Weave Communications, Inc. Reports Earnings Results for the Fourth Quarter and Full Year Ended December 31, 2023
February 22, 2024 at 02:35 am IST
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Weave Communications, Inc. reported earnings results for the fourth quarter and full year ended December 31, 2023. For the fourth quarter, the company reported sales was USD 45.69 million compared to USD 37.69 million a year ago. Net loss was USD 7.04 million compared to USD 9.27 million a year ago. Basic loss per share from continuing operations was USD 0.1 compared to USD 0.14 a year ago.
For the full year, sales was USD 170.47 million compared to USD 142.12 million a year ago. Net loss was USD 31.03 million compared to USD 49.74 million a year ago. Basic loss per share from continuing operations was USD 0.46 compared to USD 0.76 a year ago.
Weave Communications, Inc. offers customer communications and engagement software platform for small and medium-sized businesses. The Company's products feature Customized Phone System, Text Messaging, Missed Call Text, Team Chat, Weave Reviews, Weave Email Marketing and Email Assistant, Text Connect and Digital Forms. Its cloud-based software platform streamlines the day-to-day operations of running a small business. It offers an all-in-one platform spanning all forms of communications and customer engagement ranging from answering phones, to scheduling appointments, to sending text reminders, to requesting client reviews, to collecting payments, to sending email marketing campaigns, and to verify insurance. Its customer base consists of dental and optometry service providers as well as various client service small businesses in other industries such as veterinary, optometry, veterinary, physical therapy, home services, audiology, medical specialty services and podiatry.
WEAVE COMMUNICATIONS, INC. 
