The stock of Couchbase Inc (BASE) closed the recent trading session at $18.56, gaining 6.3% from the previous day’s trading session. On the last check, the stock lost 13.25% to $16.1 in the after-market. On 9 March 2022, Couchbase Inc (BASE) released the fiscal performance for Q4 and FY2022. The company also presented the financial guidance for FY23. BASE also filed form 8-K with the SEC.
BASE Financials for Q4
Couchbase published the fiscal performance for Q4 of FY22, which concluded on 31 January 2022. The company reported the total sales to be $35.06 million in Q4 of FY2022 compared to $29.4 million in the same period last year. This marks an increase of 19.1%. Moreover, BASE’s profit expanded by 17.6% in Q4 of FY22 to $30.9 million versus $26.3 million in a similar period of the previous year. Also, Couchbase incurred a total loss of $13.2 million against $9.6 million in Q4 of FY21. The total loss saw a growth of 37.2%. Besides, the firm had a loss of $0.30 per stock in Q4 of FY22 versus the loss of $1.90 per stock in Q4 of FY20.
BASE Financials for FY2021
BASE also declared the financial performance for FY2022. The company announced the total sales of $123.5 million in FY22 as compared to $103.2 million in FY21. This marks a build-up of 19.6%. Besides, BASE’s profit extended by 18.6% in FY22 to $108.7 million against $91.6 million in the previous year. Apart from that, Couchbase suffered a total loss of $58.2 million in FY22 in comparison to the $39.9 million in FY21. The total loss was increased by 45.6%. In addition, the company announced a loss of $2.37 per stock in FY22 against the loss of $7.71 per stock in FY21.
Fiscal guidance for FY23
BASE expects the total sales to be between $32.5 million and $32.7 million in Q1 of FY23. Also, the firm evaluates the total sales for FY23 to be in the middle of $146.5 million and $147.5 million.
