Gold prices steady ahead of Fed decision; weekly weakness noted
NEW YORK - Weave Communications Inc. (NYSE:WEAV) reported fourth-quarter earnings that fell short of analyst expectations, sending its shares down 7.3% in after-hours trading.
The customer communications platform provider posted a Q4 adjusted loss of $0.09 per share, missing the consensus estimate of $0.01 profit. Revenue for the quarter came in at $54.2 million, slightly above the analyst forecast of $53.23 million and up 18.6% YoY.
For the first quarter of 2025, Weave Communications expects revenue between $54-55 million, in line with the consensus of $54.737 million. The company sees non-GAAP income (loss) from operations of $(0.70) to $0.30 million.
For the full-year 2025, the company sees revenue of $232-237 million which is in-line compared to expectations of $235.7 million. They see non-GAAP income (loss) from operations for there full year of $2-$6 million.
"We’re pleased with our strong revenue growth and improved profitability in 2024," said Brett White, CEO of Weave. "Our focus on integrations and enhancing our platform’s value continues to drive customer acquisition and retention."
The company added 3,995 net new customer locations in 2024, bringing its total to 34,997 as of December 31. Weave’s dollar-based net retention rate stood at 98% at year-end.
Despite the earnings miss, Weave Communications reported positive free cash flow of $6.1 million for Q4, up from $2.9 million in the same period last year.
This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.