– моментальные уведомления о рынке акций
– моментальные уведомления о рынке акций
Quarterly revenue of $87.4 million, up 75% year-over-year Strong Dollar-Based Net Retention Rate above 130%
Fiscal First Quarter Highlights:
SAN FRANCISCO, June 06, 2022 (GLOBE NEWSWIRE) -- All-Remote - GitLab Inc. (NASDAQ: GTLB), The One DevOps Platform, today reported financial results for its first quarter fiscal year 2023, ended April 30, 2022.
“We have seen a substantial shift in how enterprises are developing, operating, and securing software by moving to a platform strategy. As a result, our One DevOps Platform is gaining momentum and broader adoption,” said Sid Sijbrandij, GitLab CEO and Co-Founder. “While accelerating revenue growth, we were also able to show significant operating leverage. Underpinning this acceleration in growth was a higher velocity of new customer wins, as well as seat expansion and tier upgrades of existing customers. As we look forward, we are seeing continued strong momentum for customers adopting our One DevOps platform.”
“I am very pleased we delivered a robust first quarter exceeding our guidance,” said Brian Robins, GitLab CFO. “Metrics in the first quarter were strong: 75% year-over-year revenue growth, dollar-based net retention above 130%, 92% year-over-year RPO growth, 90% non-GAAP gross margins, non-GAAP operating margin improvement of 1,700 basis points year-over-year and we saw great growth in all the customer segments despite the macro-environment. We remain committed to responsible growth.”
First Quarter Fiscal Year 2023 Financial Highlights (in millions, except per share data and percentages):
| Q1 FY 2023 | Q1 FY 2022 | Y/Y Change | |||||||||
| Revenue | $ | 87.4 | $ | 49.9 | 75 | % | |||||
| GAAP Gross margin | 89 | % | 87 | % | |||||||
| Non-GAAP Gross margin | 90 | % | 87 | % | |||||||
| GAAP Operating loss | $ | (42.9 | ) | $ | (26.0 | ) | $ | (16.9 | ) | ||
| Non-GAAP Operating loss | $ | (24.8 | ) | $ | (22.5 | ) | $ | (2.3 | ) | ||
| GAAP Net loss attributable to GitLab | $ | (26.1 | ) | $ | (27.9 | ) | $ | 1.8 | |||
| Non-GAAP Net loss attributable to GitLab | $ | (26.5 | ) | $ | (23.4 | ) | $ | (3.1 | ) | ||
| GAAP Net loss per share attributable to GitLab | $ | (0.18 | ) | $ | (0.53 | ) | $ | 0.35 | |||
| Non-GAAP Net loss per share attributable to GitLab | $ | (0.18 | ) | $ | (0.44 | ) | $ | 0.26 | |||
A reconciliation between GAAP and non-GAAP financial measures is contained in this release under the section titled “Non-GAAP Financial Measures.”
First Quarter Fiscal Year 2023 Business Highlights:
Second Quarter and Fiscal Year 2023 Financial Outlook
For the second quarter of fiscal year 2023, GitLab Inc. expects (in millions, except share and per share data):
| Q2 FY 2023 Guidance | FY 2023 Guidance | ||
| Revenue | $93.5 - $94.5 | $398.0 - $402.0 | |
| Non-GAAP operating loss | $(34.0) - $(33.0) | $(130.5) - $(127.5) | |
| Non-GAAP net loss per share assuming approximately 147 million and 148 million weighted average shares outstanding as of Q2 FY2023 and FY23, respectively | $(0.24) - $(0.23) | $(0.93) - $(0.89) |
These statements are forward-looking and actual results may differ materially as a result of many factors. Refer to the Forward-Looking Statements safe harbor below for information on the factors that could cause our actual results to differ materially from these forward-looking statements.
Guidance for non-GAAP financial measures excludes stock-based compensation expense, amortization of acquired intangible assets, foreign exchange (gain) loss, and equity investment (gain) loss. We have not provided the most directly comparable GAAP financial guidance measures because certain items are out of our control or cannot be reasonably predicted. Accordingly, a reconciliation of non-GAAP guidance for operating loss and net loss per share to the corresponding GAAP measures is not available.
Conference Call Information
GitLab will host a conference call today, June 6, 2022, at 1:30 p.m. (PT) / 4:30 p.m. (ET) to discuss its first quarter and full year fiscal 2023 financial results. Investors and analysts should register for the call in advance by visiting https://gitlab.zoom.us/webinar/register/WN_eGH44yj-QJWobw2wDZ764Q. A replay of the call will be available on GitLab’s investor relations website (ir.gitlab.com).
GitLab is The One DevOps Platform that empowers organizations to maximize the overall return on software development by delivering software faster and efficiently, while strengthening security and compliance. GitLab’s single application is easier to use, leads to faster cycle time and allows visibility throughout and control over all stages of the DevOps lifecycle. With GitLab, every team in your organization can collaboratively plan, build, secure, and deploy software to drive business outcomes faster with complete transparency, consistency and traceability.
Non-GAAP Financial Measures
GitLab believes non-GAAP measures are useful in evaluating its operating performance. GitLab uses this supplemental information to evaluate its ongoing operations and for internal planning and forecasting purposes. GitLab believes that non-GAAP financial information, when taken collectively with its GAAP financial information, may be helpful to investors because it provides consistency and comparability with past financial performance. However, non-GAAP financial information is presented for supplemental informational purposes only, has limitations as an analytical tool, and should not be considered in isolation or as a substitute for financial information presented in accordance with GAAP. Reconciliations of non-GAAP financial measures to the most directly comparable financial results as determined in accordance with GAAP are included at the end of this press release following the accompanying financial data. We define non-GAAP financial measures as GAAP measures, excluding stock-based compensation expense, amortization of acquired intangible assets, foreign exchange (gain) loss, (gain) loss from a deconsolidation of a subsidiary, and equity investment (gain) loss. A reconciliation of non-GAAP guidance measures to corresponding GAAP measures is not available on a forward-looking basis without unreasonable effort due to the uncertainty of expenses that may be incurred in the future. Investors are encouraged to review the related GAAP financial measures and the reconciliation of these non-GAAP financial measures to their most directly comparable GAAP financial measures and not rely on any single financial measure to evaluate our business.
Forward-Looking Statements
This press release and the accompanying earnings call contain “forward-looking statements” within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934. Although we believe that the expectations reflected in the forward-looking statements contained in this release and the accompanying earnings call are reasonable, they are subject to known and unknown risks, uncertainties, assumptions and other factors that may cause actual results or outcomes to be materially different from any future results or outcomes expressed or implied by the forward-looking statements. These risks, uncertainties, assumptions, and other factors include, but are not limited to the following:
Further information on these and additional risks, uncertainties, and other factors that could cause actual outcomes and results to differ materially from those included in or contemplated by the forward-looking statements contained in this release are included under the caption “Risk Factors” and elsewhere in the filings and reports we make with the Securities and Exchange Commission. We do not undertake any obligation to update or release any revisions to any forward-looking statement or to report any events or circumstances after the date of this press release or to reflect the occurrence of unanticipated events, except as required by law.
Operating Metrics
Annual Recurring Revenue (“ARR”): We define annual recurring revenue as the annual run-rate revenue of subscription agreements, including our self-managed and SaaS offerings but excluding professional services, from all customers as measured on the last day of a given month. We calculate ARR by taking the monthly recurring revenue (“MRR”) and multiplying it by 12. MRR for each month is calculated by aggregating, for all customers during that month, monthly revenue from committed contractual amounts of subscriptions, including our self-managed license, self-managed subscription, and SaaS subscription offerings but excluding professional services.
Dollar-Based Net Retention Rate: We calculate Dollar-Based Net Retention Rate as of a period end by starting with our customers as of the 12 months prior to such period end (“Prior Period ARR”). We then calculate the ARR from these customers as of the current period end (“Current Period ARR”). The calculation of Current Period ARR includes any upsells, price adjustments, user growth within a customer, contraction, and attrition. We then divide the total Current Period ARR by the total Prior Period ARR to arrive at the Dollar-Based Net Retention Rate.
GitLab Inc.Condensed Consolidated Balance Sheets(in thousands, except per share data)(unaudited)
| April 30, 2022(1) | January 31, 2022 | ||||||
| ASSETS | |||||||
| CURRENT ASSETS: | |||||||
| Cash and cash equivalents | $ | 887,489 | $ | 884,672 | |||
| Short-term investments | 47,292 | 50,031 | |||||
| Accounts receivable, net of allowance for doubtful accounts of $491 and $1,098 as of April 30, 2022 and January 31, 2022, respectively | 68,009 | 77,233 | |||||
| Deferred contract acquisition costs, current | 23,904 | 24,363 | |||||
| Prepaid expenses and other current assets | 17,537 | 15,544 | |||||
| Total current assets | 1,044,231 | 1,051,843 | |||||
| Property and equipment, net | 4,347 | 3,271 | |||||
| Equity method investment | 15,615 | — | |||||
| Goodwill | 8,145 | 8,145 | |||||
| Intangible assets, net | 5,684 | 6,285 | |||||
| Deferred contract acquisition costs, non-current | 13,872 | 14,743 | |||||
| Other long-term assets | 7,059 | 7,151 | |||||
| TOTAL ASSETS | $ | 1,098,953 | $ | 1,091,438 | |||
| LIABILITIES AND STOCKHOLDERS’ EQUITY | |||||||
| CURRENT LIABILITIES: | |||||||
| Accounts payable | $ | 5,691 | $ | 4,984 | |||
| Accrued expenses and other current liabilities | 29,165 | 24,571 | |||||
| Accrued compensation and benefits | 11,682 | 32,820 | |||||
| Deferred revenue, current | 188,062 | 179,224 | |||||
| Total current liabilities | 234,600 | 241,599 | |||||
| Deferred revenue, non-current | 27,938 | 32,568 | |||||
| Other non-current liabilities | 18,213 | 18,002 | |||||
| TOTAL LIABILITIES | 280,751 | 292,169 | |||||
| STOCKHOLDERS’ EQUITY: | |||||||
| Preferred stock, $0.0000025 par value; 50,000 shares authorized as of April 30, 2022 and January 31, 2022, respectively; no shares issued and outstanding as of April 30, 2022 and January 31, 2022, respectively | — | — | |||||
| Class A Common stock, $0.0000025 par value; 1,500,000 shares authorized as of April 30, 2022 and January 31, 2022, respectively; 74,049 and 27,141 shares issued and outstanding as of April 30, 2022 and January 31, 2022, respectively | — | — | |||||
| Class B Common stock, $0.0000025 par value; 250,000 shares authorized as of April 30, 2022 and January 31, 2022, respectively; 73,583 and 119,747 shares issued and outstanding as of April 30, 2022 and January 31, 2022, respectively | — | — | |||||
| Additional paid-in capital | 1,355,224 | 1,320,479 | |||||
| Accumulated deficit | (579,436 | ) | (553,337 | ) | |||
| Accumulated other comprehensive income | 6,306 | 7,724 | |||||
| Total GitLab stockholders’ equity | 782,094 | 774,866 | |||||
| Noncontrolling interests | 36,108 | 24,403 | |||||
| TOTAL STOCKHOLDERS’ EQUITY | 818,202 | 799,269 | |||||
| TOTAL LIABILITIES AND STOCKHOLDERS’ EQUITY | $ | 1,098,953 | $ | 1,091,438 | |||
__________(1) As of April 30, 2022 and January 31, 2022, the condensed consolidated balance sheet includes assets of the consolidated variable interest entity, GitLab Information Technology (Hubei) Co., LTD (“JiHu”), of $45.3 million and $17.7 million, respectively, and liabilities of $6.8 million and $3.7 million, respectively. The assets of JiHu can be used only to settle obligations of JiHu and creditors of JiHu do not have recourse against the general credit of the Company.
GitLab Inc.Condensed Consolidated Statements of Operations(in thousands, except per share data)(unaudited)
| Three Months Ended April 30, | |||||||
| 2022 | 2021 | ||||||
| Revenue: | |||||||
| Subscription—self-managed and SaaS | $ | 76,923 | $ | 44,908 | |||
| License—self-managed and other | 10,484 | 5,022 | |||||
| Total revenue | 87,407 | 49,930 | |||||
| Cost of revenue: | |||||||
| Subscription—self-managed and SaaS | 7,933 | 4,949 | |||||
| License—self-managed and other | 1,915 | 1,476 | |||||
| Total cost of revenue | 9,848 | 6,425 | |||||
| Gross profit | 77,559 | 43,505 | |||||
| Operating expenses: | |||||||
| Sales and marketing | 66,710 | 38,854 | |||||
| Research and development | 31,830 | 21,340 | |||||
| General and administrative | 21,892 | 9,339 | |||||
| Total operating expenses | 120,432 | 69,533 | |||||
| Loss from operations | (42,873 | ) | (26,028 | ) | |||
| Interest income | 526 | 54 | |||||
| Other income (expense), net | 18,448 | (1,052 | ) | ||||
| Loss before income taxes and loss from equity method investment | (23,899 | ) | (27,026 | ) | |||
| Loss from equity method investment, net of tax | 203 | — | |||||
| Provision for income taxes | 2,511 | 1,256 | |||||
| Net loss | $ | (26,613 | ) | $ | (28,282 | ) | |
| Net loss attributable to noncontrolling interest | (514 | ) | (345 | ) | |||
| Net loss attributable to GitLab | $ | (26,099 | ) | $ | (27,937 | ) | |
| Net loss per share attributable to GitLab Class A and Class B common stockholders, basic and diluted | $ | (0.18 | ) | $ | (0.53 | ) | |
| Weighted-average shares used to compute net loss per share attributable to GitLab Class A and Class B common stockholders, basic and diluted | 146,643 | 52,744 | |||||
GitLab Inc.Condensed Consolidated Statements of Cash Flows(in thousands)(unaudited)
| Three Months Ended April 30, | ||||||||
| 2022 | 2021 | |||||||
| CASH FLOWS FROM OPERATING ACTIVITIES: | ||||||||
| Net loss, including amounts attributable to noncontrolling interest | $ | (26,613 | ) | $ | (28,282 | ) | ||
| Adjustments to reconcile net loss to net cash used in operating activities: | ||||||||
| Stock-based compensation expense | 17,471 | 3,431 | ||||||
| Amortization of intangible assets | 581 | 84 | ||||||
| Depreciation expense | 558 | — | ||||||
| Amortization of deferred contract acquisition costs | 10,813 | 6,951 | ||||||
| Gain from deconsolidation of Meltano Inc. | (17,798 | ) | — | |||||
| Loss from equity method investment | 256 | — | ||||||
| Unrealized foreign exchange (gain) loss | (231 | ) | 1,021 | |||||
| Other non-cash expense | (268 | ) | (262 | ) | ||||
| Changes in assets and liabilities: | ||||||||
| Accounts receivable | 8,674 | 4,052 | ||||||
| Prepaid expenses and other current assets | (2,158 | ) | (1,276 | ) | ||||
| Costs deferred related to contract acquisition | (10,249 | ) | (4,948 | ) | ||||
| Other long-term assets | (61 | ) | (1,221 | ) | ||||
| Accounts payable | 800 | (272 | ) | |||||
| Accrued expenses and other current liabilities | 1,569 | (1,689 | ) | |||||
| Accrued compensation and benefits | (20,606 | ) | (5,837 | ) | ||||
| Deferred revenue | 6,687 | 6,105 | ||||||
| Other long-term liabilities | 2,419 | 622 | ||||||
| Net cash used in operating activities | (28,156 | ) | (21,521 | ) | ||||
| CASH FLOWS FROM INVESTING ACTIVITIES: | ||||||||
| Purchases of short-term investments | (47,361 | ) | — | |||||
| Proceeds from maturities of short-term investments | 50,031 | — | ||||||
| Purchases of property and equipment | (1,874 | ) | — | |||||
| Deconsolidation of Meltano Inc. | (9,620 | ) | — | |||||
| Net cash used in investing activities | (8,824 | ) | — | |||||
| CASH FLOWS FROM FINANCING ACTIVITIES: | ||||||||
| Proceeds from the issuance of common stock upon exercise of stock options, including early exercises, net of repurchases | 5,317 | 4,129 | ||||||
| Proceeds from short-term borrowings from a potential investor in JiHu | 2,878 | — | ||||||
| Repurchase of common stock in a tender offer | — | (590 | ) | |||||
| Contributions received from noncontrolling interests, net of issuance costs | 35,528 | 7,491 | ||||||
| Net cash provided by financing activities | 43,723 | 11,030 | ||||||
| Impact of foreign exchange on cash and cash equivalents | (3,926 | ) | (130 | ) | ||||
| Net increase (decrease) in cash and cash equivalents | 2,817 | (10,621 | ) | |||||
| Cash, cash equivalents, and restricted cash at beginning of period | 887,172 | 282,850 | ||||||
| Cash, cash equivalents, and restricted cash at end of period | $ | 889,989 | $ | 272,229 | ||||
| Reconciliation of cash, cash equivalents and restricted cash within the condensed consolidated balance sheets to the amounts shown in the consolidated statements of cash flows above: | ||||||||
| Cash and cash equivalents | $ | 887,489 | $ | 272,229 | ||||
| Restricted cash, included in other long-term assets | 2,500 | — | ||||||
| Total cash, cash equivalents and restricted cash | $ | 889,989 | $ | 272,229 | ||||
GitLab Inc.Reconciliation of GAAP to Non-GAAP(in thousands, except per share data)(unaudited)
| Three Months Ended April 30, | |||||||
| 2022 | 2021 | ||||||
| Gross profit on GAAP basis | $ | 77,559 | $ | 43,505 | |||
| Gross margin on GAAP basis | 89 | % | 87 | % | |||
| Stock-based compensation expense | 790 | 152 | |||||
| Amortization of acquired intangibles | 504 | — | |||||
| Gross profit on non-GAAP basis | $ | 78,853 | $ | 43,657 | |||
| Gross margin on non-GAAP basis | 90 | % | 87 | % | |||
| Sales and marketing on GAAP basis | $ | 66,710 | $ | 38,854 | |||
| Stock-based compensation expense | (7,051 | ) | (1,439 | ) | |||
| Sales and marketing on non-GAAP basis | $ | 59,659 | $ | 37,415 | |||
| Research and development on GAAP basis | $ | 31,830 | $ | 21,340 | |||
| Stock-based compensation expense | (5,036 | ) | (965 | ) | |||
| Research and development on non-GAAP basis | $ | 26,794 | $ | 20,375 | |||
| General and administrative on GAAP basis | $ | 21,892 | $ | 9,339 | |||
| Amortization of acquired intangibles | (77 | ) | (84 | ) | |||
| Stock-based compensation expense | (4,594 | ) | (875 | ) | |||
| General and administrative on non-GAAP basis | $ | 17,221 | $ | 8,380 | |||
| Loss from operations on GAAP basis | $ | (42,873 | ) | $ | (26,028 | ) | |
| Stock-based compensation expense | 17,471 | 3,431 | |||||
| Amortization of acquired intangibles | 581 | 84 | |||||
| Loss from operations on non-GAAP basis | $ | (24,821 | ) | $ | (22,513 | ) | |
| Other income (expense), net on GAAP basis | $ | 18,448 | $ | (1,052 | ) | ||
| Gain from deconsolidation of Meltano Inc. | (17,798 | ) | — | ||||
| Foreign exchange (gain) loss | (860 | ) | 1,051 | ||||
| Other income (expense), net on non-GAAP basis | $ | (210 | ) | $ | (1 | ) | |
| Net loss attributable to GitLab common stockholders on GAAP basis | $ | (26,099 | ) | $ | (27,937 | ) | |
| Stock-based compensation expense | 17,471 | 3,431 | |||||
| Amortization of acquired intangibles | 581 | 84 | |||||
| Gain from deconsolidation of Meltano Inc. | (17,798 | ) | — | ||||
| Loss from equity method investment, net of tax | 203 | — | |||||
| Foreign exchange (gain) loss | (860 | ) | 1,051 | ||||
| Net loss attributable to GitLab common stockholders on non-GAAP basis | $ | (26,502 | ) | $ | (23,371 | ) | |
| Net loss per share on GAAP basis | $ | (0.18 | ) | $ | (0.53 | ) | |
| Non-GAAP adjustments to net loss per share | — | 0.09 | |||||
| Net loss per share on non-GAAP basis | $ | (0.18 | ) | $ | (0.44 | ) | |
| Shares used in per share calculation - diluted on GAAP and non-GAAP basis | 146,643 | 52,744 | |||||
Media Contact: Natasha Woods GitLab Inc. press@gitlab.com
Investor Contact: Jack AndrewsGitLab Inc.ir@gitlab.com
Квартальная выручка составила 87,4 млн долларов, что на 75% больше по сравнению с аналогичным периодом прошлого года. Высокий показатель чистого удержания в долларах превысил 130%
Основные моменты Первого финансового квартала:
САН-ФРАНЦИСКО, 06 июня 2022 года (GLOBE NEWSWIRE) -- Все-удаленно - GitLab Inc. (NASDAQ: GTLB), Платформа One DevOps, сегодня сообщила о финансовых результатах за первый квартал 2023 финансового года, закончившийся 30 апреля 2022 года.
“Мы стали свидетелями существенного изменения в том, как предприятия разрабатывают, эксплуатируют и защищают программное обеспечение, перейдя к стратегии платформы. В результате наша платформа One DevOps набирает обороты и получает все более широкое распространение”, - сказал Сид Сийбрандий, генеральный директор и соучредитель GitLab. “Ускорив рост выручки, мы также смогли продемонстрировать значительный операционный рычаг. В основе такого ускорения роста лежала более высокая скорость привлечения новых клиентов, а также расширение количества мест и повышение уровня обслуживания существующих клиентов. Заглядывая в будущее, мы видим, что клиенты продолжают активно внедрять нашу платформу One DevOps”.
“Я очень рад, что мы показали уверенный первый квартал, превысив наши прогнозы”, - сказал Брайан Робинс, финансовый директор GitLab. “Показатели в первом квартале были высокими: рост выручки на 75% в годовом исчислении, чистое удержание в долларах выше 130%, рост RPO на 92% в годовом исчислении, валовая прибыль без учета GAAP на 90%, увеличение операционной прибыли без учета GAAP на 1700 базисных пунктов в годовом исчислении -год, и мы увидели значительный рост во всех клиентских сегментах, несмотря на макроэкономические условия. Мы по-прежнему привержены ответственному росту”.
Основные финансовые показатели за первый квартал 2023 финансового года (в миллионах, за исключением данных на акцию и процентов):
| Q1 FY 2023 | Q1 FY 2022 | Y/Y Change | |||||||||
| Revenue | $ | 87.4 | $ | 49.9 | 75 | % | |||||
| GAAP Gross margin | 89 | % | 87 | % | |||||||
| Non-GAAP Gross margin | 90 | % | 87 | % | |||||||
| GAAP Operating loss | $ | (42.9 | ) | $ | (26.0 | ) | $ | (16.9 | ) | ||
| Non-GAAP Operating loss | $ | (24.8 | ) | $ | (22.5 | ) | $ | (2.3 | ) | ||
| GAAP Net loss attributable to GitLab | $ | (26.1 | ) | $ | (27.9 | ) | $ | 1.8 | |||
| Non-GAAP Net loss attributable to GitLab | $ | (26.5 | ) | $ | (23.4 | ) | $ | (3.1 | ) | ||
| GAAP Net loss per share attributable to GitLab | $ | (0.18 | ) | $ | (0.53 | ) | $ | 0.35 | |||
| Non-GAAP Net loss per share attributable to GitLab | $ | (0.18 | ) | $ | (0.44 | ) | $ | 0.26 | |||
Сверка между финансовыми показателями по ОПБУ и финансовыми показателями, не относящимися к ОПБУ, содержится в этом выпуске в разделе, озаглавленном “Финансовые показатели, не относящиеся к ОПБУ”.
Основные бизнес-события Первого квартала 2023 Финансового года:
Финансовый прогноз на Второй квартал и 2023 финансовый год
На второй квартал 2023 финансового года GitLab Inc. ожидает (в миллионах, за исключением данных о долях и расчете на акцию):
| Q2 FY 2023 Guidance | FY 2023 Guidance | ||
| Revenue | $93.5 - $94.5 | $398.0 - $402.0 | |
| Non-GAAP operating loss | $(34.0) - $(33.0) | $(130.5) - $(127.5) | |
| Non-GAAP net loss per share assuming approximately 147 million and 148 million weighted average shares outstanding as of Q2 FY2023 and FY23, respectively | $(0.24) - $(0.23) | $(0.93) - $(0.89) |
Эти заявления носят прогнозный характер, и фактические результаты могут существенно отличаться в результате многих факторов. Обратитесь к Прогнозным заявлениям safe harbor ниже для получения информации о факторах, которые могут привести к тому, что наши фактические результаты будут существенно отличаться от этих прогнозных заявлений.
Руководство по финансовым показателям, не связанным с GAAP, исключает расходы на компенсацию на основе акций, амортизацию приобретенных нематериальных активов, убыток от курсовой разницы (прибыль) и убыток от инвестиций в акционерный капитал (прибыль). Мы не предоставили наиболее непосредственно сопоставимые показатели финансового руководства по GAAP, поскольку некоторые статьи находятся вне нашего контроля или не могут быть разумно предсказаны. Соответственно, сверка рекомендаций по операционным убыткам и чистым убыткам на акцию, не относящихся к GAAP, с соответствующими показателями GAAP отсутствует.
Информация о конференц-звонке
GitLab проведет телефонную конференцию сегодня, 6 июня 2022 года, в 1:30 вечера (PT) / 4:30 вечера (ET), чтобы обсудить свои финансовые результаты за первый квартал и за весь 2023 финансовый год. Инвесторам и аналитикам следует заранее зарегистрироваться на звонок, посетив https://gitlab.zoom.us/webinar/register/WN_eGH44yj-QJWobw2wDZ764Q . Повтор звонка будет доступен на веб-сайте GitLab по связям с инвесторами (ir.gitlab.com ).
GitLab - это единственная платформа DevOps, которая позволяет организациям максимизировать общую отдачу от разработки программного обеспечения за счет более быстрой и эффективной доставки программного обеспечения при одновременном повышении безопасности и соответствия требованиям. Единое приложение GitLab проще в использовании, сокращает время цикла и обеспечивает наглядность и контроль на всех этапах жизненного цикла DevOps. С помощью GitLab каждая команда в вашей организации может совместно планировать, создавать, защищать и развертывать программное обеспечение для ускорения достижения бизнес-результатов при полной прозрачности, согласованности и отслеживаемости.
Финансовые показатели, не относящиеся к ОПБУ
GitLab считает, что показатели, не относящиеся к GAAP, полезны для оценки ее операционной эффективности. GitLab использует эту дополнительную информацию для оценки своих текущих операций, а также для целей внутреннего планирования и прогнозирования. GitLab считает, что финансовая информация, не относящаяся к GAAP, в совокупности с финансовой информацией по GAAP, может быть полезной для инвесторов, поскольку она обеспечивает согласованность и сопоставимость с прошлыми финансовыми показателями. Однако финансовая информация, не относящаяся к ОПБУ, представлена только в дополнительных информационных целях, имеет ограничения в качестве аналитического инструмента и не должна рассматриваться изолированно или в качестве замены финансовой информации, представленной в соответствии с ОПБУ. Сверка финансовых показателей, не относящихся к GAAP, с наиболее непосредственно сопоставимыми финансовыми результатами, определенными в соответствии с GAAP, приведена в конце настоящего пресс-релиза после прилагаемых финансовых данных. Мы определяем финансовые показатели, не относящиеся к GAAP, как показатели GAAP, исключая расходы на компенсацию на основе акций, амортизацию приобретенных нематериальных активов, убыток от курсовой разницы (прибыль), убыток (прибыль) от деконсолидации дочерней компании и убыток от инвестиций в акционерный капитал (прибыль). Сверка руководящих показателей, не относящихся к GAAP, с соответствующими показателями GAAP невозможна на прогнозной основе без необоснованных усилий из-за неопределенности расходов, которые могут быть понесены в будущем. Инвесторам рекомендуется пересмотреть соответствующие финансовые показатели GAAP и сверить эти финансовые показатели, не относящиеся к GAAP, с их наиболее непосредственно сопоставимыми финансовыми показателями GAAP, а не полагаться на какой-либо один финансовый показатель для оценки нашего бизнеса.
Прогнозные заявления
Настоящий пресс-релиз и сопровождающий его отчет о доходах содержат “прогнозные заявления” по смыслу Раздела 27A Закона о ценных бумагах 1933 года с поправками и Раздела 21E Закона о ценных бумагах и биржах 1934 года. Хотя мы считаем, что ожидания, отраженные в прогнозных заявлениях, содержащихся в настоящем пресс-релизе, и прилагаемом прогнозе прибыли, являются разумными, они подвержены известным и неизвестным рискам, неопределенностям, допущениям и другим факторам, которые могут привести к тому, что фактические результаты или результаты будут существенно отличаться от любых будущих результатов или результатов, выраженных или подразумеваемых по прогнозным заявлениям. Эти риски, неопределенности, допущения и другие факторы включают, но не ограничиваются следующим:
Дополнительная информация об этих и дополнительных рисках, неопределенностях и других факторах, которые могут привести к тому, что фактические результаты и результаты будут существенно отличаться от тех, которые включены или предполагаются в прогнозных заявлениях, содержащихся в этом релизе, включена под заголовком “Факторы риска” и в других документах и отчетах, которые мы делаем с Ценными бумагами и Комиссия за обмен. Мы не берем на себя никаких обязательств обновлять или публиковать какие-либо изменения в любом прогнозном заявлении или сообщать о каких-либо событиях или обстоятельствах после даты настоящего пресс-релиза или отражать возникновение непредвиденных событий, за исключением случаев, предусмотренных законом.
Операционные показатели
Годовой периодический доход (“ARR”): Мы определяем годовой периодический доход как годовой доход от подписных соглашений, включая наши самоуправляемые и SaaS-предложения, но исключая профессиональные услуги, от всех клиентов, измеренный в последний день данного месяца. Мы рассчитываем ARR, беря ежемесячный повторяющийся доход (“MRR”) и умножая его на 12. MRR за каждый месяц рассчитывается путем агрегирования для всех клиентов в течение этого месяца ежемесячного дохода от фиксированных договорных сумм подписок, включая нашу самоуправляемую лицензию, самоуправляемую подписку и подписку SaaS. предложения, но исключая профессиональные услуги.
Чистый коэффициент удержания в долларах США: Мы рассчитываем Чистый коэффициент удержания в долларах США на конец периода, начиная с наших клиентов за 12 месяцев до окончания такого периода (“Предыдущий период ARR”). Затем мы рассчитываем ARR от этих клиентов на конец текущего периода (“ARR текущего периода”). Расчет ARR за текущий период включает в себя любые увеличения продаж, корректировки цен, рост числа пользователей внутри клиента, сокращение и выбытие. Затем мы делим общую сумму ARR за текущий период на общую сумму ARR за предыдущий период, чтобы получить Чистую ставку удержания в долларах США.
Сокращенный консолидированный баланс GitLab Inc. (в тысячах, за исключением данных на акцию) (неаудированный)
| April 30, 2022(1) | January 31, 2022 | ||||||
| ASSETS | |||||||
| CURRENT ASSETS: | |||||||
| Cash and cash equivalents | $ | 887,489 | $ | 884,672 | |||
| Short-term investments | 47,292 | 50,031 | |||||
| Accounts receivable, net of allowance for doubtful accounts of $491 and $1,098 as of April 30, 2022 and January 31, 2022, respectively | 68,009 | 77,233 | |||||
| Deferred contract acquisition costs, current | 23,904 | 24,363 | |||||
| Prepaid expenses and other current assets | 17,537 | 15,544 | |||||
| Total current assets | 1,044,231 | 1,051,843 | |||||
| Property and equipment, net | 4,347 | 3,271 | |||||
| Equity method investment | 15,615 | — | |||||
| Goodwill | 8,145 | 8,145 | |||||
| Intangible assets, net | 5,684 | 6,285 | |||||
| Deferred contract acquisition costs, non-current | 13,872 | 14,743 | |||||
| Other long-term assets | 7,059 | 7,151 | |||||
| TOTAL ASSETS | $ | 1,098,953 | $ | 1,091,438 | |||
| LIABILITIES AND STOCKHOLDERS’ EQUITY | |||||||
| CURRENT LIABILITIES: | |||||||
| Accounts payable | $ | 5,691 | $ | 4,984 | |||
| Accrued expenses and other current liabilities | 29,165 | 24,571 | |||||
| Accrued compensation and benefits | 11,682 | 32,820 | |||||
| Deferred revenue, current | 188,062 | 179,224 | |||||
| Total current liabilities | 234,600 | 241,599 | |||||
| Deferred revenue, non-current | 27,938 | 32,568 | |||||
| Other non-current liabilities | 18,213 | 18,002 | |||||
| TOTAL LIABILITIES | 280,751 | 292,169 | |||||
| STOCKHOLDERS’ EQUITY: | |||||||
| Preferred stock, $0.0000025 par value; 50,000 shares authorized as of April 30, 2022 and January 31, 2022, respectively; no shares issued and outstanding as of April 30, 2022 and January 31, 2022, respectively | — | — | |||||
| Class A Common stock, $0.0000025 par value; 1,500,000 shares authorized as of April 30, 2022 and January 31, 2022, respectively; 74,049 and 27,141 shares issued and outstanding as of April 30, 2022 and January 31, 2022, respectively | — | — | |||||
| Class B Common stock, $0.0000025 par value; 250,000 shares authorized as of April 30, 2022 and January 31, 2022, respectively; 73,583 and 119,747 shares issued and outstanding as of April 30, 2022 and January 31, 2022, respectively | — | — | |||||
| Additional paid-in capital | 1,355,224 | 1,320,479 | |||||
| Accumulated deficit | (579,436 | ) | (553,337 | ) | |||
| Accumulated other comprehensive income | 6,306 | 7,724 | |||||
| Total GitLab stockholders’ equity | 782,094 | 774,866 | |||||
| Noncontrolling interests | 36,108 | 24,403 | |||||
| TOTAL STOCKHOLDERS’ EQUITY | 818,202 | 799,269 | |||||
| TOTAL LIABILITIES AND STOCKHOLDERS’ EQUITY | $ | 1,098,953 | $ | 1,091,438 | |||
__________(1) По состоянию на 30 апреля 2022 года и 31 января 2022 года сокращенный консолидированный баланс включает активы консолидированной компании с переменной долей участия, GitLab Information Technology (Hubei) Co., LTD (“JiHu”), в размере 45,3 млн долларов США и 17,7 млн долларов США, соответственно, и обязательства в размере 6,8 миллиона долларов и 3,7 миллиона долларов соответственно. Активы JiHu могут быть использованы только для погашения обязательств JiHu, и кредиторы JiHu не имеют права регресса против общего кредита Компании.
Сокращенный консолидированный отчет о деятельности GitLab Inc. (в тысячах, за исключением данных на акцию) (неаудированный)
| Three Months Ended April 30, | |||||||
| 2022 | 2021 | ||||||
| Revenue: | |||||||
| Subscription—self-managed and SaaS | $ | 76,923 | $ | 44,908 | |||
| License—self-managed and other | 10,484 | 5,022 | |||||
| Total revenue | 87,407 | 49,930 | |||||
| Cost of revenue: | |||||||
| Subscription—self-managed and SaaS | 7,933 | 4,949 | |||||
| License—self-managed and other | 1,915 | 1,476 | |||||
| Total cost of revenue | 9,848 | 6,425 | |||||
| Gross profit | 77,559 | 43,505 | |||||
| Operating expenses: | |||||||
| Sales and marketing | 66,710 | 38,854 | |||||
| Research and development | 31,830 | 21,340 | |||||
| General and administrative | 21,892 | 9,339 | |||||
| Total operating expenses | 120,432 | 69,533 | |||||
| Loss from operations | (42,873 | ) | (26,028 | ) | |||
| Interest income | 526 | 54 | |||||
| Other income (expense), net | 18,448 | (1,052 | ) | ||||
| Loss before income taxes and loss from equity method investment | (23,899 | ) | (27,026 | ) | |||
| Loss from equity method investment, net of tax | 203 | — | |||||
| Provision for income taxes | 2,511 | 1,256 | |||||
| Net loss | $ | (26,613 | ) | $ | (28,282 | ) | |
| Net loss attributable to noncontrolling interest | (514 | ) | (345 | ) | |||
| Net loss attributable to GitLab | $ | (26,099 | ) | $ | (27,937 | ) | |
| Net loss per share attributable to GitLab Class A and Class B common stockholders, basic and diluted | $ | (0.18 | ) | $ | (0.53 | ) | |
| Weighted-average shares used to compute net loss per share attributable to GitLab Class A and Class B common stockholders, basic and diluted | 146,643 | 52,744 | |||||
GitLab Inc.Сокращенные консолидированные отчеты о движении денежных средств (в тысячах) (неаудированные)
| Three Months Ended April 30, | ||||||||
| 2022 | 2021 | |||||||
| CASH FLOWS FROM OPERATING ACTIVITIES: | ||||||||
| Net loss, including amounts attributable to noncontrolling interest | $ | (26,613 | ) | $ | (28,282 | ) | ||
| Adjustments to reconcile net loss to net cash used in operating activities: | ||||||||
| Stock-based compensation expense | 17,471 | 3,431 | ||||||
| Amortization of intangible assets | 581 | 84 | ||||||
| Depreciation expense | 558 | — | ||||||
| Amortization of deferred contract acquisition costs | 10,813 | 6,951 | ||||||
| Gain from deconsolidation of Meltano Inc. | (17,798 | ) | — | |||||
| Loss from equity method investment | 256 | — | ||||||
| Unrealized foreign exchange (gain) loss | (231 | ) | 1,021 | |||||
| Other non-cash expense | (268 | ) | (262 | ) | ||||
| Changes in assets and liabilities: | ||||||||
| Accounts receivable | 8,674 | 4,052 | ||||||
| Prepaid expenses and other current assets | (2,158 | ) | (1,276 | ) | ||||
| Costs deferred related to contract acquisition | (10,249 | ) | (4,948 | ) | ||||
| Other long-term assets | (61 | ) | (1,221 | ) | ||||
| Accounts payable | 800 | (272 | ) | |||||
| Accrued expenses and other current liabilities | 1,569 | (1,689 | ) | |||||
| Accrued compensation and benefits | (20,606 | ) | (5,837 | ) | ||||
| Deferred revenue | 6,687 | 6,105 | ||||||
| Other long-term liabilities | 2,419 | 622 | ||||||
| Net cash used in operating activities | (28,156 | ) | (21,521 | ) | ||||
| CASH FLOWS FROM INVESTING ACTIVITIES: | ||||||||
| Purchases of short-term investments | (47,361 | ) | — | |||||
| Proceeds from maturities of short-term investments | 50,031 | — | ||||||
| Purchases of property and equipment | (1,874 | ) | — | |||||
| Deconsolidation of Meltano Inc. | (9,620 | ) | — | |||||
| Net cash used in investing activities | (8,824 | ) | — | |||||
| CASH FLOWS FROM FINANCING ACTIVITIES: | ||||||||
| Proceeds from the issuance of common stock upon exercise of stock options, including early exercises, net of repurchases | 5,317 | 4,129 | ||||||
| Proceeds from short-term borrowings from a potential investor in JiHu | 2,878 | — | ||||||
| Repurchase of common stock in a tender offer | — | (590 | ) | |||||
| Contributions received from noncontrolling interests, net of issuance costs | 35,528 | 7,491 | ||||||
| Net cash provided by financing activities | 43,723 | 11,030 | ||||||
| Impact of foreign exchange on cash and cash equivalents | (3,926 | ) | (130 | ) | ||||
| Net increase (decrease) in cash and cash equivalents | 2,817 | (10,621 | ) | |||||
| Cash, cash equivalents, and restricted cash at beginning of period | 887,172 | 282,850 | ||||||
| Cash, cash equivalents, and restricted cash at end of period | $ | 889,989 | $ | 272,229 | ||||
| Reconciliation of cash, cash equivalents and restricted cash within the condensed consolidated balance sheets to the amounts shown in the consolidated statements of cash flows above: | ||||||||
| Cash and cash equivalents | $ | 887,489 | $ | 272,229 | ||||
| Restricted cash, included in other long-term assets | 2,500 | — | ||||||
| Total cash, cash equivalents and restricted cash | $ | 889,989 | $ | 272,229 | ||||
GitLab Inc.Сверка GAAP с Не-GAAP (в тысячах, за исключением данных на акцию) (неаудировано)
| Three Months Ended April 30, | |||||||
| 2022 | 2021 | ||||||
| Gross profit on GAAP basis | $ | 77,559 | $ | 43,505 | |||
| Gross margin on GAAP basis | 89 | % | 87 | % | |||
| Stock-based compensation expense | 790 | 152 | |||||
| Amortization of acquired intangibles | 504 | — | |||||
| Gross profit on non-GAAP basis | $ | 78,853 | $ | 43,657 | |||
| Gross margin on non-GAAP basis | 90 | % | 87 | % | |||
| Sales and marketing on GAAP basis | $ | 66,710 | $ | 38,854 | |||
| Stock-based compensation expense | (7,051 | ) | (1,439 | ) | |||
| Sales and marketing on non-GAAP basis | $ | 59,659 | $ | 37,415 | |||
| Research and development on GAAP basis | $ | 31,830 | $ | 21,340 | |||
| Stock-based compensation expense | (5,036 | ) | (965 | ) | |||
| Research and development on non-GAAP basis | $ | 26,794 | $ | 20,375 | |||
| General and administrative on GAAP basis | $ | 21,892 | $ | 9,339 | |||
| Amortization of acquired intangibles | (77 | ) | (84 | ) | |||
| Stock-based compensation expense | (4,594 | ) | (875 | ) | |||
| General and administrative on non-GAAP basis | $ | 17,221 | $ | 8,380 | |||
| Loss from operations on GAAP basis | $ | (42,873 | ) | $ | (26,028 | ) | |
| Stock-based compensation expense | 17,471 | 3,431 | |||||
| Amortization of acquired intangibles | 581 | 84 | |||||
| Loss from operations on non-GAAP basis | $ | (24,821 | ) | $ | (22,513 | ) | |
| Other income (expense), net on GAAP basis | $ | 18,448 | $ | (1,052 | ) | ||
| Gain from deconsolidation of Meltano Inc. | (17,798 | ) | — | ||||
| Foreign exchange (gain) loss | (860 | ) | 1,051 | ||||
| Other income (expense), net on non-GAAP basis | $ | (210 | ) | $ | (1 | ) | |
| Net loss attributable to GitLab common stockholders on GAAP basis | $ | (26,099 | ) | $ | (27,937 | ) | |
| Stock-based compensation expense | 17,471 | 3,431 | |||||
| Amortization of acquired intangibles | 581 | 84 | |||||
| Gain from deconsolidation of Meltano Inc. | (17,798 | ) | — | ||||
| Loss from equity method investment, net of tax | 203 | — | |||||
| Foreign exchange (gain) loss | (860 | ) | 1,051 | ||||
| Net loss attributable to GitLab common stockholders on non-GAAP basis | $ | (26,502 | ) | $ | (23,371 | ) | |
| Net loss per share on GAAP basis | $ | (0.18 | ) | $ | (0.53 | ) | |
| Non-GAAP adjustments to net loss per share | — | 0.09 | |||||
| Net loss per share on non-GAAP basis | $ | (0.18 | ) | $ | (0.44 | ) | |
| Shares used in per share calculation - diluted on GAAP and non-GAAP basis | 146,643 | 52,744 | |||||
Контактное лицо для СМИ: Наташа Вудс, GitLab Inc. press@gitlab.com
Контактное лицо для инвесторов: Джек Эндрюсгитлаб Inc.ir@gitlab.com
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