Why Couchbase Shares Are Up Wednesday
Portfolio Pulse from Lekha Gupta
Couchbase, Inc. (NASDAQ:BASE) shares surged after reporting Q4 earnings above estimates and providing positive Q1 revenue guidance. Q4 revenue grew 20% Y/Y to $50.1 million, surpassing the consensus of $46.6 million. Subscription revenue increased 26% Y/Y to $48.1 million. Total ARR reached $204.2 million, a 25% Y/Y growth. Adjusted gross margin improved to 90.4%. The adjusted operating loss narrowed to $(4.1) million from $(9.9) million in Q4 FY2023. Adjusted EPS loss was $(0.06), better than the expected $(0.14). The company forecasts Q1 FY25 revenue between $48.1 million and $48.9 million, and FY25 revenue between $203.0 million and $207.0 million, with adjusted operating losses expected to decrease.
March 06, 2024 | 2:57 pm
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Couchbase, Inc. (NASDAQ:BASE) shares rose after surpassing Q4 earnings expectations and issuing optimistic revenue guidance for Q1 and FY25. The company demonstrated strong revenue growth, margin expansion, and a reduction in operating losses.
Couchbase's positive earnings report and optimistic revenue guidance for the upcoming quarters indicate strong business performance and potential for continued growth. The significant year-over-year revenue growth, improvement in gross margins, and reduction in operating losses are key factors likely to boost investor confidence and drive the stock price up in the short term.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100