Couchbase Inc. is a software technology company that specializes in delivering a modern database platform designed for business-critical applications. Its core product is a NoSQL database that combines the flexibility of document-oriented storage with the scaling capabilities required for high-performance environments. The company's solutions enable organizations to efficiently manage and analyze vast amounts of data in real-time, supporting use cases in various sectors such as finance, healthcare, and e-commerce. By providing tools for seamless integration, sophisticated data management, and enhanced analytics, Couchbase empowers businesses to innovate and enhance their customer experiences through data-driven insights.
Shares of database as a service company Couchbase (NASDAQ: BASE)
fell 23% in the morning session after the company reported weak third-quarter results and provided revenue guidance for the next quarter, which missed significantly - this matters much more as markets are forward-looking. The company provided conservative guidance due to macroeconomic challenges, limiting insights into upsell, migration timelines, and consumption trends.
On the other hand, revenue and earnings came in ahead of expectations during the quarter. Overall, this was a challenging quarter.
Database as a service company Couchbase (NASDAQ: BASE) reported revenue ahead of Wall Street’s expectations in Q3 CY2024, with sales up 12.7% year on year to $51.63 million. On the other hand, next quarter’s revenue guidance of $52.75 million was less impressive, coming in 2.3% below analysts’ estimates. Its non-GAAP loss of $0.05 per share was 37.9% above analysts’ consensus estimates.
Despite a potential dip in ARR growth to 16% due to macro headwinds, analysts expect a rebound to over 20% next year, with gross margins steady at 86-90%.
