{
  "docId": "019f6b8f-2c96-7579-a769-2e509f3e13c4",
  "docSlug": "jarvis-legion-one-span-presentation-may-2021",
  "documentTitle": "Legion One Span Presentation May 2021",
  "authorId": "legion-one-span-presentation-may-2021",
  "authorName": null,
  "documentKindSlug": "activist-deck",
  "documentKindLabel": "Activist deck",
  "sourceTypeSlug": "activist_investor",
  "sourceTypeLabel": "Activist investor",
  "presentationDate": "2021-05-01 00:00:00",
  "orientation": null,
  "aspectRatio": null,
  "pageNumber": 46,
  "pageCount": 154,
  "prevPage": 45,
  "nextPage": 47,
  "slideType": "peer_benchmark",
  "function": "compare_peers",
  "density": "balanced",
  "nDataPoints": 42,
  "notes": "The table uses red dashed boxes to highlight specific data points for comparison.",
  "elementsJson": null,
  "metadataConfidence": 1,
  "imagePath": null,
  "slideHref": "/slides/019f6b8f-2c96-7579-a769-2e509f3e13c4/46",
  "deckHref": "/decks/019f6b8f-2c96-7579-a769-2e509f3e13c4",
  "deckJsonHref": "/decks/019f6b8f-2c96-7579-a769-2e509f3e13c4.json",
  "deckAnchorHref": "/decks/019f6b8f-2c96-7579-a769-2e509f3e13c4#slide-46",
  "components": [
    {
      "bbox": {
        "h": 0.02,
        "w": 0.5,
        "x": 0.09,
        "y": 0.93
      },
      "kind": "other",
      "text": "Source: SEC Filings, Company Presentation (Q1 2020 Earnings Presentation), Capital IQ (as of 5/14/21), Legion Partners' Estimates",
      "attrs": null,
      "subkind": "unclassified",
      "toolName": null,
      "toolSlug": null,
      "confidence": null,
      "componentId": "1f914ff7-dafb-4e35-abaa-ba134c90e711",
      "frameworkName": null,
      "frameworkSlug": null
    },
    {
      "bbox": {
        "h": 0.05,
        "w": 0.65,
        "x": 0.09,
        "y": 0.88
      },
      "kind": "other",
      "text": "Note: NCNO DBNE reported on a full year basis (figure as of FY2021 ended 1/31/21); ALKT DBNE as of 12/31/31; showing OSPN recurring revenue operating metrics; OSPN EV / ARR implied per analysis on prior page; all figures as of most recently reported quarter otherwise",
      "attrs": null,
      "subkind": "unclassified",
      "toolName": null,
      "toolSlug": null,
      "confidence": null,
      "componentId": "c8d2b0ad-3d43-47be-99f9-7b8c6e353c47",
      "frameworkName": null,
      "frameworkSlug": null
    },
    {
      "bbox": {
        "h": 0.6,
        "w": 0.82,
        "x": 0.09,
        "y": 0.27
      },
      "kind": "table",
      "text": "Comparison matrix of OneSpan and 6 peers across 8 metrics including ARR, Growth, DBNE, and EV/ARR multiples.",
      "attrs": null,
      "subkind": "data",
      "toolName": null,
      "toolSlug": null,
      "confidence": null,
      "componentId": "89e2ad07-78e7-45d7-8732-efd4749e976e",
      "frameworkName": null,
      "frameworkSlug": null
    },
    {
      "bbox": {
        "h": 0.04,
        "w": 0.6,
        "x": 0.09,
        "y": 0.12
      },
      "kind": "title",
      "text": "Direct Comparison to Select Recurring Revenue Peers",
      "attrs": null,
      "subkind": "headline",
      "toolName": null,
      "toolSlug": null,
      "confidence": null,
      "componentId": "56f1939f-74e2-4b66-99a6-12ebc2e09197",
      "frameworkName": null,
      "frameworkSlug": null
    },
    {
      "bbox": {
        "h": 0.06,
        "w": 0.8,
        "x": 0.09,
        "y": 0.18
      },
      "kind": "title",
      "text": "Diving deeper into the operating performance and valuation of OneSpan's most comparable peers further reveals a disconnected valuation",
      "attrs": null,
      "subkind": "subtitle",
      "toolName": null,
      "toolSlug": null,
      "confidence": null,
      "componentId": "641d0641-58ee-4c4a-890e-31db9a387a83",
      "frameworkName": null,
      "frameworkSlug": null
    }
  ],
  "metrics": [],
  "tools": [],
  "frameworks": [
    {
      "name": "comparison_frame",
      "slug": null,
      "matchId": "f56f8692-b2ca-4509-b001-7b0543092a68",
      "evidence": "Table comparing OneSpan to peers across financial metrics",
      "confidence": 1
    }
  ],
  "arcBeats": [
    {
      "to": 60,
      "from": 31,
      "beatId": "949d87d3-4d2d-49c1-8245-156aae134348",
      "arcName": "Overcoming the Monster",
      "arcSlug": "overcoming-monster",
      "beatName": "The Struggle for Change",
      "beatSlug": null,
      "evidence": "Legion presents its efforts to engage with the board and push for change",
      "position": 1,
      "confidence": 0.8,
      "parentBeatName": null,
      "parentBeatSlug": null
    }
  ],
  "loops": [],
  "imagePathAlt": null,
  "thumbSrc": null,
  "thumbSrcAlt": null,
  "locked": true
}