Qualys Inc (QLYS)

Gross profit margin

		Dec 31, 2023	Sep 30, 2023	Jun 30, 2023	Mar 31, 2023	Dec 31, 2022	Sep 30, 2022	Jun 30, 2022	Mar 31, 2022	Dec 31, 2021	Sep 30, 2021	Jun 30, 2021	Mar 31, 2021	Dec 31, 2020	Sep 30, 2020	Jun 30, 2020	Mar 31, 2020	Dec 31, 2019	Sep 30, 2019	Jun 30, 2019	Mar 31, 2019
Gross profit (ttm)	US$ in thousands	446,973	432,634	416,946	401,246	386,935	369,886	352,772	336,075	321,733	309,261	299,256	291,045	283,737	277,658	270,771	262,224	252,090	241,264	230,848	221,361
Revenue (ttm)	US$ in thousands	554,458	540,737	524,302	506,986	489,723	468,654	448,027	427,836	411,172	396,193	384,328	373,456	362,963	352,826	342,428	332,527	321,607	311,143	300,130	289,354
Gross profit margin		80.61%	80.01%	79.52%	79.14%	79.01%	78.93%	78.74%	78.55%	78.25%	78.06%	77.86%	77.93%	78.17%	78.70%	79.07%	78.86%	78.38%	77.54%	76.92%	76.50%

December 31, 2023 calculation

Gross profit margin = Gross profit (ttm) ÷ Revenue (ttm)
= $446,973K ÷ $554,458K
= 80.61%

Qualys Inc has shown a consistent improvement in its gross profit margin over the past eight quarters, reflecting strong operational efficiency and effective cost management. The company's gross profit margin has gradually increased from 78.55% in Q1 2022 to 80.61% in Q4 2023. This upward trend indicates that Qualys has been able to effectively control its cost of goods sold while generating higher revenue.

The company has been able to maintain a high level of gross profit margin above 78%, indicating that Qualys has a strong pricing strategy and effective control over its production costs. This trend is a positive sign for investors and stakeholders as it suggests that the company is efficiently converting its revenue into gross profit.

Overall, Qualys Inc's gross profit margin analysis shows that the company is effectively managing its cost structure and is likely focused on improving profitability. This trend reflects positively on the company's financial health and strategic direction.