Qualys(US:QLYS)2022-11-02 22:45Business Overview - Qualys is an industry-leading cloud security and compliance platform[9] - The company uniquely positioned to capitalize on stack consolidation and move to the cloud[9] - Qualys Cloud Platform provides one view across the entire global hybrid-IT environment[11] Financial Performance and Growth - The company has accelerating organic revenue growth, reaching $359 million in Q3 2022 YTD, a 19% year-over-year increase[46, 48] - Adjusted EBITDA margin was 46% in Q3 2022 YTD[67] - Free cash flow margin was 40% in Q3 2022 YTD[84] Customer Base and Market Opportunity - Qualys has over 10,000 subscription customers[37] - 66% of the Forbes Global 50, 46% of Global 500, and 25% of Global 2000 standardized on Qualys[35] - The company estimates a large expanding market opportunity, with a total addressable market of $51 billion[33, 34] Products and Services - VMDR (Vulnerability Management, Detection and Response) customer penetration is increasing, reaching 45% in Q3 2022[52] - The platform integrates 25 IT, Security & Compliance Apps[24, 25] - The company offers Multi-Vector EDR (Endpoint Detection & Response) and Context XDR (Extended Detection & Response) solutions[19, 28]