Trade GitLab Inc. Class A Common Stock - GTLB CFD

Trade GitLab Inc. Class A Common Stock - GTLB

About Gitlab Inc

GitLab Inc. is the DevOps platform that offers a single application, which brings together development, operations, information technology (IT), security and business teams. The DevOps Platform is built on a single codebase, unified data model, and user interface. The Company allows the organizations to deploy the DevOps platform as a self-managed offering in their own multi-cloud, hybrid-cloud, or on-premises environments, and as a software as a service (SaaS) offering in its own public cloud. The DevOps platform enables the customers to move their DevOps workflow across any hybrid or multi-cloud environment. It serves various organizations, such as consumer and business services, financial services and consulting, manufacturing, media/telecommunications, public sector and education and software. It offers the DevOps platform in three subscription plans, namely Free, Premium and Ultimate. Its free tier platform is for individual users and the paid tiers is for managers and executives.

Financial summary

BRIEF: For the fiscal year ended 31 January 2022, Gitlab Inc revenues increased 66% to $252.7M. Net loss decreased 19% to $155.1M. Revenues reflect Subscriptionself-managed and SaaS increase of 70% to $226.2M, Licenseself-managed and other increase of 36% to $26.5M. Lower net loss reflects General and administrative - Balancing v decrease of 37% to $53.8M (expense), Research and development - Balancing decrease of 15% to $88.9M (expense).