Weave Communications, Inc. ( (WEAV) ) has released its Q2 earnings. Here is a breakdown of the information Weave Communications, Inc. presented to its investors.
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Weave Communications, Inc. is a leading provider of customer experience and payments software tailored for small and medium-sized healthcare businesses, offering solutions that enhance patient engagement and streamline practice operations.
In its second quarter of 2025, Weave Communications reported a significant increase in revenue and improved gross margins, alongside strategic advancements including the acquisition of TrueLark, an AI-driven workflow automation platform.
The company achieved a total revenue of $58.5 million, marking a 15.6% increase compared to the previous year. The GAAP gross margin improved slightly to 71.7%, while non-GAAP gross margin rose to 72.3%. Despite a GAAP net loss of $8.7 million, Weave reported a non-GAAP net income of $1.5 million, showcasing a positive turnaround from a loss in the previous year. Additionally, the acquisition of TrueLark is expected to enhance Weave’s AI capabilities, particularly in automating patient engagement and scheduling.
Weave’s strategic moves also include expanding its reach in the Specialty Medical vertical, which has become its second-largest by customer count, and launching integrations with key platforms like Ortho2 Edge and IDEXX Neo. These initiatives are aimed at addressing patient engagement challenges and expanding Weave’s market presence.
Looking ahead, Weave Communications is optimistic about its growth trajectory, with projected revenue increases for the third quarter and full year of 2025. The company remains focused on leveraging its recent acquisition and technological advancements to deliver enhanced value to its customers.