NASDAQ$QLYS

Qualys Inc. · Q4 2022 earnings

Q4 2022 earnings · · Investor relations

Briefing

Qualys reported strong revenue growth, profitability, and cash flow generation for Q4 2022.

Qualys announced its Q4 and Full Year 2022 financial results, reporting a 19% increase in revenue for both the quarter and the full year. Q4 revenue reached $130.8 million, with GAAP EPS at $0.74 and non-GAAP EPS at $1.01. The company also announced a $100 million increase to its share repurchase program.

  • Q4 2022 revenue increased by 19% year-over-year to $130.8 million.
  • Q4 2022 GAAP EPS was $0.74, and non-GAAP EPS was $1.01.
  • GAAP gross profit for Q4 2022 increased by 20% to $103.1 million.
  • Qualys introduced TotalCloud with FlexScan for cloud-native Vulnerability Management, Detection and Response (VMDR).

Headline financials

Total Revenue

$131M

Previous: $110M+19.2%
EPS (adj)

$1.01

Previous: $0.84+20.2%
Capital Expenditures

$2.97M

Previous: $4.34M-31.5%
Free Cash Flow

$40.9M

Previous: $35.5M+15.0%
Net Income

$28.3M

Previous: $21.8M+29.8%
Operating Income

$30.7M

Previous: $29M+5.9%
Gross Profit

$103M

Previous: $86.1M+19.7%
Cash & Equivalents

$174M

Previous: $137M+26.5%
Total Assets

$701M

Previous: $815M-13.9%
Stock-Based Comp

$15.6M

Previous: $11.4M+36.9%

Revenue & EPS history

Qualys · Revenue · Quarterly

$131M

Q4 2022+19.2%vs Q4 2021
Beat estimate in 12 of 15 quarters(80%)
ActualEstimate

Forward guidance

Qualys provided financial guidance for the first quarter and full year of fiscal 2023, with revenue expected to be in the range of $130.2 million to $131.0 million for Q1 and $553 million to $557 million for the full year.

Tailwinds

  • Revenue for the first quarter of 2023 is expected to be in the range of $130.2 million to $131.0 million, representing 15% to 16% growth over the same quarter in 2022.
  • GAAP net income per diluted share for Q1 2023 is expected to be in the range of $0.59 to $0.61.
  • Non-GAAP net income per diluted share for Q1 2023 is expected to be in the range of $0.95 to $0.97.
  • Revenue for the full year of 2023 is expected to be in the range of $553 million to $557 million, representing 13% to 14% growth over 2022.
  • GAAP net income per diluted share for the full year 2023 is expected to be in the range of $2.54 to $2.62.

Headwinds

  • The guidance is subject to various important cautionary factors referenced in the section entitled “Legal Notice Regarding Forward-Looking Statements”.
  • 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 first quarter and full year 2023 is likely to have a significant impact on the Company’s GAAP net income per diluted share in the first quarter and full year 2023.
  • A reconciliation of the non-GAAP net income per diluted share guidance to the GAAP net income per diluted share guidance is not available without unreasonable effort.
  • Full year 2023 net income per diluted share estimates are based on approximately 37.4 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 2022

Historical avgQ4 2022

+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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