Weave Communications Inc
For the period ended Dec 31, 2023. Filed Mar 13, 2024.
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FY2023 · Filed Mar 13, 2024
WEAV$7.40+0.1%Stored close · as of Oct 23, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
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Consolidated statements of operations
(in thousands, except share and per share data)
| Year Ended December 31, | |||
|---|---|---|---|
| 2023 | 2022 | 2021 | |
| Revenue | $170,468 | $142,117 | $115,871 |
| Cost of revenue | 54,377 | 53,276 | 49,372 |
| Gross profit | 116,091 | 88,841 | 66,499 |
| Operating expenses: | |||
| Sales and marketing | 70,765 | 65,378 | 58,244 |
| Research and development | 34,040 | 30,714 | 27,009 |
| General and administrative | 45,652 | 42,453 | 31,637 |
| Total operating expenses | 150,457 | 138,545 | 116,890 |
| Loss from operations | (34,366) | (49,704) | (50,391) |
| Other income (expense): | |||
| Interest income | 2,196 | 1,155 | — |
| Interest expense | (1,923) | (1,441) | (1,184) |
| Other income (expense), net | 3,322 | 356 | (55) |
| Loss before income taxes | (30,771) | (49,634) | (51,630) |
| Provision for income taxes | (260) | (104) | (60) |
| Net loss | $(31,031) | $(49,738) | $(51,690) |
| Less: cumulative dividends on redeemable convertible preferred stock | — | — | (1,961) |
| Net loss attributable to common stockholders | $(31,031) | $(49,738) | $(53,651) |
| Net loss per share attributable to common stockholders - basic and diluted | $(0.46) | $(0.76) | $(2.60) |
| Weighted-average common shares outstanding - basic and diluted | 67,694,978 | 65,083,198 | 20,636,583 |
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