Couchbase, Inc. (NASDAQ: BASE) shares gained nearly 3% on Wednesday (up more than 4% after-hours) after the company reported its Q4 results, with EPS of ($0.18) beating the Street estimate of ($0.34). Revenue increased 19% year-over-year to $41.6 million, above the Street estimate of $38.25 million. Subscription revenue grew 16% year-over-year to $38.1 million.

Management anticipates Q1/24 revenue to be in the range of $39.5-40.1 million, compared to the Street estimate of $40.63 million. Total ARR is expected to be in the range of $169.2-172.2 million.

For the full 2024 year, the company sees revenue at $171.7-174.7 million, compared to the Street estimate of $176.59 million. Total ARR is expected to be in the range of $190.0-194.0 million.

Full-year guidance reflects increased uncertainty around the macro and includes an elevated degree of conservatism around pipeline conversion, new logos, retention, expansion rates, deal sizes and sales productivity.