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Weave Communications Swings to Q4 Profit, Revenue Rises; Announces CFO Retirement -- Shares Fall
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Weave Communications Swings to Q4 Profit, Revenue Rises; Announces CFO Retirement -- Shares Fall
Feb 20, 2025 2:44 PM

05:27 PM EST, 02/20/2025 (MT Newswires) -- Weave Communications ( WEAV ) reported Q4 non-GAAP diluted earnings late Thursday of $0.03 per share, compared to a loss of $0.01 a year earlier.

Analysts polled by FactSet expected $0.03.

Revenue for the quarter ended Dec. 31 was $54.2 million, up from $45.7 million a year earlier. Analysts surveyed by FactSet expected $53.2 million.

The company said it expects Q1 revenue of $54 million to $55 million. Analysts polled by FactSet expect $54.7 million.

Full-year 2025 revenue is expected to be $232 million to $237 million. Analysts surveyed by FactSet expect $235.7 million.

Separately, the company said finance chief Alan Taylor plans to retire at the end of Q1. Jason Christiansen, the company's vice president of finance, will replace Taylor as the new CFO.

Shares were down more than 10% in recent after-hours activity.

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