04:37 PM EDT, 06/03/2024 (MT Newswires) -- GitLab ( GTLB ) reported fiscal Q1 non-GAAP earnings late Wednesday of $0.03 per diluted share, compared with a loss of $0.06 a year earlier.

Analysts polled by Capital IQ expected a loss of $0.04.

Revenue in the quarter ended April 30 rose to $169.2 million, up from $126.9 million a year earlier.

Analysts surveyed by Capital IQ expected $166.1 million.

The company expects fiscal Q2 non-GAAP earnings of $0.09 to $0.10 per diluted share on sales of $176 million to $177 million. Analysts surveyed by Capital IQ expect EPS of $0.05 on revenue of $177.3 million.

The company expects fiscal 2025 non-GAAP earnings of $0.34 to $0.37 per diluted share on revenue of $733 million to $737 million. Analysts surveyed by Capital IQ expect EPS of $0.24 on revenue of $734.3 million.

Shares of the company fell 1% in after-hours activity.

Price: 46.60, Change: -0.47, Percent Change: -1.00