Shares of OneSpan Inc (OSPN) surged 5.05% in after-hours trading on Thursday, following the release of the company's impressive first-quarter 2025 financial results. The cybersecurity firm, which specializes in digital identity and anti-fraud solutions, delivered better-than-expected performance across key metrics, surpassing analyst estimates.

OneSpan reported quarterly revenue of $63.4 million, beating the consensus estimate of $62.6 million. The company's adjusted earnings per share (EPS) came in at $0.45, significantly outperforming the analyst expectation of $0.33 by 36.36%. This represents a 15.38% increase compared to the same period last year. Additionally, OneSpan's adjusted EBITDA for the quarter reached $23 million, substantially exceeding the IBES estimate of $17.7 million.

Other notable financial highlights from the Q1 report include an operating income of $17.2 million and a gross profit of $47.1 million. The company's annual recurring revenue (ARR) stood at $168.4 million, with subscription revenue contributing $43.6 million. Looking ahead, OneSpan provided a positive outlook for the full fiscal year, projecting revenue between $245 million and $251 million. The strong quarterly results and optimistic guidance likely fueled investor enthusiasm, driving the stock's after-hours rally.