===GitLab (GTLB) reported earnings on Mon 5 June 23 (a/h)

 

GitLab beats by $0.08, beats on revs; guides Q2 EPS above consensus, revs above consensus; guides FY24 EPS above consensus, revs above consensus

• Reports Q1 (Apr) loss of $0.06 per share, $0.08 better than the FactSet Consensus of ($0.14); revenues rose 45.2% year/year to $126.9 mln vs the $117.84 mln FactSet Consensus.
• 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.
• Co issues upside guidance for Q2, sees EPS of ($0.03)-($0.02) vs. ($0.08) FactSet Consensus; sees Q2 revs of $129-$130 mln vs. $127.11 mln FactSet Consensus.
• Co issues upside guidance for FY24, sees EPS of ($0.18)-($0.14) vs. ($0.26) FactSet Consensus; sees FY24 revs of $541-$543 mln vs. $532.79 mln FactSet Consensus.