GitLab Inc. ($GTLB) reported its Q4 earnings, surpassing analyst expectations with an EPS of $0.15 compared to the estimated $0.08 and sales reaching $163.78M against the forecasted $158.21M, marking a +28.72% YoY increase. Despite the positive earnings, the company's stock experienced a significant drop, with an 8% drop reported initially, escalating to 16%, and then plummeting further to 24% in after-hours trading following the announcement of its weak earnings guidance for the upcoming year. GitLab anticipates a loss between $0.04 and $0.05 per share on revenue projections of $165 million to $166 million, which contrasts with Wall Street's expectations of a $0.06 EPS and $162.1 million in sales. This guidance led to a substantial decrease in GitLab's stock price, with reports indicating a drop of nearly 19%. The company's CFO mentioned a shift towards a less conservative guidance philosophy, which caught many off-guard during the earnings call.