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GitLab Non-GAAP EPS of -$0.10 beats by $0.05, revenue of $112.98M beats by $6.9M

  • GitLab press release (NASDAQ:GTLB): Q3 Non-GAAP EPS of -$0.10 beats by $0.05.
  • Revenue of $112.98M (+69.1% Y/Y) beats by $6.9M.
  • Customers with more than $5,000 of ARR increased to 6,469, up 59% Y/Y.
  • Customers with more than $100,000 of ARR increased to 638, up 49% Y/Y.
  • Non-GAAP operating margin of (19)%.
  • Q4 Outlook: Revenue $119.0 - $120M; Non-GAAP operating loss $(27.0) - $(26.0)M; Non-GAAP net loss per share $(0.15) - $(0.14).
  • 2023 Outlook: Revenue $420.5 - $421.5M; Non-GAAP operating loss $(100.0) - $(99.0)M; Non-GAAP net loss per share $(0.56) - $(0.55).
  • Shares +12.83%.