Couchbase, Inc. - BASE STOCK NEWS

Couchbase (NASDAQ: BASE) has announced significant advancements to its Capella cloud database platform. Key highlights include:

1. Capella Columnar: Now generally available on AWS, enabling real-time data analysis alongside operational workloads within a single database platform.

2. Couchbase Mobile with vector search: Allows customers to offer similarity and hybrid search in applications on mobile and at the edge.

3. Capella Free Tier: A free developer environment for evaluating and exploring products without time constraints.

These enhancements aim to streamline the development of adaptive applications, reduce costs, and simplify operations for organizations building cloud-to-edge AI-powered applications.

Couchbase (NASDAQ: BASE), the cloud database platform company, has announced new employee inducement grants under its 2023 Inducement Equity Incentive Plan. On August 28, 2024, the company granted 11 non-executive employees equity awards in the form of service-based restricted stock units (RSUs), representing the right to receive up to 28,730 shares of Couchbase common stock.

The vesting schedule for these RSU Awards is as follows:

• 50% of the shares vest on the first quarterly vesting date following the one-year anniversary of the vesting commencement date
• 12.5% of the shares vest on each quarterly vesting date thereafter

Vesting is conditioned upon each employee's continued employment. These inducement grants were approved by Couchbase's Compensation Committee and comply with Nasdaq Rule 5635(c)(4).

Couchbase, Inc. (NASDAQ: BASE), the cloud database platform company, has announced its participation in two upcoming investor conferences. Chair, President and CEO Matt Cain will present at the Goldman Sachs Communacopia + Technology Conference in San Francisco on September 10, 2024 at 10:50 a.m. PT. Additionally, CFO Greg Henry and SVP of Cloud, Growth and Business Operations Scott Anderson will present at the Piper Sandler Growth Frontiers Conference in Nashville on September 11, 2024 at 10:00 a.m. CT.

Both presentations will be available via live webcasts and replays on Couchbase's investor relations website. The company's management will also participate in investor meetings at both conferences, providing opportunities for direct engagement with potential investors.

Couchbase (NASDAQ: BASE), the cloud database platform company, has announced that it will release its second quarter fiscal 2025 financial results on Wednesday, September 4, 2024, after the market closes. The company will host a conference call and webcast at 1:30 p.m. Pacific Time (4:30 p.m. Eastern Time) on the same day to discuss the results.

Investors and interested parties can access the conference call by dialing 877-407-8029 from the United States or +1 201-689-8029 from international locations. Additionally, a webcast and replay will be available on the investor relations page of Couchbase's website at investors.couchbase.com.

Couchbase (NASDAQ: BASE) announced its financial results for Q1 Fiscal 2025 ended April 30, 2024. The company reported a 25% YoY increase in total revenue, reaching $51.3 million, and a 27% YoY increase in subscription revenue, totaling $49 million. Annual recurring revenue (ARR) grew by 21% YoY to $207.7 million. The gross margin improved to 88.9%, and the non-GAAP gross margin reached 89.9%. The operating loss remained unchanged at $22.5 million, but non-GAAP operating loss decreased to $6.7 million.

Significantly, Couchbase achieved positive free cash flow of $0.6 million. The company also reported a 33% YoY increase in remaining performance obligations (RPO), totaling $220 million. Recent business highlights include the general availability of vector search in Couchbase Capella, the appointment of Julie Irish as CIO, and participation in the Google Cloud Ready Distributed Cloud program.

For Q2 FY2025, Couchbase expects total revenue between $50.6-$51.4 million and a non-GAAP operating loss between $5.7-$4.7 million. For the full year FY2025, revenue is projected to be $204.5-$208.5 million with an ARR of $235.5-$240.5 million and a non-GAAP operating loss of $26.5-$21.5 million.

Couchbase announced the allocation of equity awards under its 2023 Inducement Equity Incentive Plan to new employees on May 29, 2024. This includes RSU Awards for 12 non-executive employees, representing the right to receive up to 21,841 shares of Couchbase common stock. The vesting schedule involves 50% of the shares vesting after one year, with subsequent vesting of 12.5% per quarter, contingent on continued employment. These inducement grants were approved by Couchbase's Compensation Committee in compliance with Nasdaq Rule 5635(c)(4).

Couchbase (NASDAQ: BASE), a cloud database platform company, announced they will report their financial results for Q1 Fiscal 2025 on June 5, 2024, after market close.

A conference call and webcast will be held at 1:30 p.m. PT (4:30 p.m. ET) on the same day to discuss these results.

Investors can join the call by dialing 877-407-8029 (U.S.) or +1 201-689-8029 (international), and the webcast will be available on the investor relations page of Couchbase's website.

Couchbase, Inc. (NASDAQ: BASE) survey reveals a 27% increase in IT modernization spend in 2024, with enterprises investing heavily in AI and GenAI technologies. However, businesses are unprepared for GenAI's data demands, facing challenges with data management and legacy technology. Despite increased investment, legacy systems are hindering modernization efforts, resulting in wasted investments and project delays. Enterprises are targeting spending on AI tools and edge computing to enhance GenAI capabilities. Rushing into AI adoption without proper understanding is a major concern, leading to diverted spending from other areas. Organizations need to invest in infrastructure to support GenAI, improve productivity, and meet end-user demands. Adaptability and the right data management infrastructure are important for unlocking GenAI's potential.