earnings
confidence high
sentiment positive
materiality 0.75
Weave Q3 revenue $52.4M (+20.3% YoY); first positive non-GAAP op income $1.4M
Weave Communications, Inc.
2024-Q3 EPS reported
-$0.30
revenue$150,145,000
- GAAP net loss $5.9M ($0.08/share) improved from $7.1M loss ($0.10) a year ago.
- Non-GAAP net income $2.1M ($0.03/share) vs. loss of $1.0M ($0.01) in Q3 2023.
- GAAP gross margin 72.0% (up 330 bps YoY); Non-GAAP gross margin 72.5% (up 320 bps).
- Free cash flow $3.5M, up from $2.1M YoY; cash & short-term investments $98.2M.
- Q4 revenue guidance $52.6-53.6M; full-year FY2024 revenue $202.7-203.7M.