WEAV Q2 2023 Earnings — Weave Communications, Inc. Revenue & Financial Results | Market Cap Arena

WEAVWeave Communications, Inc.

$389M

Q2 2023 Earnings

Technology Software - Application

Income Statement

Revenue

$42M+19.3% YoY

Gross Profit

$28M67.3% margin

Operating Income

-$10M-23.6% margin

Net Income

-$9M-21.6% margin

EPS (Diluted)

$-0.13

QoQ Revenue Growth

+5.3%

Cash Flow

Operating Cash Flow

$2M

Free Cash Flow

$929,000

Stock-Based Comp.

$6M

Balance Sheet

Total Assets

$203M

Total Liabilities

$127M

Stockholders' Equity

$75M

Cash & Equivalents

$52M

Year-over-Year Comparison

Metric	Current	Year Ago	Change
Revenue	$42M	$35M	+19.3%
Gross Profit	$28M	$21M	+32.4%
Operating Income	-$10M	-$15M	+32.6%
Net Income	-$9M	-$15M	+39.3%

Revenue Segments

Subscription And Payment Processing

$40M98%

Onboarding

$867,0002%