NASDAQ$QLYS

Qualys Inc. · Q4 2019 earnings

Q4 2019 earnings · · Investor relations

Briefing

Reported revenue growth and EPS for the fourth quarter and full year ended December 31, 2019.

Qualys announced strong Q4 2019 financial results with a 14% increase in revenue compared to the same quarter in 2018, reaching $84.7 million. GAAP EPS was reported at $0.50 and non-GAAP EPS at $0.64. The company also highlighted the upcoming release of its Vulnerability Management, Detection and Response (VMDR) app.

  • Q4 revenue increased by 14% year-over-year to $84.7 million.
  • GAAP gross profit for Q4 increased by 19% to $67.5 million compared to $56.7 million for the same quarter in 2018.
  • GAAP operating income for Q4 increased by 51% to $19.5 million compared to $12.9 million for the same quarter in 2018.
  • GAAP net income for Q4 was $20.7 million, or $0.50 per diluted share, compared to $14.4 million, or $0.35 per diluted share, for the same quarter in 2018.

Headline financials

Total Revenue

$84.7M

Previous: $74.2M+14.1%
EPS (adj)

$0.64

Previous: $0.51+25.5%
Calculated Current Billings

$96.5M

No prior period
Capital Expenditures

$8.1M

Previous: $3.28M+147.0%
Free Cash Flow

$25.6M

Previous: $23.4M+9.4%
Net Income

$20.7M

Previous: $14.4M+43.8%
Operating Income

$19.5M

Previous: $12.9M+50.7%
Gross Profit

$67.5M

Previous: $56.7M+19.1%
Cash & Equivalents

$87.6M

Previous: $41M+113.4%
Total Assets

$676M

Previous: $586M+15.4%
Stock-Based Comp

$9.73M

Previous: $7.42M+31.2%

Revenue & EPS history

Qualys · Revenue · Quarterly

$84.7M

Q4 2019+14.1%vs Q4 2018
Beat estimate in 16 of 16 quarters(100%)
ActualEstimate

Forward guidance

Management expects revenues for the first quarter of 2020 to be in the range of $85.7 million to $86.4 million, representing 14% to 15% growth over the same quarter in 2019. GAAP net income per diluted share is expected to be in the range of $0.35 to $0.37. Non-GAAP net income per diluted share is expected to be in the range of $0.60 to $0.62.

Tailwinds

  • Revenue growth of 14% to 15% is expected for Q1 2020.
  • GAAP net income per diluted share is expected to be in the range of $0.35 to $0.37 for Q1 2020.
  • Non-GAAP net income per diluted share is expected to be in the range of $0.60 to $0.62 for Q1 2020.
  • Revenue for the full year 2020 is expected to be in the range of $364 million to $369 million, representing 13% to 15% growth over 2019.
  • GAAP net income per diluted share is expected to be in the range of $1.60 to $1.65 for the full year 2020.

Headwinds

  • GAAP net income per diluted share is expected to be in the range of $0.35 to $0.37 for Q1 2020.
  • Non-GAAP net income per diluted share is expected to be in the range of $0.60 to $0.62 for Q1 2020.
  • Revenue for the full year 2020 is expected to be in the range of $364 million to $369 million.
  • GAAP net income per diluted share is expected to be in the range of $1.60 to $1.65 for the full year 2020.
  • Non-GAAP net income per diluted share is expected to be in the range of $2.57 to $2.62 for the full year 2020.

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 Q4 2019

Historical avgQ4 2019

+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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