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Erin Goodsell, Chief Legal Officer and Corporate Secretary at Weave Communications , Inc. (NYSE:WEAV), a $860 million market cap company that has seen its stock decline nearly 27% year-to-date despite strong revenue growth of about 20%, recently sold shares of the company’s common stock. According to a recent SEC filing, Goodsell sold 19,917 shares on March 19, 2025, at a price of $11.326 per share. The total value of the transaction was approximately $225,579.
The sale was made to cover taxes due upon the release and settlement of restricted stock units, as noted in the filing. Following this transaction, Goodsell retains ownership of 522,154 shares in the company.
In other recent news, Weave Communications reported its fourth-quarter earnings, which fell short of analyst expectations. The company posted an adjusted loss of $0.09 per share, missing the consensus estimate of a $0.01 profit. However, revenue for the quarter was $54.2 million, slightly surpassing the analyst forecast of $53.23 million and marking an 18.6% year-over-year increase. Looking ahead, Weave Communications expects first-quarter 2025 revenue to range between $54 million and $55 million, aligning with the consensus of $54.737 million. The company’s earnings per share guidance for the same period is notably broad, ranging from -$0.70 to $0.30, compared to analysts’ $0.01 estimate. For the full year 2025, Weave projects earnings per share between $2.00 and $6.00, which contrasts sharply with the consensus of $0.11, while revenue guidance remains in line with expectations at $232-237 million. Despite the earnings miss, the company reported positive free cash flow of $6.1 million for the quarter, up from $2.9 million a year earlier. Additionally, Weave Communications added 3,995 net new customer locations in 2024, reaching a total of 34,997 by year-end, with a dollar-based net retention rate of 98%.
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