Record Sales Quarter
Weave experienced another record sales quarter, marking the 14th consecutive quarter of exceeding the top end of revenue guidance with $58.5 million in revenue, a 15.6% year-over-year growth.
Strong Revenue Growth in Specialty Medical Vertical
Specialty Medical has become the second largest vertical by customer count, with record growth driven by medical aesthetics, primary care, and physical therapy.
Successful TrueLark Acquisition
The acquisition of TrueLark, an AI-powered workflow automation platform, was completed and is being integrated with Weave's offerings. Initial joint selling efforts are underway.
Improved Gross Margin
Gross margin rose to 72.3%, an increase from Q1 and an improvement of 40 basis points year-over-year.
Strong Free Cash Flow
Generated $4.5 million in free cash flow, showcasing disciplined execution and efficiency.
Promising Mid-Market Growth
Momentum is building in the mid-market, with significant traction in veterinary and specialty medical verticals.