Weave Communications Inc Stock Price, News & Analysis

Weave Communications, Inc. (NYSE: WEAV) will announce its Q1 2022 financial results on May 4, 2022, after U.S. markets close. A conference call is scheduled for 5 p.m. EST to discuss these results along with a business update. Interested parties can join the call using the toll-free numbers provided or through a live webcast available on Weave's investor relations page.

Weave is recognized for its innovative customer communication platform tailored for small and medium businesses, earning accolades such as being listed in the Forbes Cloud 100 and Inc. 5000.

Weave (NYSE: WEAV) has been named one of Y Combinator’s Top Companies 2022, highlighting its status as a high-growth company valued over $150 million. As the first Utah company to participate in Y Combinator in 2014, Weave has expanded its offerings, helping over 20,000 small businesses enhance customer communication. The company is also experiencing growth with a new headquarters in Silicon Slopes and recruitment efforts in India. Weave has been recognized in prestigious lists such as the Forbes Cloud 100 and Inc. 5000.

Weave Communications, Inc. (NYSE: WEAV) reported Q4 2021 total revenue of $31.8 million, up 34% year-over-year. Full-year revenue reached $115.9 million, a 45% increase from 2020. Despite revenue growth, the company recorded a GAAP net loss of $14.3 million for Q4, compared to a loss of $9.9 million in the same period last year. The Dollar-Based Net Retention Rate was 103%, indicating strong customer retention. Weave's outlook for Q1 2022 estimates revenue between $31.0 million and $32.0 million, with expected non-GAAP losses ranging from $12.0 million to $11.0 million.

Weave Communications, Inc. (NYSE: WEAV) will release its fourth quarter and full year 2021 financial results on March 2, 2022, after U.S. market close. A conference call and webcast will occur at 5 p.m. EST to discuss the results and provide a business update. Interested parties can join the call by dialing (646) 828-8193 or (888) 394-8218, using conference ID 5122214. Weave offers an all-in-one customer communication platform for small businesses, enhancing their ability to attract and engage customers.

Weave (NYSE: WEAV) has secured its largest multi-location customer to date, Dental Care Alliance (DCA), which supports over 370 practices across the U.S. DCA opted for Weave's communication platform after a successful pilot with 19 offices in 2021. DCA's CIO praised Weave for unifying operations and enhancing patient care. Weave’s Unify platform, launched in 2021, aims to address the unique challenges of multi-location businesses. This partnership signifies a pivotal milestone for Weave in expanding its market presence.

Weave has surpassed $1 billion in payments processed through Weave Payments, an all-in-one platform designed for small businesses. The company highlights enhancements to its payment solutions, including wireless terminals and Text To Pay, enabling quick and contactless transactions. The CEO emphasizes the significance of communication in managing customer interactions. Weave, recognized in the Forbes Cloud 100 and Inc. 5000, aims to grow its payments offerings further, demonstrating a strong commitment to enhancing customer engagement.