GTLB - GitLab jumps 8% after Q4 earnings beat retention rate above 152%
GitLab (GTLB +8.4%) Q4 shows a 69% Y/Y jump in revenue to $77.8M. GAAP operating margin of 52%; Non-GAAP operating margin of 35%. GAAP net loss per share of $0.32; Non-GAAP net loss per share of $0.16. Customers with more than $5,000 of ARR increased to 4,593, up 67% from Q4 of fiscal year 2021. Dollar-based net retention rate above 152% in Q4 of fiscal year 2022. FQ1 Guidance: $77M - $78M (vs. consensus $73.51M); Non-GAAP operating loss $38.5M - $37.5M; Non-GAAP EPS $(0.28) - $(0.27) (vs. consensus -$0.27) FY Guidance: $385.5M - $390.5M (vs. consensus $340.86M); Non-GAAP operating loss $142.0M - $138.0M; Non-GAAP EPS $(1.02) - $(0.97) (vs. consensus -$0.98) “We are seeing continued strong momentum for customers adopting our DevOps platform, as revenue increased 69% year-over-year. This growth was broad-based, driven by strong customer additions across all company sizes. We believe these results demonstrate that the market is moving
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GitLab jumps 8% after Q4 earnings beat, retention rate above 152%