WEAV Q1 2023 Earnings — Weave Communications, Inc. Revenue & Financial Results | Market Cap Arena

WEAVWeave Communications, Inc.

$389M

Q1 2023 Earnings

Technology Software - Application

Income Statement

Revenue

$40M+18.9% YoY

Gross Profit

$27M67.1% margin

Operating Income

-$9M-21.5% margin

Net Income

-$8M-19.9% margin

EPS (Diluted)

$-0.12

QoQ Revenue Growth

+5.0%

Cash Flow

Operating Cash Flow

$2M

Free Cash Flow

$587,000

Stock-Based Comp.

$5M

Balance Sheet

Total Assets

$206M

Total Liabilities

$126M

Stockholders' Equity

$80M

Cash & Equivalents

$56M

Year-over-Year Comparison

Metric	Current	Year Ago	Change
Revenue	$40M	$33M	+18.9%
Gross Profit	$27M	$20M	+35.9%
Operating Income	-$9M	-$14M	+36.9%
Net Income	-$8M	-$14M	+43.2%

Revenue Segments

Subscription And Payment Processing

$38M98%

Onboarding

$784,0002%