Weave Q3 revenue $30.3M (+42% YoY); net loss widens to $14.8M

Weave Communications, Inc.

Revenue $30.3M, up 42% YoY from $21.4M; GAAP net loss $14.8M vs $10.9M prior year.
Customer locations 22,553 (+31% YoY); net retention rate 104%, gross retention 93%.
IPO on Nov 10 raised $111.6M net proceeds; partial lock-up release allows up to 1,103,644 shares for sale Dec 10-15.
Q4 revenue guidance $31.5-$32.5M; FY 2021 revenue guidance $115.5-$116.5M.
Non-GAAP loss from operations $10.0M vs $5.4M; Adjusted EBITDA -$9.1M vs -$5.0M.

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