Weave Communications, Inc. (NYSE: WEAV) reported its financial results for the second quarter ending June 30, 2025. The company, known for its customer experience and payments software for small and medium-sized healthcare businesses, recorded a non-GAAP income from operations of $0.1 million. This represents an improvement from a non-GAAP loss from operations of $1.0 million in the same period of the previous year. The GAAP net loss for the quarter was $8.7 million, or $0.11 per share, slightly higher than the net loss of $8.6 million, or $0.12 per share, in the second quarter of 2024. Non-GAAP net income was reported at $1.5 million, or $0.02 per share, compared to a non-GAAP net loss of $0.3 million, or $0.00 per share, in the prior year quarter. Adjusted EBITDA improved to $1.1 million from a breakeven position in the second quarter of 2024. Gross revenue retention slightly decreased to 90%, down from 92% in the previous year, while net revenue retention was 96%, compared to 97% in 2024. For the year-to-date, net cash provided by operating activities totaled $5.2 million, up from $3.0 million in the corresponding period last year. Looking ahead, Weave Communications provided guidance for the third quarter of 2025, projecting total revenue between $60.1 million and $61.1 million. The full-year revenue guidance is set between $236.8 million and $239.8 million. Non-GAAP income from operations is forecasted to range from $0.0 million to $1.0 million for the third quarter and $1.2 million to $3.2 million for the full year. During the quarter, Weave also completed its acquisition of TrueLark, an AI-powered workflow automation platform, enhancing its offerings with 24x7 patient engagement capabilities.
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