Business
Qualys Announces Fourth Quarter and Full Year 2022 Financial Results
2022 Revenue Growth of 19% Year-Over-Year Q4 Revenue Growth of 19% Year-Over-Year 2022 GAAP EPS: $2.74; 2022 Non-GAAP EPS: $3.72 Q4 GAAP EPS: $0.74; Q4
About this update from Qualys, Inc.
[{"type":"text","content":"2022 Revenue Growth of 19% Year-Over-Year\nQ4 Revenue Growth of 19% Year-Over-Year\n2022 GAAP EPS: $2.74; 2022 Non-GAAP EPS: $3.72\nQ4 GAAP EPS: $0.74; Q4 Non-GAAP EPS: $1.01Announces $100 Million Increase to Share Repurchase Program\nFOSTER CITY, Calif., Feb. 9, 2023 /PRNewswire/ -- Qualys, Inc. (NASDAQ: QLYS), a pioneer and leading provider of disruptive cloud-based IT, security and compliance solutions, today announced financial results for the fourth quarter and full year ended December 31, 2022. For the quarter, the Company reported revenues of $130.8 million, net income under United States Generally Accepted Accounting Principles (GAAP) of $28.3 million, non-GAAP net income of $38.9 million, Adjusted EBITDA of $55.1 million, GAAP net income per diluted share of $0.74, and non-GAAP net income per diluted share of $1.01. For the full year ended December 31, 2022, the Company reported revenues of $489.7 million, GAAP net income of $108.0 million, non-GAAP net income of $146.5 million, Adjusted EBITDA of $218.6 million, GAAP net income per diluted share of $2.74, and non-GAAP net income per diluted share of $3.72.\n\"We are pleased to report another quarter of strong revenue growth, profitability, and cash flow generation,\" said Sumedh Thakar, president and CEO. \"In 2022, we continued to innovate, introducing new applications as well as enhancing existing applications, to further strengthen our market position in the cybersecurity space. As validated by the 2022 SC Awards having named Qualys' Vulnerability Management, Detection and Response as the Best Vulnerability Management solution, we believe that our natively integrated platform that is detecting, remediating, and reducing cyber risk brings a highly differentiated value proposition to organizations and positions us well for durable profitable growth.\"\nFourth Quarter 2022 Financial Highlights \nRevenues: Revenues for the fourth quarter of 2022 increased by 19% to $130.8 million compared to $109.8 million for the same quarter in 2021.\nGross Profit: GAAP gross profit for the fourth quarter of 2022 increased by 20% to $103.1 million compared to $86.1 million for the same quarter in 2021. GAAP gross margin was 79% for the fourth quarter of 2022 compared to 78% for the same quarter in 2021. Non-GAAP gross profit for the fourth quarter of 2022 increased by 19% to $105.7 mi...