secwatch.observer — SEC 8-K summary
======================================

Issuer:     Weave Communications, Inc. (WEAV)
CIK:        0001609151
Form:       8-K
Filed at:   2023-05-03T23:59:59+00:00
Accession:  0001609151-23-000018
Event type: earnings
Sentiment:  positive
Materiality: 0.60
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1609151/000160915123000018/0001609151-23-000018-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1609151/000160915123000018/weav-20230503.htm
  HTML page:      https://secwatch.observer/filing/0001609151-23-000018

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