Couchbase Stock Performance Soars Amid Positive Earnings and Growth Projections

Convincing beats on the top and bottom lines for the fourth quarter

The company delivered solid growth numbers in its latest earnings report and predicted that more is on the way. Cloud database specialist Couchbase (NASDAQ: BASE) enjoyed a nice jump in share price on Wednesday following the release of its latest set of quarterly and annual financial results for fiscal 2024. Investors rewarded the company for its better-than-expected quarter by pushing the stock's price up by 4%. That was a far higher rise than the 0.5% advance of the S&P 500 index.

Both headline figures well exceeded the average analyst estimate

In said quarter, Couchbase took in revenue of slightly over $50 million. That was 20% higher than in the same period of 2022 and almost entirely comprised of subscription revenue. On the bottom line, the company narrowed its non-GAAP (adjusted) net loss considerably. This amounted to a bit more than $2.9 million ($0.06 per share), against the more than $8 million deficit in the year-ago quarter.

• Annual recurring revenue (ARR) rose by a sturdy 25% in 2024, compared to the previous year.

The growth train should continue to roll on

Couchbase also provided guidance for its current (first) quarter and the entirety of fiscal 2025. For the latter period, it's modeling $203 million to $207 million in revenue. If achieved, that would be a double-digit improvement over fiscal 2024's $180 million. Couchbase believes this will land at $235.5 million to $240.5 million, against this past fiscal year's $204.2 million.