NASDAQ$QLYS

Qualys Inc. · Q4 2021 earnings

Q4 2021 earnings · · Investor relations

Briefing

Reported strong operating results for the fourth quarter, reflecting a year of early progress advancing go-to-market initiatives, significant platform innovation, and strong momentum heading into 2022.

Qualys announced its Q4 2021 financial results, with revenues of $109.8 million and GAAP EPS of $0.55. The company saw a 16% year-over-year increase in revenue and strong adoption of its Vulnerability Management, Detection and Response (VMDR®) application.

  • Q4 revenue increased by 16% year-over-year to $109.8 million.
  • GAAP gross profit for Q4 increased by 17% to $86.1 million.
  • GAAP operating income for Q4 increased by 19% to $29.0 million.
  • Customer penetration of Vulnerability Management, Detection and Response (VMDR®) application reached 36%.

Headline financials

Total Revenue

$110M

Previous: $94.8M+15.8%
EPS (adj)

$0.84

Previous: $0.71+18.3%
Capital Expenditures

$4.34M

Previous: $7.3M-40.6%
Free Cash Flow

$35.5M

Previous: $31.5M+12.8%
Net Income

$21.8M

Previous: $23.8M-8.4%
Operating Income

$29M

Previous: $24.4M+18.9%
Gross Profit

$86.1M

Previous: $73.6M+17.0%
Cash & Equivalents

$137M

Previous: $74.1M+85.2%
Total Assets

$815M

Previous: $737M+10.6%
Stock-Based Comp

$11.4M

Previous: $10.1M+12.4%

Revenue & EPS history

Qualys · Revenue · Quarterly

$110M

Q4 2021+15.8%vs Q4 2020
Beat estimate in 16 of 16 quarters(100%)
ActualEstimate

Forward guidance

Qualys provided financial guidance for Q1 2022, expecting revenues between $112.5 million and $113.1 million, and GAAP EPS between $0.51 and $0.53. For the full year 2022, the company anticipates revenues between $482.0 million and $485.0 million, and GAAP EPS between $1.59 and $1.64.

Tailwinds

  • Revenue for the first quarter of 2022 to be in the range of $112.5 million to $113.1 million, representing 16% to 17% growth over the same quarter in 2021.
  • GAAP net income per diluted share is expected to be in the range of $0.51 to $0.53, which assumes an effective income tax rate of 29%.
  • Non-GAAP net income per diluted share is expected to be in the range of $0.80 to $0.82, which assumes a non-GAAP effective income tax rate of 24%.
  • Revenue for the full year of 2022 to be in the range of $482.0 million to $485.0 million, representing 17% to 18% growth over 2021.
  • GAAP net income per diluted share is expected to be in the range of $1.59 to $1.64. This assumes an effective income tax rate of 29%.

Headwinds

  • Guidance is subject to various important cautionary factors referenced in the section entitled “Legal Notice Regarding Forward-Looking Statements”.
  • Our expectations and beliefs regarding these matters may not materialize
  • Actual results in future periods are subject to risks and uncertainties that could cause actual results to differ materially from those projected.
  • Real or perceived defects, errors or vulnerabilities in our products or services
  • Unexpected fluctuations in our effective income tax rate on a GAAP and non-GAAP basis

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 2021

Historical avgQ4 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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