Company: QLYS
Filing Date: 2025-05-06
Form Type: 10-Q
Source: 0001107843-25-000017
Chunk: 2

Company: QUALYS, INC.
Filing Date: 2025-05-06
Form: 10-Q
Item: Part I, Item 3
Chunk 2
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 charges related to legal matters which could have a material impact on its results of operations, financial position and cash flows.

Item 1A.                               Risk Factors

An investment in our common stock involves a high degree of risk. You should carefully consider the risks and uncertainties described below, and all other information contained in this Quarterly Report on Form 10-Q, including our condensed consolidated financial statements and the related notes, before making a decision to invest in our common stock. Our business, operating results, financial condition, or prospects could be materially and adversely affected by any of these risks and uncertainties. In that case, the trading price of our common stock could decline, and you might lose all or part of your investment. In addition, the risks and uncertainties discussed below are not the only ones we face. Our business, operating results, financial performance or prospects could also be harmed by risks and uncertainties not currently known to us or that we currently do not believe are material.

Risks Related to Our Business and Industry

Our quarterly and annual operating results may vary from period to period, which could result in our failure to meet expectations with respect to operating results and cause the trading price of our stock to decline.

Our operating results have historically varied from period to period, and we expect that they will continue to do so as a result of a number of factors, many of which are outside of our control, including:

•the level of demand for our solutions, from both existing and new customers;

•the extent to which customers subscribe for additional solutions;

•changes in customer renewals of our solutions;

•timing of deals signed within the applicable fiscal period;

•seasonal buying patterns of our customers;

•timely invoicing or changes in billing terms of customers;

•the length of our sales cycle for our products and services;

•price competition;

•the timing and success of new product or service introductions by us or our competitors or any other changes in the competitive landscape of our industry, including consolidation among our competitors;

•the introduction or adoption of new technologies that compete with our solutions;

•decisions by potential customers to purchase IT, security and compliance products or services from other vendors;

•general economic conditions, both domestically and in the foreign markets in which we sell our solutions;

•the imposition of tariffs and other non-tariff trade barriers;

•changes in foreign currency exchange rates;

•changes in the growth rate of the IT, security and compliance market;

•actual or perceived security breaches and incidents, technical difficulties or interruptions with