Couchbase, Inc. Reports Net Loss of $20.7 Million for Q2 2023
Revenue Increases to $43.1 Million Despite Challenging Quarter
By USInMinutes
Published - Sep 07, 2023, 09:14 AM ET
Last Updated - Sep 07, 2023, 09:14 AM EDT
Couchbase, Inc.(BASE), a leading database software provider, has released its financial results for the second quarter of 2023. The company reported a net loss of $20.7 million, a significant decrease compared to the same period last year. However, revenue for the quarter reached $43.1 million, demonstrating resilience despite a challenging business environment.
Net Income/Loss
Couchbase, Inc. faced a net loss of $20.7 million for the three months ending July 31, 2023. This represents a substantial increase in losses compared to the same period in 2022 when the company reported a net loss of $15.4 million.
