secwatch.observer — SEC 8-K summary
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Issuer:     Weave Communications, Inc. (WEAV)
CIK:        0001609151
Form:       8-K
Filed at:   2023-08-02T23:59:59+00:00
Accession:  0001609151-23-000025
Event type: earnings
Sentiment:  positive
Materiality: 0.75
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1609151/000160915123000025/0001609151-23-000025-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1609151/000160915123000025/weav-20230802.htm
  HTML page:      https://secwatch.observer/filing/0001609151-23-000025

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