Weave Communications Inc
For the period ended Dec 31, 2024. Filed Mar 13, 2025.
View on SEC.govAbout this filing
A company's yearly report to the SEC, with audited financial statements. It is the fullest account a company gives of its business, its finances and the risks it sees.
FY2024 · Filed Mar 13, 2025
WEAV$7.40+0.1%Stored close · as of Oct 23, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
See the whole filing, with its images and exhibitsContents
Item 8. Consolidated statements of cash flows
(in thousands)
| Year Ended December 31, | |||
|---|---|---|---|
| 2024 | 2023 | 2022 | |
| CASH FLOWS FROM OPERATING ACTIVITIES | |||
| Net loss | $(28,346) | $(31,031) | $(49,738) |
| Adjustments to reconcile net loss to net cash provided by (used in) operating activities | |||
| Depreciation and amortization | 11,517 | 12,001 | 12,964 |
| Amortization of operating right-of-use assets | 3,951 | 3,831 | 3,681 |
| Provision for losses on accounts receivable | 1,867 | 1,164 | 729 |
| Amortization of deferred contract costs | 13,418 | 12,171 | 11,120 |
| Loss on disposal of assets | 1 | 16 | 4 |
| Stock-based compensation, net of amount capitalized | 32,220 | 22,823 | 18,752 |
| Net accretion of discounts on short-term investments | (2,134) | (2,668) | (413) |
| Changes in operating assets and liabilities: | |||
| Accounts receivable | (2,099) | (1,379) | (966) |
| Deferred contract costs | (15,304) | (13,313) | (12,343) |
| Prepaid expenses and other assets | 373 | (680) | (93) |
| Accounts payable | 3,116 | 1,323 | (330) |
| Accrued liabilities | (941) | 4,855 | 1,786 |
| Operating lease liabilities | (3,970) | (3,714) | (2,534) |
| Deferred revenue | 480 | 4,822 | 4,615 |
| Net cash provided by (used in) operating activities | 14,149 | 10,221 | (12,766) |
| CASH FLOWS FROM INVESTING ACTIVITIES | |||
| Maturities of short-term investments | 66,438 | 62,150 | — |
| Purchases of short-term investments | (53,771) | (66,199) | (50,915) |
| Proceeds from sale of assets | — | — | 16 |
| Purchases of property and equipment | (2,185) | (1,691) | (1,895) |
| Capitalized internal-use software costs | (1,600) | (1,999) | (1,232) |
| Net cash provided by (used in) investing activities | 8,882 | (7,739) | (54,026) |
| CASH FLOWS FROM FINANCING ACTIVITIES | |||
| Principal payments on line of credit | — | (10,000) | — |
| Principal payments on finance leases | (7,060) | (7,530) | (8,709) |
| Proceeds from stock option exercises | 1,727 | 12,866 | 1,315 |
| Payments for taxes related to net share settlement of equity awards | (18,855) | (10,388) | — |
| Paid offering costs | — | — | (671) |
| Proceeds from the employee stock purchase plan | 1,997 | 1,329 | 858 |
| Net cash used in financing activities | (22,191) | (13,723) | (7,207) |
| NET INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS | 840 | (11,241) | (73,999) |
| CASH AND CASH EQUIVALENTS, BEGINNING OF PERIOD | 50,756 | 61,997 | 135,996 |
| CASH AND CASH EQUIVALENTS, END OF PERIOD | $51,596 | $50,756 | $61,997 |
| SUPPLEMENTAL DISCLOSURE OF CASH FLOW INFORMATION: | |||
| Cash paid during the period for interest | $1,523 | $1,923 | $1,441 |
| Cash paid during the period for income taxes | $189 | $260 | $104 |
| SUPPLEMENTAL DISCLOSURE OF NONCASH INVESTING AND FINANCING ACTIVITIES: | |||
| Equipment purchases financed with accounts payable | $28 | $52 | $13 |
| Finance lease liabilities arising from obtaining finance lease right-of-use assets | $7,395 | $7,183 | $6,655 |
| Operating lease liabilities arising from obtaining operating lease right-of-use assets | $149 | $154 | $309 |
| Unrealized gain (loss) on short-term investments | $(21) | $31 | $12 |
| Stock-based compensation included in capitalized software development costs | $34 | $— | $— |
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.