NYSE$WEAV
Weave Communications Inc · Q2 2022 earnings
Q2 2022 earnings · · Investor relations
Briefing
Weave reported Q2 2022 financial results, with a 24% year-over-year increase in total revenue.
Weave Communications announced its Q2 2022 financial results, showcasing a 24% year-over-year increase in total revenue, reaching $34.9 million. Despite revenue growth, the company reported a GAAP loss from operations of $14.6 million and a GAAP net loss attributable to common stockholders of $14.8 million, or $0.23 per share. The company's Dollar-Based Net Retention Rate was 102% and Dollar-Based Gross Retention Rate was 94%.
- Total revenue reached $34.9 million, a 24% increase year-over-year.
- Subscription and Payments revenue grew by 28% year-over-year.
- GAAP loss from operations was $14.6 million.
- Dollar-Based Net Retention Rate (NRR) was 102%.
Headline financials
Revenue & EPS history
Weave · Revenue · Quarterly
$34.9M
Revenue by segment
Weave · $34.9M total across 3 segments · Q2 2022
- Subscription and payment processing$33.5M+27.8%96.0%
- Phone Hardware$1.07M+35.1%3.1%
- Onboarding$319K-69.1%0.9%
Forward guidance
The company expects total revenue between $35.0 million and $36.0 million for the third quarter of 2022 and between $141.0 million and $143.0 million for the full year 2022. The company expects Non-GAAP loss from operations between $(9.5) million and $(8.5) million for the third quarter and between $(38.0) million and $(36.0) million for the full year 2022.
Tailwinds
- Third quarter total revenue is expected to be between $35.0 million and $36.0 million.
- Full year total revenue is expected to be between $141.0 million and $143.0 million.
Headwinds
- Third quarter Non-GAAP loss from operations is expected to be between $(9.5) million and $(8.5) million.
- Full year Non-GAAP loss from operations is expected to be between $(38.0) million and $(36.0) million.
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 Q2 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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