← OneSpan Inc.
| Annual Trend | FY 2016 | FY 2017 | FY 2018 | FY 2019 | FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash flows from operating activities: | ||||||||||||
| Adjustments to reconcile net income to net cash provided by operating activities: | ||||||||||||
| Net Income (Loss), Including Portion Attributable to Noncontrolling Interest | $10.5m | ($22.4m) | $3.8m | $8.8m | ($5.5m) | ($30.6m) | ($14.4m) | ($29.8m) | $57.1m | $72.9m | — | |
| Depreciation, Depletion and Amortization | $10.8m | $10.6m | $12.1m | $11.5m | $12.0m | $8.9m | $7.1m | $6.5m | $8.4m | $10.1m | $12.1m | |
| Amortization | — | — | — | — | — | — | — | $2.8m | $2.6m | $2.8m | $12.1m | |
| Amortization of Intangible Assets | $8.8m | $8.8m | $9.4m | $9.5m | $9.1m | $5.9m | $4.1m | $2.4m | $2.4m | $2.5m | — | |
| Depreciation | $1.9m | — | $2.3m | $2.1m | $2.9m | $3.0m | $2.9m | $3.7m | $5.8m | $7.3m | $12.1m | |
| Deferred Income Tax Expense (Benefit) | ($5.0m) | $13.1m | ($7.4m) | ($1.6m) | ($1.5m) | $2.0m | $922k | ($43k) | ($16.3m) | ($30.4m) | ($30.6m) | |
| Share-based Payment Arrangement, Noncash Expense | $2.8m | $3.5m | $4.0m | $3.4m | $4.7m | $4.4m | $8.6m | $14.3m | $9.0m | $11.2m | $10.3m | |
| Payment, Tax Withholding, Share-based Payment Arrangement | $1.1m | $640k | $970k | $569k | $2.0m | $2.9m | $1.6m | $2.9m | $5.0m | $5.1m | — | |
| Share-based Payment Arrangement, Expense | $4.9m | $5.4m | $6.1m | $5.3m | $6.0m | $5.2m | $8.8m | $14.6m | $9.2m | $11.3m | $10.3m | |
| Equity Securities without Readily Determinable Fair Value, Impairment Loss, Annual Amount | — | — | — | — | — | — | — | — | — | $0 | — | |
| Goodwill and Intangible Asset Impairment | — | — | $0 | $0 | $0 | $0 | $0 | $0 | — | — | — | |
| Goodwill, Impairment Loss | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $1.0m | |
| Impairment of Intangible Assets (Excluding Goodwill) | — | — | — | — | — | — | $0 | — | — | — | — | |
| Impairment of Intangible Assets, Finite-lived | — | — | $500k | — | $500k | — | — | — | $804k | $0 | — | |
| Equity Method Investment, Realized Gain (Loss) on Disposal | — | — | — | — | — | — | $14.8m | — | — | — | — | |
| Income (Loss) from Equity Method Investments | — | — | — | — | — | — | — | $0 | $0 | — | — | |
| Other Nonoperating Income (Expense) | $1.0m | $758k | — | ($527k) | $1.4m | ($14k) | $14.8m | ($532k) | ($125k) | ($1.1m) | — | |
| Changes in operating assets and liabilities: | ||||||||||||
| Increase (Decrease) in Accounts Receivable | $8.1m | $8.4m | $12.0m | $3.4m | ($6.8m) | ($2.0m) | $9.7m | ($1.6m) | ($6.9m) | ($3.6m) | ($4.9m) | |
| Accounts Receivable, Credit Loss Expense (Reversal) | — | — | — | — | — | — | — | — | $208k | $309k | ($4.9m) | |
| Increase (Decrease) in Inventories | ($3.2m) | ($5.4m) | $2.4m | $5.4m | ($6.7m) | ($2.2m) | $2.2m | $3.3m | ($4.1m) | ($1.6m) | $1.7m | |
| Inventory Write-down | — | — | — | — | — | — | — | $143k | $0 | $0 | — | |
| Increase (Decrease) in Accounts Payable | $163k | ($1.0m) | ($1.5m) | $3.6m | ($5.2m) | $2.7m | $9.3m | ($253k) | ($3.9m) | ($579k) | $223k | |
| Purchases of property and equipment, accrued but unpaid | $2.0m | $3.1m | $3.7m | $7.5m | $3.1m | $2.2m | $5.0m | $12.5m | $9.2m | $9.0m | ($12.0m) | |
| Net Cash Provided by (Used in) Operating Activities | $28.4m |
$17.6m
-37.97%
|
$1.2m
-93.04%
|
$18.2m
+1388.09%
|
$14.9m
-18.21%
|
($2.7m)
-118.40%
|
($5.8m)
-110.78%
|
($10.7m)
-85.53%
|
$55.7m
+618.56%
|
$59.5m
+6.80%
|
$51.9m
-12.64%
|
|
| Cash flows from investing activities: | ||||||||||||
| Payments to Acquire Property, Plant, and Equipment | $2.0m | $3.1m | $3.7m | $7.5m | $3.1m | $2.2m | $5.0m | $12.5m | $9.2m | $9.0m | ($12.0m) | |
| Gain (Loss) on Disposition of Property Plant Equipment, Excluding Oil and Gas Property and Timber Property | ($14k) | ($185k) | $49k | ($69k) | ($118k) | ($13k) | ($3.8m) | $2.7m | $1.1m | $709k | $55k | |
| Unrealized Gain (Loss) on Investments | — | — | — | — | — | $0 | — | — | — | — | — | |
| Payments to Acquire Businesses, Net of Cash Acquired | — | — | $53.1m | — | — | — | — | $1.8m | $0 | $14.7m | ($37.2m) | |
| Payments for (Proceeds from) Other Investing Activities | $4.4m | $349k | $236k | — | $133k | — | ($18.9m) | $0 | $0 | — | — | |
| Net Cash Provided by (Used in) Investing Activities | ($56.5m) | $12.8m | $194k | ($9.9m) | ($4.7m) | ($11.0m) | $46.6m | ($12.0m) | ($9.3m) | ($35.6m) | ($61.0m) | |
| Cash flows from financing activities: | ||||||||||||
| Payments for Repurchase of Common Stock | — | — | — | — | $5.0m | $7.5m | $5.7m | $29.2m | $3k | $13.1m | — | |
| Payments of Ordinary Dividends, Common Stock | — | — | — | — | — | — | — | — | — | $18.5m | ($19.1m) | |
| Dividends Payable, Current | — | — | — | — | — | — | — | — | $4.8m | $671k | — | |
| Net Cash Provided by (Used in) Financing Activities | ($1.1m) |
($640k)
+39.11%
|
($970k)
-51.56%
|
($569k)
+41.34%
|
($7.1m)
-1140.77%
|
($10.4m)
-47.22%
|
($7.3m)
+29.69%
|
($32.1m)
-339.16%
|
($5.2m)
+83.66%
|
($38.4m)
-632.65%
|
($40.6m)
-5.75%
|
|
| Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents, Period Increase (Decrease), Including Exchange Rate Effect | ($45k) | ($469k) | ($1.6m) | $7.6m | $4.1m | ($25.0m) | $33.1m | ($53.8m) | $39.8m | ($12.8m) | $43.2m | |
| Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents | $49.3m | $78.7m | $77.6m | $85.1m | $89.2m | $64.2m | $97.3m | $43.5m | $83.3m | $70.5m | $43.2m | |
| Effect of Exchange Rate on Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents | ($45k) | ($469k) | ($1.6m) | ($208k) | $914k | ($895k) | ($372k) | $997k | ($1.3m) | $1.7m | $157k | |
| Additional Supplementary Disclosures | ||||||||||||
| Additional Supplementary Disclosures | ||||||||||||
| Proceeds from Stock Options Exercised | $0 | — | — | — | — | — | — | — | — | — | — | |
| Supplemental disclosure of cash flow information: | ||||||||||||
| Interest Paid, Excluding Capitalized Interest, Operating Activities | — | $0 | — | — | — | — | $0 | $0 | — | — | — | |
| Income Taxes Paid, Net | $6.0m | $6.4m | $10.9m | $7.8m | $9.4m | $7.7m | $2.0m | $5.0m | $2.3m | $9.6m | — | |
| Noncash investing and financing activities: | ||||||||||||
| Additional Financial Items | ||||||||||||
| Foreign Currency Transaction Gain (Loss), before Tax | $111k | $464k | $200k | $1.5m | — | — | — | ($1.1m) | ($900k) | ($1.6m) | — | |
| Gain (Loss) on Disposition of Assets | — | — | — | — | — | — | — | ($455k) | — | ($55k) | — | |
| General and Administrative Expense | $31.6m | $37.4m | $41.6m | $43.9m | $46.3m | $53.0m | $55.6m | $58.3m | $46.0m | $45.7m | — | |
| Goodwill | — | $56.3m | $91.8m | $94.6m | $97.6m | $96.2m | $90.5m | $93.7m | $92.4m | $103.8m | $1.0m | |
| Income (Loss) from Continuing Operations, Net of Tax, Including Portion Attributable to Noncontrolling Interest | $10.6m | — | — | — | — | — | — | — | — | — | — | |
| Income (Loss) from Discontinued Operations, Net of Tax, Attributable to Parent | ($47k) | — | — | — | — | — | — | — | — | — | — | |
| Income Tax Expense (Benefit) | $863k | $30.8m | ($293k) | $6.7m | $2.0m | $4.4m | $2.7m | $2.5m | ($10.6m) | ($23.5m) | — | |
| Operating Expenses | $121.1m | $128.3m | $147.4m | $157.3m | $157.5m | $169.1m | $175.7m | $186.6m | $129.8m | $130.9m | — | |
| Payments of Financing Costs | — | — | — | — | — | — | — | — | — | $1.7m | — | |
| Financing Receivable, Credit Loss, Expense (Reversal) | — | — | — | — | — | ($16k) | $517k | $286k | — | — | — | |
| Revenue from Contract with Customer, Including Assessed Tax | — | — | $212.3m | $254.6m | $215.7m | $214.5m | $219.0m | $235.1m | — | — | — |