OneSpan Inc (NASDAQ: OSPN) shares are soaring 8.94% in pre-market trading on Friday following the release of its impressive first-quarter 2025 financial results and a positive outlook for the year ahead. The cybersecurity and digital agreements company reported record-high adjusted EBITDA and maintained its full-year guidance despite macroeconomic uncertainties.

OneSpan's Q1 2025 highlights include: - Record high adjusted EBITDA of $23 million, up 15% year-over-year - Adjusted EBITDA margin of 36.4%, also a new record - Annual Recurring Revenue (ARR) growth of 9% to $168.4 million - Non-GAAP earnings per share of $0.45, up from $0.39 in Q1 2024 - Strong cash generation with $29.4 million from operations

During the earnings call, CEO Victor Limongelli expressed confidence in the company's performance, stating, "We've had a good start to the year in terms of bookings, and the sales team's performance has been strong." The company maintained its full-year 2025 guidance, expecting revenue between $245 million and $251 million, and adjusted EBITDA in the range of $72 million to $76 million. This positive outlook, combined with the strong Q1 results, appears to be driving investor enthusiasm and the significant stock price increase.