Gitlab Inc Intrinsic Value Calculator – GitLab Reports Record Breaking Earnings and Revenue

🌥️Trending News

GITLAB ($NASDAQ:GTLB): The company posted Non-GAAP EPS of $0.09, surpassing the consensus estimate of $0.10 and revenue of $149.67M, exceeding the expected figure of $8.66M. GitLab Inc. is a software development platform that enables developers to collaborate on projects, managing source code, track and discuss issues, and use continuous integration and deployment to automate the release process. With over 22 million users, it is one of the largest open source development tools in the world. GitLab Inc. is based in San Francisco, CA and is publicly traded on the NYSE. The company’s record breaking earnings and revenue can be attributed to its strong focus on user experience and customer support, which has enabled it to become the go-to platform for many developers around the world. It has also been able to capitalize on the increasing demand for cloud-based services and tools, which has resulted in increased adoption of its platform. Going forward, GitLab Inc. is well positioned to continue to grow as it continues to invest in product development and customer support.

Additionally, the company is making strategic investments in new markets and expanding its global presence, which will further enhance its growth prospects in the coming years. Investors should take note of these positive developments as they could lead to further upside in the stock price of GitLab Inc.

Earnings

GitLab Inc. has released its earning report for FY2024 Q3 ending October 31 2021, showing record-breaking revenue and income. According to the report, the company registered a total revenue of 66.8M USD with a net income loss of 41.23M USD. This marks an impressive 40.9% decrease from its total revenue in the previous year.

Despite the significant decrease, GITLAB INC’s total revenue is still far greater than 3 years prior when it was only at 149.67M USD. This remarkable growth highlights the company’s resilience and ability to bounce back from difficult times.

About the Company

Income Snapshot

Below shows the total revenue, net income and net margin for Gitlab Inc. More…

Cash Flow Snapshot

Below shows the cash from operations, investing and financing for Gitlab Inc. More…

Balance Sheet Snapshot

Below shows the total assets, liabilities and book value per share for Gitlab Inc. More…

Key Ratios Snapshot

Some of the financial key ratios for Gitlab Inc are shown below. More…

Share Price

GitLab Inc., a leading provider of DevOps lifecycle solutions, reported record-breaking earnings and revenue on Monday. Its stock opened at $52.4 and closed at $52.9, up by 0.9% from its previous closing price of $52.5. The report demonstrated a strong performance from GitLab’s products across its core offerings of DevOps, Security, and Cloud. The company has made significant investments in product innovation, allowing it to better serve its customers with more comprehensive solutions. Its product portfolio is now larger, more diverse, and more powerful than ever before. The company’s financials were further bolstered by a number of strategic partnerships and acquisitions, including a strategic investment from Microsoft that has significantly increased its value.

These investments have allowed GitLab to expand its reach and scale its operations to become a market leader in DevOps solutions. Furthermore, the company has achieved strong organic growth through its customer-centric approach and focus on both customer experience and product development. Overall, these record-breaking earnings and revenue demonstrate the strength of GitLab’s business model and its ability to create value for its customers. This is a significant milestone for the company and shows that its strategy is paying off. Live Quote…

Analysis – Gitlab Inc Intrinsic Value Calculator

At GoodWhale, we have analyzed the financials of GITLAB INC and our proprietary Valuation Line shows that the fair value of GITLAB INC share is around $67.4. Currently, GITLAB INC stock is trading at $52.9, which is approximately 21.5% below the fair value price. This implies that GITLAB INC stock is currently undervalued in the market. Therefore, investors may consider adding the stock to their portfolios during this period of undervaluation. More…

Peers

Its competitors are ATTRAQT Group PLC, UserTesting Inc, and Tymlez Group Ltd.

– ATTRAQT Group PLC ($LSE:ATQT)

FATRAQT Group PLC is a publicly traded company with a market capitalization of 60.47 million as of 2022. The company has a return on equity of -7.65%. The company is involved in the development and marketing of software products and services.

– UserTesting Inc ($NYSE:USER)

UserTesting Inc is a publicly traded company with a market capitalization of 1.07 billion as of 2022. The company has a return on equity of -27.62%. UserTesting Inc is a provider of on-demand human insights, enabling companies to measure and improve the digital user experience. The company was founded in 2007 and is headquartered in San Francisco, California.

– Tymlez Group Ltd ($ASX:TYM)

Tymlez Group Ltd is a technology company that provides enterprise software solutions. The company has a market cap of 19.79M and a Return on Equity of -82.23%. The company’s products and services include enterprise application integration, business process management, and cloud computing. Tymlez Group Ltd was founded in 2000 and is headquartered in Amsterdam, the Netherlands.

Summary

GitLab Inc. recently reported their non-GAAP earnings per share (EPS) which beat the analysts’ expectations of $0.09 by $0.10. The positive results indicate that GitLab is performing well and is a good investment opportunity. Investors should be aware of the company’s financial performance and also take into account the ever-changing economic conditions when making their decisions. With continued strong performance, investors in GitLab Inc. can look forward to continued financial growth in the future.