QLYS FY 2019 Earnings Report — Qualys, Inc. Revenue & Financial Results | Market Cap Arena

Qualys, Inc.QLYS

FY 2019 Earnings

Reported February 21, 2020

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	FY 2019	Prior Q	FY 2018	QoQ Change	YoY Change
Revenue	$322M	—	$279M	—	15.3%
Op. Income	$72M	—	$50M	—	43.5%
Gross Margin	78.4%	—	76.3%	—	2.1pp
Net Margin	21.6%	—	20.5%	—	1.0pp
EPS (Diluted)	$1.68	—	$1.37	—	22.6%
Free Cash Flow	$129M	—	$103M	—	25.6%

Revenue Flow

Item	Amount
REVENUE	$322M
Cost of Revenue	$70M
GROSS PROFIT	$252M
R&D Expenses	$68M
Selling & Marketing	$71M
General & Administrative	$41M
SG&A Expenses	$112M
Other Expenses	$0
Operating Expenses	$180M
Cost & Expenses	$249M
OPERATING INCOME	$72M
Interest Income	$8M
Interest Expense	$106.0K
Other Income/Expenses	$8M
INCOME BEFORE TAX	$80M
Income Tax Expense	$11M
Net Income from Continuing Ops	$69M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$69M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$69M
D&A	$31M
EBIT	$80M
EBITDA	$111M
EPS	$2
EPS Diluted	$2

Income Statement

Item	Amount
REVENUE	$322M
Cost of Revenue	$70M
GROSS PROFIT	$252M
R&D Expenses	$68M
Selling & Marketing	$71M
General & Administrative	$41M
SG&A Expenses	$112M
Other Expenses	$0
Operating Expenses	$180M
Cost & Expenses	$249M
OPERATING INCOME	$72M
Interest Income	$8M
Interest Expense	$106.0K
Other Income/Expenses	$8M
INCOME BEFORE TAX	$80M
Income Tax Expense	$11M
Net Income from Continuing Ops	$69M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$69M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$69M
D&A	$31M
EBIT	$80M
EBITDA	$111M
EPS	$2
EPS Diluted	$2

Cash Flow Statement

Item	Amount
Net Income	$69M
Depreciation & Amortization	$31M
Stock-Based Compensation	$35M
Deferred Income Tax	$7M
Other Non-Cash Items	-$1M
Change in Working Capital	$19M
OPERATING CASH FLOW	$161M
Capital Expenditure	-$32M
Acquisitions (Net)	-$4M
Purchases of Investments	-$331M
Sales/Maturities of Investments	$328M
Other Investing Activities	-$625.0K
NET CASH FROM INVESTING	-$35M
Net Debt Issuance	-$2M
Common Stock Repurchased	-$86M
Common Dividends Paid	$0
Other Financing Activities	$9M
NET CASH FROM FINANCING	-$79M
FREE CASH FLOW	$129M
Net Change in Cash	$47M

Balance Sheet

Item	Amount
Cash & Equivalents	$88M
Short-Term Investments	$211M
Net Receivables	$78M
Inventory	$0
Other Current Assets	$0
TOTAL CURRENT ASSETS	$396M
PP&E (Net)	$101M
Goodwill	$7M
Intangible Assets	$17M
Long-Term Investments	$120M
Tax Assets	$19M
Other Non-Current Assets	$16M
TOTAL NON-CURRENT ASSETS	$280M
TOTAL ASSETS	$676M
Account Payables	$848.0K
Short-Term Debt	$0
Deferred Revenue	$192M
Other Current Liabilities	$0
TOTAL CURRENT LIABILITIES	$223M
Long-Term Debt	$0
Deferred Revenue NC	$21M
Deferred Tax Liabilities	$0
Other Non-Current Liabilities	$388.0K
TOTAL NON-CURRENT LIABILITIES	$65M
TOTAL LIABILITIES	$289M
Common Stock	$39.0K
Additional Paid-In Capital	$362M
Retained Earnings	$23M
Treasury Stock	$0
Accum. Other Comp. Income	$1M
Other Equity	$0
TOTAL STOCKHOLDERS' EQUITY	$387M
Minority Interest	$0
TOTAL EQUITY	$387M
TOTAL LIABILITIES & EQUITY	$676M
Total Debt	$52M
Net Debt	-$36M