secwatch.observer — SEC 8-K summary
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Issuer:     Weave Communications, Inc. (WEAV)
CIK:        0001609151
Form:       8-K
Filed at:   2023-11-01T23:59:59+00:00
Accession:  0001628280-23-035982
Event type: earnings
Sentiment:  positive
Materiality: 0.70
Item codes: 2.02, 5.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Weave Q3 revenue $43.5M (+20.2% YoY), net loss narrows; CRO resigns
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- Q3 revenue $43.5M, up 20.2% YoY; GAAP net loss $7.1M ($0.10/sh) vs $11.8M ($0.18) YoY.
- Non-GAAP net loss $1.0M ($0.01/sh); operating cash flow $3.3M, positive vs -$4.0M YoY.
- Customer base crossed 30,000 locations; NRR 95%, GRR 92% as of Sept 30, 2023.
- Q4 guidance: revenue $43.5-$44.5M; FY23 rev $168.3-$169.3M; non-GAAP op loss $(3.0)-$(2.0)M.
- CRO Matt Hyde resigns eff Nov 20; VP Sales Jake Kuresa named interim CRO, CEO Brett White also assumes duties.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1609151/000162828023035982/0001628280-23-035982-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1609151/000162828023035982/weav-20231031.htm
  HTML page:      https://secwatch.observer/filing/0001628280-23-035982

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