NASDAQ$QLYS

Qualys Inc. · Q2 2021 earnings

Q2 2021 earnings · · Investor relations

Briefing

Qualys announced financial results for Q2 2021, with revenue increasing by 12% year-over-year and paid cloud agent subscriptions growing 51% year-over-year.

Qualys delivered solid results for the second quarter of 2021, with revenues increasing by 12% to $99.7 million. The company's GAAP EPS was $0.53, and non-GAAP EPS was $0.79. Qualys is raising its full year 2021 revenue guidance to $406.0-$407.5 million.

  • Revenues for the second quarter of 2021 increased by 12% to $99.7 million compared to $88.8 million for the same quarter in 2020.
  • GAAP net income for the second quarter of 2021 was $21.1 million, or $0.53 per diluted share.
  • Non-GAAP net income for the second quarter of 2021 was $31.6 million, or $0.79 per diluted share.
  • Paid cloud agent subscriptions grew 51% year-over-year to 64 million deployed.

Headline financials

Total Revenue

$99.7M

Previous: $88.8M+12.2%
EPS (adj)

$0.79

Previous: $0.74+6.8%
Capital Expenditures

-$12.9M

Previous: -$11.6M-11.6%
Free Cash Flow

$8.23M

Previous: $14.8M-44.2%
Net Income

$21.1M

Previous: $26.3M-19.7%
Operating Income

$29.4M

Previous: $25.5M+15.1%
Gross Profit

$78.2M

Previous: $69.9M+11.7%
Cash & Equivalents

$97.3M

Previous: $114M-14.6%
Total Assets

$737M

Previous: $707M+4.3%
Stock-Based Comp

$8.55M

Previous: $9.44M-9.4%

Revenue & EPS history

Qualys · Revenue · Quarterly

$99.7M

Q2 2021+12.2%vs Q2 2020
Beat estimate in 16 of 16 quarters(100%)
ActualEstimate

Forward guidance

Qualys is issuing financial guidance for the third quarter and full year fiscal 2021. Revenues for the third quarter of 2021 are expected to be in the range of $103.8 million to $104.4 million, representing 12% growth over the same quarter in 2020. Management now expects revenues for the full year of 2021 to be in the range of $406.0 million to $407.5 million, representing 12% growth over 2020.

Tailwinds

  • Revenues for the third quarter of 2021 are expected to be in the range of $103.8 million to $104.4 million, representing 12% growth over the same quarter in 2020.
  • GAAP net income per diluted share is expected to be in the range of $0.46 to $0.48.
  • Non-GAAP net income per diluted share is expected to be in the range of $0.78 to $0.80.
  • Management now expects revenues for the full year of 2021 to be in the range of $406.0 million to $407.5 million, representing 12% growth over 2020.
  • GAAP net income per diluted share is expected to be in the range of $1.38 to $1.43.

Headwinds

  • Guidance is subject to various important cautionary factors.
  • Risks and uncertainties associated with the COVID-19 pandemic.
  • Assumes an effective income tax rate of 31%.
  • Non-GAAP net income per diluted share is expected to be in the range of $0.78 to $0.80, which assumes a non-GAAP effective income tax rate of 21%.
  • Assumes a non-GAAP effective income tax rate of 21%.

Historical earnings impact

How earnings announcements have historically affected this stock's price.

Avg. return before/after earnings

Based on 20 quarterly earnings reports · overlaid with Q2 2021

Historical avgQ2 2021

+0.5%

Avg return

Earnings day

+0.6%

Avg return

5 days after

+2.3%

Avg return

30 days after

56%

33 / 59 earnings

Positive

+27.8%

Q3 2024

Best reaction

-29.0%

Q1 2015

Worst reaction

Earnings price reactions
QuarterReport dateReaction (Day 0)+5 days+30 days
Q1 2026-3.7%-0.7%+19.3%
Q4 2025-13.3%-13.7%-22.8%
Q3 2025+20.7%+25.4%+20.5%
Q1 2025+0.7%+7.6%+11.9%
Q4 2024-3.7%-1.9%-9.5%
Q3 2024+27.8%+23.6%+25.8%
Q2 2024-5.8%-5.3%-7.0%
Q1 2024-12.0%-11.7%-20.6%
Q4 2023-4.0%-2.9%-4.6%
Q3 2023+11.9%+13.3%+23.7%
Q2 2023+6.2%+6.2%+15.3%
Q1 2023+8.3%+6.2%+20.8%
Q4 2022-1.2%-3.2%-4.2%
Q3 2022-19.6%-20.9%-12.8%
Q2 2022+11.7%+17.0%+17.8%
Q1 2022-3.0%-15.8%-1.9%
Q4 2021-15.4%-10.1%-6.5%
Q3 2021+9.7%+11.7%+2.1%
Q2 2021+7.5%+8.0%+14.8%
Q1 2021+3.5%+6.2%+5.4%
Q4 2020-19.0%-20.2%-22.5%
Q3 2020+3.8%+1.0%+1.3%
Q2 2020-13.0%-14.5%-14.0%
Q1 2020-1.0%-0.6%+3.0%
Q4 2019+0.5%+3.2%-20.4%
Q3 2019+3.3%+2.6%+5.9%
Q2 2019-5.4%-9.2%-10.7%
Q1 2019+1.7%-0.6%-1.8%
Q4 2018-13.1%-14.8%-10.5%
Q3 2018-2.6%+2.4%+5.6%
Q2 2018-3.7%-3.6%+0.8%
Q1 2018-2.5%-3.4%+0.0%
Q4 2017+12.4%+20.6%+28.7%
Q3 2017+6.9%+10.0%+12.9%
Q2 2017+10.7%+11.8%+15.2%
Q1 2017+5.4%+5.4%+10.2%
Q4 2016-4.8%-4.5%-5.0%
Q3 2016-4.9%-1.9%-11.5%
Q2 2016+3.4%+1.4%+14.8%
Q1 2016+2.1%
Q4 2015-27.6%
Q3 2015+0.7%
Q2 2015+5.0%
Q1 2015-29.0%
Q4 2014+16.3%
Q3 2014+8.5%
Q2 2014+23.7%
Q1 2014+8.5%
Q4 2013+1.8%
Q3 2013+2.6%
Q2 2013+13.3%
Q1 2013+1.4%
Q1 2011-1.9%
Q2 2011-1.9%
Q4 2010-1.9%
Q4 2012-4.1%
Q3 2011+1.7%
Q4 2011+1.7%
Q3 2012+2.1%
Q2 2012
Q1 2012

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