OneSpan Inc. OSPN Income Statement

Onespan inc. (OSPN)

Income statement / Quarterly

Mar'20	Dec'19	Sep'19	Jun'19	Mar'19	Dec'18	Sep'18	Jun'18	Mar'18	Dec'17	Sep'17	Jun'17	Mar'17	Dec'16	Sep'16	Jun'16	Mar'16	Dec'15	Sep'15	Jun'15	Mar'15	Dec'14	Sep'14	Jun'14	Mar'14	Dec'13	Sep'13	Jun'13	Mar'13	Dec'12	Sep'12	Jun'12	Mar'12	Dec'11	Sep'11	Jun'11	Mar'11	Sep'10	Jun'10
Revenue
Total revenue
56,492	71,003	79,725	56,234	47,608	64,799	52,495	49,554	45,432	54,506	51,126	45,694	41,965	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Total revenue
-	-	-	-	-	-	-	-	-	-	-	-	41,965	-	43,648	54,293	46,767	50,888	60,027	65,393	65,135	62,427	52,633	47,654	38,823	43,266	39,156	37,260	35,365	38,837	36,292	46,642	32,258	48,529	41,385	42,103	36,065	26,301	24,742
Cost of goods sold
Total cost of goods sold
16,070	21,374	26,669	17,880	16,039	22,553	17,952	13,573	10,735	18,598	14,480	13,646	12,053	15,644	13,598	17,742	14,663	19,792	23,755	26,895	27,461	29,197	17,038	16,633	13,027	15,418	14,102	13,378	12,278	14,456	12,437	17,191	10,380	16,502	13,633	16,397	13,438	7,756	7,306
Gross profit
40,422	49,629	53,056	38,354	31,569	42,246	34,543	35,981	34,697	35,908	36,646	32,048	29,912	31,952	30,050	36,551	32,104	31,096	36,272	38,498	37,674	33,230	35,595	31,021	25,796	27,848	25,054	23,882	23,087	24,381	23,855	29,451	21,878	32,027	27,752	25,706	22,627	18,545	17,436
Operating costs
Sales and marketing
14,859	16,924	14,156	16,040	14,383	16,867	16,039	16,622	14,277	15,997	13,956	15,339	13,702	15,365	13,453	15,659	12,870	9,582	8,842	9,982	9,793	9,779	10,729	11,310	10,371	10,847	9,375	10,470	9,631	9,616	8,889	9,856	9,407	10,739	9,575	10,956	9,024	7,473	7,727
Research and development
9,994	10,035	9,956	11,977	10,495	9,392	8,992	8,016	5,797	5,450	5,493	6,320	5,856	5,597	5,807	6,242	5,568	3,992	4,378	4,538	4,549	3,762	4,441	5,202	5,141	6,058	5,065	5,345	4,847	4,808	4,488	4,796	4,702	5,192	4,787	4,836	3,821	3,344	3,327
General and administrative
12,268	14,357	9,490	10,180	9,870	9,421	10,184	11,210	10,774	11,077	9,882	8,588	7,853	6,577	7,682	9,062	8,327	10,759	8,506	7,105	6,119	5,840	5,440	5,734	5,273	5,782	4,469	5,492	5,453	5,940	3,726	5,330	5,075	6,533	5,468	5,348	5,101	5,120	4,698
Amortization / impairment of intangible assets
2,354	2,419	2,335	2,368	2,348	2,465	2,442	2,744	2,201	2,206	2,203	2,201	2,199	2,227	2,196	2,202	2,224	1,595	1,091	1,120	1,136	1,140	1,143	1,129	1,120	1,119	1,114	651	441	478	476	472	479	481	486	507	493	106	108
Total operating costs
39,475	43,735	35,937	40,565	37,096	38,145	37,657	38,592	33,049	34,730	31,534	32,448	29,610	29,766	29,138	33,165	28,989	25,928	22,817	22,745	21,597	20,521	21,753	23,375	21,905	23,806	20,023	21,958	20,372	20,842	17,579	20,454	19,663	22,945	20,316	21,647	18,439	16,043	15,860
Operating income (loss)
947	5,894	17,119	-2,211	-5,527	4,101	-3,114	-2,611	1,648	1,178	5,112	-400	302	2,186	912	3,386	3,115	5,168	13,455	15,753	16,077	12,709	13,842	7,646	3,891	4,042	5,031	1,924	2,715	3,539	6,276	8,997	2,215	9,082	7,436	4,059	4,188	2,502	1,576
Interest income, net
207	315	228	69	135	274	258	340	393	415	386	340	290	281	229	166	109	80	107	97	80	49	35	10	24	32	48	40	42	54	62	68	77	139	164	131	109	91	63
Other expense, net
-338	1,184	-1,611	451	-551	239	246	1,399	380	356	-185	373	214	262	118	252	361	67	-25	273	-277	13	-986	249	438	130	-304	265	149	60	-183	300	232	241	-359	326	292	457	142
Income before income taxes
816	7,393	15,736	-1,691	-5,943	4,614	-2,610	-872	2,421	1,949	5,313	313	806	2,729	1,259	3,804	3,585	5,315	13,537	16,123	15,880	12,771	12,891	7,905	4,353	4,204	4,775	2,229	2,906	3,653	6,155	9,365	2,524	9,462	7,241	4,516	4,589	3,050	1,781
Provision (benefit) for income taxes
718	2,344	3,864	770	-272	650	-1,702	130	629	27,786	2,558	203	233	-2,283	781	979	1,386	1,873	2,351	2,257	2,223	1,788	1,682	1,012	827	868	1,406	379	494	1,498	1,473	1,967	530	-1,876	1,314	1,177	942	867	385
Net income-continuing operations
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	11,186	13,866	13,657	10,983	11,209	6,893	3,526	3,336	3,369	1,850	2,412	2,155	4,682	7,398	1,994	11,338	5,927	3,339	3,647	2,183	-
Net income (loss) from discontinued operations
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-4	-14	-23	942	-46	-7	-16	-106	-47	-41	374	-137	-173	-236	-84	-562	-3,691	-718	-1,147	0	-
Net income (loss)
98	5,049	11,872	-2,461	-5,671	3,964	-908	-1,002	1,792	-25,837	2,755	110	573	5,012	478	2,825	2,199	3,483	11,182	13,852	13,634	11,925	11,163	6,886	3,510	3,230	3,322	1,809	2,786	2,018	4,509	7,162	1,910	10,776	2,236	2,621	2,500	2,183	1,396
Basic income (loss) per share:
Continuing operations
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0.28	0.35	0.34	0.28	0.28	0.18	0.09	0.08	0.09	0.05	0.06	0.07	0.12	0.19	0.05	0.30	0.16	0.09	0.10	0.06	-
Discontinued operations
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0.00	0.00	0.00	0.02	0.00	0.00	0.00	-0.01	0.00	0.00	0.01	-0.01	0.00	-0.01	0.00	-0.01	-0.10	-0.02	-0.03	0.00	-
Basic (in dollars per share)
0.00	0.12	0.30	-0.06	-0.14	0.11	-0.02	-0.03	0.04	-0.64	0.07	0.00	0.01	0.13	0.01	0.07	0.06	0.10	0.28	0.35	0.34	0.30	0.28	0.18	0.09	0.07	0.09	0.05	0.07	0.06	0.12	0.18	0.05	0.28	0.06	0.07	0.07	0.06	0.04
Diluted income (loss) per share:
Continuing operations
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0.28	0.35	0.34	0.29	0.28	0.17	0.09	0.09	0.08	0.05	0.06	0.06	0.12	0.19	0.05	0.30	0.15	0.09	0.09	0.06	-
Discontinued operations
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0.00	0.00	0.00	0.02	0.00	0.00	0.00	-0.01	0.00	0.00	0.01	-0.01	0.00	-0.01	0.00	-0.02	-0.09	-0.02	-0.03	0.00	-
Diluted (in dollars per share)
0.00	0.12	0.30	-0.06	-0.14	0.11	-0.02	-0.03	0.04	-0.64	0.07	0.00	0.01	0.13	0.01	0.07	0.06	0.09	0.28	0.35	0.34	0.31	0.28	0.17	0.09	0.08	0.08	0.05	0.07	0.05	0.12	0.18	0.05	0.28	0.06	0.07	0.06	0.06	0.04
Weighted average common shares outstanding
Basic (in shares)
40,127	80,085	40	40,038	40,036	79,870	39	39,908	39,910	39,840	39,811	39,797	39,760	39,749	39,736	39,710	39,681	39,585	39,580	39,580	39,527	39,360	39,358	39,358	39,272	38,987	38,910	38,908	38,687	38,381	38,136	38,065	37,690	37,631	37,539	37,532	37,518	37,417	37,404
Diluted (in shares)
40,338	80,429	40	40,038	40,036	80,177	39	39,908	40,059	39,775	39,821	39,842	39,770	39,770	39,834	39,769	39,755	39,813	39,733	39,738	39,660	39,595	39,541	39,471	39,389	39,116	39,226	39,226	39,064	38,781	38,833	38,742	38,352	38,446	38,606	38,752	38,468	38,159	38,201
Product and license
Total revenue
38,260	51,014	61,181	40,117	31,861	47,615	36,882	34,986	33,494	42,803	38,421	34,472	31,561	37,271	34,251	45,804	38,731	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Total cost of goods sold
10,738	16,427	22,199	13,451	11,316	17,809	14,321	10,391	8,185	15,665	12,083	11,045	9,540	13,266	11,400	15,714	12,811	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Services and other
Total revenue
18,232	19,989	18,544	16,117	15,747	17,184	15,613	14,568	11,938	11,703	12,705	11,222	10,404	10,325	9,397	8,489	8,036	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Total cost of goods sold
5,332	4,947	4,470	4,429	4,723	4,744	3,631	3,182	2,550	2,933	2,397	2,601	2,513	2,378	2,198	2,028	1,852	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-