GTLB SHAREHOLDER ALERT: Bronstein, Gewirtz & Grossman LLC Announces that GitLab Inc. Investors with Substantial Losses Have Opportunity to Lead Class Action Lawsuit!

Core Viewpoint - A class action lawsuit has been filed against GitLab Inc. for alleged violations of federal securities laws, claiming that the company misled investors regarding its AI development capabilities and financial outlook [1][2][3]. Group 1: Lawsuit Details - The lawsuit seeks damages for all individuals and entities that purchased GitLab securities between June 6, 2023, and March 4, 2024, known as the "Class Period" [2]. - The Complaint alleges that GitLab's executives made overly positive statements while concealing material adverse facts about the company's ability to develop AI features and its DevSecOps platform [3]. - On March 4, 2024, GitLab reported a strong Q1 2024 but subsequently lowered its full-year guidance for 2025, indicating a need for more time to build its pipeline and close deals on new products [3]. Group 2: Financial Implications - GitLab provided guidance for Q1 2025 with anticipated non-GAAP operating losses of $12-$13 million and projected non-GAAP revenue of $5-$10 million for the full year of 2025 [3]. - The growth rates for first quarter 2025 and full year 2025 were estimated to be between 30% and 31% and 27%, respectively [3]. - Following the announcement of lowered guidance, GitLab's stock price experienced a decline, negatively impacting investors [3]. Group 3: Next Steps for Investors - Investors who suffered losses in GitLab have until November 4, 2024, to request to be appointed as lead plaintiff in the class action [4]. - The law firm representing the class action operates on a contingency fee basis, meaning they will only collect fees if the case is successful [5].