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Market Updates

GitLab Inc increased 23.6% to $43.77 after the database developer reported smaller-than-estimated loss and offered a positive outlook for the current quarter and full-year. 

Revenue in the fiscal first quarter ending in April increased 45% to $126.9 million from $87.4 million and net loss expanded to $52.5 million from $26.1 million and diluted loss per share widened to 35 cents from 18 cents a year ago. 

The company guided fiscal second quarter revenue between $129.0 million and $130.0 million and for full-year between $541.0 million and $543.0 million. 

The database developer forecasted non-GAAP fiscal second quarter net loss between 10 cents and 11 cents and for full-year 14 cents and 18 cents.   


06 Jun, 2023

     

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