Loading...
•
Mar 31, 2022
Weave Q1 2022 Earnings Report
Reported a 30% increase in total revenue year-over-year and announced key appointments.
Key Takeaways
Weave Communications announced its Q1 2022 financial results, highlighted by a 30% year-over-year increase in total revenue to $33.3 million. The company also reported a GAAP net loss of $13.8 million, or $0.21 per share, and a non-GAAP net loss of $10.4 million, or $0.16 per share. Key business highlights included the appointment of Brett White as President & COO and Brendan Neish as CPO.
Total revenue for Q1 2022 was $33.3 million, up 30% year-over-year.
GAAP net loss was $13.8 million, or $0.21 per share.
Non-GAAP net loss was $10.4 million, or $0.16 per share.
Dollar-Based Net Retention Rate (NRR) was 103% as of March 31, 2022.
Revenue by Segment
Forward Guidance
The company expects total revenue between $33.0 million and $34.0 million for the second quarter of 2022 and between $139.0 million and $142.0 million for the full year 2022. The company expects non-GAAP loss from operations between $(11.0) million and $(10.0) million for the second quarter and between $(40.0) million and $(36.0) million for the full year.
Positive Outlook
- Second quarter total revenue is expected to be between $33.0 million and $34.0 million.
- Full year total revenue is expected to be between $139.0 million and $142.0 million.
- Second quarter weighted average share count is expected to be 65.1 million.
- Full year weighted average share count is expected to be 66.0 million.
Challenges Ahead
- Second quarter non-GAAP loss from operations is expected to be between $(11.0) million and $(10.0) million.
- Full year non-GAAP loss from operations is expected to be between $(40.0) million and $(36.0) million.
- Stock-based compensation expense impacts GAAP financial results.
Revenue & Expenses
Visualization of income flow from segment revenue to net income
Historical Earnings Impact
Analyze how earnings announcements historically affect stock price performance
Avg. Return Before/After Earnings
Loading earnings performance data...
Loading earnings reaction data...