Weave munications(WEAV)

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Weave munications(WEAV) - 2023 Q4 - Annual Report
2024-03-13 20:20
UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 ______________ FORM 10-K ☒ ANNUAL REPORT PURSUANT TO SECTION 13 or 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended December 31, 2023 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 26-330290 ...
Weave munications(WEAV) - 2023 Q4 - Annual Results
2024-02-21 21:08
Fourth Quarter 2023 Financial Highlights 1 • Fourth quarter total revenue of $45.7 million, up 21.2% year over year. • Full year total revenue of $170.5 million, up 19.9% year-over-year. • Fourth quarter positive net cash from operating activities of $3.7 million, up from negative net cash from operating activities of $2.8 million last year. • Full year positive net cash from operating activities of $10.2 million, up from negative net cash from operating activities of $12.8 million last year. • Fourth quart ...
Weave munications(WEAV) - 2023 Q3 - Quarterly Report
2023-11-08 21:28
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 September 30, 2023 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) (State or ...
Weave munications(WEAV) - 2023 Q2 - Quarterly Report
2023-08-08 20:26
UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 ______________ 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) (State or other jurisdiction of incorporation or organization) Delaware 26-3302902 FORM 10-Q ☑ QUARTERLY REPORT PURSUANT TO SECTION 13 or 15(d) OF THE SECURITI ...
Weave munications(WEAV) - 2023 Q1 - Quarterly Report
2023-05-09 20:33
UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 ______________ ☐ 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) FORM 10-Q ☑ QUARTERLY REPORT PURSUANT TO SECTION 13 or 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended March 31, 2023 or (State or oth ...
Weave munications(WEAV) - 2022 Q4 - Annual Report
2023-03-16 12:59
UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 ______________ FORM 10-K ☒ ANNUAL REPORT PURSUANT TO SECTION 13 or 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended December 31, 2022 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 26-330290 ...
Weave munications(WEAV) - 2022 Q3 - Quarterly Report
2022-11-10 21:48
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 September 30, 2022 or ☐ TRANSITION REPORT PURSUANT TO SECTION 13 or 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from __________ to __________ UNITED STATES SECURITIES AND EXCHANGE COMMISSION Commission File Number: 001-40998 Weave Communications, Inc. (Exact name of registrant as specified in its charter) (State or ...
Weave munications(WEAV) - 2022 Q3 - Earnings Call Transcript
2022-11-05 18:12
Financial Data and Key Metrics Changes - Total revenue for Q3 2022 reached $36.2 million, representing a year-over-year growth of 20% [10][33] - Non-GAAP gross profit improved by 33% year-over-year, with a gross margin increase of 660 basis points to 64.6% from 58% [11][36] - Non-GAAP operating loss decreased by 34% to $6.5 million, with an operating loss margin improvement from negative 32.8% to negative 18% [11][40] - Adjusted EBITDA loss improved by $3.9 million year-over-year, with an EBITDA loss margin of 14.2% compared to 30% a year ago [41] Business Line Data and Key Metrics Changes - Subscription and payments revenue increased by $6.6 million with only a $2.4 million increase in operating expenses [12][38] - Net revenue retention rate was 101%, while gross revenue retention rate remained stable at 94% [34] Market Data and Key Metrics Changes - The company noted a recovery in in-person industry events, which are expected to contribute positively to sales [15][61] - The transition to a new sales model has led to improved sales performance, including reduced sales team attrition and lower customer acquisition costs [16][17] Company Strategy and Development Direction - The company is focused on enhancing customer experience, building a scalable foundation for profitable growth, and improving operational efficiencies [9][28] - There is a commitment to technology enhancements to address the needs of small and medium healthcare businesses, including new features like Online Scheduling and Phone Reporting Analytics [18][20] - The company is transitioning to an in-house Digital Forms product, which is expected to improve margins despite a temporary revenue impact [44] Management's Comments on Operating Environment and Future Outlook - Management expressed optimism about the future, citing a resilient customer base and positive indicators in sales performance [28][29] - The company anticipates continued margin improvements and is focused on achieving cash flow breakeven and profitability [41][49] Other Important Information - The company was recognized as a certified Great Place to Work for the fourth consecutive year, highlighting its strong culture and employee engagement [26] - A virtual user conference was hosted to enhance customer engagement and showcase platform enhancements [24] Q&A Session Summary Question: How has traction been in multi-location practices? - Management confirmed positive traction and the establishment of a dedicated go-to-market team for multi-location practices [51][53] Question: Will there be continued hiring throughout the year? - Management indicated a focus on improving sales productivity and hiring where talent is available, not limited to Utah [54][55] Question: How should revenue growth be sequenced in the coming quarters? - Management noted that while the transition to in-house forms may impact top-line revenue temporarily, margin improvements are expected [58] Question: What is the trend in customer churn? - Customer churn remained within normal ranges, with a gross revenue retention rate of 94% [69] Question: What are the observations regarding customer responses in the macro environment? - Management noted that sales cycles have elongated slightly, but customer retention and pricing remain stable [71][72]
Weave munications(WEAV) - 2022 Q2 - Quarterly Report
2022-08-12 20:26
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, 2022 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) (State or othe ...
Weave munications(WEAV) - 2022 Q1 - Quarterly Report
2022-05-13 20:14
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 March 31, 2022 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 26-3 ...