GitLab: Q1 Earnings Insights

GitLab GTLB reported its Q1 earnings results on Monday, June 5, 2023 at 04:05 PM.

Here's what investors need to know about the announcement.

Earnings

GitLab beat estimated earnings by 57.14%, reporting an EPS of $-0.06 versus an estimate of $-0.14.

Revenue was up $39.47 million from the same period last year.

Past Earnings Performance

Last quarter the company beat on EPS by $0.11 which was followed by a 23.86% drop in the share price the next day.

Here's a look at GitLab's past performance:

Quarter Q4 2023 Q3 2023 Q2 2023 Q1 2023
EPS Estimate -0.14 -0.15 -0.23 -0.27
EPS Actual -0.03 -0.10 -0.15 -0.18
Revenue Estimate 119.56M 106.05M 94.04M 77.81M
Revenue Actual 122.91M 112.98M 101.04M 87.41M

To track all earnings releases for GitLab visit their earnings calendar here.

This article was generated by Benzinga's automated content engine and reviewed by an editor.

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Posted In: EarningsBZI-Recaps
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