Welcome to our dedicated page for Weave Communications news (Ticker: WEAV), a resource for investors and traders seeking the latest updates and insights on Weave Communications stock.
Weave Communications, Inc. (NYSE: WEAV) is a customer experience and payments software platform focused on small and medium-sized healthcare businesses. The WEAV news page on Stock Titan aggregates company-issued updates and market-moving announcements so investors can review how Weave describes the evolution of its platform, customer base, and financial performance over time.
Recent Weave news highlights quarterly financial results, where the company reports revenue trends, GAAP and non-GAAP metrics, and commentary on business momentum across specialty medical and other healthcare verticals. These releases also explain how management uses non-GAAP measures such as non-GAAP income from operations, Adjusted EBITDA, and free cash flow to evaluate ongoing performance.
Weave’s news flow also includes product and integration announcements, such as authorized participation in the Henry Schein One API Exchange and integrations with Ortho2’s Edge Cloud and Neo. These updates describe specific communication and engagement features unlocked for dental, orthodontic, and veterinary practices, including automated data sync, appointment reminders, VoIP phone and call pop, missed-call texts, two-way texting, recall and vaccination reminders, and automated review requests.
Investors and analysts following WEAV can also find corporate and governance updates in the news stream, such as leadership appointments to the Board of Directors and the technology organization, as well as recognition from G2, Inc., and workplace award programs. Together, these items provide context on Weave’s positioning in SMB healthcare software, its AI-focused strategy, and how the company presents its progress to the market. Bookmark this page to review new earnings releases, integration partnerships, and other official communications related to Weave Communications, Inc.
Weave (NYSE: WEAV) has announced a strategic partnership with Provet Cloud by Nordhealth, integrating their platforms to enhance veterinary practice management. This collaboration responds to the growing demand for pet care, with pet ownership in the U.S. rising to 70%. The partnership aims to streamline operations for veterinary professionals while increasing revenue and improving customer engagement. Weave Plus will allow automated task management, appointment scheduling, and communication features to enhance service efficiency and business growth in the North American market.
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Weave (NYSE: WEAV) has been named a finalist for the SIIA CODiE Awards in the Best Healthcare Technology Solution category, highlighting its innovative customer communication platform designed for small healthcare practices. The announcement precedes the announcement of category winners on June 8, 2022. Weave’s offerings include automated review requests, customized messaging, and a mobile calendar, aimed at improving patient engagement and operational efficiency. The company has also garnered multiple industry accolades, positioning itself as a leader in healthcare technology.
Weave has been named among the 100 Fastest-Growing Veteran-Owned Businesses by Syracuse University’s Institute for Veterans and Military Families in partnership with Inc. Magazine. The ranking highlights Weave's rapid growth under the leadership of CEO Roy Banks, a proud U.S. Navy veteran. Since Banks took over in December 2020, Weave has seen significant achievements, including its IPO on Veteran’s Day 2021. The company is recognized for its innovative customer communication platform, fostering a people-first culture, and being listed in elite programs such as the Forbes Cloud 100.
Weave Communications, Inc. (NYSE: WEAV) reported a total revenue of $33.3 million for Q1 2022, marking a 30% year-over-year increase from $25.7 million in Q1 2021. Despite the revenue growth, the GAAP loss from operations widened to $13.5 million compared to $8.7 million a year prior. Non-GAAP loss from operations also increased to $10.1 million. The company anticipates Q2 2022 revenue to be between $33.0 - $34.0 million and a full-year revenue forecast of $139.0 - $142.0 million. Leadership changes include the appointment of Brett White as President & COO and Brendan Neish as CPO.
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Weave (NYSE: WEAV) announces a milestone in its channel partnership program, signing its 250th partner less than a year after launch. The program has significantly enhanced Weave's reputation among Managed Service Providers (MSPs) serving small and medium-sized businesses in the healthcare sector. This growth reflects the potential of Weave's customer communication platform to empower MSPs and improve operational efficiency for their clients. Noteworthy partners include TCG and iTelecom, showcasing Weave's expanding influence.
Weave (NYSE: WEAV) has partnered with Provet Cloud to enhance veterinary practice communications across North America. This unique integration aims to streamline services for veterinary professionals, enhancing customer engagement and operational efficiency. Key features include automated reminders, customized messaging, and real-time data synchronization. Weave CEO Roy Banks emphasized the partnership's potential for significant growth, while Nordhealth's Chris Lutz highlighted its innovative benefits for client interactions.
Weave (NYSE: WEAV) announces key leadership changes aimed at enhancing operational execution and driving growth. Brett White, former COO and CFO of Mindbody, is appointed President and COO effective April 25. He will continue as a Board member. Branden Neish joins as Chief Product Officer on April 26, bringing extensive product innovation experience from companies like Progressive Leasing and Ancestry.com. Current COO Marty Smuin will transition to an advisory position, while Chief Legal Officer Wendy Harper departs for a new opportunity. These changes are expected to bolster Weave's market presence and product innovation.
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