---
schema_version: "secwatch.filing_event.v1"
accession: "0001609151-23-000025"
form_type: "8-K"
ticker: "WEAV"
cik: "0001609151"
company_name: "Weave Communications, Inc."
filed_at: "2023-08-02T23:59:59+00:00"
generated_at: "2026-06-12T13:40:56.136119+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- accession: 0001609151-23-000025
- form_type: 8-K
- ticker: WEAV
- cik: 0001609151
- company_name: Weave Communications, Inc.
- filed_at: 2023-08-02T23:59:59+00:00
- event_type: earnings
- sentiment: positive
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1609151/000160915123000025/0001609151-23-000025-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1609151/000160915123000025/weav-20230802.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001609151-23-000025
- JSON: https://secwatch.observer/filing/0001609151-23-000025.json
- Plain text: https://secwatch.observer/filing/0001609151-23-000025.txt

## Key facts
- Earnings Releases
  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
  source text: 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
  evidence_url: https://www.sec.gov/Archives/edgar/data/1609151/000160915123000025/0001609151-23-000025-index.htm
- Earnings Releases
  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
  source text: 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. •
  evidence_url: https://www.sec.gov/Archives/edgar/data/1609151/000160915123000025/0001609151-23-000025-index.htm

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