Couchbase, Inc. (BASE) revealed Loss for first quarter that decreased from last year but beat the Street estimates.
The company's earnings totaled -$21.0 million, or -$0.42 per share. This compares with -$21.9 million, or -$0.48 per share, in last year's first quarter.
Excluding items, Couchbase, Inc. reported adjusted earnings of -$0.10 per share for the period.
Analysts on average had expected the company to earn -$0.15 per share, according to figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.
The company's revenue for the quarter rose 25.1% to $51.3 million from $41.0 million last year.
Couchbase, Inc. earnings at a glance (GAAP) :
-Earnings (Q1): -$21.0 Mln. vs. -$21.9 Mln. last year.
-EPS (Q1): -$0.42 vs. -$0.48 last year.
-Revenue (Q1): $51.3 Mln vs. $41.0 Mln last year.
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