Weave Communications Inc
For the period ended Jun 30, 2024. Filed Aug 7, 2024.
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A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.
Jun 30, 2024 · Filed Aug 7, 2024
WEAV$7.40+0.1%Stored close · as of Oct 23, 2026
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Condensed Consolidated Statements of Operations
(in thousands, except share and per share data)
| Three Months Ended June 30, | Six Months Ended June 30, | |||
|---|---|---|---|---|
| 2024 | 2023 | 2024 | 2023 | |
| Revenue | $50,586 | $41,667 | $97,759 | $81,232 |
| Cost of revenue | 14,462 | 13,626 | 28,648 | 26,657 |
| Gross profit | 36,124 | 28,041 | 69,111 | 54,575 |
| Operating expenses: | ||||
| Sales and marketing | 21,889 | 17,455 | 41,519 | 34,673 |
| Research and development | 9,958 | 8,585 | 19,603 | 16,279 |
| General and administrative | 13,532 | 11,834 | 25,399 | 21,974 |
| Total operating expenses | 45,379 | 37,874 | 86,521 | 72,926 |
| Loss from operations | (9,255) | (9,833) | (17,410) | (18,351) |
| Other income (expense): | ||||
| Interest income | 432 | 527 | 852 | 963 |
| Interest expense | (399) | (501) | (718) | (973) |
| Other income (expense), net | 721 | 868 | 1,586 | 1,583 |
| Loss before income taxes | (8,501) | (8,939) | (15,690) | (16,778) |
| Provision for income taxes | (52) | (49) | (66) | (69) |
| Net loss | $(8,553) | $(8,988) | $(15,756) | $(16,847) |
| Net loss per share - basic and diluted | $(0.12) | $(0.13) | $(0.22) | $(0.25) |
| Weighted-average common shares outstanding - basic and diluted | 71,291,801 | 66,849,788 | 70,872,372 | 66,404,628 |
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