Loading...
•
Sep 30, 2022
Weave Q3 2022 Earnings Report
Improved business efficiency and go-to-market execution, resulting in favorable revenue and operating margins.
Key Takeaways
Weave Communications announced its Q3 2022 financial results, reporting a total revenue of $36.2 million, up 20% year-over-year. The company showed improvement in gross and operating margins year-over-year, driven by strategic and operational actions.
Total revenue reached $36.2 million, a 20% increase year-over-year.
GAAP loss from operations improved to $11.9 million, compared to $13.9 million in Q3 2021.
Non-GAAP loss from operations improved to $6.5 million, compared to $9.9 million in Q3 2021.
Dollar-Based Net Retention Rate (NRR) was 101% as of September 30, 2022.
Revenue by Segment
Forward Guidance
The company expects total revenue between $36.0 million and $37.0 million for the fourth quarter and between $140.5 million and $141.5 million for the full year 2022. Non-GAAP loss from operations is expected to be between $(7.5) million and $(6.5) million for the fourth quarter and between $(34.0) million and $(33.0) million for the full year 2022.
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...