Stocks
ETFs
Options
Commodities
Crypto
Currency
Pro Newsletters
Research Tools
Daily Feeds
Calendars
Economic Indicators
Class Actions
Calculators
Education
About Us
Working with TipRanks
Follow Us
Weave Communications, Inc. (WEAV)
:WEAV
RESEARCH TOOLSreports
Holding WEAV?
Track your performance easily
Earnings Data
Report Date
Feb 19, 2025TBA Not Confirmed
Period Ending
2024 (Q4)Consensus EPS Forecast
0.02Last Year’s EPS
-0.01Same Quarter Last Year
Strong Buy
Based on 4 Analysts Ratings
---
Earnings Call Summary
Earnings Call Date:Mar 02, 2022
|% Change Since: 14.21%
|Next Earnings Date:Dec 07, 2021
Earnings Call Sentiment|Positive
The earnings call highlighted significant achievements, including record revenue growth, positive operating income, and successful product launches. However, challenges such as the reliance on integrations and limited focus on expanding into new verticals were noted.Company Guidance
During the Weave Q3 2024 earnings call, the company reported a substantial financial performance with a revenue of $52.4 million, reflecting over 20% year-over-year growth, and a gross margin of 72.5%, marking the 11th consecutive quarter of improvement. Key metrics included a net revenue retention rate of 98%, an increase from the previous quarter, and a gross revenue retention rate of 92%, placing Weave among the top performers in SMB retention. The company achieved a milestone with a positive non-GAAP operating income of $1.4 million, surpassing its guidance by $2.1 million. Weave also reported a net income of $2.1 million or $0.03 per share, a significant improvement from the net loss of $1 million in the previous year. The company's adjusted EBITDA reached $2.2 million, improving the adjusted EBITDA margin to 4%. For the full year 2024, Weave raised its guidance with anticipated total revenue between $202.7 million and $203.7 million and positive non-GAAP operating income.Record Revenue Growth
Q3 revenue reached $52.4 million, marking over 20% year-over-year growth and exceeding the guidance range by $1.2 million.
Positive Non-GAAP Operating Income
Weave reported its first-ever positive non-GAAP operating income of $1.4 million, a $2.1 million beat over the guidance midpoint.
Gross Margin Improvement
Gross margin improved to 72.5%, up over 300 basis points from the previous year, marking the 11th consecutive quarter of gross margin improvement.
New Platform Launch
The New Weave platform, a significant product launch, is now available, providing a robust, scalable technology infrastructure with AI-powered features.
Strong Performance in Specialty Medical
Specialty Medical was the fastest-growing category in Q3, growing at more than twice the rate of overall revenue growth.
Increased Cash Flow
Free cash flow was $3.5 million in Q3, showing a year-over-year growth of 70%.
Enterprise Success with Affordable Care
Affordable Care, a major dental organization, selected Weave for patient engagement and payments, reporting improvements in operational efficiency and revenue capture.
Recognition and Awards
Weave ranked first in 21 G2 categories and was named a leader in patient relationship management, among other accolades.
---
WEAV Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
---
WEAV Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Oct 30, 2024 | $13.79 | $14.02 | +1.67% |
| Jul 31, 2024 | $10.00 | $10.90 | +9.00% |
| May 01, 2024 | $10.93 | $8.65 | -20.86% |
| Feb 21, 2024 | $12.33 | $10.91 | -11.52% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
---
FAQ
When does Weave Communications, Inc. (WEAV) report earnings?
Weave Communications, Inc. (WEAV) is schdueled to report earning on Feb 19, 2025, TBA Not Confirmed.
What is Weave Communications, Inc. (WEAV) earnings time?
Weave Communications, Inc. (WEAV) earnings time is at Feb 19, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is WEAV EPS forecast?
WEAV EPS forecast for the fiscal quarter 2024 (Q4) is 0.02.
---