Revenue Performance - Fourth quarter total revenue reached $54.2 million, representing an 18.6% year-over-year increase from $45.7 million in Q4 2023[5] - Full year total revenue was $204.3 million, up 19.9% year-over-year compared to $170.5 million in 2023[9] - Revenue for Q4 2024 was $54,169,000, representing a 18.8% increase from $45,692,000 in Q4 2023[37] - Total revenue for the year ended December 31, 2024, was $196,106,000, up from $162,715,000 in 2023, marking a growth of 20.5%[43] - Subscription and payment processing revenue increased to $52,126,000 in Q4 2024 from $43,726,000 in Q4 2023, representing a growth of 8.5%[43] Profitability and Loss - Fourth quarter GAAP operating loss improved to $7.4 million, a $0.6 million improvement year-over-year[5] - Full year GAAP operating loss was $31.4 million, an improvement of $3.0 million from the previous year[5] - Net loss for Q4 2024 was $6,711,000, a slight improvement from a net loss of $7,039,000 in Q4 2023[37] - Non-GAAP net income for Q4 2024 was $2,424,000, compared to a loss of $792,000 in Q4 2023, showing a turnaround in profitability[51] - The company reported a GAAP net loss margin of 12.4% for Q4 2024, an improvement from 15.4% in Q4 2023[51] Cash Flow and Assets - Fourth quarter net cash provided by operating activities was $6.7 million, up from $3.7 million in Q4 2023[5] - Full year free cash flow increased to $10.4 million, compared to $6.5 million in 2023[5] - Free cash flow was positive at $6,674,000 for Q4 2024, compared to $3,742,000 in Q4 2023[40] - Free cash flow for Q4 2024 was $6,125,000, compared to $2,935,000 in Q4 2023, indicating a year-over-year increase of 108%[53] - Cash and cash equivalents at the end of Q4 2024 were $51,596,000, compared to $50,756,000 at the end of Q4 2023[39] Customer Growth and Retention - The company added 3,995 net new customer locations in 2024, totaling 34,997 customer locations as of December 31, 2024[9] - The Dollar-Based Net Retention Rate (NRR) was 98% as of December 31, 2024[9] Expenses - Operating expenses for the year ended December 31, 2024, totaled $177,295,000, an increase from $150,457,000 in 2023[37] - Stock-based compensation for the year ended December 31, 2024, amounted to $32,220,000, compared to $22,823,000 in 2023[40] - Research and development expenses increased to $10,760,000 in Q4 2024 from $9,133,000 in Q4 2023, reflecting a focus on innovation[48] Gross Profit and Margins - Gross profit for the year ended December 31, 2024, was $145,882,000, up 25.7% from $116,091,000 in 2023[37] - Gross profit for subscription and payment processing reached $40,723,000 in Q4 2024, up from $33,505,000 in Q4 2023, with a gross margin of 78.1%[43] - Non-GAAP gross profit for Q4 2024 was $39,338,000, compared to $31,830,000 in Q4 2023, reflecting a year-over-year increase of 23.5%[47] - The gross margin for hardware sales improved to (44.6)% in Q4 2024 from (63.6)% in Q4 2023, indicating better cost management[43] Future Projections - The company expects first quarter 2025 total revenue to be between $54.0 million and $55.0 million[10] - Non-GAAP net income for the first quarter of 2025 is projected to be between $(0.7) million and $0.3 million[10]

Core Viewpoint - Weave Communications, Inc. (WEAV) is currently exhibiting strong momentum, with a Momentum Style Score of B, indicating potential for further price appreciation in the near term [2][11]. Price Performance - WEAV shares have increased by 4.27% over the past week, while the Zacks Communication - Network Software industry remained flat during the same period [4]. - Over the last month, WEAV's price change is 14.77%, significantly outperforming the industry's 0.2% [4]. - In the last quarter, WEAV shares have risen by 28.33%, and over the past year, they have gained 36.04%, compared to the S&P 500's increases of 5.41% and 28.01%, respectively [9]. Earnings Outlook - Recent earnings estimate revisions for WEAV show a positive trend, with 4 estimates moving higher and none lower for the full year, raising the consensus estimate from $0.00 to $0.04 in the past 60 days [13]. - For the next fiscal year, 2 estimates have increased while 1 has decreased [13]. Trading Volume - WEAV's average 20-day trading volume is 989,861 shares, which serves as a bullish indicator when combined with rising stock prices [12]. Zacks Rank and Style Score - WEAV holds a Zacks Rank of 2 (Buy), and stocks with this rating and a Momentum Style Score of A or B have historically outperformed the market over the following month [7][11].

Group 1 - The article discusses the services provided by IPO Edge, which includes actionable information on growth stocks, first-look IPO filings, previews on upcoming IPOs, an IPO calendar, a database of U.S. IPOs, and a comprehensive guide to IPO investing [1]

Have you been paying attention to shares of Weave Communications, Inc. (WEAV) ? Shares have been on the move with the stock up 22% over the past month. The stock hit a new 52-week high of $16.16 in the previous session. Weave Communications, Inc. has gained 39.1% since the start of the year compared to the 36.5% move for the Zacks Computer and Technology sector and the 33.3% return for the Zacks Communication - Network Software industry.What's Driving the Outperformance?The stock has an impressive record of ...

DUBAI, United Arab Emirates, Nov. 22, 2024 (GLOBE NEWSWIRE) -- CoreNest Capital, one of the most dynamic emerging players in venture capital, has announced its latest round of investments, backing seven innovative companies: OpenAI, xAI, Weave Robotics, Blaze Money, Domu, Phonely, Andromeda Surgical, and Texture Capital. These strategic investments underscore CoreNest’s commitment to driving transformative growth across AI, robotics, MedTech, and fintech sectors. “Our focus is on backing founders who are re ...

Momentum investing revolves around the idea of following a stock's recent trend in either direction. In the 'long' context, investors will be essentially be "buying high, but hoping to sell even higher." With this methodology, taking advantage of trends in a stock's price is key; once a stock establishes a course, it is more than likely to continue moving that way. The goal is that once a stock heads down a fixed path, it will lead to timely and profitable trades.Even though momentum is a popular stock char ...

Have you been paying attention to shares of Weave Communications, Inc. (WEAV) ? Shares have been on the move with the stock up 7.1% over the past month. The stock hit a new 52-week high of $14.5 in the previous session. Weave Communications, Inc. has gained 23.6% since the start of the year compared to the 31.4% move for the Zacks Computer and Technology sector and the 28.6% return for the Zacks Communication - Network Software industry.What's Driving the Outperformance?The stock has a great record of posit ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION ______________ Washington, D.C. 20549 FORM 10-Q ☑ QUARTERLY REPORT PURSUANT TO SECTION 13 or 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended September 30, 2024 or ☐ TRANSITION REPORT PURSUANT TO SECTION 13 or 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from __________ to __________ Commission File Number: 001-40998 Weave Communications, Inc. (Exact name of registrant as specified in its charter) Delaware ...

Weave Communications, Inc. (WEAV) could be a solid addition to your portfolio given a notable revision in the company's earnings estimates. While the stock has been gaining lately, the trend might continue since its earnings outlook is still improving. The rising trend in estimate revisions, which is a result of growing analyst optimism on the earnings prospects of this company, should get reflected in its stock price. After all, empirical research shows a strong correlation between trends in earnings estim ...

Shares of Weave Communications, Inc. (WEAV) have gained 0.7% over the past four weeks to close the last trading session at $13.19, but there could still be a solid upside left in the stock if short-term price targets of Wall Street analysts are any indication. Going by the price targets, the mean estimate of $16.50 indicates a potential upside of 25.1%. The average comprises seven short-term price targets ranging from a low of $13 to a high of $20, with a standard deviation of $2.29. While the lowest estima ...