NASDAQ$QLYS

Qualys Inc. · Q4 2020 earnings

Q4 2020 earnings · · Investor relations

Briefing

Reported a revenue increase of 12% year-over-year, a GAAP EPS of $0.59, and a non-GAAP EPS of $0.71.

Qualys announced its Q4 2020 financial results, reporting a revenue of $94.8 million, a GAAP EPS of $0.59, and a non-GAAP EPS of $0.71. The company's revenue increased by 12% compared to the same quarter in 2019. Qualys also announced an additional $100 million share repurchase program.

  • Q4 revenue increased by 12% year-over-year to $94.8 million.
  • Q4 GAAP EPS was $0.59, and non-GAAP EPS was $0.71.
  • The company delivered a free 60-day integrated VMDR service to help organizations assess devices impacted by SolarWinds and FireEye breaches.
  • Qualys announced an additional $100 million share repurchase program.

Headline financials

Total Revenue

$94.8M

Previous: $84.7M+12.0%
EPS (adj)

$0.71

Previous: $0.64+10.9%
Capital Expenditures

$7.3M

Previous: $8.1M-9.9%
Free Cash Flow

$31.5M

Previous: $25.6M+23.2%
Net Income

$23.8M

Previous: $20.7M+15.0%
Operating Income

$24.4M

Previous: $19.5M+25.1%
Gross Profit

$73.6M

Previous: $67.5M+9.0%
Cash & Equivalents

$74.1M

Previous: $87.6M-15.3%
Total Assets

$737M

Previous: $676M+9.1%
Stock-Based Comp

$10.1M

Previous: $9.73M+3.9%

Revenue & EPS history

Qualys · Revenue · Quarterly

$94.8M

Q4 2020+12%vs Q4 2019
Beat estimate in 16 of 16 quarters(100%)
ActualEstimate

Forward guidance

Qualys provided financial guidance for the first quarter and full year fiscal 2021, with revenue expected to be in the range of $94.8 million to $95.4 million for Q1 2021 and between $399.0 million to $402.0 million for FY 2021.

Tailwinds

  • First quarter 2021 revenue expected to be in the range of $94.8 million to $95.4 million, representing 10% to 11% growth over the same quarter in 2020.
  • First quarter 2021 GAAP net income per diluted share is expected to be in the range of $0.37 to $0.39.
  • First quarter 2021 non-GAAP net income per diluted share is expected to be in the range of $0.68 to $0.70.
  • Full year 2021 revenue expected to be in the range of $399.0 million to $402.0 million, representing 10% to 11% growth over 2020.
  • Full year 2021 GAAP net income per diluted share is expected to be in the range of $1.39 to $1.44.

Headwinds

  • Guidance is subject to various important cautionary factors, including risks and uncertainties associated with the COVID-19 pandemic.
  • GAAP net income per diluted share estimates assume an effective income tax rate of 26%.
  • Non-GAAP net income per diluted share estimates assume a non-GAAP effective income tax rate of 21%.
  • First quarter 2021 net income per diluted share estimates are based on approximately 40.6 million weighted average diluted shares outstanding for the quarter.
  • Full year 2021 net income per diluted share estimates are based on approximately 40.8 million weighted average diluted shares outstanding.

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 2020

Historical avgQ4 2020

+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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