Weave Communications Inc Stock Price, News & Analysis

Weave (NYSE: WEAV) reported strong Q2 2024 financial results, with total revenue of $50.6 million, up 21.4% year-over-year. The company achieved significant improvements in gross and operating margins, with GAAP gross margin increasing to 71.4% and non-GAAP gross margin reaching 71.9%. Notably, Weave reported positive adjusted EBITDA for the first time in company history.

Key highlights include:

• Net cash provided by operating activities of $22.7 million
• Free cash flow of $21.2 million
• Dollar-Based Net Retention Rate (NRR) of 97%
• Dollar-Based Gross Retention Rate (GRR) of 92%

Weave also announced new integrations, a partnership with Patterson Dental, and the launch of Weave Enterprise for multi-location practices. The company provided guidance for Q3 and full-year 2024, projecting continued growth.

Weave (NYSE: WEAV), a leading all-in-one experience platform for small and medium-sized healthcare businesses, has announced an integration with eClinicalWorks, the largest cloud-based EHR software in the U.S. This integration aims to streamline communication workflows for healthcare providers. Key benefits include:

1. Improved operational efficiency through automated reminders and Missed Call Text feature.
2. Enhanced patient experience with Call Pop notifications displaying patient information.
3. Increased data accuracy via daily automated contact sync from eClinicalWorks to Weave.

The integration is expected to help healthcare providers focus more on delivering exceptional service and quality of care.

Weave (NYSE: WEAV), a leading all-in-one experience software platform for small and medium-sized healthcare businesses, has announced the date for its second quarter 2024 financial results release and conference call. The company will release its financial results after U.S. markets close on Wednesday, July 31, 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 access the conference call by dialing (412) 902-1020 or toll-free at (877) 502-7186. A live webcast and replay of the conference call will be available on the investor relations page of Weave's website at investors.getweave.com.

Weave (NYSE: WEAV), a leading all-in-one experience platform for small- and medium-sized healthcare practices, has been recognized in G2's 2024 Summer Report. The company ranked first in 27 categories, was featured in 83 reports, and earned 54 badges, including Best Usability and Best Implementation for Small Business. This recognition is based on verified customer reviews and reflects Weave's commitment to customer-centric product development.

Weave recently enhanced its platform with new features such as enterprise experience for multi-location practices and Partner Marketplace. The company also released integrations with DrChrono by EverHealth, Shepherd, InfiniteVT, and ezyVet. CEO Brett White emphasized Weave's focus on helping healthcare providers streamline administrative tasks to focus more on patient care.

Weave (NYSE: WEAV) has introduced the Healthcare Heroes program, a philanthropic initiative aimed at honoring healthcare providers making significant contributions in their communities. The program's first recipient is Sonya Dunbar, MPH, RDH, known as the Geriatric Toothfairy, who received a $5,000 grant. Dunbar co-owns Mobile Dental Xpress, providing essential dental care to underserved senior citizens and military veterans in Jacksonville, Florida, and southeast Georgia. This initiative highlights the impact of dedicated healthcare professionals in addressing gaps in care for marginalized populations.

Weave (NYSE: WEAV) has announced new integration features with Patterson Dental's practice management software solutions, Fuse, Eaglesoft, and Dolphin Management. These integrations facilitate a comprehensive data exchange, enabling the read and write of patient and appointment data, as well as payment collection. Key features include online scheduling, digital forms, and payment writebacks for seamless financial management. The new offerings aim to automate tasks, improve data accuracy, streamline payment workflows, and enhance patient care, thereby assisting dental practices in growing their business.

Weave (NYSE: WEAV) has launched a new platform tailored for multi-location healthcare practices, aimed at improving revenue cycle management and operational efficiency. The platform benefits dental, vision, veterinary, and medical groups through standardized operations, digital form distribution, and unified payment requests. Key features include consolidated communication tools, secure data exchange, comprehensive analytics, and tools to enhance patient acquisition and case acceptance. The platform also offers centralized management and robust support, ensuring smooth integration and usability across all practice locations.

Weave (NYSE: WEAV), a leading experience platform for small- and medium-sized healthcare businesses, has been named to Inc.’s annual Best Workplaces list for 2024.

The list recognizes U.S. companies excelling in creating exceptional workplaces and company cultures, whether physical or virtual. Inc. uses both quantitative and qualitative data for its highly selective rankings. This honor underscores Weave's commitment to fostering a dynamic and supportive work environment.

Chief People Officer Brooke Shreeve highlighted the importance of employee dedication in achieving this recognition. Inc. selected 543 companies based on employee surveys and audits of company benefits, reflecting metrics such as management effectiveness and employee growth.

Weave (NYSE: WEAV), an all-in-one experience platform for small- and medium-sized healthcare practices, announced the appointment of Greg Leos as General Manager of Payments. Leos, with over two decades of experience in fintech and cybersecurity, aims to drive innovation and strategic revenue growth for Weave's Payments product. Previously Chief Revenue Officer at VikingCloud and holding a senior executive role at Fiserv, Leos has a proven track record in revenue leadership. His expertise is expected to advance Weave's mission of revolutionizing healthcare operations and patient care. Weave Payments enable healthcare practices to bill and collect more efficiently through various modern, flexible payment options.