Qualys (QLYS) FY2019 results: revenue $322 million, up 15.3% on the year
Qualys, Inc. (QLYS) reported revenue of $322 million for fiscal 2019, the year ended 31 December 2019, up 15.3% on the year before. Net income was $69 million, up 21.0%, and diluted earnings per share $1.68. The figures are the company's own, from the 10-K it filed with the SEC on 21 February 2020.
Revenue
$322 million
+15.3% on the year
FY2012FY2019
Operating margin
22.5%
18.1% a year earlier
FY2012FY2019
Net income
$69 million
+21.0% on the year
FY2012FY2019
Diluted EPS
$1.68
+22.6% on the year
FY2012FY2019
this yearthe year beforeHover a bar for its figure.
The year in brief
Income statement (profit and loss)
$ million
FY2019
FY2018
FY2017
On the year
Last 8 years
Revenue
322
279
231
+15.3%
Cost of revenue
69.5
66.2
51.6
+5.0%
Gross profit
252
213
179
+18.5%
Gross margin
78.4%
76.3%
77.7%
Research and development
68.2
53.3
42.8
+28.1%
Operating income
72.3
50.4
37.2
+43.5%
Operating margin
22.5%
18.1%
16.1%
Interest expense
0.1
0.2
0.0
-38.4%
Pre-tax income
80.0
55.5
39.4
+44.2%
Income tax
10.6
-1.8
-1.1
Effective tax rate
13.3%
-3.3%
-2.7%
Net income
69.3
57.3
40.4
+21.0%
Net margin
21.6%
20.5%
17.5%
Diluted EPS
$1.68
$1.37
$1.01
+22.6%
$ 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
FY2019
FY2018
FY2017
On the year
Last 8 years
Operating cash flow
161
125
108
+28.0%
Capital expenditure
27.6
22.8
37.8
+21.1%
Free cash flow
133
103
69.8
+29.6%
Free cash flow margin
41.4%
36.8%
30.3%
Cash from investing
-35.0
-93.5
-118
Cash from financing
-79.0
-77.5
10.4
Depreciation and amortisation
31.2
28.9
20.6
+7.9%
Share-based compensation
34.9
30.1
27.0
+16.0%
Buybacks
86.4
85.0
0.0
+1.6%
Diluted shares, weighted
41m
42m
40m
-1.3%
Shares outstanding at period end
39m
39m
39m
0.0%
Balance sheet
$ million
FY2019
FY2018
FY2017
On the year
Last 8 years
Shareholders' equity
387
358
344
+8.0%
Debt
0.0
0.0
0.0
Operating lease liabilities
44.0
0.0
n/a
Finance lease liabilities
0.1
n/a
n/a
Other liabilities
245
228
194
+7.5%
Total liabilities and equity
676
586
538
+15.4%
Fixed assets
60.6
61.4
58.6
-1.4%
Goodwill
7.4
7.2
0.0
+3.1%
Intangible assets
16.8
22.0
12.4
-23.6%
Investments
331
325
269
+1.8%
Cash and equivalents
87.6
41.0
86.6
+113.4%
Receivables
78.0
75.8
64.4
+2.9%
Other assets
94.4
53.3
46.5
+76.9%
Total assets
676
586
538
+15.4%
10-K for the year ended 31 December 2019, filed 21 February 2020: the filing.