Weave Communications, Inc. [Rocket]

Overview

Weave Communications, Inc.

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Recent News + Filings (All items)

Date Filed	Type	Description
10/13/2023	4	Form 4 - Statement of changes in beneficial ownership of securities:
10/04/2023	4	Hyde Matthew C. (Chief Revenue Officer) has filed a Form 4 on Weave Communications, Inc.
10/02/2023	144	Form 144 - Report of proposed sale of securities:
08/23/2023	4	Newton Tyler (10% Owner) has filed a Form 4 on Weave Communications, Inc.
08/23/2023	4	Catalyst Investors Partners IV, L.P. (10% Owner) has filed a Form 4 on Weave Communications, Inc.
08/16/2023	4/A	Hyde Matthew C. (Chief Revenue Officer) has filed a Form 4 on Weave Communications, Inc.
08/16/2023	4	WHITE BRETT T (CEO) has filed a Form 4 on Weave Communications, Inc.

Revenue Mix by Segment

Financial Summary (All financials)

In millions, except per share items	Dec-31-22	Dec-31-21	Dec-31-20	Dec-31-19
Revenues	142.1	115.9	79.9	45.7
Revenue growth	22.7%	45.0%	74.7%
Cost of goods sold	53.3	49.4	34.4	18.5
Gross profit	88.8	66.5	45.4	27.2
Gross margin	62.5%	57.4%	56.9%	59.5%
Sales and marketing	65.4	58.2	39.3	31.7
Research and development	30.7	27.0	20.0	14.4
General and administrative	42.5	31.6	25.8	13.0
EBIT	-49.7	-50.4	-39.6	-31.9
EBIT margin	-35.0%	-43.5%	-49.5%	-69.8%
Pre-tax income	-49.7	-51.7	-40.4	-32.1
Income taxes	-0.1	-0.1	0.0	0.0
Tax rate	0.2%	0.1%	0.0%	0.0%
Net income	-49.7	-53.7	-42.5	-34.0
Net margin	-35.0%	-46.3%	-53.3%	-74.4%

Diluted EPS	($0.76)	($2.60)	($3.75)	($3.30)
Shares outstanding (diluted)	65.1	20.6	11.4	10.3

EBIT is a non-GAAP figure that excludes all non-recurring expenses: restructuring costs, asset impairments, IPR&D writeoffs, and other unusual charges.