- YoY Q2 2020 revenue decreased by 2% due to reduced banking transactions and an acceleration of the company’s business transformation from product sales to SaaS.
- Recurring contract bookings are up by more than 50%. Some of that appears to be due to the company’s new e-Signature application.
- Investors dumped the stock in response to guidance withdrawal and admission of an accounting gaffe.
- The stock price is undervalued on a relative basis. This is a long-term buying opportunity.
For further details see:
OneSpan: A Buying Opportunity Despite The Accounting Gaffe