Couchbase, Inc. Stock Price, News & Analysis

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.

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