Weave Q1 revenue $55.8M (+18.3% YoY); acquires TrueLark for $35M

Weave Communications, Inc.

2025-Q1 EPS reported -$0.12 revenue$55,809,000

Q1 revenue $55.8M (+18.3% YoY); GAAP net loss $8.8M ($0.12/share) vs $7.2M loss a year ago.
Non-GAAP net income $0.5M ($0.01/share) vs non-GAAP loss; adjusted EBITDA positive $1.0M.
Gross margins improved ~170 bps to 71.6% GAAP; free cash flow improved to $(1.1)M from $(20.5)M.
Agreed to acquire TrueLark, AI virtual receptionist, for $35M ($25M cash + $10M equity); expected close Q2 2025.
Q2 2025 revenue guidance $57.3M-$58.3M; full year $236.8M-$239.8M.

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