secwatch / observer
8-K filed November 2, 2022, 7:59 PM ET ticker WEAV CIK 0001609151
earnings confidence high sentiment positive materiality 0.70

Weave Q3 revenue up 20% to $36.2M; net loss narrows to $0.18 per share

Weave Communications, Inc.

2022-Q3 EPS reported -$0.62 revenue$104,432,000

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.9

Weave Communications, Inc. reported the third quarter ended September 30, 2022 results: revenue $36.2 million, net income $11.8 million, EPS $0.18 per share.

Period
the third quarter ended September 30, 2022
Revenue
$36.2 million
Net income
$11.8 million
EPS
$0.18 per share
Result
reported results
Exact text from the filing
• Total revenue was $36.2 million, representing a 20% year-over-year increase compared to $30.3 million in the third quarter of 2021. • GAAP loss from operations was $11.9 million, compared to a GAAP loss from operations of $13.9 million in the third quarter of 2021. • Non-GAAP loss from operations was $6.5 million, compared to a non-GAAP loss from operations of $9.9 million in the third quarter of 2021. • GAAP net loss attributable to common stockholders was $11.8 million, or $0.18 per share compared to a GAAP net loss attributable to common stockholders of $14.8 million, or $1.03 per share in the third quarter of 2021. • Non-GAAP net loss attributable to common stockholders was $6.5 million, or $0.10 per share compared to a non-GAAP net loss attributable to common stockholders of $10.3 million, or $0.72 per share in the third quarter of 2021.
View on SEC.gov
Earnings Releases SEC 8-K Item 2.02 confidence 0.9

Weave Communications, Inc. reported the three months and full year ending December 31, 2022 results: revenue $36.0 - $37.0 (Q4); $140.5 - $141.5 (FY), net income $(7.5) - $(6.5) million (Q4 Non-GAAP loss from operations); $(34.0) - $(33.0) million (FY Non-GAAP loss from operations). Guidance initiated.

Period
the three months and full year ending December 31, 2022
Revenue
$36.0 - $37.0 (Q4); $140.5 - $141.5 (FY)
Net income
$(7.5) - $(6.5) million (Q4 Non-GAAP loss from operations); $(34.0) - $(33.0) million (FY Non-GAAP loss from operations)
Guidance
initiated
Result
guidance update
Exact text from the filing
Financial Fourth Quarter and Full Year 2022 Outlook The company expects the following financial results for the three months and full year ending December 31, 2022: Fourth Quarter Full Year (in millions) Total revenue $36.0 - $37.0 $140.5 - $141.5 Non-GAAP loss from operations $(7.5) - $(6.5) $(34.0) - $(33.0) Weighted average share count 65.6 65.1
View on SEC.gov

6 earnings releases filed in the last 30 days. Browse all earnings releases →

Weave Communications, Inc. filing history →

Source: SEC EDGAR
accession 0001609151-22-000048
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