---
schema_version: "secwatch.filing_event.v1"
accession: "0001609151-23-000018"
form_type: "8-K"
ticker: "WEAV"
cik: "0001609151"
company_name: "Weave Communications, Inc."
filed_at: "2023-05-03T23:59:59+00:00"
generated_at: "2026-06-16T01:06:14.624350+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.6
calibrated_materiality_score: 0.6
confidence: "high"
source: SEC EDGAR
---

# Weave Q1 revenue $39.6M (+19% YoY); posts positive free cash flow of $0.6M

## Summary
- GAAP net loss $7.9M ($0.12 loss per share); non-GAAP loss $3.3M ($0.05 loss per share).
- Revenue grew 19% YoY to $39.6M; gross margin improved to 67.1% GAAP.
- Operating cash flow turned positive $1.5M vs -$4.2M last year; free cash flow $0.6M.
- Q2 revenue guidance $39.5-40.5M; full year $160.5-163.5M.
- Weave launched AI-powered Response Assistant and Bulk Texting; appointed Marcus Bertilson as Chief Strategy & Services Officer.

## SEC filing metadata
- accession: 0001609151-23-000018
- form_type: 8-K
- ticker: WEAV
- cik: 0001609151
- company_name: Weave Communications, Inc.
- filed_at: 2023-05-03T23:59:59+00:00
- event_type: earnings
- sentiment: positive
- materiality_score: 0.6
- calibrated_materiality_score: 0.6
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1609151/000160915123000018/0001609151-23-000018-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1609151/000160915123000018/weav-20230503.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001609151-23-000018
- JSON: https://secwatch.observer/filing/0001609151-23-000018.json
- Plain text: https://secwatch.observer/filing/0001609151-23-000018.txt

## Key facts
- Earnings Releases
  Weave Communications, Inc. reported the first quarter ended March 31, 2023 results: revenue $39.6 million, net income $7.9 million, EPS $0.12 per share.
  - Period: the first quarter ended March 31, 2023
  - Revenue: $39.6 million
  - Net income: $7.9 million
  - EPS: $0.12 per share
  - Result: reported results
  source text: set forth by specific reference in such filing. --- EX-99.1 (EX-99.1) --- Weave Communications Announces First Quarter 2023 Financial Results • First quarter total revenue of $39.6 million, up 19% year-over-year. • First quarter net cash provided by operating activities of $1.5 million, up from net cash used in operating activities of $4.2 million last year. •
  evidence_url: https://www.sec.gov/Archives/edgar/data/1609151/000160915123000018/0001609151-23-000018-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.