Weave Communications, Inc.
6.58-0.42 (-6%)
Oct 29, 4:00:02 PM EDT · NYSE · WEAV · USD
Key Stats
Market Cap
506.90MP/E (TTM)
-Basic EPS (TTM)
-0.41Dividend Yield
0%Recent Filings
10-Q
Q2 FY2025 results
Weave Communications posted solid Q2 FY2025 results, with revenue climbing 16% year-over-year to $58.5M, fueled by new customer additions and steady expansion from existing ones, while gross margin edged up to 72% from 71% thanks to a richer mix of high-margin payments revenue. Operating loss narrowed slightly to $10.2M from $9.3M, but net loss held steady at $8.7M, with the gap to operating loss mainly from $9.3M in stock-based compensation. Free cash flow turned positive at $4.5M (derived), supported by $5.4M in operating cash flow minus $1.0M capex. The May 2025 acquisition of Vidurama (TrueLark) closed for $35.8M in cash and stock, adding $29.3M goodwill and $8.0M intangibles amortized over 5-7 years to bolster AI-driven automation. Liquidity remains robust with $44.7M cash, $33.2M short-term investments, and a $50M undrawn revolver under covenants met. Yet competition in SMB healthcare software intensifies, pressuring margins if rivals undercut on pricing.
8-K
Weave Q2 revenue up 15.6%
Weave Communications reported Q2 2025 revenue of $58.5 million, up 15.6% year over year, with GAAP gross margin edging to 71.7% and non-GAAP operating income flipping to $0.1 million. The company closed its TrueLark acquisition, bolstering AI-driven patient engagement for SMB healthcare. Specialty Medical surged as the second-largest vertical. Integration risks could temper benefits.
8-K
Weave appoints tech veteran to board
Weave Communications appointed Adrian McDermott, Zendesk's Chief Technology Officer, as an independent Class I director effective August 1, 2025, to bolster its tech strategy. McDermott, with decades in AI-driven customer service and scaling platforms, will receive pro-rated $60,000 cash retainer and $350,000 in restricted stock units. This move, post-TrueLark acquisition, sharpens Weave's innovation edge in healthcare software. Expertise fuels growth.
8-K
Weave registers TrueLark shares
Weave Communications filed a prospectus supplement on June 4, 2025, registering 981,405 shares of common stock for resale by TrueLark stakeholders, fulfilling obligations from the May 2025 acquisition. This step enables public sales of the shares issued in the merger. Weave must keep the registration effective until shares are sold or Rule 144 applies. Filing underscores post-merger integration commitments.
8-K
Annual meeting elects directors
Weave Communications held its 2025 Annual Meeting on May 21, electing Tyler Newton and David Silverman as Class I directors for three-year terms, with Newton receiving 30.1 million for votes amid 18.6 million withheld, while Silverman garnered 37.2 million for against 11.6 million withheld. Stockholders overwhelmingly ratified PricewaterhouseCoopers as auditors for the fiscal year ending December 31, 2025, with 61.9 million for votes. Votes reflect strong governance support. No other matters arose.
IPO
Website
Employees
Sector
Industry
CCLD
CareCloud, Inc.
3.02-0.02
CMHSF
COMPREHENSIVE HEALTHCARE SYS IN
0.39+0.00
CRVW
Careview Communications, Inc.
0.03+0.00
DH
Definitive Healthcare Corp.
2.77-0.17
EHVVF
Ehave Inc.
0.00+0.00
PHR
Phreesia, Inc.
23.22-0.19
VEEV
Veeva Systems Inc.
286.67-4.68
VSEE
VSee Health, Inc.
1.38+0.32
WAY
Waystar Holding Corp.
39.62+0.13
WHTCF
Well Health Technologies Corp.
3.60-0.14