Welcome to our dedicated page for Weave Communications news (Ticker: WEAV), a resource for investors and traders seeking the latest updates and insights on Weave Communications stock.
Weave Communications, Inc. (Symbol: WEAV) is a trailblazing customer experience and payments software platform specifically designed for small and medium-sized healthcare businesses. By intertwining data, software, and communication platforms, Weave ensures that valuable information is readily accessible and easy to use, enhancing productivity and collaboration.
At its core, Weave aims to revolutionize patient interaction from the very first contact to the final billing process. The platform integrates a wide range of workflows into a unified solution, significantly reducing manual tasks and maximizing patient engagement. This approach democratizes enterprise-level communication tools, simplifying them for small and medium-sized businesses within the healthcare sector.
Weave offers a variety of features to enhance practitioner-patient relationships and optimize practice operations. These include diverse communication channels, appointment scheduling, payment processing, and more. The company operates in a singular segment, with its primary revenue derived from subscription services.
Recent achievements for Weave include advancing its software capabilities to provide even greater insights and improved productivity for its users. The company continues to develop its platform to meet the ever-evolving needs of healthcare providers, ensuring that meaningful information is available precisely when it is most beneficial for decision-making.
Weave (NYSE: WEAV) reported strong Q3 2024 results with total revenue of $52.4 million, up 20.3% year-over-year. The company achieved positive non-GAAP operating income of $1.4 million for the first time in its history. GAAP gross margin improved to 72.0%, while non-GAAP gross margin reached 72.5%. Free cash flow increased to $3.5 million from $2.1 million last year. The company unveiled a new AI-powered platform featuring Weave Assistant and Call Intelligence products. For Q4 2024, Weave expects revenue between $52.6-$53.6 million and non-GAAP operating income of $0.9-$1.9 million.
Weave (NYSE: WEAV) has been selected by Affordable Care, America's largest dental support organization for tooth replacement solutions, as their platform for patient communications, engagement, and payments. The collaboration leverages Weave's AI-powered Enterprise platform to streamline operations and enhance patient experience.
Early implementations have shown higher new patient conversion rates, reduced administrative time, and improved appointment management. The platform's features include Missed Call Texts, Quick Fill scheduling, and Text-to-Pay options, helping practices save hours weekly through automation and digital solutions.
Weave (NYSE: WEAV) has launched an enhanced Email Marketing tool designed for small and medium-sized healthcare businesses. The platform features a new AI-powered assistant and advanced capabilities including customized domain sending, drag-and-drop interface, professional templates, and stock images. Key functionalities include audience segmentation, multi-location campaign management, and real-time performance monitoring. The tool aims to streamline campaign creation and improve email deliverability for healthcare providers with marketing resources.
Weave (NYSE: WEAV) unveiled groundbreaking innovations at its Fall 2024 Showcase, highlighting advancements in patient experience and payments software for small and medium-sized healthcare businesses. Key announcements include:
1. A new Weave platform with an enhanced user interface and integrated AI-powered Assistant
2. Optimized solutions for multi-location practices
3. AI and analytics advancements, including Call Intelligence for actionable insights
4. Enhanced Weave Payments features for improved collection of outstanding balances
5. New strategic partnerships expanding platform capabilities
The showcase demonstrates Weave's commitment to transforming healthcare practice operations, leveraging AI technology, and integrating billing and payments into workflows to support profitable growth.
Weave (NYSE: WEAV) has launched a redesigned platform for healthcare practice management, featuring AI-powered tools and enhanced functionality. The new platform offers:
- An AI Assistant for personalized responses and task automation
- Call Intelligence for actionable insights from call data
- A flexible UI with customizable dashboard and themes
- Seamless multitasking capabilities
- Improved scheduling features
The update aims to streamline operations, improve patient interactions, and accelerate billing cycles. Available across multiple platforms at no additional cost, the new Weave is designed to boost productivity and simplify practice management for small and medium-sized healthcare businesses.
Weave (NYSE: WEAV), a leading all-in-one customer experience software and payments platform for small and medium-sized healthcare businesses, has announced the date for its third quarter 2024 financial results release and conference call. The company will release its financial results after U.S. markets close on Wednesday, October 30, 2024.
Following the release, Weave's management will host a conference call and webcast at 4:30 p.m. ET to discuss the financial results and provide a business update. Interested individuals can join the conference call by dialing (862) 298-0702 or toll-free at (888) 645-4404. A live webcast and replay of the conference call will be accessible from the investor relations page of Weave's website at investors.getweave.com.
Weave (NYSE: WEAV), a leading all-in-one customer experience software and payments platform, has been named to the 2024 Utah 100 list by MountainWest Capital Network (MWCN). This marks the fifth consecutive year Weave has been recognized as one of Utah's fastest-growing companies, placing in the top 25. The Utah 100 Awards program highlights Utah's strong growth and investment across various sectors.
CEO Brett White expressed pride in the recognition, emphasizing Weave's commitment to customer-first solutions and workplace positivity. The ranking is based on a weighted average revenue calculation of percentage and dollar growth over a five-year period through December 2023. Weave's solutions enable healthcare practices to automate tasks, improve data accuracy, streamline payments, and enhance patient communication.
This accolade follows other recent recognitions for Weave, including top rankings in multiple categories in the G2 2024 Fall Report and appearances on lists for great workplaces in the U.S. and India.
Weave (NYSE: WEAV) has announced user-interface (UI) updates specifically designed for veterinary practices. These enhancements, developed based on extensive feedback from veterinary professionals, aim to streamline daily operations and improve experiences for clinic staff and clients. The updates focus on putting pet information at the forefront, making pets the primary profile throughout the Weave platform.
Key improvements include:
- Enhanced pet name visibility in various platform views
- One-click vaccination record sharing with automated messaging options
Weave (NYSE: WEAV) has launched an AI-powered Call Intelligence product for healthcare practices. This innovative solution uses generative AI to analyze call data, enabling practices to:
- Elevate patient experiences
- Boost operational efficiency
- Unlock new revenue streams
Key features include automated call categorization, revenue opportunity identification, and location insights. The product addresses challenges such as call insights and time-consuming manual data analysis. Weave's competitive advantage stems from its decade-long accumulation of call, text, and voicemail data used to train its AI models.
Weave (NYSE: WEAV), a leading all-in-one customer experience software and payments platform, has achieved significant recognition in G2's 2024 Fall Report. The company ranked first in 21 categories and earned 48 badges, including Best Patient Relationship Management and Best Usability for Small Business. This recognition is based on authentic user reviews across various categories.
Weave's recent platform enhancements include Payment Reminders for improved revenue cycle management and an integration with eClinicalWorks, the largest cloud-based EHR software in the U.S. The company's CEO, Brett White, emphasized their commitment to customer-driven innovation and helping healthcare practices grow.
Weave's strong performance in the G2 report follows multiple awards for workplace excellence, business performance, and employee satisfaction, including being named a Great Place to Work in the U.S. and India.
FAQ
What is the current stock price of Weave Communications (WEAV)?
What is the market cap of Weave Communications (WEAV)?
What does Weave Communications, Inc. do?
How does Weave improve practice operations?
What features does Weave offer?
How does Weave support SMBs?
What is the primary source of revenue for Weave?
How does Weave enhance patient-practitioner relationships?
What recent achievements has Weave made?
What is the focus of Weave's current projects?
Why is Weave important for SMB healthcare businesses?
What makes Weave's platform unique?
