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Dec 31, 2019
Qualys Q4 2019 Earnings Report
Reported revenue growth and EPS for the fourth quarter and full year ended December 31, 2019.
Key Takeaways
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.
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.
Positive Outlook
- 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.
Challenges Ahead
- 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.
Historical Earnings Impact
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Avg. Return Before/After Earnings
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