Eye-popping Stock: Qualys, Inc.’s (NASDAQ:QLYS)

On 21 Aug 2k19, Qualys, Inc.’s (NASDAQ:QLYS) showed the up by 0.96% with closing price of $84.16 during the normal trading session on Wednesday and reaching a high of $85.39 during the day while it closed the day at $83.83. QLYS stock had a low trading volume of 181,610 shares on that day, which is compared to the average daily volume of 328,254 shares.

Qualys, Inc. (QLYS) recently reported financial results for the 2nd Quarter ended June 30, 2k19. For the quarter, the Company stated revenues of $78.9M, net income under United States Generally Accepted Accounting Principles (“GAAP”) of $16.2M, non-GAAP net income of $22.9M, adjusted EBITDA of $33.4M, GAAP earnings per diluted share of $0.39, and non-GAAP earnings per diluted share of $0.55.

2nd Quarter 2k19 Financial Highlights

Revenues: Revenues for the 2nd Quarter of 2k19 increased by 16% to $78.9Mcontrast to $68.2M for the same quarter in 2k18.

Gross Profit: GAAP gross profit for the 2nd Quarter of 2k19 increased by 18% to $61.4M contrast to $51.9M for the same quarter in 2k18. GAAP gross margin percentage was 78% for the 2nd Quarter of 2k19 contrast to 76% for the same quarter in 2k18. Non-GAAP gross profit for the 2nd Quarter of 2k19 increased by 19% to $63.4M contrast to $53.4M for the same quarter in 2k18. Non-GAAP gross margin percentage was 80% for the 2nd Quarter of 2k19 contrast to 78% for the same quarter in 2k18.

Operating Income: GAAP operating income for the 2nd Quarter of 2k19 increased by 48% to $16.1M contrast to $10.9M for the same quarter in 2k18. As a percentage of revenues, GAAP operating income was 20% for the 2nd Quarter of 2k19 contrast to 16% for the same quarter in 2k18. Non-GAAP operating income for the 2nd Quarter of 2k19 increased by 33% to $27.0M contrast to $20.4M for the same quarter in 2k18. As a percentage of revenues, non-GAAP operating income was 34% for the 2nd Quarter of 2k19 contrast to 30% for the same quarter in 2k18.

Net Income: GAAP net income for the 2nd Quarter of 2k19 was $16.2M, or $0.39per diluted share, contrast to $10.3M, or $0.24 per diluted share, for the same quarter in 2k18. Non-GAAP net income for the 2nd Quarter of 2k19 was $22.9M, or $0.55per diluted share, contrast to non-GAAP net income of $16.4M, or $0.39 per diluted share, for the same quarter in 2k18.

Adjusted EBITDA: Adjusted EBITDA (a non-GAAP financial measure) for the 2nd Quarter of 2k19 increased by 25% to $33.4M contrast to $26.7M for the same quarter in 2k18. As a percentage of revenues, adjusted EBITDA was 42% for the 2nd Quarter of 2k19 contrast to 39% for the same quarter in 2k18.

Operating Cash Flow: Operating cash flow for the 2nd Quarter of 2k19 increased by 52% to $36.9M contrast to $24.2M for the same quarter in 2k18. As a percentage of revenues, operating cash flow was 47% for the 2nd Quarter of 2k19 contrast to 36% for the same quarter in 2k18.

Financial Performance Outlook

3rd Quarter 2k19 Guidance: Management expects revenues for the 3rd Quarter of 2k19 to be in the range of $82.2M to $82.7M, representing 15% growth over the same quarter in 2k18. GAAP net income per diluted share is predictable to be in the range of $0.30 to $0.32, which assumes an effective income tax rate of 24%. Non-GAAP net income per diluted share is predictable to be in the range of $0.52 to $0.54, which assumes a non-GAAP effective income tax rate of 22%. 3rd Quarter 2k19 earnings per share estimates are based on about 41.6M weighted average diluted shares outstanding for the quarter.

Full Year 2k19 Guidance: Management expects revenues for the full year 2k19 to be in the range of $321M to $322.5M, representing 15% to 16% growth over 2k18. GAAP net income per diluted share is now predictable to be in the range of $1.24 to $1.28, up from the previous guidance range of $1.02 to $1.07. This assumes an effective income tax rate of 19%, down from the previous assumption of 23%. Non-GAAP net income per diluted share is now predictable to be in the range of $2.03 to $2.07, up from the previous guidance range of $1.89 to $1.94. This assumes a non-GAAP effective income tax rate of 22%. Full year 2k19 earnings per share estimates are based on about 41.7M weighted average diluted shares outstanding.

QLYS has decreased by -13.34% from its 52-week high while it has increased by 27.64% from its 52-week low price. Return on assets ratio of the Company was 11.00% and return on equity ratio was 18.10% while its return on investment ratio was 14.50%.

Leave a Reply

Your email address will not be published. Required fields are marked *