{"schema_version":"secwatch.filing_event.v1","accession":"0001609151-24-000048","form_type":"8-K","ticker":"WEAV","cik":"0001609151","company_name":"Weave Communications, Inc.","filed_at":"2024-05-01T23:59:59+00:00","discovered_at":"2026-05-14T18:03:19.237047+00:00","generated_at":"2026-06-03T02:52:25.404996+00:00","sec_items":["2.02","9.01"],"event_type":"earnings","sentiment":"positive","materiality_score":0.7,"calibrated_materiality_score":0.7,"confidence":"high","headline":"Weave Q1 revenue $47.2M (+19% YoY), non-GAAP gross margin tops 70% for first time","bullets":["Revenue $47.2M (+19.2% YoY); GAAP net loss $7.2M ($0.10/sh) vs $7.9M ($0.12/sh) prior year.","Non-GAAP gross margin 70.4% (all-time high); non-GAAP net loss $0.4M ($0.01/sh) vs $3.3M ($0.05/sh).","Free cash flow -$20.5M due to billing system timing ($15M deferral) and early bonus payout ($7M); expects normalization in H1 2024.","Dollar-based net retention rate 96%, gross retention rate 92% as of March 31, 2024.","Q2 2024 guidance: revenue $48.2-49.2M; full-year revenue $197-200M; non-GAAP op loss $(2.5)-(1.5)M Q2, $(6.0)-(2.0)M FY."],"urls":{"canonical":"https://secwatch.observer/filing/0001609151-24-000048","json":"https://secwatch.observer/filing/0001609151-24-000048.json","markdown":"https://secwatch.observer/filing/0001609151-24-000048.md","text":"https://secwatch.observer/filing/0001609151-24-000048.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1609151/000160915124000048/0001609151-24-000048-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1609151/000160915124000048/weav-20240501.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-03T02:52:25.404996+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[{"claim_id":"a417e4f72ea975483f2f4b2aaaa67be540d98fc1","claim":"Weave Communications, Inc. reported the first quarter ended March 31, 2024 results: revenue $47.2 million, net income GAAP net loss was $7.2 million, or $0.10 per share, EPS $0.10 per share.","evidence_excerpt":"be expressly set forth by specific reference in such filing. --- EX-99.1 (EX-99.1) --- Weave Announces First Quarter 2024 Financial Results • First quarter total revenue of $47.2 million, up 19.2% year over year • GAAP gross margin of 69.9%, up 280 basis points year over year • Non GAAP gross margin of 70.4%, up 280 basis points year over year LEHI, Utah—May 1,","evidence_source":"SEC 8-K Item 2.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1609151/000160915124000048/0001609151-24-000048-index.htm","confidence":0.9,"family_label":"Earnings Releases","details":[{"label":"Period","value":"the first quarter ended March 31, 2024"},{"label":"Revenue","value":"$47.2 million"},{"label":"Net income","value":"GAAP net loss was $7.2 million, or $0.10 per share"},{"label":"EPS","value":"$0.10 per share"},{"label":"Result","value":"reported results"}]}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}