Qualys (QLYS) FY2014 results: revenue $134 million, up 23.7% on the year
Qualys, Inc. (QLYS) reported revenue of $134 million for fiscal 2014, the year ended 31 December 2014, up 23.7% on the year before. Net income was $30 million, up 1862.6%, and diluted earnings per share $0.81. The figures are the company's own, from the 10-K it filed with the SEC on 6 March 2015.
Revenue
$134 million
+23.7% on the year
FY2010FY2014
Operating margin
6.9%
2.1% a year earlier
FY2010FY2014
Net income
$30 million
+1,862.6% on the year
FY2010FY2014
Diluted EPS
$0.81
+1,925.0% on the year
FY2010FY2014
this yearthe year beforeHover a bar for its figure.
The year in brief
Income statement (profit and loss)
$ million
FY2014
FY2013
FY2012
On the year
Last 8 years
Revenue
134
108
91.4
+23.7%
Cost of revenue
29.0
24.7
18.4
+17.4%
Gross profit
105
83.3
73.0
+25.6%
Gross margin
78.3%
77.2%
79.9%
Research and development
26.3
21.7
20.2
+21.4%
Operating income
9.2
2.3
3.0
+300.5%
Operating margin
6.9%
2.1%
3.3%
Interest expense
0.0
0.0
0.2
-79.1%
Pre-tax income
8.6
2.0
2.6
+322.0%
Income tax
-21.6
0.5
0.4
Effective tax rate
-251.1%
24.5%
13.9%
Net income
30.2
1.5
2.2
+1,862.6%
Net margin
22.6%
1.4%
2.4%
Diluted EPS
$0.81
$0.04
$0.08
+1,925.0%
$ million except per share. Read moreFree cash flow is operating cash flow less capital expenditure; the effective tax rate is income tax over pre-tax income; margins are the line over revenue. Gross profit is revenue less cost of revenue, and operating income is revenue less the company's own total costs, where the statement does not print those lines. Those four are arithmetic on the filed numbers; everything else is as filed. Money is in $ million as the company files it, or in $ billion by the switch above the tables; per share figures and share counts are as they are.
Cash flow
$ million
FY2014
FY2013
FY2012
On the year
Last 8 years
Operating cash flow
41.4
25.1
22.0
+65.2%
Capital expenditure
13.9
13.7
11.2
+1.8%
Free cash flow
27.5
11.4
10.8
+140.9%
Free cash flow margin
20.6%
10.6%
11.8%
Cash from investing
-14.3
-20.7
-94.8
Cash from financing
7.1
3.1
83.2
+130.5%
Depreciation and amortisation
11.9
9.6
7.3
+23.8%
Share-based compensation
10.5
5.5
3.5
+91.6%
Diluted shares, weighted
37m
36m
28m
+3.3%
Shares outstanding at period end
34m
32m
31m
+3.8%
Balance sheet
$ million
FY2014
FY2013
FY2012
On the year
Last 8 years
Shareholders' equity
152
103
91.6
+47.2%
Redeemable equity
n/a
n/a
0.0
Debt
0.0
0.0
0.0
Other liabilities
108
89.5
78.8
+20.9%
Total liabilities and equity
260
193
170
+35.0%
Fixed assets
26.6
23.1
18.1
+15.4%
Goodwill
0.3
0.3
0.3
0.0%
Intangible assets
2.0
2.4
2.8
-16.4%
Investments
90.2
90.4
83.5
-0.3%
Cash and equivalents
76.5
42.4
34.9
+80.6%
Receivables
33.0
28.6
24.5
+15.4%
Other assets
31.4
5.4
6.1
+478.6%
Total assets
260
193
170
+35.0%
10-K for the year ended 31 December 2014, filed 6 March 2015: the filing.