secwatch.observer — SEC 8-K summary
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Issuer:     Weave Communications, Inc. (WEAV)
CIK:        0001609151
Form:       8-K
Filed at:   2022-08-03T23:59:59+00:00
Accession:  0001609151-22-000029
Event type: earnings
Sentiment:  negative
Materiality: 0.85
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1609151/000160915122000029/0001609151-22-000029-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1609151/000160915122000029/weav-20220803.htm
  HTML page:      https://secwatch.observer/filing/0001609151-22-000029

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer