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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.
Access real-time information on earnings reports, product enhancements, leadership changes, and partnership agreements. Investors gain insights into subscription growth trends while healthcare professionals discover tools improving patient engagement and administrative efficiency.
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Weave Communications reported a strong third quarter with total revenue of $36.2 million, marking a 20% year-over-year increase. Subscription and Payments revenue grew by 23%. The company's gross and operating margins improved due to effective strategic initiatives. Despite a GAAP loss from operations of $11.9 million, this was an improvement from the $13.9 million loss in the same period last year. The company expects fourth quarter revenue of $36.0 - $37.0 million with a non-GAAP loss from operations of $(7.5) - $(6.5) million.
Weave has launched a new Phone Reporting Analytics feature aimed at enhancing operational efficiencies for multi-location businesses. This new tool allows office administrators to track key metrics such as missed calls, busiest call times, and new patient call volumes. The feature is available at no additional cost and supports data-driven decision-making across multiple locations. Weave emphasizes its commitment to improving patient experiences and operational effectiveness, reinforcing its status as a leader in customer engagement solutions.
Weave Communications, Inc. (NYSE: WEAV) will announce its third-quarter financial results on November 2, 2022, after U.S. market close. Management will hold a conference call at 5 p.m. EDT to discuss these results and provide a business update. Weave is recognized for its innovative customer communication platform for small and medium-sized businesses, recently earning accolades from Forbes and G2 in areas such as Patient Engagement. Interested parties can access the call via phone or a live webcast on the company's investor relations page.
Weave announces enhancements to its Online Scheduling tool, aimed at optimizing appointment bookings for small practices. The updated features allow patients to schedule appointments directly from practice websites, enhancing efficiency and business capture. Notably, compatibility with leading management systems like OpenDental and Eaglesoft facilitates seamless appointment integration. Weave's Interim CEO, Brett White, emphasizes the importance of an excellent patient experience. This update follows other product launches this year, showcasing Weave's commitment to improving customer engagement and operational efficiency.
Weave (NYSE: WEAV) has appointed Brett White as its new Chief Executive Officer, succeeding Roy Banks, who resigned in August. White, with over 30 years of experience in tech and SaaS, previously served as President and COO at Weave and was named Interim CEO prior to this appointment. His leadership is expected to drive growth for Weave's customer communication platform, which focuses on enhancing patient experiences in healthcare. White will also continue on the Board of Directors, leveraging his expertise in scaling operations.
Weave announces its inaugural User Conference, Weave Connect, on October 26, 2022, aimed at helping small and medium-sized businesses grow and improve communication. The virtual event will feature workshops, breakout sessions, and access to on-demand resources, including case studies and ebooks, at no cost for over 130,000 users.
Key leaders will share insights on new solutions like Insurance Verification and Online Scheduling, enhancing user experience.
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