WEAV Q1 2024 Earnings — Weave Communications, Inc. Revenue & Financial Results | Market Cap Arena

WEAVWeave Communications, Inc.

$389M

Q1 2024 Earnings

Technology Software - Application

Income Statement

Revenue

$47M+19.2% YoY

Gross Profit

$33M69.9% margin

Operating Income

-$8M-17.3% margin

Net Income

-$7M-15.3% margin

EPS (Diluted)

$-0.10

QoQ Revenue Growth

+3.2%

Cash Flow

Operating Cash Flow

-$20M

Free Cash Flow

-$21M

Stock-Based Comp.

$7M

Balance Sheet

Total Assets

$190M

Total Liabilities

$117M

Stockholders' Equity

$73M

Cash & Equivalents

$31M

Year-over-Year Comparison

Metric	Current	Year Ago	Change
Revenue	$47M	$40M	+19.2%
Gross Profit	$33M	$27M	+24.3%
Operating Income	-$8M	-$9M	+4.3%
Net Income	-$7M	-$8M	+8.3%

Revenue Segments

Subscription And Payment Processing

$45M98%

Onboarding

$960,0002%