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Weave Communications Inc (WEAV) delivers integrated customer experience and payment solutions for healthcare providers, streamlining practice operations through unified communication tools. This page serves as the definitive source for verified company announcements, financial updates, and strategic developments.
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Weave Communications, Inc. (NYSE: WEAV) reported impressive financial results for Q4 and the full year of 2022. Q4 total revenue reached $37.7 million, an 18% increase year-over-year, while full-year revenue was $142.1 million, up 23% from 2021. The company significantly improved its gross and operating margins. Although it reported a GAAP net loss of $9.3 million in Q4, this was an improvement from $14.3 million in the same quarter last year. For 2023, Weave anticipates total revenue between $156.0 million and $160.0 million.
Weave (NYSE: WEAV) has announced a new integration with Dolphin Cloud, enhancing its patient engagement software for dental offices. This partnership aims to streamline operations amid staffing shortages by automating key tasks like appointment reminders. Weave states that automated reminders can save dental offices up to three hours weekly. The integration includes features such as Call Pop, Customer Profile, and customizable reminders. Weave has received industry recognition, being named a leader in patient engagement software, further solidifying its position in the market.
Weave (NYSE: WEAV) has been recognized in G2’s 2023 Best Software Awards as one of the 50 Best Products for Small Business. This accolade is based on verified customer reviews, showcasing Weave's strong market presence alongside competitors like Hubspot and Asana. The platform enhances customer interactions through features such as missed-call texts and online scheduling, aiding small businesses in attracting and retaining clients. Weave's recent accolades include winning a Dentaltown Townie Award and being named Best SMB CRM Solution at the Martech Breakthrough Awards. The company continues to position itself as a leader in customer communications.
Weave (NYSE: WEAV) has significantly enhanced operations for Advanced Foot and Ankle Center, a leading podiatry provider in Utah, through its Weave Unify platform. The center has seen a remarkable increase in Google reviews, totaling over 1,900 with an impressive 4.9/5 star rating, thanks to automated text messages that solicit feedback post-appointment. This has solidified its reputation, driving patient growth and effectively increasing visibility against competitors. CEO Brett White emphasized Weave's commitment to supporting multi-location healthcare practices for improved patient engagement and streamlined operations.
Weave Communications (NYSE: WEAV) will release its financial results for Q4 and the full year 2022 after U.S. market close on February 22, 2023. Management will host a conference call and webcast at 5 p.m. EST to discuss the results and provide a business update. Interested participants can join the call by dialing (412) 902-1020 or (877) 502-7186 and using conference ID 13735741. The live webcast will be available on the investor relations page of Weave's website.
Weave is recognized for its excellence in customer engagement solutions, having earned accolades such as Forbes Cloud 100 and a Certified Great Place to Work.
Weave (NYSE: WEAV) released the 2023 Healthcare Business Insights Report, highlighting challenges in patient experience amid inflation and recession fears. Key findings show that 51% of healthcare practices increased prices recently, with 49% planning further hikes in 2023. Patient anxiety before appointments stands at 53%, and 62% feel unheard during visits. Providers recognize rising patient expectations, with 40% citing demanding patients as a major inconvenience. Notably, 46% of offices haven't updated their technology in over two years, despite 98% of providers linking technology to enhanced patient experiences.
Weave (NYSE: WEAV) has been recognized as a leader in Veterinary Practice Management software according to G2’s 2023 Winter Report. The company announced new software integrations with Provet Cloud, Vetter, and Patterson Veterinary’s NaVetor, enhancing its offerings to veterinary clinics. Weave leads in six software categories based on customer reviews, including Patient Engagement Software and HIPAA Compliant Texting. The firm has also received accolades such as the Dentaltown Townie Choice Award and EyeVote Readers’ Choice Award for its solutions in 2022.
Weave (NYSE: WEAV) has announced a new integration with NaVetor, enhancing communication for veterinary practices. This partnership, facilitated by Patterson Veterinary, aims to improve efficiency in client interactions, crucial for busy veterinary offices. Key features include real-time syncing of client data, text preference management, and appointment confirmation abilities. Weave's platform is recognized for modernizing customer engagement in small and medium-sized businesses, as evidenced by numerous accolades, including membership in the Forbes Cloud 100.