March 13, 2023 — All-Remote – GitLab Inc. (NASDAQ: GTLB), The DevSecOps Platform, today reported financial results for its fourth quarter and full fiscal year of 2023, ended January 31, 2023.
GitLab Inc. (NASDAQ: GTLB) reported a fiscal Q4 non-GAAP net loss of $0.03 per share,
Analysts polled by Capital IQ forecast a per-share loss of $0.14.
Revenue for the quarter ended Jan. 31 was $122.9 million,
Analysts polled by Capital IQ projected $119.6 million.
The company said it expects a fiscal Q1 non-GAAP loss of $0.15 to $0.14 per share on revenue of $117 million to $118 million. Analysts polled by Capital IQ are looking for a loss of $0.16 per share and revenue of $126.4 million.
GitLab estimates a non-GAAP loss of $0.29 to $0.24 per share and revenue of $529 million to $533 million for fiscal 2024. Analysts polled by Capital IQ are expecting a loss of $0.52 per share and revenue of $587.6 million, respectively.
Customers with more than $5,000 of ARR increased to 7,002, up 52% from Q4 of fiscal year 2022.
Customers with more than $100,000 of ARR increased to 697, up 42% from Q4 of fiscal year 2022.
Customers with more than $1 million of ARR increased to 63, up 62% from Q4 of fiscal year 2022.
Fourth Quarter Fiscal Year 2023 Financial Highlights (in millions, except per share data and percentages):
GitLab(NASDAQ:GTLB)Fiscal Year 2023 Financial Highlights (in millions, except per share data and percentages):
First Quarter and Fiscal Year 2024 Financial Outlook
GitLab Inc. Condensed Consolidated Statements of Operations
About GitLab
GitLab is the most comprehensive DevSecOps Platform that empowers organizations to maximize the overall return on software development by delivering software faster and efficiently, while strengthening security and compliance. GitLab’s single application is easier to use, leads to faster cycle time and allows visibility throughout and control over all stages of the DevSecOps lifecycle. With GitLab, every team in your organization can collaboratively plan, build, secure, and deploy software to drive business outcomes faster with complete transparency, consistency and traceability.