Stock Analysis
GitLab (NASDAQ:GTLB) Full Year 2023 Results
Key Financial Results
- Revenue: US$424.3m (up 68% from FY 2022).
- Net loss: US$172.3m (loss widened by 11% from FY 2022).
- US$1.16 loss per share.
All figures shown in the chart above are for the trailing 12 month (TTM) period
GitLab EPS Beats Expectations
Revenue was in line with analyst estimates. Earnings per share (EPS) surpassed analyst estimates by 8.6%.
Looking ahead, revenue is forecast to grow 23% p.a. on average during the next 3 years, compared to a 12% growth forecast for the Software industry in the US.
Performance of the American Software industry.
The company's shares are down 32% from a week ago.
Risk Analysis
Before you take the next step you should know about the 4 warning signs for GitLab that we have uncovered.
What are the risks and opportunities for GitLab?
GitLab Inc., through its subsidiaries, develops software for the software development lifecycle in the United States, Europe, and the Asia Pacific.
Rewards
Trading at 15.7% below our estimate of its fair value
Revenue is forecast to grow 22.71% per year
Revenue grew by 68% over the past year
Risks
Shareholders have been diluted in the past year
Significant insider selling over the past 3 months
Volatile share price over the past 3 months
Currently unprofitable and not forecast to become profitable over the next 3 years
Further research on
GitLab
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About NasdaqGS:GTLB
GitLab
GitLab Inc., through its subsidiaries, develops software for the software development lifecycle in the United States, Europe, and the Asia Pacific.
Excellent balance sheet with limited growth.
