secwatch.observer — SEC 8-K summary
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Issuer:     Weave Communications, Inc. (WEAV)
CIK:        0001609151
Form:       8-K
Filed at:   2025-05-05T23:59:59+00:00
Accession:  0001609151-25-000051
Event type: earnings
Sentiment:  positive
Materiality: 0.75
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1609151/000160915125000051/0001609151-25-000051-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1609151/000160915125000051/weav-20250505.htm
  HTML page:      https://secwatch.observer/filing/0001609151-25-000051

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