OSPN

OneSpan Inc. Technology Software - Infrastructure

7/12
Innovation Score

Patent Activity

1/3
2 patents found FUZZY

Cash Runway

3/3
Operating cash flow positive — self-funding.
Cash on hand: $49.8M

Revenue Trajectory

1/3
Revenue: $245.8M
YoY Growth: +4.1%

Management Quality

2/3
Insider ownership: 2.5%
SBC/Revenue: 0.0%
No reverse splits detected

Key Metrics

Market Cap $453.4M
Revenue $245.8M
Revenue Growth (YoY) +4.1%
Cash on Hand $49.8M
Cash Runway Cash Flow Positive
Shares Outstanding 37.1M
Insider Ownership 2.5%
SBC / Revenue 0.0%
Sector / Industry Technology / Software - Infrastructure

Patents (2)

Match type: FUZZY — company name matched partially; verify assignee

7-Step Risk Assessment

How OSPN maps to our micro cap methodology:

  1. Innovation Signal 2 patents identified. This suggests the company is investing in defensible IP.
  2. Cash Runway Check Cash flow positive. No dilution risk from capital raises.
  3. Revenue Trajectory +4.1% YoY growth on $245.8M revenue. Positive but moderate growth.
  4. Management Alignment Insiders hold 2.5% of shares. SBC is 0.0% of revenue.
  5. Competitive Moat Review the company's 10-K for barriers to entry: patents, network effects, switching costs, regulatory approvals. This step requires manual research.
  6. Catalyst Identification Look for upcoming catalysts: FDA decisions, contract wins, product launches, partnerships. Check recent 8-K filings and earnings transcripts.
  7. Position Sizing Micro caps carry outsized risk. Consider position sizing relative to conviction level and portfolio concentration. This is a $453.4M company.

Financial Detail

Free Cash Flow $44.1M
FCF Yield 9.7%
Return on Equity 27.8%
Debt / Equity 2.9%
Gross Margin 73.9%
Profit Margin 28.5%
Operating Margin 22.9%
Price / Book 1.68
Current Ratio 1.25
Dividend Yield 425.00%
Share Count Change (YoY) N/A
Share Count Change (3yr) N/A

Quality Flags

Buffett Quality Wide Moat High ROE Low Debt FCF Positive

Free Cash Flow Trend

Insufficient Data
Consecutive Years FCF Positive 0

Disclaimer: This is an automated screening tool, not investment advice. Micro cap stocks are inherently risky with low liquidity and high volatility. The innovation score is based on publicly available data and may not reflect the full picture. Steps 5-7 of the methodology require your own research. See our full disclaimer.

Last screened: 2026-05-11