Why Couchbase Stock Rocked the Market on Wednesday [Yahoo! Finance]
Couchbase, Inc. (BASE)
Company Research
Source: Yahoo! Finance
Investors rewarded the company for its better-than-expected quarter by pushing the stock's price up by 4%. That was a far higher rise than the 0.5% advance of the S&P 500 index. Convincing beats on the top and bottom lines for the fourth quarter In said quarter, Couchbase took in revenue of slightly over $50 million. That was 20% higher than in the same period of 2022 and almost entirely comprised of subscription revenue. On the bottom line, the company narrowed its non- GAAP (adjusted) net loss considerably. This amounted to a bit more than $2.9 million ($0.06 per share), against the more than $8 million deficit in the year-ago quarter. Both headline figures well exceeded the average analyst estimate -- hence, the positive reaction from the market. The consensus for revenue was just under $45.6 million and adjusted net loss of $0.14 per share. Couchbase saw notable success the old-fashioned way -- by winning more business for its services. Annual recurring revenue (ARR), a ke
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News
- VulnCheck Closes $7.95 Million in Seed Funding to Accelerate Momentum Amid Growing Demand for its Next-Generation Exploit Intelligence Solutions [Yahoo! Finance]Yahoo! Finance
- We're Interested To See How Couchbase (NASDAQ:BASE) Uses Its Cash Hoard To Grow [Yahoo! Finance]Yahoo! Finance
- Q4 Earnings Highs And Lows: Couchbase (NASDAQ:BASE) Vs The Rest Of The Data Storage Stocks [Yahoo! Finance]Yahoo! Finance
- Couchbase: Possible Beat And Raise In FY25 [Seeking Alpha]Seeking Alpha
- Couchbase: Cautious Outlook Despite Promising DBaaS Uptake [Seeking Alpha]Seeking Alpha
BASE
Earnings
- 3/5/24 - Beat
BASE
Sec Filings
- 4/17/24 - Form 4
- 4/17/24 - Form ARS
- 4/17/24 - Form DEFA14A
- BASE's page on the SEC website