NASDAQ$QLYS

Qualys Inc. · Q3 2024 earnings

Q3 2024 earnings · · Investor relations

Briefing

Qualys' Q3 2024 financial results announced, demonstrating revenue growth and strategic advancements.

Qualys reported Q3 2024 revenues of $153.9 million, an 8% increase year-over-year. GAAP EPS was $1.24, and non-GAAP EPS was $1.56. The company has raised its 2024 revenue and EPS guidance.

  • Revenue increased by 8% year-over-year to $153.9 million.
  • GAAP EPS reached $1.24, while non-GAAP EPS was $1.56.
  • Launched Qualys' TruRisk Eliminate for remediation and Qualys TotalAI for securing generative AI.
  • The company raised its full year 2024 revenue guidance to $602.9-$605.9 million.

Headline financials

Total Revenue

$154M

Previous: $142M+8.4%
EPS

$1.24

Previous: $1.51-17.9%
GAAP Gross Margin

81.0%

No prior period
Non-GAAP Gross Margin

83.0%

No prior period
Capital Expenditures

-$6.5M

Previous: -$7.26M+10.5%
Free Cash Flow

$39.7M

Previous: $39.3M+1.2%
Net Income

$46.2M

Previous: $46.5M-0.7%
Operating Income

$45M

Previous: $43.6M+3.1%
Gross Profit

$125M

Previous: $115M+8.5%
Stock-Based Comp

$20.3M

Previous: $18.5M+9.8%

Revenue & EPS history

Qualys · Revenue · Quarterly

$154M

Q3 2024+8.4%vs Q3 2023
Beat estimate in 12 of 15 quarters(80%)
ActualEstimate

Forward guidance

Qualys provided financial guidance for Q4 and full year 2024, with expected revenue growth and increased EPS.

Tailwinds

  • Q4 2024 revenue is expected to be in the range of $154.5 million to $157.5 million, representing 7% to 9% growth over the same quarter in 2023.
  • Full year 2024 revenue is expected to be in the range of $602.9 million to $605.9 million, representing 9% growth over 2023.
  • GAAP net income per diluted share for Q4 is expected to be in the range of $0.84 to $0.94.
  • Non-GAAP net income per diluted share for Q4 is expected to be in the range of $1.28 to $1.38.
  • Full year 2024 GAAP net income per diluted share is expected to be in the range of $4.31 to $4.41.

Headwinds

  • Guidance is subject to various cautionary factors.
  • Estimates for net income per diluted share are based on approximately 36.9 million weighted average diluted shares outstanding for Q4.
  • Estimates assume an effective income tax rate of 21%.
  • Qualys has not reconciled non-GAAP net income per diluted share guidance to GAAP net income per diluted share guidance.
  • The actual dollar amount of reconciling items in the fourth quarter and full year 2024 is likely to have a significant impact on the Company’s GAAP net income per diluted share in the fourth quarter and full year 2024.

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 Q3 2024

Historical avgQ3 2024

+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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