Weave Communications Inc Stock Price, News & Analysis

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.

Weave has partnered with Vetter to integrate their platforms, aiming to streamline operations for veterinary practices. This integration will enable automatic data syncing, real-time updates for appointments, and personalized messaging features like birthday greetings and review requests. With the ability to track text communication preferences, Vetter users can enhance client relationships while reducing administrative tasks. This collaboration is designed to help veterinarians focus more on patient care and improve overall business efficiency.

Weave, a customer communication platform, has won the Townie Choice Award® for its patient communication software for the second consecutive year. This recognition highlights the company’s innovation in the dental technology sector, contributing to its reputation among dental professionals. The Townie Choice Awards, now in their 16th year, celebrate peer-recommended products and services in dentistry. Weave's CEO, Roy Banks, expressed gratitude for the award, emphasizing the company's commitment to enhancing communication efficiency in dental practices.

Weave (NYSE: WEAV) has appointed Chris Baird as its first Chief Marketing Officer. With over ten years of experience in B2B SaaS marketing, Baird aims to enhance Weave's marketing strategies and brand awareness. He previously held the CMO position at ObservePoint and was involved in marketing at Adobe. This appointment follows Weave's successful IPO, raising $111.6 million and achieving 42% year-over-year growth in Q3 revenue. Baird expressed enthusiasm for expanding Weave's impact on small businesses.

Weave, a customer communication platform, released research revealing significant shifts in communication technology among small businesses. Commissioned in September 2021, the study examined 1,500 U.S. small business leaders and consumers, particularly in healthcare and home services. Key findings include that 33% of clinics spend over $1,000/month on communication tech, with 61% of patients more likely to pay bills if reminded by text. The report highlights the growing demand for digital tools to enhance customer satisfaction and operational efficiency.