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. (NYSE: WEAV) is a customer experience and payments software platform focused on small and medium-sized healthcare businesses. The WEAV news page on Stock Titan aggregates company-issued updates and market-moving announcements so investors can review how Weave describes the evolution of its platform, customer base, and financial performance over time.
Recent Weave news highlights quarterly financial results, where the company reports revenue trends, GAAP and non-GAAP metrics, and commentary on business momentum across specialty medical and other healthcare verticals. These releases also explain how management uses non-GAAP measures such as non-GAAP income from operations, Adjusted EBITDA, and free cash flow to evaluate ongoing performance.
Weave’s news flow also includes product and integration announcements, such as authorized participation in the Henry Schein One API Exchange and integrations with Ortho2’s Edge Cloud and Neo. These updates describe specific communication and engagement features unlocked for dental, orthodontic, and veterinary practices, including automated data sync, appointment reminders, VoIP phone and call pop, missed-call texts, two-way texting, recall and vaccination reminders, and automated review requests.
Investors and analysts following WEAV can also find corporate and governance updates in the news stream, such as leadership appointments to the Board of Directors and the technology organization, as well as recognition from G2, Inc., and workplace award programs. Together, these items provide context on Weave’s positioning in SMB healthcare software, its AI-focused strategy, and how the company presents its progress to the market. Bookmark this page to review new earnings releases, integration partnerships, and other official communications related to Weave Communications, Inc.
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Weave (NYSE: WEAV) has expanded its integration capabilities by partnering with OD Link, a software tailored for optometrists. This marks over 10 integrations, solidifying Weave's position in the optometry sector. The integration provides a suite of communication tools, enhancing patient experience with features like two-way texting, automated appointment reminders, and data synchronization. By offering these tools, Weave aims to improve office efficiency for vision care professionals. CEO Brett White emphasized the need for efficient operations in today's competitive environment.
Weave Communications reported a strong third quarter with total revenue of $36.2 million, marking a 20% year-over-year increase. Subscription and Payments revenue grew by 23%. The company's gross and operating margins improved due to effective strategic initiatives. Despite a GAAP loss from operations of $11.9 million, this was an improvement from the $13.9 million loss in the same period last year. The company expects fourth quarter revenue of $36.0 - $37.0 million with a non-GAAP loss from operations of $(7.5) - $(6.5) million.
Weave has launched a new Phone Reporting Analytics feature aimed at enhancing operational efficiencies for multi-location businesses. This new tool allows office administrators to track key metrics such as missed calls, busiest call times, and new patient call volumes. The feature is available at no additional cost and supports data-driven decision-making across multiple locations. Weave emphasizes its commitment to improving patient experiences and operational effectiveness, reinforcing its status as a leader in customer engagement solutions.
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Weave Communications, Inc. (NYSE: WEAV) will announce its third-quarter financial results on November 2, 2022, after U.S. market close. Management will hold a conference call at 5 p.m. EDT to discuss these results and provide a business update. Weave is recognized for its innovative customer communication platform for small and medium-sized businesses, recently earning accolades from Forbes and G2 in areas such as Patient Engagement. Interested parties can access the call via phone or a live webcast on the company's investor relations page.
Weave announces enhancements to its Online Scheduling tool, aimed at optimizing appointment bookings for small practices. The updated features allow patients to schedule appointments directly from practice websites, enhancing efficiency and business capture. Notably, compatibility with leading management systems like OpenDental and Eaglesoft facilitates seamless appointment integration. Weave's Interim CEO, Brett White, emphasizes the importance of an excellent patient experience. This update follows other product launches this year, showcasing Weave's commitment to improving customer engagement and operational efficiency.
Weave (NYSE: WEAV) has appointed Brett White as its new Chief Executive Officer, succeeding Roy Banks, who resigned in August. White, with over 30 years of experience in tech and SaaS, previously served as President and COO at Weave and was named Interim CEO prior to this appointment. His leadership is expected to drive growth for Weave's customer communication platform, which focuses on enhancing patient experiences in healthcare. White will also continue on the Board of Directors, leveraging his expertise in scaling operations.
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