NYSE$WEAV
Weave Communications Inc · Q1 2022 earnings
Q1 2022 earnings · · Investor relations
Briefing
Reported a 30% increase in total revenue year-over-year and announced key appointments.
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.
Headline financials
Revenue & EPS history
Weave · Revenue · Quarterly
$33.3M
Revenue by segment
Weave · $33.3M total across 3 segments · Q1 2022
- Subscription and payment processing$32M+33.7%96.0%
- Phone Hardware$1.06M+45.0%3.2%
- Onboarding$262K-74.8%0.8%
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.
Tailwinds
- 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.
Headwinds
- 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.
- Future hiring and retention needs can impact stock-based compensation expense.
- Future fair market value of common stock can impact stock-based compensation expense.
Historical earnings impact
How earnings announcements have historically affected this stock's price.
Avg. return before/after earnings
Based on 20 quarterly earnings reports · overlaid with Q1 2022
-0.9%
Avg return
Earnings day
-3.2%
Avg return
5 days after
-3.3%
Avg return
30 days after
39%
9 / 23 earnings
Positive
+28.0%
Q1 2023
Best reaction
-19.1%
Q1 2024
Worst reaction
| Quarter | Report date | Reaction (Day 0) | +5 days | +30 days |
|---|---|---|---|---|
| Q1 2026 | +0.0% | +22.4% | +22.6% | |
| Q4 2025 | -4.7% | -14.0% | -16.7% | |
| Q3 2025 | -0.6% | -0.9% | -3.0% | |
| Q1 2025 | -11.5% | -2.5% | -9.3% | |
| Q4 2024 | -15.6% | -24.1% | -30.7% | |
| Q3 2024 | +3.9% | -3.6% | +1.3% | |
| Q2 2024 | +6.4% | -0.1% | +10.2% | |
| Q1 2024 | -19.1% | -22.1% | -19.1% | |
| Q4 2023 | -11.9% | +2.9% | -6.0% | |
| Q3 2023 | +18.4% | +15.9% | +37.7% | |
| Q2 2023 | -4.8% | -12.5% | -10.4% | |
| Q1 2023 | +28.0% | +30.4% | +83.5% | |
| Q4 2022 | +10.5% | +1.8% | -2.2% | |
| Q3 2022 | -10.1% | -10.5% | -27.4% | |
| Q2 2021 | +2.2% | -0.8% | +7.8% | |
| Q2 2022 | +7.2% | +0.0% | +16.9% | |
| Q1 2021 | +0.2% | +3.4% | -7.4% | |
| Q1 2022 | +15.0% | -7.2% | +10.0% | |
| Q4 2019 | -2.7% | -5.5% | -20.7% | |
| Q4 2021 | -18.9% | -34.4% | -38.7% | |
| Q4 2020 | -3.7% | -1.6% | -24.0% | |
| Q3 2020 | -3.7% | -1.6% | -24.0% | |
| Q3 2021 | -4.2% | -7.8% | -26.0% | |
| Q2 2020 | — | — | — | |
| Q1 2020 | — | — | — |
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