Weave Q2 revenue $41.7M (+19.3% YoY); net loss narrows; positive FCF; guides FY rev $164.7-$166.7M

Weave Communications, Inc.

2023-Q2 EPS reported -$0.25 revenue$81,232,000

Revenue $41.7M (+19.3% YoY); GAAP net loss $9.0M ($0.13/sh) vs $14.8M ($0.23/sh).
Non-GAAP net loss $3.1M ($0.05/sh); non-GAAP gross margin 67.9% vs 61.1%.
Free cash flow positive $0.9M vs negative $2.4M; net cash from ops $1.6M (vs -$1.7M).
Q3 rev guide $41.7-$42.7M; FY rev guide $164.7-$166.7M; Q3 non-GAAP op loss guide $(4.5)-(3.5)M.
Dollar-Based NRR 96%, GRR 92% as of June 30, 2023.

item 2.02 item 9.01

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 three months ending September 30, 2023 and full year ending December 31, 2023 results: revenue $41.7 - $42.7 million (Q3) and $164.7 - $166.7 million (FY). Guidance reaffirmed.

Period: three months ending September 30, 2023 and full year ending December 31, 2023
Revenue: $41.7 - $42.7 million (Q3) and $164.7 - $166.7 million (FY)
Guidance: reaffirmed
Result: guidance update

Exact text from the filing

the following financial results for the three months ending September 30, 2023 and full year ending December 31, 2023: Third Quarter Full Year (in millions) Total revenue $41.7 - $42.7 $164.7 - $166.7 Non-GAAP loss from operations $(4.5) - $(3.5) $(16.9) - $(14.9) Weighted average share count 68.1 67.6 The guidance provided above constitutes

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Earnings Releases SEC 8-K Item 2.02 confidence 0.9

Weave Communications, Inc. reported second quarter ended June 30, 2023 results: revenue $41.7 million, net income $(9.0) million, or $0.13 per share, EPS $0.13 per share.

Period: second quarter ended June 30, 2023
Revenue: $41.7 million
Net income: $(9.0) million, or $0.13 per share
EPS: $0.13 per share
Result: reported results

Exact text from the filing

be expressly set forth by specific reference in such filing. --- EX-99.1 (EX-99.1) --- Weave Announces Second Quarter 2023 Financial Results • Second quarter total revenue of $41.7 million, up 19.3% year over year. • Second quarter net cash provided by operating activities of $1.6 million, up from net cash used in operating activities of $1.7 million last year. •

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

Weave Communications, Inc. filing history →

Source: SEC EDGAR

accession 0001609151-23-000025

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