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As Japan's economy continues to show signs of recovery, attention is now turning to the possibility of a shift in monetary policy. The Bank of Japan (BOJ) has maintained its ultra-loose monetary stance for years, with interest rates at historic lows and a massive asset-purchase program in place to support the economy. However, the improving economic outlook and rising inflation expectations have raised concerns about the sustainability of such accommodative policies.
Neuer gets sent off for 1st time and Bayern Munich exits German Cup early againGlentoran boss Declan Devine: We put our bodies on the line for Big Two victoryLooking ahead, Trump's focus will undoubtedly be on maintaining his position at the top of the rankings and adding to his already impressive list of titles. With his unwavering determination and competitive spirit, there is no doubt that he will continue to be a dominant force in the world of snooker for years to come.
As defending champions, Juventus will be eager to prove that they are still the team to beat in Europe. With Cristiano Ronaldo leading their attack, the Bianconeri will look to impose their dominance and secure a crucial advantage in the first leg of the tie. However, Manchester City will not be easy opponents, as they possess the quality and depth to challenge even the best teams in the world.The acquittal of the veteran has reignited conversations about the deep-rooted racism that continues to plague American society, particularly in the realm of law enforcement and judicial proceedings. It serves as a stark reminder that the struggle for racial equality and justice is far from over, and that systemic change is urgently needed to ensure that all individuals are treated fairly and equitably under the law.Judge weighs whether to order Fani Willis to comply with lawmakers' subpoenas over Trump case
Aaron Judge wins second AL MVP in 3 seasons. Shohei Ohtani expected to win NL honorIn a significant development in the political landscape of the country, the Special Prosecutor's Law has been passed amid a deepening internal turmoil within the government. The target of the investigation is none other than Prime Minister Yoon Hee-yul himself, along with 11 other high-ranking officials who have been called upon to cooperate with the ongoing probes.
In the end, what could have escalated into a major confrontation was resolved peacefully through communication and understanding. The young family showed maturity and grace in handling the situation, while the sedan driver learned a valuable lesson about taking responsibility for his actions. It was a reminder to all drivers that accidents happen, but how we choose to deal with them can make all the difference.SANTA CLARA, Calif. , Dec. 3, 2024 /PRNewswire/ -- Couchbase, Inc. (NASDAQ: 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: 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. 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): SOURCE Couchbase, Inc.
RALEIGH, N.C. (AP) — The very close election for a North Carolina Supreme Court seat heads next to a hand recount even as election officials announced a machine recount of over 5.5 million ballots resulted in no margin change between the candidates. The statewide machine recount — in which ballots were run again through tabulators — that wrapped up this week showed Democratic Associate Justice Allison Riggs with a 734-vote lead over Republican challenger Jefferson Griffin, who is a Court of Appeals judge. Most county election boards reported minor vote changes from the machine recount requested by Griffin. But State Board of Elections data showed the post-recount lead exactly the same as what Riggs held after all 100 counties fully completed their ballot canvass in November. Griffin led Riggs by about 10,000 votes on election night, but that lead dwindled and flipped to Riggs as tens of thousands of qualifying provisional and absentee ballots were added to the totals through the canvass. Griffin, who already has pending election protests challenging the validity of more than 60,000 ballots counted statewide, has asked for a partial hand-to-eye recount, which county boards will start Wednesday or Thursday. The partial hand recount applies to ballots in 3% of the voting sites in all 100 counties, chosen at random Tuesday by the state board. Once the partial recount is complete, a statewide hand recount would be ordered if the sample results differ enough from the machine recount that the result would be reversed if the difference were extrapolated to all ballots. Riggs, who was appointed to the Supreme Court in 2023 and now seeks an eight-year term, again claimed victory Tuesday. In a campaign news release, spokesperson Embry Owen said Griffin “needs to immediately concede – losing candidates must respect the will of voters and not needlessly waste state resources.” Riggs is one of two Democrats on the seven-member court. Through attorneys, Griffin has challenged ballots that he says may not qualify for several reasons and cast doubt on the election result. Among them: voter registration records of some voters casting ballots lack driver's license or partial Social Security numbers, and overseas voters never living in North Carolina may run afoul of state residency requirements. State and county boards are considering the protests. Griffin's attorneys on Monday asked the state board to accelerate the matters before it and make a final ruling early next week. "Our priority remains ensuring that every legal vote is counted and that the public can trust the integrity of this election,” state Republican Party spokesperson Matt Mercer said in a news release. Final rulings by the state board can be appealed to state court. Joining Griffin in protests are three Republican legislative candidates who still trailed narrowly in their respective races after the machine recounts. The Supreme Court race and two of these three legislative races have not been called by The Associated Press. The key pending legislative race is for a House seat covering Granville County and parts of Vance County. Republican Rep. Frank Sossamon trails Democratic challenger Bryan Cohn by 228 votes, down from 233 votes before the recount. Sossamon also asked for a partial hard recount in his race, which was to begin Tuesday. Should Cohn win, Republicans will fall one seat short of the 72 needed in the 120-member House to retain its veto-proof majority — giving more leverage to Democratic Gov.-elect Josh Stein in 2025. Senate Republicans already have won 30 of the 50 seats needed to retain its supermajority in their chamber. The AP on Tuesday did call another legislative race not subject to a protest, as Mecklenburg County GOP Rep. Tricia Cotham won her reelection bid over Democrat Nicole Sidman. A machine recount showed Cotham ahead of Sidman by 213 votes, compared to 216 after the county canvass. Cotham’s switch from the Democrats to the Republicans in April 2023 secured the Republicans' 72-seat veto-proof majority so that Democratic Gov. Roy Cooper’s vetoes could be overridden by relying solely on GOP lawmakers. Gary D. Robertson, The Associated PressIn a significant development in the political landscape of the country, the Special Prosecutor's Law has been passed amid a deepening internal turmoil within the government. The target of the investigation is none other than Prime Minister Yoon Hee-yul himself, along with 11 other high-ranking officials who have been called upon to cooperate with the ongoing probes.
Attempts on to tarnish image of students: NahidDirector Zhang Jizhong's Company Ordered to Pay 5 Million RMB, Ex-Wife Applies for Compulsory Execution
Russia plans to fire more hypersonic missiles at Ukraine, Putin says By MIRIAM KUEPPER Published: 14:30 EST, 22 November 2024 | Updated: 14:31 EST, 22 November 2024 e-mail Advertisement Russia’s President Vladimir Putin has announced plans for increased deployment of the new hypersonic missile system targeting Ukraine. Speaking during a televised meeting with military chiefs, he described the decision as part of a broader strategy to bolster national defense. “We will continue these tests, including in combat conditions, depending on the situation and character of the security threats posted to Russia,” he declared, marking a major escalation in the ongoing conflict. The hypersonic Oreshnik missile, capable of reaching speeds of Mach 10, represents a significant leap in military technology. Putin praised the weapon, stating, “The decision to begin serial production has, in effect, been taken.” These missiles, equipped with conventional warheads, can cause destruction comparable to nuclear weapons when deployed in large numbers. Russia carried out its first deployment of the missile during an attack on Dnipro. The strike, described as a “direct response” to Ukrainian forces’ use of Western-supplied weapons on Russian territory, underscores the Kremlin’s readiness to retaliate against perceived threats. Dmitry Peskov, Kremlin spokesperson, reinforced this stance, accusing the West of “reckless decisions” in arming Ukraine. Putin’s statement underscored the technological edge Russia claims to have in hypersonic weaponry. While acknowledging that other nations may develop similar systems within a few years, he emphasized, “We have this system now. That’s important.” This advancement, according to Putin, guarantees Russia’s sovereignty and territorial integrity. The decision to produce the missile on a mass scale coincides with NATO's heightened involvement. NATO and Ukraine are set to hold emergency talks following the strike, reflecting concerns about the weapon’s implications for the nearly three-year-long conflict. Poland’s Prime Minister Donald Tusk described the situation as taking on “very dramatic dimensions” in its decisive phase. Ukraine has responded to the intensified threat by seeking updated air defense systems from Western allies. President Volodymyr Zelensky stated, “Ukraine’s defense minister is already holding meetings with our partners on new air defense systems.” The request highlights the urgency of countering Russia’s technological advancements in weaponry. General Sergei Karakayev, head of Russia's Strategic Missile Forces, echoed Putin’s claims about the Oreshnik missile’s devastating potential. He emphasized that its conventional strikes are “comparable in effect to the use of nuclear weapons.” This chilling assertion has alarmed international observers, who see the deployment as a step closer to full-scale escalation. In parallel, Hungarian Prime Minister Viktor Orbán voiced concerns over U.S. involvement, citing the advanced technology required for guiding weapons supplied to Ukraine. He warned against underestimating Russia’s retaliatory capability, stating, “It’s not a trick—there will be consequences.” Amidst these developments, Ukraine’s parliament has ramped up security measures, canceling sessions following the Dnipro attack. The strike has sparked fears of an escalation in the conflict, with both sides preparing for potentially decisive phases in the war. Want more stories like this from the Daily Mail? Visit our profile page and hit the follow button above for more of the news you need. Moscow Vladimir Putin Ukraine Russia Share or comment on this article: Russia plans to fire more hypersonic missiles at Ukraine, Putin says e-mail
As a result of the substantial financial burden caused by the high premiums and overlapping coverage of the insurance policies, the family is now facing a financial crisis. The retirement savings that were intended to sustain the individual and their family in their later years are being rapidly depleted to keep up with the escalating insurance costs.
As the gaming world eagerly awaits the release of these new skins, speculation runs rampant regarding their impact on gameplay and strategy. Will Sun Ce be able to reclaim his former glory with a fresh new look? Can The Guardian live up to the hype and usher in a new era of dominance on the battlefield? Only time will tell as players gear up to experience these new additions firsthand.
With the recent news of former President Donald Trump potentially making a political comeback with the concept of "Trump 2.0," many analysts and experts have started to speculate on what his future cabinet could look like and how this could impact policy implementation in the United States. While the announcement of Trump's potential return to office has sparked mixed reactions among the public, there is a general consensus among analysts that a Trump 2.0 administration could lead to a more streamlined and efficient policy process.X4 Pharmaceuticals Announces Inducement Grants Under Nasdaq Listing Rule 5635(c)(4)
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