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Dec 31, 2021
Weave Q4 2021 Earnings Report
Announced fourth quarter and full year 2021 financial results.
Key Takeaways
Weave Communications reported Q4 2021 total revenue of $31.8 million, up 34% year-over-year and full year total revenue of $115.9 million, up 45% year-over-year.
Total revenue was $31.8 million, representing a 34% year-over-year increase compared to $23.8 million in the fourth quarter of 2020.
GAAP net loss attributable to common stockholders was $14.3 million, or $0.34 per share compared to a GAAP net loss attributable to common stockholders of $9.9 million, or $0.84 per share in the fourth quarter of 2020.
Non-GAAP net loss attributable to common stockholders was $11.0 million, or $0.26 per share compared to a non-GAAP net loss attributable to common stockholders of $7.9 million, or $0.67 per share in the fourth quarter of 2020.
Dollar-Based Net Retention Rate (NRR) was 103% as of December 31, 2021, reflecting ongoing customer acceptance and utilization of our platform.
Revenue by Segment
Forward Guidance
The company expects the following financial results for the three months ending March 31, 2022 and year ending December 31, 2022:
Positive Outlook
- First Quarter Total revenue (in millions) $31.0 - $32.0
- Full Year Total revenue (in millions)$136.0 - $140.0
Challenges Ahead
- First Quarter Non-GAAP loss from operations (in millions) $(12.0) - $(11.0)
- Full Year Non-GAAP loss from operations (in millions) $(40.0) - $(36.0)
- Weighted average share count (in millions)64.7
- Weighted average share count (in millions)66.0
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
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