Why Couchbase Stock Crashed On Thursday
Shares of Couchbase (NASDAQ: BASE) plunged as much as 27.7% on Thursday, hamstrung by the database software expert's first earnings report as a public company.
Couchbase's sales for the second quarter of fiscal year 2022 rose 18% year over year, landing at $29.7 million. And $28 million of that revenue was in the form of renewable subscription fees. The bottom line showed an adjusted net loss of $13.9 million, or $1.54 per diluted share. Your average analyst had expected a net loss of $1.23 per share on sales near $28.2 million.
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Source Fool.com
