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Stock impact report

Weave Announces First Quarter 2024 Financial Results [Yahoo! Finance]

Weave Communications, Inc. (WEAV) 
Company Research Source: Yahoo! Finance
Non GAAP gross margin of 70.4%, up 280 basis points year over year LEHI, Utah, May 01, 2024 BUSINESS WIRE )--Weave (NYSE: WEAV), a leading all-in-one customer experience and payments software platform for small and medium-sized healthcare businesses, today announced its financial results for the first quarter ended March 31, 2024. "Weave delivered another terrific quarter, providing a strong start to the year with solid top-line performance and significant improvements in gross and operating margin and adjusted EBITDA. Achieving greater than 70% non-GAAP gross margin for the first time is a significant milestone for Weave," said CEO Brett White. "These results underscore the market's demand for our vertically tailored software and payments platform and our continued efforts to improve efficiency." First Quarter 2024 Financial Highlights Total revenue was $47.2 million, representing a 19.2% year-over-year increase compared to $39.6 million in the first quarter of 2023. GAAP Show less Read more
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