ASSETS
Cash & Short-Term Investments	$63.84M	$63.86M
YoY Change	-23.17%	-40.05%
Cash & Equivalents	$63.84M	$63.86M
Short-Term Investments
Other Short-Term Assets	$11.10M	$10.61M
YoY Change	19.08%	23.31%
Inventory	$12.51M	$14.59M
Prepaid Expenses	$6.126M	$6.835M
Receivables	$43.80M	$32.38M
Other Receivables	$0.00	$0.00
Total Short-Term Assets	$143.9M	$134.2M
YoY Change	-10.06%	-23.88%
LONG-TERM ASSETS
Property, Plant & Equipment	$20.25M	$20.35M
YoY Change	29.82%	34.79%
Goodwill	$93.07M	$93.07M
YoY Change	-0.24%	0.9%
Intangibles	$8.679M	$10.15M
YoY Change	-31.27%	-23.85%
Long-Term Investments
YoY Change
Other Assets	$12.04M	$11.52M
YoY Change	13.48%	6.32%
Total Long-Term Assets	$143.0M	$143.0M
YoY Change	3.1%	1.37%
TOTAL ASSETS
Total Short-Term Assets	$143.9M	$134.2M
Total Long-Term Assets	$143.0M	$143.0M
Total Assets	$286.9M	$277.1M
YoY Change	-3.95%	-12.66%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable	$14.59M	$12.15M
YoY Change	-17.11%	-29.6%
Accrued Expenses	$20.51M	$19.84M
YoY Change	-16.99%	-15.47%
Deferred Revenue	$55.93M	$55.57M
YoY Change	6.79%	2.78%
Short-Term Debt	$0.00	$0.00
YoY Change
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities	$93.70M	$92.17M
YoY Change	-3.7%	-4.93%
LONG-TERM LIABILITIES
Long-Term Debt	$0.00	$0.00
YoY Change
Other Long-Term Liabilities	$3.212M	$3.177M
YoY Change	5.42%	-7.62%
Total Long-Term Liabilities	$3.212M	$3.177M
YoY Change	5.42%	-7.62%
TOTAL LIABILITIES
Total Short-Term Liabilities	$93.70M	$92.17M
Total Long-Term Liabilities	$3.212M	$3.177M
Total Liabilities	$108.3M	$106.3M
YoY Change	-3.36%	-9.92%
SHAREHOLDERS EQUITY
Retained Earnings	$119.0M	$112.4M
YoY Change	15.91%	-6.62%
Common Stock	$120.3M	$118.6M
YoY Change	5.4%	7.76%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity	$178.6M	$170.9M
YoY Change
Total Liabilities & Shareholders Equity	$286.9M	$277.1M
YoY Change	-3.95%	-12.66%

Cashflow Statement

Concept	2024 Q2	2024 Q1
OPERATING ACTIVITIES
Net Income	$6.553M	$13.47M
YoY Change	-136.92%	-261.18%
Depreciation, Depletion And Amortization	$1.400M	$2.082M
YoY Change	75.0%	57.85%
Cash From Operating Activities	$2.302M	$26.96M
YoY Change	-111.73%	103.67%
INVESTING ACTIVITIES
Capital Expenditures	$2.280M	$3.045M
YoY Change	-33.51%	-0.78%
Acquisitions		$0.00
YoY Change		-100.0%
Other Investing Activities	$0.00	$0.00
YoY Change
Cash From Investing Activities	-$2.280M	-$3.080M
YoY Change	-33.51%	20.97%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities	-236.0K	-$1.795M
YoY Change	-47.32%	63.48%
NET CHANGE
Cash From Operating Activities	2.302M	$26.96M
Cash From Investing Activities	-2.280M	-$3.080M
Cash From Financing Activities	-236.0K	-$1.795M
Net Change In Cash	-214.0K	$21.35M
YoY Change	-99.09%	110.11%
FREE CASH FLOW
Cash From Operating Activities	$2.302M	$26.96M
Capital Expenditures	$2.280M	$3.045M
Free Cash Flow	$22.00K	$23.92M
YoY Change	-100.1%	135.2%

Facts In Submission

Frame	Concept Type	Concept / XBRL Key	Value	Unit
CY2024Q1	us-gaap	Revenue Remaining Performance Obligation Expected Timing Of Satisfaction Period1 RevenueRemainingPerformanceObligationExpectedTimingOfSatisfactionPeriod1	P12M
CY2024Q1	us-gaap	Revenue Remaining Performance Obligation Expected Timing Of Satisfaction Period1 RevenueRemainingPerformanceObligationExpectedTimingOfSatisfactionPeriod1	P12M
CY2024Q1	us-gaap	Revenue Remaining Performance Obligation Expected Timing Of Satisfaction Period1 RevenueRemainingPerformanceObligationExpectedTimingOfSatisfactionPeriod1	P12M
CY2024Q1	us-gaap	Revenue Remaining Performance Obligation Expected Timing Of Satisfaction Period1 RevenueRemainingPerformanceObligationExpectedTimingOfSatisfactionPeriod1
CY2024Q1	us-gaap	Revenue From Contract With Customer Including Assessed Tax RevenueFromContractWithCustomerIncludingAssessedTax	64843000	usd
CY2023Q1	us-gaap	Revenue From Contract With Customer Including Assessed Tax RevenueFromContractWithCustomerIncludingAssessedTax	57607000	usd
CY2024Q1	us-gaap	Cost Of Goods And Services Sold CostOfGoodsAndServicesSold	17448000	usd
CY2023Q1	us-gaap	Cost Of Goods And Services Sold CostOfGoodsAndServicesSold	18321000	usd
CY2024Q1	us-gaap	Gross Profit GrossProfit	47395000	usd
CY2023Q1	us-gaap	Gross Profit GrossProfit	39286000	usd
CY2024Q1	us-gaap	Selling And Marketing Expense SellingAndMarketingExpense	12927000	usd
CY2023Q1	us-gaap	Selling And Marketing Expense SellingAndMarketingExpense	20011000	usd
CY2024Q1	us-gaap	Research And Development Expense ResearchAndDevelopmentExpense	8259000	usd
CY2023Q1	us-gaap	Research And Development Expense ResearchAndDevelopmentExpense	9463000	usd
CY2024Q1	us-gaap	General And Administrative Expense GeneralAndAdministrativeExpense	10007000	usd
CY2023Q1	us-gaap	General And Administrative Expense GeneralAndAdministrativeExpense	16653000	usd
CY2024Q1	us-gaap	Restructuring Charges RestructuringCharges	1497000	usd
CY2023Q1	us-gaap	Restructuring Charges RestructuringCharges	706000	usd
CY2024Q1	us-gaap	Amortization Of Intangible Assets AmortizationOfIntangibleAssets	595000	usd
CY2023Q1	us-gaap	Amortization Of Intangible Assets AmortizationOfIntangibleAssets	583000	usd
CY2024Q1	us-gaap	Operating Expenses OperatingExpenses	33285000	usd
CY2023Q1	us-gaap	Operating Expenses OperatingExpenses	47416000	usd
CY2024Q1	us-gaap	Operating Income Loss OperatingIncomeLoss	14110000	usd
CY2023Q1	us-gaap	Operating Income Loss OperatingIncomeLoss	-8130000	usd
CY2024Q1	us-gaap	Interest Income Expense Nonoperating Net InterestIncomeExpenseNonoperatingNet	101000	usd
CY2023Q1	us-gaap	Interest Income Expense Nonoperating Net InterestIncomeExpenseNonoperatingNet	503000	usd
CY2024Q1	us-gaap	Other Nonoperating Income Expense OtherNonoperatingIncomeExpense	291000	usd
CY2023Q1	us-gaap	Other Nonoperating Income Expense OtherNonoperatingIncomeExpense	-40000	usd
CY2024Q1	us-gaap	Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest	14502000	usd
CY2023Q1	us-gaap	Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest	-7667000	usd
CY2024Q1	us-gaap	Income Tax Expense Benefit IncomeTaxExpenseBenefit	1034000	usd
CY2023Q1	us-gaap	Income Tax Expense Benefit IncomeTaxExpenseBenefit	689000	usd
CY2024Q1	us-gaap	Net Income Loss NetIncomeLoss	13468000	usd
CY2023Q1	us-gaap	Net Income Loss NetIncomeLoss	-8356000	usd
CY2024Q1	us-gaap	Earnings Per Share Basic EarningsPerShareBasic	0.35
CY2023Q1	us-gaap	Earnings Per Share Basic EarningsPerShareBasic	-0.21
CY2024Q1	us-gaap	Earnings Per Share Diluted EarningsPerShareDiluted	0.35
CY2023Q1	us-gaap	Earnings Per Share Diluted EarningsPerShareDiluted	-0.21
CY2024Q1	us-gaap	Weighted Average Number Of Shares Outstanding Basic WeightedAverageNumberOfSharesOutstandingBasic	38060000	shares
CY2023Q1	us-gaap	Weighted Average Number Of Shares Outstanding Basic WeightedAverageNumberOfSharesOutstandingBasic	40057000	shares
CY2024Q1	us-gaap	Weighted Average Number Of Diluted Shares Outstanding WeightedAverageNumberOfDilutedSharesOutstanding	38463000	shares
CY2023Q1	us-gaap	Weighted Average Number Of Diluted Shares Outstanding WeightedAverageNumberOfDilutedSharesOutstanding	40057000	shares
CY2024Q1	us-gaap	Net Income Loss NetIncomeLoss	13468000	usd
CY2023Q1	us-gaap	Net Income Loss NetIncomeLoss	-8356000	usd
CY2024Q1	us-gaap	Other Comprehensive Income Foreign Currency Transaction And Translation Adjustment Net Of Tax Portion Attributable To Parent OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentNetOfTaxPortionAttributableToParent	-1655000	usd
CY2023Q1	us-gaap	Other Comprehensive Income Foreign Currency Transaction And Translation Adjustment Net Of Tax Portion Attributable To Parent OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentNetOfTaxPortionAttributableToParent	1715000	usd
CY2024Q1	us-gaap	Other Comprehensive Income Defined Benefit Plans Adjustment Net Of Tax Portion Attributable To Parent OtherComprehensiveIncomeDefinedBenefitPlansAdjustmentNetOfTaxPortionAttributableToParent	30000	usd
CY2023Q1	us-gaap	Other Comprehensive Income Defined Benefit Plans Adjustment Net Of Tax Portion Attributable To Parent OtherComprehensiveIncomeDefinedBenefitPlansAdjustmentNetOfTaxPortionAttributableToParent	60000	usd
CY2024Q1	us-gaap	Other Comprehensive Income Availableforsale Securities Adjustment Net Of Tax Portion Attributable To Parent OtherComprehensiveIncomeAvailableforsaleSecuritiesAdjustmentNetOfTaxPortionAttributableToParent	0	usd
CY2023Q1	us-gaap	Other Comprehensive Income Availableforsale Securities Adjustment Net Of Tax Portion Attributable To Parent OtherComprehensiveIncomeAvailableforsaleSecuritiesAdjustmentNetOfTaxPortionAttributableToParent	7000	usd
CY2024Q1	us-gaap	Comprehensive Income Net Of Tax ComprehensiveIncomeNetOfTax	11783000	usd
CY2023Q1	us-gaap	Comprehensive Income Net Of Tax ComprehensiveIncomeNetOfTax	-6694000	usd
CY2023Q4	us-gaap	Stockholders Equity StockholdersEquity	159141000	usd
CY2024Q1	us-gaap	Net Income Loss NetIncomeLoss	13468000	usd
CY2024Q1	us-gaap	Other Comprehensive Income Loss Foreign Currency Transaction And Translation Adjustment Net Of Tax OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax	-1655000	usd
CY2024Q1	us-gaap	Adjustments To Additional Paid In Capital Share Based Compensation Stock Options Requisite Service Period Recognition AdjustmentsToAdditionalPaidInCapitalShareBasedCompensationStockOptionsRequisiteServicePeriodRecognition	1540000	usd
CY2024Q1	ospn	Adjustment To Additional Paid In Capital Tax Payments Related To Restricted Stock Share Issuances AdjustmentToAdditionalPaidInCapitalTaxPaymentsRelatedToRestrictedStockShareIssuances	1595000	usd
CY2024Q1	us-gaap	Other Comprehensive Income Defined Benefit Plans Net Unamortized Gain Loss Arising During Period Net Of Tax OtherComprehensiveIncomeDefinedBenefitPlansNetUnamortizedGainLossArisingDuringPeriodNetOfTax	-30000	usd
CY2024Q1	us-gaap	Stockholders Equity StockholdersEquity	170869000	usd
CY2022Q4	us-gaap	Stockholders Equity StockholdersEquity	203311000	usd
CY2023Q1	us-gaap	Other Comprehensive Income Loss Foreign Currency Transaction And Translation Adjustment Net Of Tax OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax	1715000	usd
CY2023Q1	us-gaap	Adjustments To Additional Paid In Capital Share Based Compensation Stock Options Requisite Service Period Recognition AdjustmentsToAdditionalPaidInCapitalShareBasedCompensationStockOptionsRequisiteServicePeriodRecognition	3812000	usd
CY2023Q1	ospn	Adjustment To Additional Paid In Capital Tax Payments Related To Restricted Stock Share Issuances AdjustmentToAdditionalPaidInCapitalTaxPaymentsRelatedToRestrictedStockShareIssuances	1098000	usd
CY2023Q1	us-gaap	Other Comprehensive Income Availableforsale Securities Adjustment Net Of Tax Portion Attributable To Parent OtherComprehensiveIncomeAvailableforsaleSecuritiesAdjustmentNetOfTaxPortionAttributableToParent	7000	usd
CY2023Q1	us-gaap	Other Comprehensive Income Defined Benefit Plans Net Unamortized Gain Loss Arising During Period Net Of Tax OtherComprehensiveIncomeDefinedBenefitPlansNetUnamortizedGainLossArisingDuringPeriodNetOfTax	-60000	usd
CY2023Q1	us-gaap	Stockholders Equity StockholdersEquity	199331000	usd
CY2024Q1	us-gaap	Profit Loss ProfitLoss	13468000	usd
CY2023Q1	us-gaap	Profit Loss ProfitLoss	-8356000	usd
CY2024Q1	us-gaap	Depreciation Depletion And Amortization DepreciationDepletionAndAmortization	2082000	usd
CY2023Q1	us-gaap	Depreciation Depletion And Amortization DepreciationDepletionAndAmortization	1319000	usd
CY2024Q1	us-gaap	Deferred Income Taxes And Tax Credits DeferredIncomeTaxesAndTaxCredits	-80000	usd
CY2023Q1	us-gaap	Deferred Income Taxes And Tax Credits DeferredIncomeTaxesAndTaxCredits	8000	usd
CY2024Q1	us-gaap	Share Based Compensation ShareBasedCompensation	1540000	usd
CY2023Q1	us-gaap	Share Based Compensation ShareBasedCompensation	3812000	usd
CY2024Q1	us-gaap	Provision For Doubtful Accounts ProvisionForDoubtfulAccounts	-63000	usd
CY2023Q1	us-gaap	Provision For Doubtful Accounts ProvisionForDoubtfulAccounts	75000	usd
CY2024Q1	us-gaap	Increase Decrease In Accounts Receivable IncreaseDecreaseInAccountsReceivable	-31468000	usd
CY2023Q1	us-gaap	Increase Decrease In Accounts Receivable IncreaseDecreaseInAccountsReceivable	-33059000	usd
CY2024Q1	us-gaap	Increase Decrease In Inventories IncreaseDecreaseInInventories	-623000	usd
CY2023Q1	us-gaap	Increase Decrease In Inventories IncreaseDecreaseInInventories	3361000	usd
CY2024Q1	us-gaap	Increase Decrease In Contract With Customer Asset IncreaseDecreaseInContractWithCustomerAsset	376000	usd
CY2023Q1	us-gaap	Increase Decrease In Contract With Customer Asset IncreaseDecreaseInContractWithCustomerAsset	-278000	usd
CY2024Q1	us-gaap	Increase Decrease In Accounts Payable IncreaseDecreaseInAccountsPayable	-5137000	usd
CY2023Q1	us-gaap	Increase Decrease In Accounts Payable IncreaseDecreaseInAccountsPayable	-273000	usd
CY2024Q1	us-gaap	Increase Decrease In Accrued Income Taxes Payable IncreaseDecreaseInAccruedIncomeTaxesPayable	1915000	usd
CY2023Q1	us-gaap	Increase Decrease In Accrued Income Taxes Payable IncreaseDecreaseInAccruedIncomeTaxesPayable	-512000	usd
CY2024Q1	us-gaap	Increase Decrease In Accrued Liabilities IncreaseDecreaseInAccruedLiabilities	-4758000	usd
CY2023Q1	us-gaap	Increase Decrease In Accrued Liabilities IncreaseDecreaseInAccruedLiabilities	-1963000	usd
CY2024Q1	us-gaap	Increase Decrease In Deferred Compensation IncreaseDecreaseInDeferredCompensation	-317000	usd
CY2023Q1	us-gaap	Increase Decrease In Deferred Compensation IncreaseDecreaseInDeferredCompensation	-151000	usd
CY2024Q1	us-gaap	Increase Decrease In Deferred Revenue IncreaseDecreaseInDeferredRevenue	-13547000	usd
CY2023Q1	us-gaap	Increase Decrease In Deferred Revenue IncreaseDecreaseInDeferredRevenue	-11390000	usd
CY2024Q1	us-gaap	Increase Decrease In Other Operating Capital Net IncreaseDecreaseInOtherOperatingCapitalNet	-142000	usd
CY2023Q1	us-gaap	Increase Decrease In Other Operating Capital Net IncreaseDecreaseInOtherOperatingCapitalNet	-692000	usd
CY2024Q1	us-gaap	Net Cash Provided By Used In Operating Activities NetCashProvidedByUsedInOperatingActivities	26960000	usd
CY2023Q1	us-gaap	Net Cash Provided By Used In Operating Activities NetCashProvidedByUsedInOperatingActivities	13237000	usd
CY2024Q1	us-gaap	Proceeds From Maturities Prepayments And Calls Of Shortterm Investments ProceedsFromMaturitiesPrepaymentsAndCallsOfShorttermInvestments	0	usd
CY2023Q1	us-gaap	Proceeds From Maturities Prepayments And Calls Of Shortterm Investments ProceedsFromMaturitiesPrepaymentsAndCallsOfShorttermInvestments	2330000	usd
CY2024Q1	us-gaap	Payments To Acquire Property Plant And Equipment PaymentsToAcquirePropertyPlantAndEquipment	3045000	usd
CY2023Q1	us-gaap	Payments To Acquire Property Plant And Equipment PaymentsToAcquirePropertyPlantAndEquipment	3069000	usd
CY2024Q1	us-gaap	Payments To Acquire Intangible Assets PaymentsToAcquireIntangibleAssets	35000	usd
CY2023Q1	us-gaap	Payments To Acquire Intangible Assets PaymentsToAcquireIntangibleAssets	7000	usd
CY2024Q1	us-gaap	Payments To Acquire Businesses Net Of Cash Acquired PaymentsToAcquireBusinessesNetOfCashAcquired	0	usd
CY2023Q1	us-gaap	Payments To Acquire Businesses Net Of Cash Acquired PaymentsToAcquireBusinessesNetOfCashAcquired	1800000	usd
CY2024Q1	us-gaap	Net Cash Provided By Used In Investing Activities NetCashProvidedByUsedInInvestingActivities	-3080000	usd
CY2023Q1	us-gaap	Net Cash Provided By Used In Investing Activities NetCashProvidedByUsedInInvestingActivities	-2546000	usd
CY2024Q1	us-gaap	Payment For Contingent Consideration Liability Financing Activities PaymentForContingentConsiderationLiabilityFinancingActivities	200000	usd
CY2023Q1	us-gaap	Payment For Contingent Consideration Liability Financing Activities PaymentForContingentConsiderationLiabilityFinancingActivities	0	usd
CY2024Q1	us-gaap	Payments Related To Tax Withholding For Share Based Compensation PaymentsRelatedToTaxWithholdingForShareBasedCompensation	1595000	usd
CY2023Q1	us-gaap	Payments Related To Tax Withholding For Share Based Compensation PaymentsRelatedToTaxWithholdingForShareBasedCompensation	1098000	usd
CY2024Q1	us-gaap	Net Cash Provided By Used In Financing Activities NetCashProvidedByUsedInFinancingActivities	-1795000	usd
CY2023Q1	us-gaap	Net Cash Provided By Used In Financing Activities NetCashProvidedByUsedInFinancingActivities	-1098000	usd
CY2024Q1	us-gaap	Effect Of Exchange Rate On Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents EffectOfExchangeRateOnCashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents	-734000	usd
CY2023Q1	us-gaap	Effect Of Exchange Rate On Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents EffectOfExchangeRateOnCashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents	569000	usd
CY2024Q1	us-gaap	Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect	21351000	usd
CY2023Q1	us-gaap	Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect	10162000	usd
CY2023Q4	us-gaap	Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents	43530000	usd
CY2022Q4	us-gaap	Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents	97374000	usd
CY2024Q1	us-gaap	Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents	64881000	usd
CY2023Q1	us-gaap	Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents	107536000	usd
CY2024Q1	us-gaap	Number Of Reportable Segments NumberOfReportableSegments	2	segment
CY2024Q1	us-gaap	Number Of Operating Segments NumberOfOperatingSegments	2	segment
CY2024Q1	us-gaap	Use Of Estimates UseOfEstimates	<div style="margin-top:12pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:700;line-height:120%">Estimates and Assumptions</span></div><div style="margin-top:12pt;text-indent:36pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">The preparation of the condensed consolidated financial statements in conformity with U.S. GAAP requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the financial statements and the reported amounts of revenue and expenses during the reporting period. Actual results could differ from those estimates.</span></div>
CY2024Q1	us-gaap	Foreign Currency Transaction Gain Loss Before Tax ForeignCurrencyTransactionGainLossBeforeTax	100000	usd
CY2023Q1	us-gaap	Foreign Currency Transaction Gain Loss Before Tax ForeignCurrencyTransactionGainLossBeforeTax	-200000	usd
CY2024Q1	us-gaap	Revenue From Contract With Customer Including Assessed Tax RevenueFromContractWithCustomerIncludingAssessedTax	64843000	usd
CY2023Q1	us-gaap	Revenue From Contract With Customer Including Assessed Tax RevenueFromContractWithCustomerIncludingAssessedTax	57607000	usd
CY2024Q1	us-gaap	Gross Profit GrossProfit	47395000	usd
CY2023Q1	us-gaap	Gross Profit GrossProfit	39286000	usd
CY2024Q1	ospn	Gross Margin Percentage GrossMarginPercentage	0.73
CY2023Q1	ospn	Gross Margin Percentage GrossMarginPercentage	0.68
CY2024Q1	us-gaap	Operating Income Loss OperatingIncomeLoss	14110000	usd
CY2023Q1	us-gaap	Operating Income Loss OperatingIncomeLoss	-8130000	usd
CY2024Q1	us-gaap	Interest Income Expense Nonoperating Net InterestIncomeExpenseNonoperatingNet	101000	usd
CY2023Q1	us-gaap	Interest Income Expense Nonoperating Net InterestIncomeExpenseNonoperatingNet	503000	usd
CY2024Q1	us-gaap	Other Nonoperating Income Expense OtherNonoperatingIncomeExpense	291000	usd
CY2023Q1	us-gaap	Other Nonoperating Income Expense OtherNonoperatingIncomeExpense	-40000	usd
CY2024Q1	ospn	Operating Income Loss Before Tax OperatingIncomeLossBeforeTax	14502000	usd
CY2023Q1	ospn	Operating Income Loss Before Tax OperatingIncomeLossBeforeTax	-7667000	usd
CY2024Q1	us-gaap	Number Of Reportable Segments NumberOfReportableSegments	2	segment
CY2024Q1	us-gaap	Number Of Operating Segments NumberOfOperatingSegments	2	segment
CY2024Q1	us-gaap	Revenue From Contract With Customer Including Assessed Tax RevenueFromContractWithCustomerIncludingAssessedTax	64843000	usd
CY2023Q1	us-gaap	Revenue From Contract With Customer Including Assessed Tax RevenueFromContractWithCustomerIncludingAssessedTax	57607000	usd
CY2024Q1	us-gaap	Revenue From Contract With Customer Including Assessed Tax RevenueFromContractWithCustomerIncludingAssessedTax	64843000	usd
CY2023Q1	us-gaap	Revenue From Contract With Customer Including Assessed Tax RevenueFromContractWithCustomerIncludingAssessedTax	57607000	usd
CY2024Q1	us-gaap	Revenue From Contract With Customer Including Assessed Tax RevenueFromContractWithCustomerIncludingAssessedTax	64843000	usd
CY2023Q1	us-gaap	Revenue From Contract With Customer Including Assessed Tax RevenueFromContractWithCustomerIncludingAssessedTax	57607000	usd
CY2024Q1	us-gaap	Accounts Receivable Net Current AccountsReceivableNetCurrent	32382000	usd
CY2023Q4	us-gaap	Accounts Receivable Net Current AccountsReceivableNetCurrent	64387000	usd
CY2024Q1	us-gaap	Contract With Customer Asset Gross ContractWithCustomerAssetGross	5607000	usd
CY2023Q4	us-gaap	Contract With Customer Asset Gross ContractWithCustomerAssetGross	5322000	usd
CY2024Q1	us-gaap	Contract With Customer Liability ContractWithCustomerLiability	59489000	usd
CY2023Q4	us-gaap	Contract With Customer Liability ContractWithCustomerLiability	73483000	usd
CY2024Q1	us-gaap	Contract With Customer Liability Revenue Recognized ContractWithCustomerLiabilityRevenueRecognized	30400000	usd
CY2024Q1	us-gaap	Revenue Remaining Performance Obligation RevenueRemainingPerformanceObligation	38656000	usd
CY2024Q1	us-gaap	Revenue Remaining Performance Obligation RevenueRemainingPerformanceObligation	28253000	usd
CY2024Q1	us-gaap	Revenue Remaining Performance Obligation RevenueRemainingPerformanceObligation	15586000	usd
CY2024Q1	us-gaap	Revenue Remaining Performance Obligation RevenueRemainingPerformanceObligation	5162000	usd
CY2024Q1	us-gaap	Revenue Remaining Performance Obligation RevenueRemainingPerformanceObligation	87657000	usd
CY2024Q1	us-gaap	Capitalized Contract Cost Amortization Period CapitalizedContractCostAmortizationPeriod	P7Y
CY2023Q1	us-gaap	Goodwill Impairment Loss GoodwillImpairmentLoss	0	usd
CY2024Q1	us-gaap	Goodwill Impairment Loss GoodwillImpairmentLoss	0	usd
CY2024Q1	us-gaap	Capitalized Contract Cost Net Current CapitalizedContractCostNetCurrent	3644000	usd
CY2023Q4	us-gaap	Capitalized Contract Cost Net Current CapitalizedContractCostNetCurrent	3503000	usd
CY2024Q1	us-gaap	Capitalized Contract Cost Net Noncurrent CapitalizedContractCostNetNoncurrent	10740000	usd
CY2023Q4	us-gaap	Capitalized Contract Cost Net Noncurrent CapitalizedContractCostNetNoncurrent	10766000	usd
CY2024Q1	us-gaap	Capitalized Contract Cost Amortization CapitalizedContractCostAmortization	884000	usd
CY2023Q1	us-gaap	Capitalized Contract Cost Amortization CapitalizedContractCostAmortization	731000	usd
CY2024Q1	us-gaap	Inventory Parts And Components Net Of Reserves InventoryPartsAndComponentsNetOfReserves	6667000	usd
CY2023Q4	us-gaap	Inventory Parts And Components Net Of Reserves InventoryPartsAndComponentsNetOfReserves	8511000	usd
CY2024Q1	us-gaap	Inventory Finished Goods And Work In Process Net Of Reserves InventoryFinishedGoodsAndWorkInProcessNetOfReserves	7927000	usd
CY2023Q4	us-gaap	Inventory Finished Goods And Work In Process Net Of Reserves InventoryFinishedGoodsAndWorkInProcessNetOfReserves	7042000	usd
CY2024Q1	us-gaap	Inventory Net InventoryNet	14594000	usd
CY2023Q4	us-gaap	Inventory Net InventoryNet	15553000	usd
CY2023Q4	us-gaap	Goodwill Goodwill	93684000	usd
CY2024Q1	us-gaap	Goodwill Foreign Currency Translation Gain Loss GoodwillForeignCurrencyTranslationGainLoss	-615000	usd
CY2024Q1	us-gaap	Goodwill Goodwill	93069000	usd
CY2024Q1	us-gaap	Finite Lived Intangible Assets Gross FiniteLivedIntangibleAssetsGross	91454000	usd
CY2024Q1	us-gaap	Finite Lived Intangible Assets Accumulated Amortization FiniteLivedIntangibleAssetsAccumulatedAmortization	81308000	usd
CY2023Q4	us-gaap	Finite Lived Intangible Assets Gross FiniteLivedIntangibleAssetsGross	91745000	usd
CY2023Q4	us-gaap	Finite Lived Intangible Assets Accumulated Amortization FiniteLivedIntangibleAssetsAccumulatedAmortization	80913000	usd
CY2024Q1	us-gaap	Adjustment For Amortization AdjustmentForAmortization	700000	usd
CY2023Q1	us-gaap	Adjustment For Amortization AdjustmentForAmortization	600000	usd
CY2023Q1	us-gaap	Asset Impairment Charges AssetImpairmentCharges	0	usd
CY2024Q1	us-gaap	Asset Impairment Charges AssetImpairmentCharges	0	usd
CY2024Q1	us-gaap	Property Plant And Equipment Gross PropertyPlantAndEquipmentGross	35137000	usd
CY2023Q4	us-gaap	Property Plant And Equipment Gross PropertyPlantAndEquipmentGross	32251000	usd
CY2024Q1	us-gaap	Accumulated Depreciation Depletion And Amortization Property Plant And Equipment AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment	14791000	usd
CY2023Q4	us-gaap	Accumulated Depreciation Depletion And Amortization Property Plant And Equipment AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment	13529000	usd
CY2024Q1	us-gaap	Property Plant And Equipment Net PropertyPlantAndEquipmentNet	20346000	usd
CY2023Q4	us-gaap	Property Plant And Equipment Net PropertyPlantAndEquipmentNet	18722000	usd
CY2024Q1	us-gaap	Depreciation Depreciation	1400000	usd
CY2023Q1	us-gaap	Depreciation Depreciation	700000	usd
CY2023Q4	us-gaap	Financing Receivable Allowance For Credit Losses FinancingReceivableAllowanceForCreditLosses	1536000	usd
CY2024Q1	us-gaap	Provision For Loan Losses Expensed ProvisionForLoanLossesExpensed	-48000	usd
CY2024Q1	us-gaap	Allowance For Doubtful Accounts Receivable Write Offs AllowanceForDoubtfulAccountsReceivableWriteOffs	15000	usd
CY2024Q1	us-gaap	Financing Receivable Allowance For Credit Loss Foreign Currency Translation FinancingReceivableAllowanceForCreditLossForeignCurrencyTranslation	1000	usd
CY2024Q1	us-gaap	Financing Receivable Allowance For Credit Losses FinancingReceivableAllowanceForCreditLosses	1472000	usd
CY2024Q1	us-gaap	Operating Lease Cost OperatingLeaseCost	659000	usd
CY2023Q1	us-gaap	Operating Lease Cost OperatingLeaseCost	773000	usd
CY2024Q1	us-gaap	Operating Lease Weighted Average Remaining Lease Term1 OperatingLeaseWeightedAverageRemainingLeaseTerm1	P5Y2M12D
CY2024Q1	us-gaap	Operating Lease Weighted Average Discount Rate Percent OperatingLeaseWeightedAverageDiscountRatePercent	0.05
CY2024Q1	us-gaap	Operating Lease Payments OperatingLeasePayments	700000	usd
CY2024Q1	us-gaap	Right Of Use Asset Obtained In Exchange For Operating Lease Liability RightOfUseAssetObtainedInExchangeForOperatingLeaseLiability	500000	usd
CY2023Q4	us-gaap	Lessor Operating Lease Lease Not Yet Commenced Term Of Contract1 LessorOperatingLeaseLeaseNotYetCommencedTermOfContract1	P9Y
CY2023Q4	us-gaap	Lessee Operating Lease Liability Payments Due LesseeOperatingLeaseLiabilityPaymentsDue	1300000	usd
CY2024Q1	us-gaap	Lessee Operating Lease Liability Payments Remainder Of Fiscal Year LesseeOperatingLeaseLiabilityPaymentsRemainderOfFiscalYear	1792000	usd
CY2024Q1	us-gaap	Lessee Operating Lease Liability Payments Due Next Twelve Months LesseeOperatingLeaseLiabilityPaymentsDueNextTwelveMonths	1687000	usd
CY2024Q1	us-gaap	Lessee Operating Lease Liability Payments Due Year Two LesseeOperatingLeaseLiabilityPaymentsDueYearTwo	1594000	usd
CY2024Q1	us-gaap	Lessee Operating Lease Liability Payments Due Year Three LesseeOperatingLeaseLiabilityPaymentsDueYearThree	1411000	usd
CY2024Q1	us-gaap	Lessee Operating Lease Liability Payments Due Year Four LesseeOperatingLeaseLiabilityPaymentsDueYearFour	1304000	usd
CY2024Q1	ospn	Lessee Operating Lease Liability To Be Paid After Year Four LesseeOperatingLeaseLiabilityToBePaidAfterYearFour	1347000	usd
CY2024Q1	us-gaap	Lessee Operating Lease Liability Undiscounted Excess Amount LesseeOperatingLeaseLiabilityUndiscountedExcessAmount	1221000	usd
CY2024Q1	ospn	Lessee Operating Lease Liability Accrued Early Lease Termination Fees Amount LesseeOperatingLeaseLiabilityAccruedEarlyLeaseTerminationFeesAmount	714000	usd
CY2024Q1	us-gaap	Lessee Operating Lease Liability Payments Due LesseeOperatingLeaseLiabilityPaymentsDue	8628000	usd
CY2024Q1	us-gaap	Effective Income Tax Rate Continuing Operations EffectiveIncomeTaxRateContinuingOperations	0.15
CY2024Q1	us-gaap	Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRate	0.21
CY2024Q1	us-gaap	Income Taxes Paid Net IncomeTaxesPaidNet	900000	usd
CY2023Q1	us-gaap	Income Taxes Paid Net IncomeTaxesPaidNet	1100000	usd
CY2024Q1	us-gaap	Share Based Compensation ShareBasedCompensation	1540000	usd
CY2023Q1	us-gaap	Share Based Compensation ShareBasedCompensation	3812000	usd
CY2024Q1	us-gaap	Deferred Compensation Arrangement With Individual Compensation Expense DeferredCompensationArrangementWithIndividualCompensationExpense	81000	usd
CY2023Q1	us-gaap	Deferred Compensation Arrangement With Individual Compensation Expense DeferredCompensationArrangementWithIndividualCompensationExpense	111000	usd
CY2024Q1	us-gaap	Allocated Share Based Compensation Expense AllocatedShareBasedCompensationExpense	1621000	usd
CY2023Q1	us-gaap	Allocated Share Based Compensation Expense AllocatedShareBasedCompensationExpense	3923000	usd
CY2024Q1	us-gaap	Net Income Loss NetIncomeLoss	13468000	usd
CY2023Q1	us-gaap	Net Income Loss NetIncomeLoss	-8356000	usd
CY2024Q1	us-gaap	Weighted Average Number Of Shares Outstanding Basic WeightedAverageNumberOfSharesOutstandingBasic	38060000	shares
CY2023Q1	us-gaap	Weighted Average Number Of Shares Outstanding Basic WeightedAverageNumberOfSharesOutstandingBasic	40057000	shares
CY2024Q1	us-gaap	Incremental Common Shares Attributable To Share Based Payment Arrangements IncrementalCommonSharesAttributableToShareBasedPaymentArrangements	403000	shares
CY2023Q1	us-gaap	Incremental Common Shares Attributable To Share Based Payment Arrangements IncrementalCommonSharesAttributableToShareBasedPaymentArrangements	0	shares
CY2024Q1	us-gaap	Weighted Average Number Of Diluted Shares Outstanding WeightedAverageNumberOfDilutedSharesOutstanding	38463000	shares
CY2023Q1	us-gaap	Weighted Average Number Of Diluted Shares Outstanding WeightedAverageNumberOfDilutedSharesOutstanding	40057000	shares
CY2024Q1	us-gaap	Earnings Per Share Basic EarningsPerShareBasic	0.35
CY2023Q1	us-gaap	Earnings Per Share Basic EarningsPerShareBasic	-0.21
CY2024Q1	us-gaap	Earnings Per Share Diluted EarningsPerShareDiluted	0.35
CY2023Q1	us-gaap	Earnings Per Share Diluted EarningsPerShareDiluted	-0.21
CY2024Q1	us-gaap	Loss Contingency Accrual At Carrying Value LossContingencyAccrualAtCarryingValue	1200000	usd
CY2023Q4	us-gaap	Restructuring Reserve RestructuringReserve	5015000	usd
CY2024Q1	us-gaap	Restructuring Reserve Period Increase Decrease RestructuringReservePeriodIncreaseDecrease	1423000	usd
CY2024Q1	us-gaap	Payments For Restructuring PaymentsForRestructuring	2206000	usd
CY2024Q1	us-gaap	Restructuring Reserve RestructuringReserve	4232000	usd

Files In Submission

Name	View Source	Status
0001628280-24-020067-index-headers.html	Edgar Link	pending
0001628280-24-020067-index.html	Edgar Link	pending
0001628280-24-020067.txt	Edgar Link	pending
0001628280-24-020067-xbrl.zip	Edgar Link	pending
a2024managementincentivepl.htm	Edgar Link	pending
Financial_Report.xlsx	Edgar Link	pending
imagea.jpg	Edgar Link	pending
MetaLinks.json	Edgar Link	pending
ospn-20240331.htm	Edgar Link	pending
ospn-20240331.xsd	Edgar Link	pending
ospn-2024q1xexx311.htm	Edgar Link	pending
ospn-2024q1xexx312.htm	Edgar Link	pending
ospn-2024q1xexx321.htm	Edgar Link	pending
ospn-2024q1xexx322.htm	Edgar Link	pending
R1.htm	Edgar Link	pending
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R4.htm	Edgar Link	pending
R40.htm	Edgar Link	pending
R41.htm	Edgar Link	pending
ospn-20240331_lab.xml	Edgar Link	unprocessable
ospn-20240331_pre.xml	Edgar Link	unprocessable
ospn-20240331_htm.xml	Edgar Link	completed
R42.htm	Edgar Link	pending
R43.htm	Edgar Link	pending
R44.htm	Edgar Link	pending
R45.htm	Edgar Link	pending
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report.css	Edgar Link	pending
Show.js	Edgar Link	pending
FilingSummary.xml	Edgar Link	unprocessable
ospn-20240331_cal.xml	Edgar Link	unprocessable
ospn-20240331_def.xml	Edgar Link	unprocessable

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$OSPN
OneSpan Inc. Stock $ospn

2024 Q2 Form 10-Q Financial Statement

#000162828024020067 Filed on May 02, 2024

Income Statement

Balance Sheet

Cashflow Statement

Facts In Submission

Files In Submission

$OSPN OneSpan Inc. Stock $ospn

2024 Q2 Form 10-Q Financial Statement

#000162828024020067 Filed on May 02, 2024

Income Statement

Balance Sheet

Cashflow Statement

Facts In Submission

Files In Submission

$OSPN
OneSpan Inc. Stock $ospn