Posted 3/7/2024, 12:04:00 AM
Couchbase Stock Jumps As Database Company Beats Expectations, Reports Narrowing Losses and Strong Growth
- Couchbase beat revenue and earnings expectations for its latest quarterly report, leading its stock price to jump 4%
- The company reported subscription revenue growth of 20% year-over-year to over $50 million
- Couchbase narrowed its net loss to $2.9 million, much less than the $8 million loss a year prior
- Annual recurring revenue (ARR) rose 25%, showing the stickiness of Couchbase's offerings
- For the new fiscal year, Couchbase forecasts continued double-digit revenue growth to $203-207 million