04:55 PM EST, 12/03/2024 (MT Newswires) -- Couchbase ( BASE ) reported a fiscal Q3 non-GAAP loss late Tuesday of $0.05 per share, narrower than a loss of $0.08 a year earlier.

Analysts polled by FactSet expected a loss of $0.08.

Revenue for the quarter ended Oct. 31 was $51.6 million, up from $45.8 million a year earlier.

Analysts surveyed by FactSet expected $50.8 million.

The company said it expects fiscal Q4 revenue of $52.7 million to $53.5 million. Analysts polled by FactSet expect $54 million. The company also expects a non-GAAP operating loss for the quarter of $4.7 million to $5.7 million.

Couchbase ( BASE ) said it now expects fiscal 2025 revenue of $207.2 million to $208 million, versus its prior outlook of $205.1 million to $209.1 million. Analysts polled by FactSet expect $207.6 million. The company expects a non-GAAP operating loss for the year of $19 million to $20 million, versus an expected loss of $19.5 million to $24.5 million previously.

Shares of Couchbase ( BASE ) were down more than 12% in recent after-hours activity.

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