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VASCO Data Security discloses FY'18 guidance

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VASCO Data Security discloses FY'18 guidance

VASCO Data Security International Inc. released its financial guidance for 2018, as well as its results for the fourth quarter and full year 2017.

It predicts revenue in the range of $197 million to $207 million and adjusted EBITDA of approximately $21 million to $25 million for 2018.

The company also reported non-GAAP net income of $5.7 million, or 14 cents per share, in the fourth quarter of 2017, compared to $6.3 million, or 16 cents per share, in the last three months of 2016.

For full year 2017, VASCO Data Security posted non-GAAP net income of $17.0 million, or 43 cents per share, compared to $21.5 million, or 54 cents per share, in 2016.