Techrights

GitLab's Losses Grew From $172,311,000 to $424,174,000 Per Annum

Posted by Roy Schestowitz on May 06, 2024

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Source: GitLab Reports Fourth Quarter and Full Year 2024 Financial Results

↺ GitLab Reports Fourth Quarter and Full Year 2024 Financial Results

> GitLab Reports Fourth Quarter and Full Year 2024 Financial Results

THE INTEREST rates on loans (debt) have risen a lot in recent years, especially the past 2 years. It's not just some "cheap extra cash". GitLab's shares collapsed due to poor results (after mass layoffs, it didn't help much) and last spring Gitlab lost one-third of its supposed "value" after the company had issued a weak forecast (see balance sheet above). We mentioned it this past autumn and the only silver lining we see is that Gitlab paid back 1 billion dollar in debt this past year. Where did that money come from? It's a fair question. Anyway, yesterday we highlighted the risk of relying on a losing company, Clownflare, and today we illuminate the problems of GitLab as a company. Letting this company have control over your (or your company's) development/code forge may cost you a lot in the future. Keep is simple. GitLab the software is heaps of JavaScript - an accessibility problem among others. █

↺ collapsed due to poor results

↺ last spring Gitlab lost one-third of its supposed "value" after the company had issued a weak forecast

mentioned it this past autumn

↺ paid back 1 billion dollar in debt this past year

yesterday we highlighted the risk of relying on a losing company, Clownflare

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