earnings
confidence high
sentiment positive
materiality 0.70
Weave Communications Q2 2024: revenue $50.6M (+21% YoY), first adjusted EBITDA positive
Weave Communications, Inc.
2024-Q2 EPS reported
-$0.22
revenue$97,759,000
- Revenue $50.6M (+21.4% YoY); GAAP gross margin 71.4% (+410 bps).
- GAAP net loss $8.6M ($0.12/share); non-GAAP net loss $0.3M ($0.00).
- Operating cash flow $22.7M (vs $1.6M); free cash flow $21.2M (vs $0.9M).
- CEO reports first positive adjusted EBITDA in company history.
- Q3 revenue guidance $50.7M–$51.7M; full year $201M–$203M.