Weave Communications, Inc.(NYSE:WEAV)

Weave Communications, Inc. provides a customer communications and engagement software platform in the United States and Canada. Its platform enables small and medium-sized businesses to maximize the value of their customer interactions and minimize the time and effort spent on manual or mundane task...
Website: http://www.getweave.com
Founded: 2008
IPO Price: $24 (Nov 11, 2021)
CEO: Roy Banks
Sector: Technology
Industry: Software—Application
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At a glance:
Bull Thesis:
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Income Statements:
Quarterly
Annual
| Unit: USD | 2026-03-31 | 2025-12-31 | 2025-09-30 | 2025-06-30 | 2025-03-31 | 2024-12-31 | 2024-09-30 | 2024-06-30 | 2024-03-31 | 2023-12-31 | 2023-09-30 | 2023-06-30 | 2023-03-31 | 2022-12-31 | 2022-09-30 | 2022-06-30 | 2022-03-31 | 2021-12-31 | 2021-09-30 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
revenue | 65,500,000 | 63,403,000 | 61,342,000 | 58,470,000 | 55,809,000 | 54,169,000 | 52,386,000 | 50,586,000 | 47,173,000 | 45,692,000 | 43,544,000 | 41,667,000 | 39,565,000 | 37,685,000 | 36,230,000 | 34,930,000 | 33,272,000 | 31,840,000 | 30,302,000 |
yoy | 17.36% | 17.05% | 17.10% | 15.59% | 18.31% | 18.55% | 20.31% | 21.41% | 19.23% | 21.25% | 20.19% | 19.29% | 18.91% | 18.36% | 19.56% | ||||
qoq | 3.31% | 3.36% | 4.91% | 4.77% | 3.03% | 3.40% | 3.56% | 7.24% | 3.24% | 4.93% | 4.50% | 5.31% | 4.99% | 4.02% | 3.72% | 4.98% | 4.50% | 5.08% | |
cost of revenue | 17,961,000 | 17,333,000 | 17,000,000 | 16,519,000 | 15,864,000 | 15,125,000 | 14,659,000 | 14,462,000 | 14,186,000 | 14,111,000 | 13,609,000 | 13,626,000 | 13,031,000 | 12,751,000 | 13,023,000 | 13,749,000 | 13,753,000 | 13,679,000 | 12,868,000 |
gross profit | 47,539,000 | 46,070,000 | 44,342,000 | 41,951,000 | 39,945,000 | 39,044,000 | 37,727,000 | 36,124,000 | 32,987,000 | 31,581,000 | 29,935,000 | 28,041,000 | 26,534,000 | 24,934,000 | 23,207,000 | 21,181,000 | 19,519,000 | 18,161,000 | 17,434,000 |
yoy | 19.01% | 18.00% | 17.53% | 16.13% | 21.09% | 23.63% | 26.03% | 28.83% | 24.32% | 26.66% | 28.99% | 32.39% | 35.94% | 37.29% | 33.11% | ||||
qoq | 3.19% | 3.90% | 5.70% | 5.02% | 2.31% | 3.49% | 4.44% | 9.51% | 4.45% | 5.50% | 6.75% | 5.68% | 6.42% | 7.44% | 9.57% | 8.51% | 7.48% | 4.17% | |
gross margin % | 72.58% | 72.66% | 72.29% | 71.75% | 71.57% | 72.08% | 72.02% | 71.41% | 69.93% | 69.12% | 68.75% | 67.30% | 67.06% | 66.16% | 64.05% | 60.64% | 58.66% | 57.04% | 57.53% |
operating expenses: | |||||||||||||||||||
sales and marketing | 28,751,000 | 27,528,000 | 26,404,000 | 25,245,000 | 23,526,000 | 21,934,000 | 21,159,000 | 21,889,000 | 19,630,000 | 18,291,000 | 17,801,000 | 17,455,000 | 17,218,000 | 16,119,000 | 16,292,000 | 16,747,000 | 16,220,000 | 15,769,000 | 16,021,000 |
research and development | 10,814,000 | 8,200,000 | 13,121,000 | 11,988,000 | 11,153,000 | 10,760,000 | 9,868,000 | 9,958,000 | 9,645,000 | 9,133,000 | 8,628,000 | 8,585,000 | 7,694,000 | 8,185,000 | 7,897,000 | 7,428,000 | 7,204,000 | 7,107,000 | 6,195,000 |
general and administrative | 13,997,000 | 12,502,000 | 13,761,000 | 14,904,000 | 14,586,000 | 13,723,000 | 13,330,000 | 13,532,000 | 11,867,000 | 12,150,000 | 11,528,000 | 11,834,000 | 10,140,000 | 10,376,000 | 10,876,000 | 11,597,000 | 9,604,000 | 8,920,000 | 9,131,000 |
total operating expenses | 53,562,000 | 48,230,000 | 53,286,000 | 52,137,000 | 49,265,000 | 46,417,000 | 44,357,000 | 45,379,000 | 41,142,000 | 39,574,000 | 37,957,000 | 37,874,000 | 35,052,000 | 34,680,000 | 35,065,000 | 35,772,000 | 33,028,000 | 31,796,000 | 31,347,000 |
income from operations | -6,023,000 | -2,160,000 | -8,944,000 | -10,186,000 | -9,320,000 | -7,373,000 | -6,630,000 | -9,255,000 | -8,155,000 | -7,993,000 | -8,022,000 | -9,833,000 | -8,518,000 | -9,746,000 | -11,858,000 | -14,591,000 | -13,509,000 | -13,635,000 | -13,913,000 |
yoy | -35.38% | -70.70% | 34.90% | 10.06% | 14.29% | -7.76% | -17.35% | -5.88% | -4.26% | -17.99% | -32.35% | -32.61% | -36.95% | -28.52% | -14.77% | ||||
qoq | 178.84% | -75.85% | -12.19% | 9.29% | 26.41% | 11.21% | -28.36% | 13.49% | 2.03% | -0.36% | -18.42% | 15.44% | -12.60% | -17.81% | -18.73% | 8.01% | -0.92% | -2.00% | |
operating margin % | -9.20% | -3.41% | -14.58% | -17.42% | -16.70% | -13.61% | -12.66% | -18.30% | -17.29% | -17.49% | -18.42% | -23.60% | -21.53% | -25.86% | -32.73% | -41.77% | -40.60% | -42.82% | -45.91% |
other income: | |||||||||||||||||||
interest income | 372,000 | 466,000 | 447,000 | 435,000 | 463,000 | 479,000 | 520,000 | 432,000 | 420,000 | 639,000 | 594,000 | 527,000 | |||||||
interest expense | -369,000 | -400,000 | -366,000 | -537,000 | -397,000 | -400,000 | -405,000 | -399,000 | -319,000 | -438,000 | -512,000 | -501,000 | -472,000 | -436,000 | -380,000 | -332,000 | -293,000 | -308,000 | -303,000 |
other income | 352,000 | 275,000 | 277,000 | 471,000 | 500,000 | 650,000 | 692,000 | 721,000 | 865,000 | 865,000 | 874,000 | 868,000 | 1,151,000 | 937,000 | 451,000 | 127,000 | -4,000 | -65,000 | -4,000 |
income before income taxes | -5,668,000 | -1,819,000 | -8,586,000 | -9,817,000 | -8,754,000 | -6,644,000 | -5,823,000 | -8,501,000 | -7,189,000 | -6,927,000 | -7,066,000 | -8,939,000 | -7,839,000 | -9,245,000 | -11,787,000 | -14,796,000 | -13,806,000 | ||
income tax provision | -102,000 | ||||||||||||||||||
net income | -5,770,000 | -1,848,000 | -8,668,000 | -8,711,000 | -8,825,000 | -6,711,000 | -5,879,000 | -8,553,000 | -7,203,000 | -7,039,000 | -7,145,000 | -8,988,000 | -7,859,000 | -9,267,000 | -11,818,000 | -14,815,000 | -13,838,000 | -14,068,000 | -14,220,000 |
yoy | -34.62% | -72.46% | 47.44% | 1.85% | 22.52% | -4.66% | -17.72% | -4.84% | -8.35% | -24.04% | -39.54% | -39.33% | -43.21% | -34.13% | -16.89% | ||||
qoq | 212.23% | -78.68% | -0.49% | -1.29% | 31.50% | 14.15% | -31.26% | 18.74% | 2.33% | -1.48% | -20.51% | 14.37% | -15.19% | -21.59% | -20.23% | 7.06% | -1.63% | -1.07% | |
net income margin % | -8.81% | -2.91% | -14.13% | -14.90% | -15.81% | -12.39% | -11.22% | -16.91% | -15.27% | -15.41% | -16.41% | -21.57% | -19.86% | -24.59% | -32.62% | -42.41% | -41.59% | -44.18% | -46.93% |
net income per share | -0.07 | -0.02 | -0.11 | -0.11 | -0.12 | -0.1 | -0.08 | -0.12 | -0.1 | -0.1 | -0.1 | -0.13 | -0.12 | -0.14 | -0.18 | -0.23 | -0.21 | 0.37 | -1.03 |
weighted-average common shares outstanding - basic and diluted | 78,578,095 | 76,306,740 | 77,338,906 | 75,842,852 | 73,806,981 | 71,656,892 | 72,007,727 | 71,291,801 | 70,452,944 | 67,694,978 | 68,213,250 | 66,849,788 | 65,954,521 | 65,083,198 | 65,143,929 | 64,963,045 | 64,583,714 | 20,636,583 | 14,317,575 |
other comprehensive loss | |||||||||||||||||||
change in foreign currency translation, net of tax | -255 | 160 | -81 | 294 | 54 | ||||||||||||||
net unrealized gain on investments, net of tax | -24 | 9 | -9 | 14 | |||||||||||||||
total comprehensive loss | -6,049 | -1,688 | -8,740 | -8,426 | -8,757 | ||||||||||||||
income tax benefit | -29,000 | -82,000 | 1,106,000 | ||||||||||||||||
provision for income taxes | -71,000 | -67,000 | -56,000 | -52,000 | -14,000 | -112,000 | -79,000 | -49,000 | -20,000 | -22,000 | -31,000 | -19,000 | -32,000 | ||||||
less: cumulative dividends on redeemable convertible preferred stock | -270,000 | -585,000 | |||||||||||||||||
net loss attributable to common stockholders | -9,267,000 | -11,818,000 | -14,815,000 | -13,838,000 | -14,338,000 | -14,805,000 |
Balance Sheets:
Quarterly
Annual
| Unit: USD | 2026-03-31 | 2025-12-31 | 2025-09-30 | 2025-06-30 | 2025-03-31 | 2024-12-31 | 2024-09-30 | 2024-06-30 | 2024-03-31 | 2023-12-31 | 2023-09-30 | 2023-06-30 | 2023-03-31 | 2022-12-31 | 2022-09-30 | 2022-06-30 | 2022-03-31 | 2021-12-31 | 2021-09-30 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
assets | |||||||||||||||||||
current assets: | |||||||||||||||||||
cash and cash equivalents | 42,214,000 | 54,959,000 | 64,394,000 | 44,665,000 | 53,410,000 | 51,596,000 | 51,103,000 | 51,659,000 | 30,609,000 | 50,756,000 | 63,291,000 | 52,125,000 | 56,081,000 | 61,997,000 | 118,358,000 | 124,328,000 | 128,900,000 | 135,996,000 | 40,391,000 |
short-term investments | 30,493,000 | 26,761,000 | 15,897,000 | 33,180,000 | 44,819,000 | 47,534,000 | 47,055,000 | 47,383,000 | 51,714,000 | 58,088,000 | 55,148,000 | 58,784,000 | 56,530,000 | 51,340,000 | |||||
accounts receivable | 4,638,000 | 4,347,000 | 4,283,000 | 3,391,000 | 3,131,000 | 3,743,000 | 8,364,000 | 5,528,000 | 19,018,000 | 3,511,000 | 3,713,000 | 3,283,000 | 3,051,000 | 3,296,000 | 3,653,000 | 2,981,000 | 2,897,000 | 3,059,000 | 4,580,000 |
deferred contract costs | 14,248,000 | 13,309,000 | 12,934,000 | 12,458,000 | 11,979,000 | 11,568,000 | 11,311,000 | 11,143,000 | 10,854,000 | 10,547,000 | 10,440,000 | 10,404,000 | 10,129,000 | 9,881,000 | |||||
prepaid expenses and other current assets | 9,085,000 | 5,618,000 | 5,443,000 | 5,679,000 | 6,919,000 | 6,298,000 | 4,684,000 | 5,390,000 | 7,527,000 | 6,876,000 | 5,895,000 | 4,873,000 | 5,815,000 | 6,374,000 | 4,886,000 | 4,198,000 | 4,010,000 | ||
total current assets | 100,678,000 | 104,994,000 | 102,951,000 | 99,373,000 | 120,258,000 | 120,739,000 | 122,517,000 | 121,103,000 | 119,722,000 | 129,778,000 | 138,487,000 | 129,469,000 | 131,606,000 | 132,888,000 | 136,288,000 | 140,660,000 | 146,187,000 | 154,447,000 | 57,710,000 |
non-current assets: | |||||||||||||||||||
property and equipment | 9,705,000 | 9,212,000 | 8,834,000 | 8,591,000 | 8,562,000 | 8,443,000 | 8,848,000 | 9,752,000 | 9,520,000 | 9,922,000 | 10,249,000 | 10,144,000 | 10,621,000 | 10,773,000 | 10,929,000 | 11,427,000 | 11,868,000 | 24,502,000 | 24,985,000 |
operating lease right-of-use assets | 32,708,000 | 33,779,000 | 34,557,000 | 35,549,000 | 36,535,000 | 37,516,000 | 38,518,000 | 39,509,000 | 40,495,000 | 41,318,000 | 42,292,000 | 43,244,000 | 44,211,000 | 45,110,000 | 45,740,000 | 46,660,000 | 47,574,000 | ||
finance lease right-of-use assets | 10,738,000 | 10,490,000 | 10,664,000 | 11,392,000 | 11,057,000 | 10,650,000 | 10,334,000 | 10,377,000 | 10,402,000 | 10,351,000 | 10,456,000 | 10,480,000 | 10,578,000 | 10,589,000 | 10,612,000 | 11,325,000 | 12,214,000 | ||
deferred contract costs, net, less current portion | 12,631,000 | 11,163,000 | 10,794,000 | 10,424,000 | 9,933,000 | 9,487,000 | 9,397,000 | 9,417,000 | 9,110,000 | 8,622,000 | 8,423,000 | 8,340,000 | 8,134,000 | 8,146,000 | |||||
intangible assets | 6,793,000 | 7,134,000 | 7,482,000 | 7,844,000 | |||||||||||||||
goodwill | 29,465,000 | 29,465,000 | 29,465,000 | 29,313,000 | |||||||||||||||
other non-current assets | 1,567,000 | 1,731,000 | 1,716,000 | 1,858,000 | 1,965,000 | 2,091,000 | 2,413,000 | 1,041,000 | 925,000 | 1,021,000 | 926,000 | 901,000 | 868,000 | 843,000 | 1,161,000 | 1,143,000 | 751,000 | 663,000 | 2,327,000 |
total assets | 204,285,000 | 207,968,000 | 206,463,000 | 204,344,000 | 188,310,000 | 188,926,000 | 192,027,000 | 191,199,000 | 190,174,000 | 201,012,000 | 210,833,000 | 202,578,000 | 206,018,000 | 208,349,000 | 212,540,000 | 218,827,000 | 226,200,000 | 187,485,000 | 92,874,000 |
liabilities and stockholders' equity | |||||||||||||||||||
current liabilities: | |||||||||||||||||||
accounts payable | 6,616,000 | 7,262,000 | 6,123,000 | 5,913,000 | 4,865,000 | 8,276,000 | 7,597,000 | 7,568,000 | 4,160,000 | 5,171,000 | 4,785,000 | 4,267,000 | 4,151,000 | 3,793,000 | 3,398,000 | 4,673,000 | 4,229,000 | 4,061,000 | 4,498,000 |
accrued and other current liabilities | 25,842,000 | 27,919,000 | |||||||||||||||||
deferred revenue | 37,061,000 | 38,051,000 | 38,499,000 | 39,325,000 | 38,864,000 | 39,987,000 | 40,221,000 | 40,562,000 | 39,842,000 | 38,850,000 | 37,687,000 | 36,843,000 | 34,598,000 | 34,136,000 | 32,722,000 | 32,287,000 | 30,188,000 | 29,511,000 | 28,425,000 |
current portion of operating lease liabilities | 4,701,000 | 4,658,000 | 4,349,000 | 4,271,000 | 4,194,000 | 4,119,000 | 4,081,000 | 4,042,000 | 4,004,000 | 3,821,000 | 3,799,000 | 3,764,000 | 3,735,000 | 3,662,000 | 5,149,000 | 5,050,000 | 4,941,000 | ||
current portion of finance lease liabilities | 6,852,000 | 6,706,000 | 6,697,000 | 6,813,000 | 6,696,000 | 6,600,000 | 6,358,000 | 6,393,000 | 6,417,000 | 6,520,000 | 6,762,000 | 6,905,000 | 7,038,000 | 6,992,000 | 7,718,000 | 7,728,000 | 8,327,000 | ||
total current liabilities | 81,072,000 | 84,596,000 | 82,909,000 | 81,271,000 | 75,169,000 | 76,620,000 | 76,939,000 | 74,053,000 | 68,360,000 | 72,853,000 | 69,858,000 | 66,260,000 | 64,320,000 | 72,219,000 | 74,760,000 | 63,880,000 | 59,604,000 | 54,307,000 | 57,614,000 |
non-current liabilities: | |||||||||||||||||||
other long-term liabilities | 200,000 | 200,000 | 2,936,000 | 508,000 | |||||||||||||||
operating lease liabilities, less current portion | 33,368,000 | 34,554,000 | 35,657,000 | 36,769,000 | 37,875,000 | 38,961,000 | 40,006,000 | 41,040,000 | 42,069,000 | 43,080,000 | 44,050,000 | 45,010,000 | 45,980,000 | 46,914,000 | 45,964,000 | 46,780,000 | 47,528,000 | ||
finance lease liabilities, less current portion | 6,368,000 | 6,234,000 | 6,344,000 | 6,919,000 | 6,685,000 | 6,377,000 | 6,246,000 | 6,283,000 | 6,309,000 | 6,122,000 | 5,999,000 | 5,916,000 | 5,919,000 | 5,997,000 | 5,290,000 | 6,179,000 | 6,567,000 | ||
total liabilities | 121,008,000 | 125,584,000 | 127,846,000 | 125,467,000 | 119,729,000 | 121,958,000 | 123,191,000 | 121,376,000 | 116,738,000 | 122,055,000 | 129,907,000 | 127,186,000 | 126,219,000 | 125,130,000 | 126,014,000 | 126,839,000 | 123,699,000 | 75,184,000 | 78,231,000 |
commitments and contingencies | |||||||||||||||||||
stockholders' equity: | |||||||||||||||||||
preferred stock, 0.00001 par value per share... | |||||||||||||||||||
common stock, 0.00001 par value per share... | |||||||||||||||||||
additional paid-in capital | 408,518,000 | 401,576,000 | 396,121,000 | 387,641,000 | 368,919,000 | 358,549,000 | 353,263,000 | 348,532,000 | 343,496,000 | 341,514,000 | 336,659,000 | 323,844,000 | 319,339,000 | 314,884,000 | 309,023,000 | 302,557,000 | 298,214,000 | 294,230,000 | 30,548,000 |
accumulated deficit | -324,835,000 | -319,065,000 | -317,217,000 | -308,549,000 | -299,838,000 | -291,013,000 | -284,302,000 | -278,423,000 | -269,870,000 | -262,667,000 | -255,628,000 | -248,483,000 | -239,495,000 | -231,636,000 | -222,369,000 | -210,551,000 | -195,736,000 | -181,898,000 | -167,830,000 |
accumulated other comprehensive loss | -406,000 | -127,000 | -287,000 | -215,000 | -500,000 | -105,000 | -45,000 | -29,000 | |||||||||||
total stockholders' equity | 83,277,000 | 82,384,000 | 78,617,000 | 78,877,000 | 68,581,000 | 66,968,000 | 68,836,000 | 69,823,000 | 73,436,000 | 78,957,000 | 80,926,000 | 75,392,000 | 79,799,000 | 83,219,000 | 86,526,000 | 91,988,000 | 102,501,000 | 112,301,000 | |
total liabilities and stockholders' equity | 204,285,000 | 207,968,000 | 206,463,000 | 204,344,000 | 188,310,000 | 188,926,000 | 192,027,000 | 191,199,000 | 190,174,000 | 201,012,000 | 210,833,000 | 202,578,000 | 206,018,000 | 208,349,000 | 212,540,000 | 218,827,000 | 226,200,000 | ||
accrued liabilities and other | 27,241,000 | 24,949,000 | 20,550,000 | ||||||||||||||||
accrued liabilities | 17,638,000 | 18,682,000 | 15,488,000 | 13,937,000 | 18,491,000 | 16,825,000 | 14,481,000 | 14,798,000 | 13,636,000 | 15,773,000 | 14,142,000 | 11,919,000 | 12,250,000 | 16,118,000 | |||||
accumulated other comprehensive income | -568,000 | -125,000 | -286,000 | -190,000 | 110,000 | 31,000 | -128,000 | -18,000 | 23,000 | -31,000 | -13,000 | ||||||||
current portion of long-term debt | 10,000,000 | 10,000,000 | |||||||||||||||||
long-term debt | 10,000,000 | 10,000,000 | 10,000,000 | 10,000,000 | 10,000,000 | 10,000,000 | 9,995,000 | ||||||||||||
deferred rent | 4,319,000 | 3,141,000 | |||||||||||||||||
deferred contract acquisition costs | 9,391,000 | 9,153,000 | 8,967,000 | 8,931,000 | 8,729,000 | ||||||||||||||
deferred contract acquisition costs, net, less current portion | 7,810,000 | 7,612,000 | 7,606,000 | 7,873,000 | 7,852,000 | ||||||||||||||
prepaid expenses | 5,423,000 | 6,461,000 | |||||||||||||||||
liabilities, redeemable convertible preferred stock and stockholders' equity | |||||||||||||||||||
current portion of capital lease obligations | 8,485,000 | 8,573,000 | |||||||||||||||||
capital lease obligations, less current portion | 6,558,000 | 7,481,000 | |||||||||||||||||
redeemable convertible preferred stock | |||||||||||||||||||
redeemable convertible preferred stock, 0.00001 par value per share... | 151,938,000 | ||||||||||||||||||
stockholders' equity | |||||||||||||||||||
total liabilities, redeemable convertible preferred stock and stockholders' equity | 187,485,000 | ||||||||||||||||||
liabilities, redeemable convertible preferred stock and stockholders' deficit | |||||||||||||||||||
stockholders' deficit: | |||||||||||||||||||
total stockholders' deficit | -137,295,000 | ||||||||||||||||||
total liabilities, redeemable convertible preferred stock and stockholders' deficit | 92,874,000 |
Cashflow Statements:
Quarterly
Annual
| Unit: USD | 2026-03-31 | 2025-12-31 | 2025-09-30 | 2025-06-30 | 2025-03-31 | 2024-12-31 | 2024-09-30 | 2024-06-30 | 2024-03-31 | 2023-12-31 | 2023-09-30 | 2023-06-30 | 2023-03-31 | 2022-12-31 | 2022-09-30 | 2022-06-30 | 2022-03-31 | 2021-12-31 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
cash flows from operating activities | ||||||||||||||||||
net loss | -5,770,000 | -1,848,000 | -8,668,000 | -8,711,000 | -8,825,000 | -6,711,000 | -5,879,000 | -8,553,000 | -7,203,000 | -7,039,000 | -7,145,000 | -8,988,000 | -7,859,000 | -9,267,000 | -11,818,000 | -14,815,000 | -13,838,000 | -14,068,000 |
adjustments to reconcile net loss to net cash from operating activities | ||||||||||||||||||
depreciation and amortization | 3,115,000 | 2,988,000 | 2,920,000 | 2,878,000 | 2,804,000 | 2,848,000 | 2,712,000 | 2,912,000 | 3,045,000 | 3,032,000 | 2,971,000 | 2,953,000 | 3,045,000 | 3,120,000 | 3,151,000 | 3,318,000 | 3,375,000 | 3,389,000 |
amortization of operating right-of-use assets | 1,071,000 | 1,082,000 | 992,000 | 986,000 | 981,000 | 1,002,000 | 991,000 | 986,000 | 972,000 | 974,000 | 952,000 | 967,000 | 938,000 | 939,000 | 920,000 | 914,000 | 908,000 | |
amortization of intangible assets | 341,000 | 348,000 | 362,000 | |||||||||||||||
provision for credit losses | 616,000 | 338,000 | 294,000 | 303,000 | 177,000 | |||||||||||||
amortization of deferred contract costs | 4,107,000 | 3,892,000 | 3,723,000 | 3,687,000 | 3,533,000 | 3,426,000 | 3,340,000 | 3,360,000 | 3,292,000 | 3,187,000 | 2,961,000 | 3,047,000 | 2,976,000 | |||||
stock-based compensation, net of amount capitalized | 7,130,000 | 3,972,000 | 9,922,000 | 9,252,000 | 8,985,000 | |||||||||||||
net accretion of discounts on short-term investments | -143,000 | -152,000 | -108,000 | -270,000 | -372,000 | -457,000 | -503,000 | -537,000 | -637,000 | -660,000 | -664,000 | -657,000 | -687,000 | |||||
changes in operating assets and liabilities: | ||||||||||||||||||
accounts receivable | -907,000 | -402,000 | -1,186,000 | -456,000 | 435,000 | 3,997,000 | -3,236,000 | 12,897,000 | -15,757,000 | -116,000 | -622,000 | -464,000 | -177,000 | 86,000 | -831,000 | -233,000 | 12,000 | 1,393,000 |
deferred contract costs | -6,514,000 | -4,636,000 | -4,569,000 | -4,657,000 | -4,390,000 | -3,773,000 | -3,488,000 | -3,956,000 | -4,087,000 | -3,493,000 | -3,080,000 | -3,528,000 | -3,212,000 | |||||
prepaid expenses and other assets | -3,303,000 | -190,000 | 378,000 | 1,943,000 | -495,000 | -1,292,000 | 199,000 | 2,021,000 | -555,000 | -1,076,000 | -1,047,000 | 909,000 | 534,000 | -1,027,000 | -774,000 | 758,000 | 950,000 | -2,607,000 |
accounts payable | -867,000 | 1,553,000 | 75,000 | 935,000 | -3,654,000 | 651,000 | 29,000 | 3,453,000 | -1,017,000 | 334,000 | 518,000 | 116,000 | 355,000 | 382,000 | -1,304,000 | 444,000 | 148,000 | 918,000 |
accrued liabilities | -2,193,000 | 678,000 | 3,875,000 | -175,000 | 2,682,000 | -1,132,000 | 3,194,000 | 1,551,000 | -4,554,000 | 1,666,000 | 2,344,000 | -317,000 | 1,162,000 | -2,137,000 | 1,902,000 | 1,952,000 | 69,000 | |
operating lease liabilities | -1,143,000 | -1,098,000 | -1,034,000 | -1,029,000 | -1,011,000 | -1,007,000 | -995,000 | -991,000 | -977,000 | -948,000 | -925,000 | -941,000 | -900,000 | -846,000 | -717,000 | -639,000 | -332,000 | |
deferred revenue | -1,245,000 | -288,000 | -907,000 | 603,000 | -1,069,000 | -637,000 | -286,000 | 649,000 | 754,000 | 1,312,000 | 691,000 | 2,391,000 | 428,000 | 1,501,000 | 325,000 | 2,058,000 | 731,000 | 1,060,000 |
net cash from operating activities | -5,705,000 | 6,245,000 | 6,069,000 | 5,445,000 | -219,000 | 6,674,000 | 4,500,000 | 22,676,000 | -19,701,000 | 3,742,000 | 3,334,000 | 1,604,000 | 1,541,000 | -2,841,000 | -4,023,000 | -1,731,000 | -4,171,000 | -10,056,000 |
capital expenditures | -1,419,000 | -1,848,000 | -1,022,000 | -967,000 | -843,000 | -549,000 | -959,000 | -1,459,000 | -818,000 | -807,000 | -1,254,000 | -675,000 | -954,000 | -933,000 | -595,000 | -691,000 | -908,000 | -2,150,000 |
free cash flows | -7,124,000 | 4,397,000 | 5,047,000 | 4,478,000 | -1,062,000 | 6,125,000 | 3,541,000 | 21,217,000 | -20,519,000 | 2,935,000 | 2,080,000 | 929,000 | 587,000 | -3,774,000 | -4,618,000 | -2,422,000 | -5,079,000 | -12,206,000 |
cash flows from investing activities | ||||||||||||||||||
maturities of short-term investments | 5,250,000 | 10,600,000 | 17,400,000 | 11,900,000 | 18,556,000 | 10,693,000 | 23,471,000 | 8,504,000 | 23,770,000 | 18,250,000 | 14,900,000 | 16,000,000 | 13,000,000 | |||||
purchases of short-term investments | -8,863,000 | -21,312,000 | 0 | 0 | -15,455,000 | -10,755,000 | -22,534,000 | -3,661,000 | -16,821,000 | -20,464,000 | -10,583,000 | -17,667,000 | -17,485,000 | |||||
purchases of property and equipment | -521,000 | -1,122,000 | -279,000 | -544,000 | -444,000 | -383,000 | -548,000 | -741,000 | -513,000 | -178,000 | -675,000 | -218,000 | -620,000 | -704,000 | -270,000 | -380,000 | -541,000 | -1,646,000 |
capitalized internal-use software costs | -898,000 | -726,000 | -743,000 | -423,000 | -399,000 | -166,000 | -411,000 | -718,000 | -305,000 | -629,000 | -579,000 | -457,000 | -334,000 | -229,000 | -325,000 | -311,000 | -367,000 | -504,000 |
net cash from investing activities | -5,032,000 | -12,560,000 | 15,841,000 | -12,385,000 | 2,258,000 | -611,000 | -22,000 | 3,384,000 | 6,131,000 | -3,021,000 | 3,063,000 | -2,342,000 | -5,439,000 | -51,841,000 | -586,000 | -691,000 | -908,000 | -2,150,000 |
cash flows from financing activities | ||||||||||||||||||
principal payments on finance leases | -1,793,000 | -1,752,000 | -1,829,000 | -1,814,000 | -1,773,000 | -1,775,000 | -1,743,000 | -1,755,000 | -1,787,000 | -1,864,000 | -1,859,000 | -1,847,000 | -1,960,000 | -2,015,000 | -2,234,000 | -2,284,000 | -2,176,000 | |
proceeds from stock option exercises | 325,000 | 5,000 | 234,000 | 52,000 | 463,000 | 1,177,000 | 193,000 | 66,000 | 291,000 | 1,513,000 | 10,732,000 | 548,000 | 73,000 | 336,000 | 286,000 | 134,000 | 559,000 | 926,000 |
payments for taxes related to net share settlement of equity awards | -1,584,000 | -1,373,000 | -1,445,000 | -17,000 | -26,000 | -4,972,000 | -4,461,000 | -3,321,000 | -6,101,000 | -2,905,000 | -4,811,000 | -1,919,000 | -753,000 | |||||
proceeds from the employee stock purchase plan | 1,044,000 | 0 | 859,000 | 0 | 1,111,000 | 0 | 977,000 | 0 | 1,020,000 | 0 | 707,000 | 0 | 622,000 | 0 | ||||
net cash from financing activities | -2,008,000 | -3,120,000 | -2,181,000 | -1,805,000 | -225,000 | -5,570,000 | -5,034,000 | -5,010,000 | -6,577,000 | -13,256,000 | 4,769,000 | -3,218,000 | -2,018,000 | -1,679,000 | -1,361,000 | -2,150,000 | -2,017,000 | 107,811,000 |
net increase in cash and cash equivalents | -12,745,000 | -9,435,000 | 19,729,000 | -8,745,000 | 1,814,000 | 493,000 | -556,000 | -12,535,000 | ||||||||||
cash and cash equivalents, beginning of period | 54,959,000 | 0 | 0 | 0 | 51,596,000 | 0 | 0 | 0 | 50,756,000 | 0 | 0 | 0 | 61,997,000 | 0 | 0 | 0 | 135,996,000 | 0 |
cash and cash equivalents, end of period | 42,214,000 | -9,435,000 | 19,729,000 | -8,745,000 | 53,410,000 | 493,000 | -556,000 | 21,050,000 | 30,609,000 | -12,535,000 | 11,166,000 | -3,956,000 | 56,081,000 | -56,361,000 | -5,970,000 | -4,572,000 | 128,900,000 | 95,605,000 |
supplemental disclosure of cash flow information: | ||||||||||||||||||
cash paid during the period for interest | 369,000 | 400,000 | 366,000 | 537,000 | 397,000 | 400,000 | 405,000 | 399,000 | 319,000 | 438,000 | 512,000 | 501,000 | 472,000 | 332,000 | 293,000 | 308,000 | ||
cash paid during the period for income taxes | 101,000 | 147,000 | 1,384,000 | -1,106,000 | 71,000 | 67,000 | 56,000 | 52,000 | 14,000 | 112,000 | 79,000 | 49,000 | 20,000 | |||||
supplemental disclosure of noncash investing and financing activities: | ||||||||||||||||||
equipment purchases financed with accounts payable | 249,000 | -107,000 | 99,000 | -207,000 | 243,000 | 3,000 | 0 | 20,000 | -256,000 | |||||||||
finance lease liabilities arising from obtaining finance lease right-of-use assets | 2,073,000 | 1,651,000 | 1,138,000 | 2,165,000 | 2,177,000 | 2,148,000 | 1,671,000 | 1,705,000 | 1,871,000 | 1,745,000 | 1,799,000 | 1,711,000 | 1,928,000 | 1,297,000 | 2,027,000 | |||
unrealized gain on short-term investments | -24,000 | 0 | 9,000 | -9,000 | 14,000 | -40,000 | 18,000 | |||||||||||
stock-based compensation included in capitalized software development costs | 143,000 | 115,000 | 140,000 | 74,000 | 67,000 | |||||||||||||
loss on disposal of assets | 0 | 0 | 0 | 1,000 | 4,000 | 1,000 | 8,000 | 3,000 | -6,000 | |||||||||
business acquisitions, net of cash acquired | 0 | -537,000 | ||||||||||||||||
principal payments on line of credit | ||||||||||||||||||
stock issuance costs | 0 | 0 | ||||||||||||||||
operating lease liabilities arising from obtaining operating lease right-of-use assets | 0 | 0 | 0 | 149,000 | 0 | 0 | 0 | 154,000 | ||||||||||
equity issued as consideration in business combinations | 0 | 0 | ||||||||||||||||
consideration withheld for indemnification liabilities related to business combinations | 0 | |||||||||||||||||
provision for losses on accounts receivable | 624,000 | 400,000 | 593,000 | 250,000 | 318,000 | 192,000 | 232,000 | 422,000 | 271,000 | 159,000 | 149,000 | 150,000 | 128,000 | |||||
proceeds from sale of assets | 7,000 | |||||||||||||||||
paid offering costs | 0 | -271,000 | 0 | -400,000 | ||||||||||||||
stock-based compensation | 8,022,000 | 8,291,000 | 6,772,000 | 6,247,000 | 6,187,000 | 5,876,000 | 4,513,000 | 5,525,000 | 5,322,000 | 4,480,000 | 3,425,000 | |||||||
unrealized loss on short-term investments | -25,000 | -62,000 | 17,000 | |||||||||||||||
net decrease in cash and cash equivalents | -20,147,000 | -3,956,000 | -5,916,000 | -5,970,000 | -4,572,000 | -7,096,000 | ||||||||||||
deferred rent | 1,178,000 | |||||||||||||||||
proceeds from advance on line of credit | 5,000 | |||||||||||||||||
proceeds from initial public offering, net of underwriting discounts | ||||||||||||||||||
accrued unpaid offering costs | ||||||||||||||||||
amortization of contract acquisition and fulfillment costs | 2,828,000 | |||||||||||||||||
contract acquisition costs | -3,196,000 | -2,885,000 | -2,409,000 | -2,787,000 | ||||||||||||||
amortization of contract acquisition costs | 2,640,000 | 2,564,000 | ||||||||||||||||
gain on recovery of previously recognized contract loss | ||||||||||||||||||
equity-based compensation | 3,044,000 | |||||||||||||||||
accrued and other liabilities | ||||||||||||||||||
principal payments on capital lease obligations | -2,039,000 | |||||||||||||||||
payout of accrued repurchase of common shares | ||||||||||||||||||
proceeds from preferred shares issuance, net of professional fees paid | ||||||||||||||||||
equipment purchases financed with capital leases | 1,028,000 | |||||||||||||||||
paid deferred offering costs | ||||||||||||||||||
accrued unpaid deferred offering costs |
