Weave Communications Inc Stock Price, News & Analysis

Weave (NYSE: WEAV) has successfully completed its acquisition of TrueLark, an AI-powered receptionist and front-desk automation platform for healthcare businesses. This strategic acquisition aligns with Weave's goal to spearhead AI innovation in healthcare communications. Additionally, Weave filed a Form S-3 shelf registration statement with the SEC on May 16, 2025, to register the shares issued for the TrueLark acquisition. The company clarified it has no immediate plans to offer or sell additional securities under this registration.

Weave Communications (NYSE: WEAV) has announced the acquisition of TrueLark, an AI-powered receptionist platform, for $35 million ($25M cash, $10M equity). The strategic acquisition combines Weave's healthcare communications leadership with TrueLark's agentic AI capabilities to enhance front-office automation for healthcare practices.

The merger addresses critical staffing shortages in healthcare by providing 24/7 AI-powered assistance for appointment booking, patient communication, and administrative tasks. The combined solution targets an estimated $10 billion domestic and $22 billion international addressable market, focusing on dental service organizations and multi-location practices.

The transaction is expected to close in Q2 2025, with additional performance-based stock awards for key personnel over two years.

Weave Communications (NYSE: WEAV) reported strong Q1 2025 financial results with total revenue of $55.8 million, up 18.3% year-over-year. The company achieved improved margins with GAAP gross margin of 71.6% and non-GAAP gross margin of 72.1%, both up 170 basis points. Weave announced the acquisition of TrueLark for $35 million ($25M cash, $10M equity), strengthening its AI capabilities in front-desk automation. While posting a GAAP net loss of $8.8 million ($0.12/share), the company achieved non-GAAP net income of $0.5 million ($0.01/share). The company recorded strong specialty medical sales and expanded its serviceable market by 60,000 locations through new integrations. For FY2025, Weave projects revenue between $236.8-$239.8 million and expects non-GAAP income from operations of $0-$3 million.

Weave (NYSE: WEAV) has awarded its 2025 Healthcare Heroes grant to veterinarians Dr. Vernard Hodges and Dr. Terrence Ferguson, known as Critter Fixers. The $5,000 grant recognizes healthcare practitioners making exceptional community impacts.

The recipients, stars of NatGeo Wild's CRITTER FIXERS: COUNTRY VETS, treat over 20,000 animals annually across two locations. They're notable for breaking barriers in veterinary medicine and inspiring future Black veterinarians through their Vet for a Day program.

With only 2% of veterinarians being Black, Drs. Hodges and Ferguson focus on representation and accessibility in veterinary medicine. Their mentorship program has gained recognition from prestigious institutions including Texas A&M, Auburn, Cornell, and Ohio State. The doctors provide hands-on experiences and mentoring to at-risk students, demonstrating their commitment to diversifying the veterinary field.

Weave (NYSE: WEAV) has secured a top 50 position on G2's 2025 Best Software Awards for Best Healthcare Software Products. G2, the world's largest software marketplace reaching 100M buyers annually, bases these rankings on authentic user reviews.

Under CEO Brett White's leadership, Weave recently launched a redesigned AI-powered platform optimized for multi-location healthcare practices. Key features include:

• Unified view for streamlined operations
• AI-powered Call Intelligence with sentiment analysis
• New integrations with Prompt, Practice Fusion, and Veradigm

The company's recognition extends beyond G2, including awards for workplace excellence and being named an APPEALIE SaaS Award Winner, Great Place to Work in U.S. and India, and Inc. 2024 Power Partner Award Winner.

Weave (NYSE: WEAV), a customer experience and payments software platform for healthcare businesses, has announced a strategic integration with Veradigm, a healthcare data and technology solutions provider.

The integration introduces several key features to enhance practice management:

• Automated Data Management: Daily updates of patient contact and appointment information from Practice Fusion database
• Enhanced Communication Tools: VoIP phone system with call identification, automated missed-call texts, and two-way texting capabilities
• Appointment Management: Automated appointment reminders, save-the-date notifications, and recall reminders
• Patient Engagement: Automated review solicitation system and streamlined patient communication
• Financial Solutions: Text-to-pay functionality, payment reminders, and flexible payment options including payment plans and buy-now-pay-later

This integration aims to help healthcare practices improve patient engagement, streamline operations, and enhance practice profitability while reducing administrative workload. The solution enables providers to focus on patient care while maintaining efficient business operations.

Weave (NYSE: WEAV), a provider of customer experience and payments software for small and medium-sized healthcare businesses, has scheduled its first quarter 2025 financial results announcement. The company will release its Q1 2025 results after U.S. markets close on Monday, May 5, 2025.

Management will host a conference call and webcast at 4:30 p.m. ET to discuss the financial results and provide a business update. Interested participants can join via phone at (412) 902-1020 or toll-free at (877) 502-7186. The live webcast and replay will be available on Weave's investor relations page at investors.getweave.com.

Weave (NYSE: WEAV) has been awarded the TRANSACT Top 10 Payments ISVs Award by the Electronic Transactions Association (ETA) for its innovative payment solutions in healthcare. The platform integrates flexible payment options into communication workflows for small and medium-sized healthcare practices.

A recent Weave-commissioned survey of 1,000 U.S. consumers revealed that 65% of patients prefer healthcare providers offering flexible payment options. In the past 18 months, Weave has enhanced its platform with features including mobile tap-to-pay, scan-to-pay, and ACH direct debit.

The company recently launched Payment Reminders, which converts text-to-pay requests into automated collection campaigns through practice telephone numbers. Weave's solution helps healthcare practices improve revenue cycle management, automate tasks, and streamline payment workflows. The ETA will recognize winners at the TRANSACT conference on April 3, 2025.

Weave (NYSE: WEAV) announced a planned CFO transition, with current CFO Alan Taylor set to retire at the end of Q1 2025. Jason Christiansen, currently Vice President of Finance, will succeed Taylor as CFO. Christiansen, who has been with Weave for four years overseeing financial planning and analysis, played a key role in the company's 2021 IPO and business transformation initiatives.

Christiansen's experience includes developing Weave's payments business strategy and managing technology and business intelligence teams. Before joining Weave, he held senior leadership positions at NICE (NASDAQ: NICE) and inContact, bringing significant SaaS scaling experience. He started his career as a CPA at Deloitte and holds degrees from Idaho State University and Utah State University.

The transition is planned to be seamless, with Taylor supporting the handover process before his retirement.