06:13 AM EST, 03/06/2024 (MT Newswires) -- (Updates with the stock move in the headline and first paragraph.)

Couchbase ( BASE ) shares jumped nearly 9% in premarket activity on Wednesday after the company reported better-than-expected Q4 results and guided Q1 revenue above market forecast.

The company reported late Tuesday a Q4 non-GAAP net loss of $0.06 per diluted share, compared with a $0.18 loss a year earlier.

Analysts polled by Capital IQ expected a loss of $0.14.

Total revenue for the quarter ended Jan. 31 was $50.1 million, up from $41.6 million a year earlier.

Analysts surveyed by Capital IQ expected $46.6 million.

For Q1, the database company is projecting revenue in the range of $48.1 million to $48.9 million. It also sees fiscal 2025 revenue of $203 million to $207 million. Analysts polled by Capital IQ are looking for $46.9 million and $204.1 million, respectively.

Price: 29.3, Change: +2.4, Percent Change: +8.92