Qualys (QLYS) FY2015 results: revenue $164 million, up 23.0% on the year
Qualys, Inc. (QLYS) reported revenue of $164 million for fiscal 2015, the year ended 31 December 2015, up 23.0% on the year before. Net income was $16 million, down 47.5%, and diluted earnings per share $0.42. The figures are the company's own, from the 10-K it filed with the SEC on 26 February 2016.
Revenue
$164 million
+23.0% on the year
FY2010FY2015
Operating margin
15.1%
6.9% a year earlier
FY2010FY2015
Net income
$16 million
-47.5% on the year
FY2010FY2015
Diluted EPS
$0.42
-48.1% on the year
FY2010FY2015
this yearthe year beforeHover a bar for its figure.
The year in brief
Income statement (profit and loss)
$ million
FY2015
FY2014
FY2013
On the year
Last 8 years
Revenue
164
134
108
+23.0%
Cost of revenue
34.3
29.0
24.7
+18.5%
Gross profit
130
105
83.3
+24.2%
Gross margin
79.1%
78.3%
77.2%
Research and development
30.4
26.3
21.7
+15.6%
Operating income
24.8
9.2
2.3
+168.3%
Operating margin
15.1%
6.9%
2.1%
Interest expense
0.0
0.0
0.0
-33.3%
Pre-tax income
24.5
8.6
2.0
+184.7%
Income tax
8.7
-21.6
0.5
Effective tax rate
35.3%
-251.1%
24.5%
Net income
15.9
30.2
1.5
-47.5%
Net margin
9.7%
22.6%
1.4%
Diluted EPS
$0.42
$0.81
$0.04
-48.1%
$ 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
FY2015
FY2014
FY2013
On the year
Last 8 years
Operating cash flow
66.0
41.4
25.1
+59.2%
Capital expenditure
20.1
13.9
13.7
+44.1%
Free cash flow
45.9
27.5
11.4
+66.9%
Free cash flow margin
27.9%
20.6%
10.6%
Cash from investing
-61.3
-14.3
-20.7
Cash from financing
10.6
7.1
3.1
+49.2%
Depreciation and amortisation
14.4
11.9
9.6
+20.7%
Share-based compensation
17.5
10.5
5.5
+65.8%
Diluted shares, weighted
38m
37m
36m
+2.7%
Shares outstanding at period end
34m
34m
32m
+2.4%
Balance sheet
$ million
FY2015
FY2014
FY2013
On the year
Last 8 years
Shareholders' equity
196
152
103
+28.8%
Debt
0.0
0.0
0.0
Other liabilities
128
108
89.5
+18.3%
Total liabilities and equity
324
260
193
+24.4%
Fixed assets
31.3
26.6
23.1
+17.7%
Goodwill
0.3
0.3
0.3
0.0%
Intangible assets
1.4
2.0
2.4
-32.0%
Investments
131
90.2
90.4
+44.8%
Cash and equivalents
91.7
76.5
42.4
+19.9%
Receivables
42.3
33.0
28.6
+28.3%
Other assets
25.9
31.4
5.4
-17.5%
Total assets
324
260
193
+24.4%
10-K for the year ended 31 December 2015, filed 26 February 2016: the filing.