GitLab Stock Drops After Q1 Report, Q2 Revenue Guidance Below Estimate

1. GitLab exceeded earnings expectations with 17 cents per share reported. 2. Quarterly revenue was $214.51 million, surpassing estimates by $1.35 million. 3. Customer growth: 10,104 over $5K ARR, up 13%; 1,288 over $100K ARR, up 26%. 4. Dollar-Based Net Retention Rate improved to 122% year-over-year. 5. Stock fell 11.67% in after-hours trading, indicating market concerns.