OneSpan Inc. reported earnings results for the first quarter ended March 31, 2023. For the first quarter, the company reported revenue was USD 57.61 million compared to USD 52.45 million a year ago. Net loss was USD 8.36 million compared to net income of USD 5.21 million a year ago.

Basic loss per share from continuing operations was USD 0.21 compared to basic earnings per share from continuing operations of USD 0.13 a year ago. Diluted loss per share from continuing operations was USD 0.21 compared to diluted earnings per share from continuing operations of USD 0.13 a year ago.