GitLab beats by $0.08, beats on revs; guides Q2 EPS above consensus, revs above consensus; guides FY23 EPS above consensus, revs above consensus
- Reports Q1 (Apr) loss of $0.18 per share, $0.08 better than the S&P Capital IQ Consensus of ($0.26); revenues rose 75.2% year/year to $87.4 mln vs the $78.13 mln S&P Capital IQ Consensus.
- Customers with more than $5,000 of ARR increased to 5,168, up 64% from Q1 of fiscal year 2022.
- Customers with more than $100,000 of ARR increased to 545, up 68% from Q1 of fiscal year 2022.
- Dollar-Based Net Retention Rate above 130% in Q1 of fiscal year 2023.
- Co issues upside guidance for Q2, sees EPS of $(0.24)-$(0.23) vs. ($0.25) S&P Capital IQ Consensus; sees Q2 revs of $93.5-$94.5 mln vs. $90.69 mln S&P Capital IQ Consensus.
- Co issues upside guidance for FY23, sees EPS of $(0.93)-$(0.89) vs. ($0.96) S&P Capital IQ Consensus; sees FY23 revs of $398-$402 mln vs. $386.77 mln S&P Capital IQ Consensus.
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