Couchbase Inc (NASDAQ:BASE) shares dropped more than 17% after-hours following the company’s reported Q1 earnings. While EPS of ($0.27) and revenue of $41 million (up 18% year-over-year) came in above the consensus estimates of ($0.32) and $39.77M, respectively, guidance missed the expectations.
Subscription revenue grew 21% year-over-year to $38.5M in Q1. Total ARR as of April 30, 2023, was $172.2M, representing an increase of 23% year-over-year.
For Q2/24, the company expects revenue in the range of $41.2-41.8M, missing the consensus estimate of $43.34M.
For the full year, the company expects revenue in the range of $171.7-174.7M, compared to the consensus of $173.3M.