OneSpan (OSPN) - 2024 Q3 - Quarterly Results

Exhibit 99.1 OneSpan Reports Third Quarter 2024 Financial Results • Operating income was $11.3 million, compared to an operating loss of$ 4.8 million in the year-ago period • Revenue decreased 4% year-over-year to $56.2 million • Subscription revenue increased 29% year-over-year to$ 33.6 million • Annual Recurring Revenue (ARR) increased 9% year-over-year to $163.9 million 1 • Net Retention Rate (NRR) of 106% 2 BOSTON, October 30, 2024 – OneSpan Inc. (NASDAQ: OSPN) today reported financial results for the t ...