earnings
confidence high
sentiment neutral
materiality 0.70
Weave Q1 revenue $33.3M (+30% YoY), net loss $13.8M; provides Q2/FY guidance
Weave Communications, Inc.
2022-Q1 EPS reported
-$0.21
revenue$33,272,000
- Revenue $33.3M (+30% YoY); GAAP net loss $13.8M ($0.21/share); non-GAAP net loss $10.4M ($0.16/share).
- Q2 revenue guidance $33–34M, FY 2022 $139–142M; non-GAAP loss from ops Q2 $(11)–(10)M, FY $(40)–(36)M.
- Dollar-based net retention rate 103%, gross retention rate 94% as of March 31, 2022.
- Appointed Brett White as President & COO and Branden Neish as Chief Product Officer.
- Lock-up agreements from November 2021 IPO terminate May 6, 2022.