GTLB - GitLab: FY 2024 Was Strong But Guidance Was Lower Than Expected
2024-03-06 09:30:02 ET
Summary
- GitLab's Q4 and FY24 results showed strong revenue growth and positive free cash flow, indicating a successful year for the company.
- The FY25 guidance provided by GitLab was below analyst estimates, leading to a sell-off in the market.
- GitLab's competitive positioning stands out due to its AI capabilities and bundled platform, but its high valuation remains a drawback.
The GitLab Investment Thesis
Some time has passed since my last article on GitLab ( GTLB ) in September 2023, so we can now take a look at how the company has performed and do an earnings review....
GitLab: FY 2024 Was Strong, But Guidance Was Lower Than Expected