Couchbase, Inc. Reports Earnings Results for the Fourth Quarter and Full Year Ended January 31, 2024
March 05, 2024 at 04:05 pm EST
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Couchbase, Inc. reported earnings results for the fourth quarter and full year ended January 31, 2024. For the fourth quarter, the company reported revenue was USD 50.09 million compared to USD 41.62 million a year ago. Net loss was USD 21.4 million compared to USD 16.61 million a year ago. Basic loss per share from continuing operations was USD 0.44 compared to USD 0.37 a year ago.
For the full year, revenue was USD 180.04 million compared to USD 154.82 million a year ago. Net loss was USD 80.18 million compared to USD 68.49 million a year ago. Basic loss per share from continuing operations was USD 1.7 compared to USD 1.53 a year ago.
Couchbase, Inc. provides a cloud database platform for modern applications. The Company provides a modern database for enterprise applications. Its database is engineered for high performance at scale to serve the needs of mission-critical applications that enterprises run their businesses on. Its products include Couchbase Capella, Couchbase Server and Couchbase Mobile. Its Couchbase Capella is a fully managed, automated, and secure database-as-a-service that simplifies database management by deploying, managing, and operating Couchbase Server across cloud environments. Its Couchbase Server is a full-featured, multi-service NoSQL database. It provides a comprehensive SQL-compatible query language, SQL++, that allows for a range of data manipulation functions. Its Couchbase Server can be deployed on-premises or on any cloud. Its Couchbase Mobile is a full-featured embedded NoSQL database for mobile and edge devices that enables an always-on experience with high data availability.