Market Updates
GitLab Revenues and Loss Surge
Scott Peters
07 Sep, 2022
New York City
GitLab Inc advanced 8.2% to $51.25 after the software developer reported smaller-than-expected loss in its latest quarter.
Total revenues in the quarter ending in July increased 74% to $101 million from $58 million a year ago.
The company added largest number of new base customers in the second quarter fiscal year 2023.
Net loss in the quarter increased to $61.4 million or 40 cents from $40.7 million or 75 cents a year ago.
The company guided third quarter revenues in the fiscal year 2023 in the range between $105 million and $106 million and full-year fiscal 2023 between $411 million and $414 million.
Customers with more than $5,000 average revenue run rate increased 61% to 5,864 and with more than $100,000 jumped 55% to 593.
Annual Returns
| Company | Ticker | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | 2011 | 2010 | 2009 | 2008 |
|---|
Earnings
| Company | Ticker | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | 2011 | 2010 | 2009 | 2008 |
|---|