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Weave Communications, Inc. - WEAV STOCK NEWS

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.

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Weave Communications, Inc. (NYSE: WEAV) will announce its Q1 2022 financial results on May 4, 2022, after U.S. markets close. A conference call is scheduled for 5 p.m. EST to discuss these results along with a business update. Interested parties can join the call using the toll-free numbers provided or through a live webcast available on Weave's investor relations page.

Weave is recognized for its innovative customer communication platform tailored for small and medium businesses, earning accolades such as being listed in the Forbes Cloud 100 and Inc. 5000.

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Weave (NYSE: WEAV) has been named one of Y Combinator’s Top Companies 2022, highlighting its status as a high-growth company valued over $150 million. As the first Utah company to participate in Y Combinator in 2014, Weave has expanded its offerings, helping over 20,000 small businesses enhance customer communication. The company is also experiencing growth with a new headquarters in Silicon Slopes and recruitment efforts in India. Weave has been recognized in prestigious lists such as the Forbes Cloud 100 and Inc. 5000.

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Weave Communications, Inc. (NYSE: WEAV) reported Q4 2021 total revenue of $31.8 million, up 34% year-over-year. Full-year revenue reached $115.9 million, a 45% increase from 2020. Despite revenue growth, the company recorded a GAAP net loss of $14.3 million for Q4, compared to a loss of $9.9 million in the same period last year. The Dollar-Based Net Retention Rate was 103%, indicating strong customer retention. Weave's outlook for Q1 2022 estimates revenue between $31.0 million and $32.0 million, with expected non-GAAP losses ranging from $12.0 million to $11.0 million.

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Weave Communications, Inc. (NYSE: WEAV) will release its fourth quarter and full year 2021 financial results on March 2, 2022, after U.S. market close. A conference call and webcast will occur at 5 p.m. EST to discuss the results and provide a business update. Interested parties can join the call by dialing (646) 828-8193 or (888) 394-8218, using conference ID 5122214. Weave offers an all-in-one customer communication platform for small businesses, enhancing their ability to attract and engage customers.

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Weave (NYSE: WEAV) has secured its largest multi-location customer to date, Dental Care Alliance (DCA), which supports over 370 practices across the U.S. DCA opted for Weave's communication platform after a successful pilot with 19 offices in 2021. DCA's CIO praised Weave for unifying operations and enhancing patient care. Weave’s Unify platform, launched in 2021, aims to address the unique challenges of multi-location businesses. This partnership signifies a pivotal milestone for Weave in expanding its market presence.

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Weave has surpassed $1 billion in payments processed through Weave Payments, an all-in-one platform designed for small businesses. The company highlights enhancements to its payment solutions, including wireless terminals and Text To Pay, enabling quick and contactless transactions. The CEO emphasizes the significance of communication in managing customer interactions. Weave, recognized in the Forbes Cloud 100 and Inc. 5000, aims to grow its payments offerings further, demonstrating a strong commitment to enhancing customer engagement.

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FAQ

What is the current stock price of Weave Communications (WEAV)?

The current stock price of Weave Communications (WEAV) is $13.91 as of November 22, 2024.

What is the market cap of Weave Communications (WEAV)?

The market cap of Weave Communications (WEAV) is approximately 981.0M.

What does Weave Communications, Inc. do?

Weave Communications, Inc. provides a customer experience and payments software platform for small and medium-sized healthcare businesses.

How does Weave improve practice operations?

Weave integrates diverse workflows into a unified solution, reducing manual tasks and maximizing patient engagement.

What features does Weave offer?

Weave offers communication channels, appointment scheduling, payment processing, and more to optimize healthcare practice operations.

How does Weave support SMBs?

Weave democratizes enterprise-level communication tools, making them simple and accessible for small and medium-sized businesses.

What is the primary source of revenue for Weave?

Weave's primary source of revenue is subscription services.

How does Weave enhance patient-practitioner relationships?

Weave's platform maximizes patient engagement by providing efficient communication and streamlined workflows.

What recent achievements has Weave made?

Weave has advanced its software capabilities to provide greater insights and improved productivity for healthcare providers.

What is the focus of Weave's current projects?

Weave focuses on developing its platform to meet the evolving needs of healthcare providers, ensuring valuable information is accessible when needed.

Why is Weave important for SMB healthcare businesses?

Weave simplifies complex workflows and communication processes, helping SMB healthcare businesses improve patient interaction and operation efficiency.

What makes Weave's platform unique?

Weave threads together data, software, and communication platforms into an intuitive and unified solution, specifically tailored for healthcare providers.

Weave Communications, Inc.

NYSE:WEAV

WEAV Rankings

WEAV Stock Data

980.95M
56.41M
2.85%
82.12%
1.3%
Health Information Services
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United States of America
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