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), a leading all-in-one customer experience software and payments platform for small and medium-sized healthcare businesses, has announced the date for its third quarter 2024 financial results release and conference call. The company will release its financial results after U.S. markets close on Wednesday, October 30, 2024.
Following the release, Weave's management will host a conference call and webcast at 4:30 p.m. ET to discuss the financial results and provide a business update. Interested individuals can join the conference call by dialing (862) 298-0702 or toll-free at (888) 645-4404. A live webcast and replay of the conference call will be accessible from the investor relations page of Weave's website at investors.getweave.com.
Weave (NYSE: WEAV), a leading all-in-one customer experience software and payments platform, has been named to the 2024 Utah 100 list by MountainWest Capital Network (MWCN). This marks the fifth consecutive year Weave has been recognized as one of Utah's fastest-growing companies, placing in the top 25. The Utah 100 Awards program highlights Utah's strong growth and investment across various sectors.
CEO Brett White expressed pride in the recognition, emphasizing Weave's commitment to customer-first solutions and workplace positivity. The ranking is based on a weighted average revenue calculation of percentage and dollar growth over a five-year period through December 2023. Weave's solutions enable healthcare practices to automate tasks, improve data accuracy, streamline payments, and enhance patient communication.
This accolade follows other recent recognitions for Weave, including top rankings in multiple categories in the G2 2024 Fall Report and appearances on lists for great workplaces in the U.S. and India.
Weave (NYSE: WEAV) has announced user-interface (UI) updates specifically designed for veterinary practices. These enhancements, developed based on extensive feedback from veterinary professionals, aim to streamline daily operations and improve experiences for clinic staff and clients. The updates focus on putting pet information at the forefront, making pets the primary profile throughout the Weave platform.
Key improvements include:
- Enhanced pet name visibility in various platform views
- One-click vaccination record sharing with automated messaging options
Weave (NYSE: WEAV) has launched an AI-powered Call Intelligence product for healthcare practices. This innovative solution uses generative AI to analyze call data, enabling practices to:
- Elevate patient experiences
- Boost operational efficiency
- Unlock new revenue streams
Key features include automated call categorization, revenue opportunity identification, and location insights. The product addresses challenges such as call insights and time-consuming manual data analysis. Weave's competitive advantage stems from its decade-long accumulation of call, text, and voicemail data used to train its AI models.
Weave (NYSE: WEAV), a leading all-in-one customer experience software and payments platform, has achieved significant recognition in G2's 2024 Fall Report. The company ranked first in 21 categories and earned 48 badges, including Best Patient Relationship Management and Best Usability for Small Business. This recognition is based on authentic user reviews across various categories.
Weave's recent platform enhancements include Payment Reminders for improved revenue cycle management and an integration with eClinicalWorks, the largest cloud-based EHR software in the U.S. The company's CEO, Brett White, emphasized their commitment to customer-driven innovation and helping healthcare practices grow.
Weave's strong performance in the G2 report follows multiple awards for workplace excellence, business performance, and employee satisfaction, including being named a Great Place to Work in the U.S. and India.
Weave (NYSE: WEAV), a leading all-in-one customer experience software and payments platform, has been certified as a Great Place to Work in the U.S. for the sixth consecutive year and in India. The certification is based on employee feedback, with 83% of U.S. employees and 94% of Indian employees agreeing that Weave is a great place to work. This significantly surpasses the average ratings for typical companies in both regions.
Weave's culture emphasizes a people-first approach, promoting professional growth and authenticity. The company provides tools for small- and medium-sized healthcare practices to enhance patient experiences. Weave has also received recognition from Utah Business Fast 50, Women Tech Council 2024 Shatter List, and Inc. Best Workplaces 2024, demonstrating its commitment to creating a supportive and dynamic work environment.
Weave (NYSE: WEAV) has introduced Payment Reminders, a new feature enhancing its payment product suite for small and medium-sized healthcare practices. This automation tool turns each Weave payment invoice or Text to Pay request into a 'set-it-and-forget-it' collection campaign, improving revenue cycle management with less effort.
The feature aligns with patient preferences, as 63% of patients prefer text payment options. Weave Payments offers a comprehensive processing solution, including text payment requests, credit card and ACH Direct Debit acceptance, online and in-person payment options, and flexible payment plans. All requests are sent from the practice's phone number, ensuring patient trust.
Weave (NYSE: WEAV), a leading all-in-one customer experience software and payments platform, has been named to the Utah Business Fast 50 list for the sixth consecutive year. This recognition highlights Weave's excellent performance and significant contribution to Utah's economy. The Fast 50 List selection is based on a combination of revenue growth and total revenue.
Weave's mission focuses on enhancing healthcare experiences for practices, patients, and interactions. Their solutions help healthcare providers optimize operations, manage payments, and drive growth through improved patient communication and engagement. CEO Brett White expressed excitement about the recognition, emphasizing the company's commitment to customer-first solutions.
This accolade follows other recent achievements, including top rankings in G2's 2024 Summer Report and winning a fourth consecutive Dental Product Shopper Readers' Choice Award for Patient Communication and Dental Analytic software.
Weave (NYSE: WEAV) has won its fourth consecutive Dental Product Shopper Readers' Choice Award for Patient Communication software and Dental Analytic software. This recognition comes from dental professionals across the United States who vote for products and services that enhance dental practices.
Weave's all-in-one customer experience software and payments platform offers customizable solutions for dental practices, including:
- Two-way texting
- VoIP
- Reviews management
- Analytics for process improvement
Branden Neish, Chief Product and Technology Officer at Weave, expressed pride in the company's ability to create a platform that businesses can tailor to their specific needs and those of their patients. This award adds to Weave's recent accolades, including being named a leader in G2's 2024 Summer Report.
Weave (NYSE: WEAV) reported strong Q2 2024 financial results, with total revenue of $50.6 million, up 21.4% year-over-year. The company achieved significant improvements in gross and operating margins, with GAAP gross margin increasing to 71.4% and non-GAAP gross margin reaching 71.9%. Notably, Weave reported positive adjusted EBITDA for the first time in company history.
Key highlights include:
- Net cash provided by operating activities of $22.7 million
- Free cash flow of $21.2 million
- Dollar-Based Net Retention Rate (NRR) of 97%
- Dollar-Based Gross Retention Rate (GRR) of 92%
Weave also announced new integrations, a partnership with Patterson Dental, and the launch of Weave Enterprise for multi-location practices. The company provided guidance for Q3 and full-year 2024, projecting continued growth.