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Weave munications(WEAV) - 2025 Q2 - Quarterly Report
2025-08-07 20:25
UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 ______________ FORM 10-Q ☑ QUARTERLY REPORT PURSUANT TO SECTION 13 or 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended June 30, 2025 or ☐ TRANSITION REPORT PURSUANT TO SECTION 13 or 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from __________ to __________ Commission File Number: 001-40998 Weave Communications, Inc. (Exact name of registrant as specified in its charter) Delaware 26-33 ...
Weave Q2 Revenue Jumps 16%
The Motley Fool· 2025-08-05 18:25
Weave Communications (WEAV 1.05%), a provider of cloud-based communication and automation tools for healthcare practices, released its second-quarter results on July 31, 2025. The company reported GAAP revenue of $58.5 million in Q2 2025, above the analyst consensus of $57.81 million (GAAP) for Q2 2025, and non-GAAP earnings per share (EPS) of $0.02, ahead of the estimated $0.00. driven by growth in its specialty medical segment and milestones in artificial intelligence (AI) integration via its newly closed ...
Weave munications(WEAV) - 2025 Q2 - Earnings Call Transcript
2025-07-31 21:30
Weave Communications (WEAV) Q2 2025 Earnings Call July 31, 2025 04:30 PM ET Speaker0Greetings and welcome to Weave Communications Second Quarter twenty twenty five Financial Results and Conference Call. At this time, all participants are in a listen only mode. A question and answer session will follow the formal presentation. As a reminder, this conference is being recorded. I would now like to turn the conference over to your host, Mr.Mark McReynolds, Head of Investor Relations. Thank you. You may begin.Sp ...
Weave munications(WEAV) - 2025 Q2 - Earnings Call Presentation
2025-07-31 20:30
Weave Overview Q2 2025 NYSE : WEAV JULY 2025 These factors, together with those described in greater detail in our Annual Report on Form 10-K that we filed with the Securities and Exchange Commission ("SEC") on March 13, 2025, may cause our actual results, performance or achievements to differ materially and adversely from those anticipated or implied by our forward-looking statements. All forward-looking statements herein reflect our opinions only as of the date of this presentation, and we undertake no ob ...
Weave munications(WEAV) - 2025 Q2 - Quarterly Results
2025-07-31 20:08
Weave Announces Second Quarter 2025 Financial Results LEHI, Utah—July 31, 2025 – Weave Communications, Inc. ("Weave") (NYSE: WEAV), a leading all-in-one customer experience and payments software platform for small and medium-sized healthcare businesses, today announced its financial results for the second quarter June 30, 2025. "Q2 marked another strong quarter for Weave, with solid revenue growth, improved gross margins, and increased free cash flow. We are seeing clear momentum across our growth vectors. ...
中国自动驾驶十年沉浮
3 6 Ke· 2025-07-09 02:45
Core Viewpoint - The development of autonomous driving in China over the past decade has been marked by both significant advancements and notable setbacks, leading to a cautious and regulated environment for the industry [9][10][19]. Group 1: Historical Context and Initial Developments - In 2015, the Chinese government issued "Made in China 2025," highlighting autonomous driving as a key direction for the automotive industry's transformation [2]. - The first domestic autonomous bus test occurred in August 2015, marking a significant milestone in the industry [3][4]. - Baidu's autonomous vehicle showcased its capabilities in mixed traffic conditions in October 2015, further establishing the potential for autonomous driving in urban environments [5][6]. Group 2: Regulatory Changes and Industry Response - A fatal accident involving a vehicle in NOA mode led to stricter regulations, prohibiting misleading terms like "autonomous driving" in marketing [11][12]. - Companies such as Xiaomi, Li Auto, and others adjusted their marketing language to comply with new regulations, shifting from "smart driving" to "assisted driving" [14]. - The regulatory environment has led to a more cautious approach to testing and deploying autonomous vehicles in China [14]. Group 3: International Developments and Market Expansion - In contrast to China's regulatory tightening, international markets, particularly in the U.S. and the Middle East, are embracing autonomous driving technologies [15][16]. - Companies like Waymo and Tesla are making significant strides in commercializing autonomous taxi services and expanding operational areas [15][16]. - Chinese companies are increasingly looking to international markets for growth, with Baidu and Pony.ai establishing partnerships in the UAE for deploying autonomous fleets [17][18]. Group 4: Industry Challenges and Market Dynamics - The autonomous driving sector has experienced a rollercoaster of growth and decline, with many startups facing challenges due to regulatory pressures and market saturation [20][21]. - The number of new autonomous driving companies surged until 2018, but the industry faced a downturn following high-profile accidents and regulatory scrutiny [21][24]. - By 2021, the industry saw a resurgence driven by the pandemic, with a focus on contactless delivery and logistics applications [25][26]. Group 5: Financial Performance and Market Sentiment - Despite initial optimism, many newly listed autonomous driving companies have seen their market valuations decline significantly post-IPO [30][31][32]. - Companies like Horizon Robotics have bucked the trend, experiencing growth due to their strategic positioning as a key supplier for major automotive manufacturers [33]. - The market is witnessing a consolidation phase, with only a few companies expected to survive and thrive in the competitive landscape [37]. Group 6: Legislative and Regulatory Needs - The lack of comprehensive national legislation on autonomous driving in China is seen as a major barrier to the industry's growth and commercialization [42][45]. - In contrast, countries like the UK and the US have made significant legislative progress, establishing clear frameworks for the operation of autonomous vehicles [43][44]. - Industry experts advocate for the urgent need to develop a robust legal framework in China to facilitate the safe and effective deployment of autonomous driving technologies [45]. Group 7: Future Outlook - The next decade is expected to bring further maturation of the autonomous driving industry, with a focus on safety, regulatory compliance, and sustainable business models [48][49]. - The industry is moving towards a more pragmatic approach, emphasizing the integration of technology into everyday life rather than mere technological showcase [48].
Weave munications(WEAV) - 2025 Q1 - Quarterly Report
2025-05-09 20:12
[PART I. FINANCIAL INFORMATION](index=6&type=section&id=PART%20I.%20FINANCIAL%20INFORMATION) [Financial Statements (Unaudited)](index=6&type=section&id=Item%201.%20Financial%20Statements%20(Unaudited)) Unaudited Q1 2025 financials show 18% revenue growth to $55.8 million, a net loss of $8.8 million, and significantly improved operating cash flow [Condensed Consolidated Balance Sheets](index=6&type=section&id=Condensed%20Consolidated%20Balance%20Sheets) The balance sheet as of March 31, 2025, shows total assets of $188.3 million and stockholders' equity of $68.6 million Condensed Consolidated Balance Sheet Highlights (in thousands) | Account | March 31, 2025 | December 31, 2024 | | :--- | :--- | :--- | | **Assets** | | | | Cash and cash equivalents | $53,410 | $51,596 | | Short-term investments | $44,819 | $47,534 | | Total current assets | $120,258 | $120,739 | | TOTAL ASSETS | $188,310 | $188,926 | | **Liabilities & Equity** | | | | Deferred revenue | $38,864 | $39,987 | | Total current liabilities | $75,169 | $76,620 | | Total liabilities | $119,729 | $121,958 | | Total stockholders' equity | $68,581 | $66,968 | | TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY | $188,310 | $188,926 | [Condensed Consolidated Statements of Operations and Comprehensive Loss](index=7&type=section&id=Condensed%20Consolidated%20Statements%20of%20Operations%20and%20Comprehensive%20Loss) Q1 2025 operations show 18.3% revenue growth to $55.8 million, improved gross margin to 71.6%, and a net loss of $8.8 million Q1 2025 Statement of Operations Summary (in thousands, except per share data) | Metric | Q1 2025 | Q1 2024 | | :--- | :--- | :--- | | Revenue | $55,809 | $47,173 | | Gross Profit | $39,945 | $32,987 | | Loss from operations | $(9,320) | $(8,155) | | Net loss | $(8,825) | $(7,203) | | Net loss per share - basic and diluted | $(0.12) | $(0.10) | [Condensed Consolidated Statements of Cash Flows](index=9&type=section&id=Condensed%20Consolidated%20Statements%20of%20Cash%20Flows) Q1 2025 cash flow from operations significantly improved to a use of $0.2 million, with cash and equivalents increasing by $1.8 million Cash Flow Summary (in thousands) | Activity | Three Months Ended March 31, 2025 | Three Months Ended March 31, 2024 | | :--- | :--- | :--- | | Net cash used in operating activities | $(219) | $(19,701) | | Net cash provided by investing activities | $2,258 | $6,131 | | Net cash used in financing activities | $(225) | $(6,577) | | **Net increase (decrease) in cash** | **$1,814** | **$(20,147)** | [Notes to the Condensed Consolidated Financial Statements](index=11&type=section&id=Notes%20to%20the%20Condensed%20Consolidated%20Financial%20Statements) Notes detail accounting policies, revenue disaggregation, single segment operations, and the subsequent $35.0 million TrueLark acquisition - The company operates as a single reportable segment, providing communications and payment services via its Weave platform in North America[79](index=79&type=chunk) Disaggregation of Revenue (in thousands) | Revenue Source | Q1 2025 | Q1 2024 | | :--- | :--- | :--- | | Subscription and payment processing | $53,415 | $45,092 | | Onboarding | $888 | $960 | | Phone Hardware (embedded lease) | $1,506 | $1,121 | | **Total revenue** | **$55,809** | **$47,173** | - On May 4, 2025, the company entered into an agreement to acquire TrueLark for **$35.0 million**, consisting of **$25.0 million in cash** and **$10.0 million in stock**[83](index=83&type=chunk) [Management's Discussion and Analysis of Financial Condition and Results of Operations](index=24&type=section&id=Item%202.%20Management's%20Discussion%20and%20Analysis%20of%20Financial%20Condition%20and%20Results%20of%20Operations) Management discusses 18% revenue growth, improved gross margin, key retention rates, the TrueLark acquisition, and enhanced free cash flow - Weave is an all-in-one customer experience and payments software platform for small and medium-sized healthcare businesses, integrating communications, patient engagement, and payment tools[86](index=86&type=chunk) - On May 4, 2025, the company agreed to acquire TrueLark, an AI-powered receptionist and front-desk automation platform, for **$35.0 million** (**$25.0M cash**, **$10.0M stock**)[88](index=88&type=chunk) Key Business Metrics | Metric | March 31, 2025 | March 31, 2024 | | :--- | :--- | :--- | | Dollar-based net retention rate | 98% | 96% | | Dollar-based gross retention rate | 91% | 92% | Non-GAAP Financial Measures (in thousands) | Measure | Q1 2025 | Q1 2024 | | :--- | :--- | :--- | | Free cash flow | $(1,062) | $(20,519) | | Free cash flow margin | (2)% | (43)% | | Adjusted EBITDA | $1,020 | $(358) | - The company's liquidity as of March 31, 2025, consisted of **$53.4 million in cash and cash equivalents** and **$44.8 million in short-term investments**[146](index=146&type=chunk)[148](index=148&type=chunk) Management believes this is sufficient to meet working capital needs for at least the next 12 months [Quantitative and Qualitative Disclosures About Market Risk](index=39&type=section&id=Item%203.%20Quantitative%20and%20Qualitative%20Disclosures%20About%20Market%20Risk) The company's market risk exposure, including interest and foreign currency rates, remains materially unchanged from year-end 2024 - As of March 31, 2025, the company's exposure to market risk has not changed materially since December 31, 2024[163](index=163&type=chunk) [Controls and Procedures](index=40&type=section&id=Item%204.%20Controls%20and%20Procedures) Management concluded that disclosure controls were effective as of March 31, 2025, with no material changes to internal controls - The CEO and CFO concluded that as of March 31, 2025, the company's disclosure controls and procedures were effective[165](index=165&type=chunk) - No changes in internal control over financial reporting occurred during the quarter that have materially affected, or are reasonably likely to materially affect, these controls[166](index=166&type=chunk) [PART II. OTHER INFORMATION](index=40&type=section&id=PART%20II.%20OTHER%20INFORMATION) [Legal Proceedings](index=40&type=section&id=Item%201.%20Legal%20Proceedings) The company is not currently a party to any legal proceedings expected to have a material adverse effect on its business - The company is not presently a party to any legal proceedings that would individually or in aggregate have a material adverse effect on its business[169](index=169&type=chunk) [Risk Factors](index=42&type=section&id=Item%201A.%20Risk%20Factors) Key risks include historical losses, customer retention, third-party reliance, regulatory compliance, cybersecurity, and AI technology challenges - The company has a history of net losses, including **$8.8 million** for Q1 2025, and may not achieve or sustain profitability in the future[189](index=189&type=chunk) - Business success is highly dependent on attracting new customers, retaining existing ones, and increasing their use of the platform, particularly among small and medium-sized healthcare businesses which are susceptible to economic downturns[179](index=179&type=chunk)[185](index=185&type=chunk) - The company relies on a single supplier, Stripe, for its Weave Payments solution and substantially relies on Google Cloud Platform (GCP) to operate its platform, making it vulnerable to service interruptions from these providers[235](index=235&type=chunk)[245](index=245&type=chunk) - The business is subject to extensive regulation, including FCC rules for VoIP services, TCPA for communications, and HIPAA for protecting health information, with non-compliance posing risks of fines and liability[287](index=287&type=chunk)[297](index=297&type=chunk)[311](index=311&type=chunk) - The use of AI in the platform may not produce desired benefits and could result in increased liability, reputational harm, or other adverse consequences due to potential inaccuracies, bias, or infringement issues[250](index=250&type=chunk) [Other Information](index=86&type=section&id=Item%205.%20Other%20Information) No directors or officers adopted or terminated Rule 10b5-1 trading arrangements during Q1 2025 - During the fiscal quarter ended March 31, 2025, none of the company's directors or officers adopted or terminated a Rule 10b5-1 trading arrangement[378](index=378&type=chunk) [Exhibits](index=87&type=section&id=Item%206.%20Exhibits) This section lists filed exhibits, including executive employment agreements, CEO/CFO certifications, and Inline XBRL financial data files - Filed exhibits include employment agreements for executives, CEO/CFO certifications (Rule 13a-14(a) and Section 1350), and financial statements in Inline XBRL format[379](index=379&type=chunk)
Weave Communications: Did They Overpay For TrueLark?
Seeking Alpha· 2025-05-06 18:50
Core Insights - The article discusses the investment potential of WEAV, highlighting a beneficial long position in its shares [1]. Group 1 - The analysis emphasizes the importance of individual opinions in investment decisions, noting that past performance does not guarantee future results [2]. - It clarifies that no specific investment recommendations are provided, and the views expressed may not represent the entire platform's stance [2]. - The article indicates that the authors include both professional and individual investors, some of whom may lack formal licensing or certification [2].
Weave munications(WEAV) - 2025 Q1 - Earnings Call Presentation
2025-05-05 22:36
Weave Overview Q1 2025 NYSE : WEAV MAY 2025 1 Safe Harbor Statement This presentation has been prepared by Weave Communications, Inc. ("Weave", "we", "us", or "our") for informational purposes only and not for any other purpose. This presentation contains "forward-looking statements" within the Private Securities Litigation Reform Act of 1995 that are based on our management's current expectations and projections about future events and financial trends that we believe may affect our financial condition, re ...
Weave Communications, Inc. (WEAV) Q1 Earnings Match Estimates
ZACKS· 2025-05-05 22:20
Group 1 - Weave Communications, Inc. reported quarterly earnings of $0.01 per share, matching the Zacks Consensus Estimate, compared to a loss of $0.01 per share a year ago [1] - The company posted revenues of $55.81 million for the quarter ended March 2025, exceeding the Zacks Consensus Estimate by 2.10%, and up from $47.17 million year-over-year [2] - Over the last four quarters, Weave Communications has surpassed consensus EPS estimates two times and topped consensus revenue estimates four times [2][3] Group 2 - The stock has underperformed, losing about 32.2% since the beginning of the year, while the S&P 500 has declined by only 3.3% [3] - The current consensus EPS estimate for the coming quarter is $0.02 on revenues of $56.75 million, and for the current fiscal year, it is $0.08 on revenues of $233.84 million [7] - The Internet - Software industry, to which Weave Communications belongs, is currently in the top 38% of Zacks industries, indicating a favorable outlook compared to the bottom 50% [8]