Couchbase, Inc. - BASE STOCK NEWS

Couchbase, Inc. (NASDAQ: BASE) announced that Quantic, a cloud-based POS platform, has selected its Capella database-as-a-service to manage and scale workloads efficiently. Quantic faced challenges with its previous database, which led to downtime and hindered innovation. CEO Vigyan Kaushik emphasized Capella's scalability and performance, allowing their development team to enhance productivity. Capella's features, including offline syncing, empower Quantic to deliver better real-time services to customers across various industries without hidden fees. This partnership positions Quantic for future growth and improved customer experiences.

Couchbase (NASDAQ: BASE) announced that Lotum, a mobile gaming provider, has adopted Couchbase Capella Database-as-a-Service for its game 4 Pics 1 Word. This partnership aims to enhance user experience by ensuring seamless gameplay across devices, even with fluctuating network connectivity. Lotum reported 800 million downloads, emphasizing the necessity for a robust database to handle millions of users while maintaining performance. Capella provides offline capabilities, ensuring uninterrupted gaming. The mobile gaming market generated $41.2 billion in the first half of 2022, highlighting the importance of responsive gaming experiences. The announcement was made at the Game Developers Conference in San Francisco on March 20, 2023.

Couchbase, Inc. (NASDAQ: BASE) reported Q4 fiscal 2023 results, showing 19% revenue growth year-over-year at $41.6 million, with a 16% increase in subscription revenue. Total ARR reached $163.7 million, up 23% year-over-year. However, the company experienced a loss from operations of $18.5 million, widening from $12.7 million in Q4 2022. For FY2023, total revenue was $154.8 million, a 25% increase, but operating losses also increased to $69.3 million. Looking ahead, Couchbase projects Q1 FY2024 revenue between $39.5-40.1 million and full-year revenue of $171.7-174.7 million.

Couchbase, Inc. (NASDAQ: BASE) announced on March 3, 2023, the granting of equity awards under its 2023 Inducement Equity Incentive Plan to 36 new non-executive employees. A total of 169,785 shares will be awarded through service-based restricted stock units (RSUs). Specifically, 6 employees will receive RSUs for up to 24,543 shares, while 30 employees will receive RSUs for up to 145,242 shares. The vesting schedule varies, with partial vesting contingent on continued employment. This initiative is part of Couchbase's strategy to attract talent and was approved by the Compensation Committee in accordance with Nasdaq regulations.

Couchbase, Inc. (NASDAQ: BASE) announced an expanded ISV Partner Program aimed at assisting Independent Software Vendors (ISVs) in modernizing applications. The program includes a new Success Package that provides enhanced training, certifications, and resources for ISVs to build and monetize applications efficiently. Key features of the Couchbase Capella platform include faster release cycles, reduced data duplication, and high availability with automated management. The initiative allows ISVs to leverage Couchbase's capabilities, thereby improving revenue and market differentiation.

Couchbase, a leading cloud database platform company trading under the symbol BASE, will participate in significant upcoming investor conferences. The Chair and CEO, Matt Cain, along with CFO Greg Henry, will present at the Morgan Stanley Global Technology, Media, and Telecom Conference in San Francisco on March 9, 2023, at 1:05 p.m. PT. Additionally, Greg Henry will join the virtual 7th Annual William Blair Tech Innovators Conference on March 14, 2023. A live webcast of the events will be available on Couchbase's investor relations website.

Couchbase, Inc. (NASDAQ: BASE) announced it will report financial results for Q4 and the full fiscal year ended January 31, 2023, on March 7, 2023, after market close. A conference call and webcast will follow at 2:00 p.m. PT (5:00 p.m. ET) to discuss the results. Couchbase provides a cloud database platform, Capella, enabling organizations to build applications that enhance customer experiences. Trusted by over 30% of the Fortune 100, Couchbase aims to simplify modern application development across various environments.

Couchbase, Inc. (NASDAQ: BASE) announced the appointment of Fidelma Butler as chief people officer, effective February 6, 2023. Butler joins from Zendesk, where she led organizational development and talent acquisition. Bringing extensive experience in scaling SaaS teams, she will oversee a global team responsible for employee experience, total rewards, and talent strategy. CEO Matt Cain praised her leadership, highlighting the importance of a strong corporate culture. Butler expressed her commitment to supporting Couchbase's mission in a transformative database market, enhancing its inclusive culture and talent development.