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UnitedHealthcare has disabled comments on its social media profiles following a flood of complaints from disgruntled patients after the assassination of its CEO, Brian Thompson. Many users flooded the company's Instagram and Facebook pages with personal grievances, primarily related to denied insurance claims. The posts, which initially allowed users to express their condolences, became a platform for venting frustration over the insurer’s practices. CEO Assassinated Before Major Financial Announcement Thompson, 50, was shot and killed while traveling to New York City for an investor meeting. Days before he was about to reveal UnitedHealthcare's 2025 financial projection, which included anticipated sales of over $450 billion, he was assassinated on Wednesday. Although investigators discovered bullets at the crime site with the words "deny," "defend," and "depose," the cause for the murder is still unknown. The bullets' inscriptions have been compared to Jay M. Feinman's book 'Delay, Deny, Defend', which discusses the purported strategies employed by health insurance to evade paying claims. The language of the bullets raises the possibility of a connection between UnitedHealthcare's commercial activities and the killing. Social Media Backlash Grows UnitedHealthcare swiftly shared a message on social media expressing their sorrow at Thompson's passing in response to the public criticism. He was called a “highly respected colleague and friend” in the statement, which sparked swift criticism. The firm's practices were condemned in hundreds of comments, many of which accused the corporation of unfairly rejecting insurance claims, according to The Daily Mail's report. One Instagram user expressed their annoyance by posting about a coworker who, despite being a registered nurse with a cancer diagnosis, refused to have a PET scan. A former orthopedic specialist was cited as the "expert" in a different Facebook post that described how a husband's prescription for an asthma medication was denied. The corporation blocked commenting on its latest posts as the number of complaints increased. According to the Daily Mail, this action seemed to be an attempt to stop Thompson's reputation from being further damaged as comments kept coming in, many of which made fun of the company's statement. Mockery and Condemnation When people posted the CEO's obituary, which had become the subject of mockery, the response against UnitedHealthcare took a more sardonic tone. A few individuals referenced the company's contentious regulations in their critical remarks. One user said, "Maybe stop denying healthcare," while others referred to the circumstance as "karma" for the CEO's responsibility to supervise the business's claims procedures, The Daily Mail reported. Thompson’s Family Responds Thompson's family published a statement expressing their profound sadness at his passing. According to the family, Thompson was a dedicated father to two kids and a "incredibly loving, generous, talented man." Citing the emotional toll of the assassination, they asked for solitude while they coped with the devastating loss. After their divorce, a message requesting solitude was posted in Thompson's $1.1 million mansion, which was only a mile from his wife's $1.5 million home. Investigation Into the Assassination Continues Law enforcement is currently looking for Thompson's killer as part of the continuing investigation into his death. The suspect fled the scene on what police assume to be an e-bike, according to surveillance evidence. Later, authorities learned that the attacker had checked into a hostel in New York City using an ID. At the site of the shooting, investigators also discovered a water bottle with a smeared fingerprint on it. Despite the fingerprint's inconclusiveness, authorities are still investigating all leads. According to sources, the murder weapon may be a contemporary model of a rare World War II weapon. A phone that the suspect left behind is also being accessed by investigators. Law enforcement is yet to gain access to the phone. Get Latest News Live on Times Now along with Breaking News and Top Headlines from US News, World and around the world.

Mercer International vice president Eric Heine sells $167,612 in stockShare this Story : Pure Kitchen shuts doors on Rideau Street location Copy Link Email X Reddit Pinterest LinkedIn Tumblr Breadcrumb Trail Links Local Business News Local News Pure Kitchen shuts doors on Rideau Street location Owners say crime in the ByWard Market area was not a factor in closing. Get the latest from Lynn Saxberg straight to your inbox Sign Up Author of the article: Lynn Saxberg Published Dec 06, 2024 • 1 minute read Join the conversation You can save this article by registering for free here . Or sign-in if you have an account. Pure Kitchen on Rideau Street in Ottawa. Photo by JULIE OLIVER / Postmedia Article content The owners of Ottawa’s vegan-friendly Pure Kitchen restaurants have closed their two-year-old location at the corner of Rideau Street and the ByWard Market’s William Street. Article content We apologize, but this video has failed to load. Try refreshing your browser, or tap here to see other videos from our team . Pure Kitchen shuts doors on Rideau Street location Back to video Article content Co-owner David Leith said business at the downtown location never lived up to expectations, particularly during the summer patio season. “It just didn’t work out the way we planned in terms of sales and profitability,” Leith said. “Maybe our concept wasn’t as wide-reaching as one would think in the healthy food market.” Advertisement 2 Story continues below This advertisement has not loaded yet, but your article continues below. THIS CONTENT IS RESERVED FOR SUBSCRIBERS ONLY Subscribe now to read the latest news in your city and across Canada. Exclusive articles from Elizabeth Payne, David Pugliese, Andrew Duffy, Bruce Deachman and others. Plus, food reviews and event listings in the weekly newsletter, Ottawa, Out of Office. Unlimited online access to Ottawa Citizen and 15 news sites with one account. Ottawa Citizen ePaper, an electronic replica of the print edition to view on any device, share and comment on. Daily puzzles, including the New York Times Crossword. Support local journalism. SUBSCRIBE TO UNLOCK MORE ARTICLES Subscribe now to read the latest news in your city and across Canada. Exclusive articles from Elizabeth Payne, David Pugliese, Andrew Duffy, Bruce Deachman and others. Plus, food reviews and event listings in the weekly newsletter, Ottawa, Out of Office. Unlimited online access to Ottawa Citizen and 15 news sites with one account. Ottawa Citizen ePaper, an electronic replica of the print edition to view on any device, share and comment on. Daily puzzles, including the New York Times Crossword. Support local journalism. REGISTER / SIGN IN TO UNLOCK MORE ARTICLES Create an account or sign in to continue with your reading experience. Access articles from across Canada with one account. Share your thoughts and join the conversation in the comments. Enjoy additional articles per month. Get email updates from your favourite authors. THIS ARTICLE IS FREE TO READ REGISTER TO UNLOCK. Create an account or sign in to continue with your reading experience. Access articles from across Canada with one account Share your thoughts and join the conversation in the comments Enjoy additional articles per month Get email updates from your favourite authors Sign In or Create an Account Email Address Continue or View more offers If you are a Home delivery print subscriber, online access is included in your subscription. Activate your Online Access Now Article content He emphasized they’re not closing the restaurant because of crime in the ByWard Market area . While it was a problem when the eatery opened in 2022, Leith said things have improved this year. “In the last six months whoever has been in charge of that area has been doing a good job of keeping it cleaned up,” he said. Leith speculated that the Elgin and Rideau Street locations might have been too close together. “ It might have split our client base up a little bit,” he said. Dave Leith, co-owner of Ottawa’s Pure Kitchen chain, enjoys mocktails with colleague Megan Campbell in 2022. The Rideau Street location of Pure Kitchen closed this week. Photo by Tony Caldwell / Postmedia The first Pure Kitchen opened in Westboro in 2015 , with a menu that Ottawa Citizen restaurant critic Peter Hum said “ caters to vegans, vegetarians, organic-food advocates and gluten-avoiders.” The Elgin Street location opened in 2016, followed by one in Kanata in 2018. “We’re focusing on those now, and continuously upping our game,” Leith said. “We’re excited about the other locations.” There was also a location on Preston Street that closed about two years ago. The Rideau Street closure puts about a dozen employees out of work less than three weeks before Christmas. Some will be placed at other Pure Kitchen locations or at other colleagues’ establishments, Leith said. lsaxberg@postmedia.com Recommended from Editorial Nine of the best vegetarian and health-conscious restaurants in Ottawa Comfort food: Three Ottawa chefs take home-style cooking to the next level Article content Share this article in your social network Share this Story : Pure Kitchen shuts doors on Rideau Street location Copy Link Email X Reddit Pinterest LinkedIn Tumblr Comments You must be logged in to join the discussion or read more comments. Create an Account Sign in Join the Conversation Postmedia is committed to maintaining a lively but civil forum for discussion. Please keep comments relevant and respectful. Comments may take up to an hour to appear on the site. You will receive an email if there is a reply to your comment, an update to a thread you follow or if a user you follow comments. Visit our Community Guidelines for more information. Trending Brady Tkachuk to New York Rangers rumour is 'Total bulls--t' and 'garbage' Ottawa Senators Pure Kitchen shuts doors on Rideau Street location Local Business Ottawa's Trillium Line LRT to open Jan. 6 Local News Ottawa man and woman face drug charges after south-end traffic stop News Former Ottawa Senators star Dany Heatley says criticism hurt, turns jeers to cheers in return Ottawa Senators Read Next Latest National Stories Featured Local Savings

SANTA CLARA, Calif. , Dec. 3, 2024 /PRNewswire/ -- Couchbase, Inc. BASE , the developer data platform for critical applications in our AI world, today announced financial results for its third quarter ended October 31, 2024. "I'm pleased with the continued operational progress of the entire Couchbase team," said Matt Cain , Chair, President and CEO of Couchbase. "We delivered top- and bottom-line results that exceeded our outlook, and we achieved another significant milestone with Capella, which now represents 15.1% of our ARR and one third of our customer base. I remain highly confident in our outlook and ability to achieve our objectives in fiscal 2025." Third Quarter Fiscal 2025 Financial Highlights Revenue: Total revenue for the quarter was $51.6 million , an increase of 13% year-over-year. Subscription revenue for the quarter was $49.3 million , an increase of 12% year-over-year. Annual recurring revenue (ARR): Total ARR as of October 31, 2024 was $220.3 million , an increase of 17% year-over-year, or 16% on a constant currency basis. See the section titled "Key Business Metrics" below for details. Gross margin: Gross margin for the quarter was 87.3%, compared to 88.8% for the third quarter of fiscal 2024. Non-GAAP gross margin for the quarter was 88.2%, compared to 89.5% for the third quarter of fiscal 2024. See the section titled "Use of Non-GAAP Financial Measures" and the tables titled "Reconciliation of GAAP to Non-GAAP Results" below for details. Loss from operations: Loss from operations for the quarter was $19.2 million , compared to $17.5 million for the third quarter of fiscal 2024. Non-GAAP operating loss for the quarter was $3.5 million , compared to $5.0 million for the third quarter of fiscal 2024. Cash flow: Cash flow used in operating activities for the quarter was $16.9 million , compared to cash flow used in operating activities of $12.7 million in the third quarter of fiscal 2024. Capital expenditures were $0.6 million during the quarter, leading to negative free cash flow of $17.5 million , compared to negative free cash flow of $13.8 million in the third quarter of fiscal 2024. Remaining performance obligations (RPO): RPO as of October 31, 2024 was $211.3 million , an increase of 29% year-over-year. Recent Business Highlights Announced Capella AI Services to provide the critical capabilities and tools required for our customers to streamline the development of agentic AI applications. The new AI Services include model hosting, automated vectorization, unstructured data preprocessing and AI agent catalog services, allowing organizations to prototype, build, test and deploy AI agents while keeping models and data close together on one unified platform. Couchbase's innovation and newest features with AI Services are on display at AWS re:Invent this week. Continued to advance the Couchbase platform with three major releases: Capella Columnar which converges operational and real-time analytics; Mobile with vector search which makes it possible for businesses to offer similarity and hybrid search in their applications on mobile and at the edge; and Capella Free Tier, a workspace which empowers developers to work faster. Expanded Couchbase's AI partner ecosystem through new and recently introduced integrations with industry leaders including Amazon Bedrock, Azure OpenAI, Google Vertex AI, Haystack, LangChain, LlamaIndex, NVIDIA NIM/NeMo, Unstructured.io, Vectorize and others. These integrations help empower our customers to more easily develop enterprise-class, RAG-based solutions and meet their specific deployment needs. Recognized innovative Couchbase customer achievements through the 2024 Customer Impact Awards, demonstrating how leading companies are leveraging Couchbase's technology to transform their operations. For one of the award recipients – a leading software and technology company that powers the global travel industry serving a wide range of travel companies including airlines, hoteliers, travel agencies and other suppliers – Couchbase will enable a distributed, always-on transactional system. Couchbase handles hundreds of thousands of read transactions and more than 1,000 updates per second for this customer. Financial Outlook For the fourth quarter and full year of fiscal 2025, Couchbase expects: Q4 FY2025 Outlook FY2025 Outlook Total Revenue $52.7-53.5 million $207.2-208.0 million Total ARR $236.5-239.5 million $236.5-239.5 million Non-GAAP Operating Loss $5.7-4.7 million $20.0-19.0 million The guidance provided above is based on several assumptions that are subject to change and many of which are outside our control. If actual results vary from these assumptions, our expectations may change. There can be no assurance that we will achieve these results. Couchbase is not able, at this time, to provide GAAP targets for operating loss for the fourth quarter or full year of fiscal 2025 because of the difficulty of estimating certain items excluded from non-GAAP operating loss that cannot be reasonably predicted, such as charges related to stock-based compensation expense. The effect of these excluded items may be significant. Conference Call Information Couchbase will host a live webcast at 1:30 p.m. Pacific Time (or 4:30 p.m. Eastern Time ) on Tuesday, December 3, 2024, to discuss its financial results and business highlights. The conference call can be accessed by dialing 877-407-8029 from the United States , or +1 201-689-8029 from international locations. The live webcast and a webcast replay can be accessed from the investor relations page of Couchbase's website at investors.couchbase.com . About Couchbase As industries race to embrace AI, traditional database solutions fall short of rising demands for versatility, performance and affordability. Couchbase is seizing the opportunity to lead with Capella, the developer data platform for critical applications in our AI world. By uniting transactional, analytical, mobile and AI workloads into a seamless, fully-managed solution, Couchbase empowers developers and enterprises to build and scale applications with complete flexibility – delivering exceptional performance, scalability and cost-efficiency from cloud to edge and everything in between. Trusted by over 30% of the Fortune 100, Couchbase enables organizations to unlock innovation, accelerate AI transformation and redefine customer experiences wherever they happen. Discover why Couchbase is the foundation of critical everyday applications by visiting www.couchbase.com and following us on LinkedIn and X . Couchbase has used, and intends to continue using, its investor relations website and the corporate blog at blog.couchbase.com to disclose material non-public information and to comply with its disclosure obligations under Regulation FD. Accordingly, you should monitor our investor relations website and the corporate blog in addition to following our press releases, SEC filings and public conference calls and webcasts. Use of Non-GAAP Financial Measures In addition to our financial information presented in accordance with GAAP, we believe certain non-GAAP financial measures are useful to investors in evaluating our operating performance. We use certain non-GAAP financial measures, collectively, to evaluate our ongoing operations and for internal planning and forecasting purposes. We believe that non-GAAP financial measures, when taken together with the corresponding GAAP financial measures, may be helpful to investors because they provide consistency and comparability with past financial performance and meaningful supplemental information regarding our performance by excluding certain items that may not be indicative of our business, results of operations or outlook. Non-GAAP financial measures are presented for supplemental informational purposes only, have limitations as analytical tools and should not be considered in isolation or as a substitute for financial information presented in accordance with GAAP, and may be different from similarly-titled non-GAAP financial measures used by other companies. In addition, other companies, including companies in our industry, may calculate similarly-titled non-GAAP financial measures differently or may use other measures to evaluate their performance, all of which could reduce the usefulness of our non-GAAP financial measures as tools for comparison. Investors are encouraged to review the related GAAP financial measures and the reconciliation of these non-GAAP financial measures to their most directly comparable GAAP financial measures (provided in the financial statement tables included in this press release), and not to rely on any single financial measure to evaluate our business. Non-GAAP gross profit, non-GAAP gross margin, non-GAAP operating loss, non-GAAP operating margin, non-GAAP net loss and non-GAAP net loss per share: We define these non-GAAP financial measures as their respective GAAP measures, excluding expenses related to stock-based compensation expense, employer payroll taxes on employee stock transactions, restructuring charges and impairment of capitalized internal-use software. We use these non-GAAP financial measures in conjunction with GAAP measures to assess our performance, including in the preparation of our annual operating budget and quarterly forecasts, to evaluate the effectiveness of our business strategies and to communicate with our board of directors concerning our financial performance. For the fourth quarter of fiscal 2024, we excluded the impairment of capitalized internal-use software, a non-cash operating expense, from our non-GAAP results as it is not reflective of ongoing operating results. This impairment charge related to certain previously capitalized internal-use software that we determined would no longer be placed into service. Prior period non-GAAP financial measures have not been adjusted to reflect this change as we did not incur impairment of capitalized internal-use software in any prior period presented. Free cash flow: We define free cash flow as cash used in operating activities less additions to property and equipment, which includes capitalized internal-use software costs. We believe free cash flow is a useful indicator of liquidity that provides our management, board of directors and investors with information about our future ability to generate or use cash to enhance the strength of our balance sheet and further invest in our business and pursue potential strategic initiatives. Please see the reconciliation tables at the end of this press release for the reconciliation of GAAP and non-GAAP results. Key Business Metrics We review a number of operating and financial metrics, including ARR, to evaluate our business, measure our performance, identify trends affecting our business, formulate business plans and make strategic decisions. We define ARR as of a given date as the annualized recurring revenue that we would contractually receive from our customers in the month ending 12 months following such date. Based on historical experience with customers, we assume all contracts will be renewed at the same levels unless we receive notification of non-renewal and are no longer in negotiations prior to the measurement date. For Capella products, ARR in a customer's initial year is calculated as the greater of: (i) initial year contract revenue as described above or (ii) annualized prior 90 days of actual consumption; and ARR for subsequent years is calculated with method (ii). ARR excludes services revenue. Prior to fiscal 2025, ARR excluded on-demand revenue and, for Capella products in a customer's initial year, ARR was calculated solely on the basis of initial year contract revenue. The reason for these changes is to better reflect ARR where usage rates or timing of purchases may be uneven and to better align with how ARR is used to measure the performance of the business. ARR for prior periods has not been adjusted to reflect this change as it is not material to any period previously presented. ARR should be viewed independently of revenue, and does not represent our revenue under GAAP on an annualized basis, as it is an operating metric that can be impacted by contract start and end dates and renewal dates. ARR is not intended to be a replacement for forecasts of revenue. Although we seek to increase ARR as part of our strategy of targeting large enterprise customers, this metric may fluctuate from period to period based on our ability to acquire new customers, expand within our existing customers and consumption dynamics. We believe that ARR is an important indicator of the growth and performance of our business. We also attempt to represent the changes in the underlying business operations by eliminating fluctuations caused by changes in foreign currency exchange rates within the current period. We calculate constant currency growth rates by applying the applicable prior period exchange rates to current period results. Forward-Looking Statements This press release contains "forward-looking" statements within the meaning of the Private Securities Litigation Reform Act of 1995 that are based on management's beliefs and assumptions and on information currently available to management. Forward-looking statements include, but are not limited to, quotations of management, the section titled "Financial Outlook" above and statements about the expected client demand for and benefits of our offerings, the impact of our recently-released and planned products and services and our market position, strategies and potential market opportunities. Forward-looking statements generally relate to future events or our future financial or operating performance. Forward-looking statements include all statements that are not historical facts and, in some cases, can be identified by terms such as "anticipate," "expect," "intend," "plan," "believe," "continue," "could," "potential," "remain," "may," "might," "will," "would" or similar expressions and the negatives of those terms. However, not all forward-looking statements contain these identifying words. Forward-looking statements involve known and unknown risks, uncertainties and other factors, including factors beyond our control, which may cause our actual results, performance or achievements to be materially different from any future results, performance or achievements expressed or implied by the forward-looking statements. These risks include, but are not limited to: our history of net losses and ability to achieve or maintain profitability in the future; our ability to continue to grow on pace with historical rates; our ability to manage our growth effectively; intense competition and our ability to compete effectively; cost-effectively acquiring new customers or obtaining renewals, upgrades or expansions from our existing customers; the market for our products and services being highly competitive and evolving, and our future success depending on the growth and expansion of this market; our ability to innovate in response to changing customer needs, new technologies or other market requirements, including new capabilities, programs and partnerships and their impact on our customers and our business; our limited operating history, which makes it difficult to predict our future results of operations; the significant fluctuation of our future results of operations and ability to meet the expectations of analysts or investors; our significant reliance on revenue from subscriptions, which may decline and, the recognition of a significant portion of revenue from subscriptions over the term of the relevant subscription period, which means downturns or upturns in sales are not immediately reflected in full in our results of operations; and the impact of geopolitical and macroeconomic factors. Further information on risks that could cause actual results to differ materially from forecasted results are included in our filings with the Securities and Exchange Commission that we may file from time to time, including those more fully described in our Annual Report on Form 10-K for the fiscal year ended January 31, 2024 . Additional information will be made available in our Quarterly Report on Form 10-Q for the quarter ended October 31, 2024 that will be filed with the Securities and Exchange Commission, which should be read in conjunction with this press release and the financial results included herein. Any forward-looking statements contained in this press release are based on assumptions that we believe to be reasonable as of this date. Except as required by law, we assume no obligation to update these forward-looking statements, or to update the reasons if actual results differ materially from those anticipated in the forward-looking statements. Couchbase, Inc. Condensed Consolidated Statements of Operations (in thousands, except per share data) (unaudited) Three Months Ended October 31, Nine Months Ended October 31, 2024 2023 2024 2023 Revenue: License $ 4,343 $ 4,577 $ 16,444 $ 14,318 Support and other 44,955 39,420 131,185 109,175 Total subscription revenue 49,298 43,997 147,629 123,493 Services 2,330 1,816 6,915 6,455 Total revenue 51,628 45,813 154,544 129,948 Cost of revenue: Subscription (1) 4,866 3,549 13,278 11,067 Services (1) 1,690 1,562 5,423 5,875 Total cost of revenue 6,556 5,111 18,701 16,942 Gross profit 45,072 40,702 135,843 113,006 Operating expenses: Research and development (1) 17,486 15,903 52,703 47,578 Sales and marketing (1) 34,196 31,602 108,119 96,503 General and administrative (1) 12,624 10,739 37,843 30,823 Restructuring (1) — — — 46 Total operating expenses 64,306 58,244 198,665 174,950 Loss from operations (19,234) (17,542) (62,822) (61,944) Interest expense (17) — (46) (43) Other income, net 1,790 1,298 5,062 3,986 Loss before income taxes (17,461) (16,244) (57,806) (58,001) Provision for income taxes 691 11 1,236 780 Net loss $ (18,152) $ (16,255) $ (59,042) $ (58,781) Net loss per share, basic and diluted $ (0.35) $ (0.34) $ (1.16) $ (1.26) Weighted-average shares used in computing net loss per share, basic and diluted 51,831 47,586 50,821 46,724 (1) Includes stock-based compensation expense as follows: Three Months Ended October 31, Nine Months Ended October 31, 2024 2023 2024 2023 Cost of revenue—subscription $ 318 $ 130 $ 885 $ 559 Cost of revenue—services 104 119 354 413 Research and development 4,497 3,116 12,704 9,498 Sales and marketing 5,242 4,188 16,627 11,461 General and administrative 5,127 4,202 15,501 11,216 Restructuring — — — 1 Total stock-based compensation expense $ 15,288 $ 11,755 $ 46,071 $ 33,148 Couchbase, Inc. Condensed Consolidated Balance Sheets (in thousands) (unaudited) As of October 31, 2024 As of January 31, 2024 Assets Current assets Cash and cash equivalents $ 33,031 $ 41,351 Short-term investments 108,908 112,281 Accounts receivable, net 28,514 44,848 Deferred commissions 13,297 15,421 Prepaid expenses and other current assets 10,551 10,385 Total current assets 194,301 224,286 Property and equipment, net 7,000 5,327 Operating lease right-of-use assets 5,497 4,848 Deferred commissions, noncurrent 14,485 11,400 Other assets 1,176 1,891 Total assets $ 222,459 $ 247,752 Liabilities and Stockholders' Equity Current liabilities Accounts payable $ 4,724 $ 4,865 Accrued compensation and benefits 12,323 18,116 Other accrued expenses 3,981 4,581 Operating lease liabilities 2,150 3,208 Deferred revenue 67,996 81,736 Total current liabilities 91,174 112,506 Operating lease liabilities, noncurrent 3,678 2,078 Deferred revenue, noncurrent 829 2,747 Total liabilities 95,681 117,331 Stockholders' equity Preferred stock — — Common stock — — Additional paid-in capital 676,360 621,024 Accumulated other comprehensive income 119 56 Accumulated deficit (549,701) (490,659) Total stockholders' equity 126,778 130,421 Total liabilities and stockholders' equity $ 222,459 $ 247,752 Couchbase, Inc. Condensed Consolidated Statements of Cash Flows (in thousands) (unaudited) Three Months Ended October 31, Nine Months Ended October 31, 2024 2023 2024 2023 Cash flows from operating activities Net loss $ (18,152) $ (16,255) $ (59,042) $ (58,781) Adjustments to reconcile net loss to net cash used in operating activities Depreciation and amortization 757 399 1,520 2,034 Stock-based compensation, net of amounts capitalized 15,288 11,755 46,071 33,148 Amortization of deferred commissions 4,375 4,500 12,655 13,742 Non-cash lease expense 863 765 2,393 2,313 Foreign currency transaction losses (gains) (60) 484 231 649 Other (456) (804) (1,869) (2,580) Changes in operating assets and liabilities Accounts receivable 2,912 1,577 16,207 9,114 Deferred commissions (5,367) (4,746) (13,616) (13,892) Prepaid expenses and other assets (606) 955 (163) 837 Accounts payable (295) (10) (149) 1,735 Accrued compensation and benefits (1,799) (1,763) (5,790) (3,517) Other Accrued Expenses 632 (1,126) (475) (2,997) Operating lease liabilities (876) (838) (2,501) (2,561) Deferred revenue (14,111) (7,636) (15,658) 313 Net cash used in operating activities (16,895) (12,743) (20,186) (20,443) Cash flows from investing activities Purchases of short-term investments (37,809) (26,141) (75,614) (90,456) Maturities of short-term investments 23,000 41,854 81,144 111,974 Additions to property and equipment (583) (1,066) (2,645) (3,425) Net cash (used in) provided by investing activities (15,392) 14,647 2,885 18,093 Cash flows from financing activities Proceeds from exercise of stock options 1,115 2,703 5,251 7,353 Proceeds from issuance of common stock under ESPP 1,720 1,153 3,515 2,000 Net cash provided by financing activities 2,835 3,856 8,766 9,353 Effect of exchange rate changes on cash, cash equivalents and restricted cash (124) (290) (328) (542) Net (decrease) increase in cash, cash equivalents and restricted cash (29,576) 5,470 (8,863) 6,461 Cash, cash equivalents, and restricted cash at beginning of period 62,607 41,980 41,894 40,989 Cash, cash equivalents, and restricted cash at end of period $ 33,031 $ 47,450 $ 33,031 $ 47,450 Reconciliation of cash, cash equivalents, and restricted cash within the consolidated balance sheets to the amounts shown above: Cash and cash equivalents $ 33,031 $ 46,907 $ 33,031 $ 46,907 Restricted cash included in other assets — 543 — 543 Total cash, cash equivalents and restricted cash $ 33,031 $ 47,450 $ 33,031 $ 47,450 Couchbase, Inc. Reconciliation of GAAP to Non-GAAP Results (in thousands, except per share data) (unaudited) Three Months Ended October 31, Nine Months Ended October 31, 2024 2023 2024 2023 Reconciliation of GAAP gross profit to non-GAAP gross profit: Total revenue $ 51,628 $ 45,813 $ 154,544 $ 129,948 Gross profit $ 45,072 $ 40,702 $ 135,843 $ 113,006 Add: Stock-based compensation expense 422 249 1,239 972 Add: Employer taxes on employee stock transactions 22 55 120 86 Non-GAAP gross profit $ 45,516 $ 41,006 $ 137,202 $ 114,064 Gross margin 87.3 % 88.8 % 87.9 % 87.0 % Non-GAAP gross margin 88.2 % 89.5 % 88.8 % 87.8 % Three Months Ended October 31, Nine Months Ended October 31, 2024 2023 2024 2023 Reconciliation of GAAP operating expenses to non-GAAP operating expenses: GAAP research and development $ 17,486 $ 15,903 $ 52,703 $ 47,578 Less: Stock-based compensation expense (4,497) (3,116) (12,704) (9,498) Less: Employer taxes on employee stock transactions (106) (199) (585) (430) Non-GAAP research and development $ 12,883 $ 12,588 $ 39,414 $ 37,650 GAAP sales and marketing $ 34,196 $ 31,602 $ 108,119 $ 96,503 Less: Stock-based compensation expense (5,242) (4,188) (16,627) (11,461) Less: Employer taxes on employee stock transactions (275) (327) (1,378) (777) Non-GAAP sales and marketing $ 28,679 $ 27,087 $ 90,114 $ 84,265 GAAP general and administrative $ 12,624 $ 10,739 $ 37,843 $ 30,823 Less: Stock-based compensation expense (5,127) (4,202) (15,501) (11,216) Less: Employer taxes on employee stock transactions (64) (176) (391) (264) Non-GAAP general and administrative $ 7,433 $ 6,361 $ 21,951 $ 19,343 Three Months Ended October 31, Nine Months Ended October 31, 2024 2023 2024 2023 Reconciliation of GAAP operating loss to non-GAAP operating loss: Total revenue $ 51,628 $ 45,813 $ 154,544 $ 129,948 Loss from operations $ (19,234) $ (17,542) $ (62,822) $ (61,944) Add: Stock-based compensation expense 15,288 11,755 46,071 33,147 Add: Employer taxes on employee stock transactions 467 757 2,474 1,557 Add: Restructuring (2) — — — 46 Non-GAAP operating loss $ (3,479) $ (5,030) $ (14,277) $ (27,194) Operating margin (37) % (38) % (41) % (48) % Non-GAAP operating margin (7) % (11) % (9) % (21) % Three Months Ended October 31, Nine Months Ended October 31, 2024 2023 2024 2023 Reconciliation of GAAP net loss to non-GAAP net loss: Net loss $ (18,152) $ (16,255) $ (59,042) $ (58,781) Add: Stock-based compensation expense 15,288 11,755 46,071 33,147 Add: Employer taxes on employee stock transactions 467 757 2,474 1,557 Add: Restructuring (2) — — — 46 Non-GAAP net loss $ (2,397) $ (3,743) $ (10,497) $ (24,031) GAAP net loss per share $ (0.35) $ (0.34) $ (1.16) $ (1.26) Non-GAAP net loss per share $ (0.05) $ (0.08) $ (0.21) $ (0.51) Weighted average shares outstanding, basic and diluted 51,831 47,586 50,821 46,724 (2) For the nine months ended October 31, 2023, an immaterial amount of stock-based compensation expense related to restructuring charges was included in the restructuring expense line. The following table presents a reconciliation of free cash flow to net cash provided by (used in) operating activities, the most directly comparable GAAP measure, for each of the periods indicated (in thousands, unaudited): Three Months Ended October 31, Nine Months Ended October 31, 2024 2023 2024 2023 Net cash used in operating activities $ (16,895) $ (12,743) $ (20,186) $ (20,443) Less: Additions to property and equipment (583) (1,066) (2,645) (3,425) Free cash flow $ (17,478) $ (13,809) $ (22,831) $ (23,868) Net cash (used in) provided by investing activities $ (15,392) $ 14,647 $ 2,885 $ 18,093 Net cash provided by financing activities $ 2,835 $ 3,856 $ 8,766 $ 9,353 Couchbase, Inc. Key Business Metrics (in millions) (unaudited) As of Jan. 31, April 30, July 31, Oct. 31, Jan. 31, April 30, July 31, Oct. 31, 2023 2023 2023 2023 2024 2024 2024 2024 Annual Recurring Revenue $ 163.7 $ 172.2 $ 180.7 $ 188.7 $ 204.2 $ 207.7 $ 214.0 $ 220.3 View original content to download multimedia: https://www.prnewswire.com/news-releases/couchbase-announces-third-quarter-fiscal-2025-financial-results-302321531.html SOURCE Couchbase, Inc. © 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.

WASHINGTON — After leading the second impeachment trial of former President Donald Trump and then serving as a member of the select Jan. 6 committee, Rep. Jamie Raskin (D-MD) is readying for a new role come January: Democrat’s lead constitutional watchdog in Congress. This week, after relinquishing his party’s top slot on the House Oversight Committee, Raskin looks to have secured the ranking member position on his chamber’s all-important Judiciary Committee. The committee jockeying doesn’t mean he thinks there won’t be any action in Oversight under the incoming Trump administration. “Oh, I think it's going to be all over the place,” Raskin told Raw Story at the Capitol Friday. “It's like they tell the little kids in soccer, ‘don't bunch, spread out’ — we need people everywhere, you know, defending constitutional institutions and principles.” After Trump shocked the Democrats by winning the popular vote in November, they are reassessing some of their party’s lesser-known leaders on Capitol Hill. On Monday, Raskin infuriated 17-term Rep. Jerry Nadler (D-NY) by challenging him for the top slot on the Judiciary Committee, but by Wednesday, Nadler bowed out of the contest because his support withered on the proverbial vine. That leaves a clear lane for the four-term Marylander to secure the blessing of Democratic leaders when they meet on Tuesday to officially decide the face of their party in some of Congress’ hottest committees. As a constitutional lawyer by trade, Raskin says his skills will be more beneficial to his party atop the sometimes arcane legal committee on Capitol Hill. “The assault on the federal workforce and the professional civil service are likely to be headquartered in Oversight, but the attack on the Justice Department, the FBI and the rule of law are going to be centered in the Judiciary Committee,” Raskin said. After Trump and the GOP expanded their electoral appeal in November, Raskin says he hopes to start a new conversation with the American people — the one his party failed to make stick this election year — when the new administration takes over Washington in the new year. “The problem is that I've not heard of any agenda other than instrumentalizing the Department of Justice and the FBI for purposes of political retaliation and revenge. You know, that's not generally advanced as a proper principle for the U.S. government,” Raskin said. “It’s a sign of how far the discourse has shifted that this has become normalized.” Democrats already successfully sidelined Trump’s initial attorney general nominee, former Rep. Matt Gaetz (R-FL), but the new AG nominee — former Trump defense attorney and Florida attorney general Pam Bondi — has Democrats worried as well. And Trump’s pick to lead the FBI, Kash Patel, is the pick that has Democratic lawyers like Raskin really freaking out. “Does Kash Patel — a name we didn’t even know months ago — like, does he worry you particularly?” Raw Story inquired. “He's somebody who embodies the ethos of using the government as a partisan and political instrument for the will of the president,” Raskin said. “Again, that's a massive departure from decades of understanding that the president does not get involved in particular cases, and we have to try to uphold that traditional understanding as much as we can.” “Doesn’t it almost feel like they're becoming the rhetoric they decried?” Raw Story pressed. “Like, they’ve become the lawfare party?” “Bingo,” Raskin replied. “They have been attacking the Department of Justice for ‘lawfare’ and for partisan weaponization as preparation for implementing their own plans to do precisely that. They want to make it seem as if it's somehow normal and bipartisan — it's not. “You really can't find an example of any president — with the potential exception of Richard Nixon — who directed the Department of Justice to engage in criminal investigations and prosecutions targeting his political foes.” With Raskin readying to take over as the top Democrat on the Judiciary Committee, his current vice-ranking member on the House Oversight Committee, Rep. Alexandria Ocasio-Cortez (D-NY), jumped in the race to replace Raskin as their party’s top Democrat on that high-profile committee. It’s a part of what many Democrats hope is a makeover after the party was trounced this cycle. While ‘inside baseball,’ two other senior Democrats — 11-term Reps. Raul Grijalva (D-AZ) and David Scott (D-GA) — are also being challenged for their party’s top slots atop, respectively, the Natural Resources and Agriculture Committees. Younger congressional Democrats see these shake-ups as essential for the party’s vitality moving forward. As for his plan to play defensive offensive in January, Raskin tells Raw Story he hopes to confront the ‘deep state’ myth that’s metastasized in today’s GOP. “I hope that we're going to be advancing a strong vision of what it means to live in a free and democratic society,” Raskin told Raw Story. “That means playing defense against authoritarian maneuvers and violations of people's rights.”Large Power Station On Wheels Has Many Uses

Mediterranean and Black Sea countries align on shared vision for sustainable aquaculture in the Mediterranean and the Black Sea