- Falling profits and stock price underperformance triggered a proxy contest.
- Consequently, OSPN has replaced almost all of its board and most C level positions. In May, it announced a new Strategic Plan.
- The new management's plan is not particularly striking as innovative, but could improve operational efficiency substantially.
- OSPN also operates in a very competitive and relatively harsh market.
- However, the company is trading at a multiple of 11 to historical average R&D capacity (defined below).
For further details see:
OneSpan Is Undergoing Changes And May Become Interesting In Future Quarters