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Weave Communications Announces Third Quarter 2021 Financial Results Third quarter total revenue of $ 30.3 million , up 42 % year - over - year Expanded vertical market presence by launching into the home services market 22,553 customer locations now benefiting from the Weave Platform , up 31 % year - over - year LEHI , Utah ― December 7 , 2021 – Weave Communications , Inc. ( NYSE : WEAV ) , a leading all - in - one customer communications and engagement software platform for small and medium - sized businesses , today announced its financial results for the three months ended September 30 , 2021 . " Weave was started to enable small and medium sized businesses everywhere to unify , modernize and personalize every customer interaction . Today we provide these businesses with a purpose - built communications and software platform that is intuitive to use and offers a high ROI , ” said CEO Roy Banks . " In the third quarter we continued executing our mission and grew revenue by 42 % year - over- year . As we recently completed our IPO , we welcome our public shareholders to the very early innings of a large opportunity we are endeavoring to address . We believe we are well positioned to capitalize on the market and opportunity before us . ” Third Quarter 2021 Financial Highlights : • Total revenue was $ 30.3 million , representing a 42 % year - over - year increase compared to $ 21.4 million in the third quarter of 2020 . • • • GAAP loss from operations was $ 13.9 million , compared to an GAAP loss from operations of $ 10.1 million in the third quarter of 2020 . Non - GAAP loss from operations was $ 10.0 million , compared to a non - GAAP loss from operations of $ 5.4 million in the third quarter of 2020 . GAAP net loss attributable to common stockholders was $ 14.8 million , compared to a GAAP net loss attributable to common stockholders of $ 10.9 million in the third quarter of 2020 . Non - GAAP net loss attributable to common stockholders was $ 10.3 million , compared to a non- GAAP net loss attributable to common stockholders of $ 5.7 million in the third quarter of 2020 . GAAP net loss per share attributable to common stockholders was $ 1.03 on 14,317,575 weighted average shares outstanding , compared to a net loss per share attributable to common stockholders of $ 0.95 in the third quarter of 2020 . Non - GAAP net loss per share attributable to common stockholders was $ 0.72 on 14,317,575 weighted average shares outstanding , compared to a non - GAAP net loss per share attributable to common stockholders of $ 0.50 in the third quarter of 2020 . Adjusted EBITDA was $ ( 9.1 ) million , compared to Adjusted EBITDA of $ ( 5.0 ) million in the third quarter of 2020 . • Operating cash flow of $ ( 3.3 ) million , compared to $ ( 2.3 ) million in the third quarter of 2020 . • Free cash flow of $ ( 6.4 ) million , compared to $ ( 2.8 ) million in the third quarter of 2020 . 1