Weave Q2 revenue $34.9M (+24% YoY); GAAP EPS -$0.23; CEO Roy Banks steps down, Brett White interim

Weave Communications, Inc.

2022-Q2 EPS reported -$0.44 revenue$68,202,000

Total revenue $34.9M, up 24% YoY from $28.1M.
GAAP net loss $14.8M ($0.23/shr); Non-GAAP net loss $10.3M ($0.16/shr).
Dollar-Based Net Retention Rate 102%; Gross Retention Rate 94% as of June 30.
CEO Roy Banks stepping down for health reasons; President Brett White named Interim CEO effective Aug 15, 2022.
Q3 revenue guidance $35-36M; Full year 2022 revenue guidance $141-143M.

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