GitLab Full Year 2024 Earnings: EPS Misses Expectations
GitLab (NASDAQ:GTLB) Full Year 2024 Results
Key Financial Results
Revenue: US$579.9m (up 37% from FY 2023).
Net loss: US$424.2m (loss widened by 146% from FY 2023).
US$2.75 loss per share (further deteriorated from US$1.16 loss in FY 2023).
All figures shown in the chart above are for the trailing 12 month (TTM) period
GitLab EPS Misses Expectations
Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates by 5.2%.
In the last 12 months, the only revenue segment was Sell Subscriptions on Both Self-Managed and Saas Models contributing US$579.9m. The largest operating expense was Sales & Marketing costs, amounting to US$352.6m (37% of total expenses). Explore how GTLB's revenue and expenses shape its earnings.
Looking ahead, revenue is forecast to grow 22% 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 21% from a week ago.
Risk Analysis
Be aware that GitLab is showing 3 warning signs in our investment analysis that you should know about...
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