GTLB - GitLab Non-GAAP EPS of -$0.06 beats by $0.08 revenue of $126.88M beats by $9.05M

2023-06-05 16:10:41 ET

• GitLab press release ( NASDAQ: GTLB ): Q1 Non-GAAP EPS of -$0.06 beats by $0.08 .
• Revenue of $126.88M (+45.2% Y/Y) beats by $9.05M .
• Customers with more than $5,000 of ARR increased to 7,406, up 43% from Q1 of fiscal year 2023.
• Customers with more than $100,000 of ARR increased to 760, up 39% from Q1 of fiscal year 2023.
• Dollar-Based Net Retention Rate was 128% in Q1 of fiscal year 2024.
• Q2 Outlook: Revenue $129.0 - $130.0M vs. consensus of $127.11M ; Non-GAAP operating loss $(11.0) - $(10.0)M; Non-GAAP EPS $(0.03) - $(0.02) vs. consensus of $(0.08).
• 2024 Outlook: Revenue $541.0 - $543.0M vs. consensus of $532.79M ; Non-GAAP operating loss $(47.0) - $(43.0)M; Non-GAAP EPS $(0.18) - $(0.14) vs. consensus of $(0.26).
• Shares +8.76% .

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