2021 Q4 Form 10-Q Financial Statement

#000160915121000006 Filed on December 09, 2021

View on sec.gov

Income Statement

Concept 2021 Q4 2021 Q3 2020 Q3
Revenue $31.84M $30.30M $21.39M
YoY Change 41.68%
Cost Of Revenue $13.68M $12.87M $9.214M
YoY Change 39.66%
Gross Profit $18.16M $17.43M $12.17M
YoY Change 43.21%
Gross Profit Margin 57.04% 57.53% 56.92%
Selling, General & Admin $24.69M $25.15M $16.91M
YoY Change 48.78%
% of Gross Profit 135.95% 144.27% 138.87%
Research & Development $7.107M $6.195M $5.414M
YoY Change 14.43%
% of Gross Profit 39.13% 35.53% 44.47%
Depreciation & Amortization $3.389M $3.200M $2.400M
YoY Change -31.96% 33.33%
% of Gross Profit 18.66% 18.35% 19.71%
Operating Expenses $31.80M $31.35M $22.32M
YoY Change 40.44%
Operating Profit -$13.64M -$13.91M -$10.15M
YoY Change 37.13%
Interest Expense -$308.0K $303.0K $274.0K
YoY Change 10.58%
% of Operating Profit
Other Income/Expense, Net -$65.00K -$4.000K $16.00K
YoY Change -125.0%
Pretax Income -$14.01M -$14.22M -$10.40M
YoY Change 36.73%
Income Tax $60.00K $0.00 $0.00
% Of Pretax Income
Net Earnings -$14.07M -$14.22M -$10.40M
YoY Change 36.68%
Net Earnings / Revenue -44.18% -46.93% -48.64%
Basic Earnings Per Share -$2.60 -$1.03 -$0.95
Diluted Earnings Per Share -$2.60 -$1.03 -$0.95
COMMON SHARES
Basic Shares Outstanding 64.24M shares 14.32M shares 11.52M shares
Diluted Shares Outstanding 14.32M shares 11.52M shares

Balance Sheet

Concept 2021 Q4 2021 Q3 2020 Q3
SHORT-TERM ASSETS
Cash & Short-Term Investments $136.0M $40.39M
YoY Change
Cash & Equivalents $136.0M $40.39M $59.50M
Short-Term Investments
Other Short-Term Assets $15.39M $12.74M
YoY Change
Inventory
Prepaid Expenses $6.461M
Receivables $3.059M $4.580M
Other Receivables $0.00 $0.00
Total Short-Term Assets $154.4M $57.71M
YoY Change 128.22%
LONG-TERM ASSETS
Property, Plant & Equipment $24.50M $24.99M
YoY Change 33.93%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments
YoY Change
Other Assets $663.0K $2.327M
YoY Change -16.81%
Total Long-Term Assets $33.04M $35.16M
YoY Change 30.59%
TOTAL ASSETS
Total Short-Term Assets $154.4M $57.71M
Total Long-Term Assets $33.04M $35.16M
Total Assets $187.5M $92.87M
YoY Change 101.66%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $4.061M $4.498M
YoY Change 19.44%
Accrued Expenses $12.25M $16.12M
YoY Change 19.09%
Deferred Revenue $29.51M $28.43M
YoY Change 29.15%
Short-Term Debt $0.00 $0.00
YoY Change
Long-Term Debt Due $0.00 $0.00
YoY Change -100.0%
Total Short-Term Liabilities $54.31M $57.61M
YoY Change 23.36%
LONG-TERM LIABILITIES
Long-Term Debt $10.00M $9.995M
YoY Change 177.78%
Other Long-Term Liabilities $4.318M $3.140M
YoY Change
Total Long-Term Liabilities $10.00M $9.995M
YoY Change 177.78%
TOTAL LIABILITIES
Total Short-Term Liabilities $54.31M $57.61M
Total Long-Term Liabilities $10.00M $9.995M
Total Liabilities $75.18M $78.23M
YoY Change 36.75%
SHAREHOLDERS EQUITY
Retained Earnings -$181.9M -$167.8M
YoY Change 39.7%
Common Stock $0.00 $0.00
YoY Change
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $112.3M -$137.3M -$106.2M
YoY Change
Total Liabilities & Shareholders Equity $187.5M $92.87M
YoY Change 101.66%

Cashflow Statement

Concept 2021 Q4 2021 Q3 2020 Q3
OPERATING ACTIVITIES
Net Income -$14.07M -$14.22M -$10.40M
YoY Change 36.68%
Depreciation, Depletion And Amortization $3.389M $3.200M $2.400M
YoY Change -31.96% 33.33%
Cash From Operating Activities -$10.06M -$3.274M -$2.300M
YoY Change 266.07% 42.35%
INVESTING ACTIVITIES
Capital Expenditures -$2.150M -$3.115M $470.0K
YoY Change -0.69% -762.77%
Acquisitions
YoY Change
Other Investing Activities
YoY Change
Cash From Investing Activities -$2.150M -$3.115M -$470.0K
YoY Change -0.69% 562.77%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities 107.8M 4.284M -880.0K
YoY Change -4342.86% -586.82%
NET CHANGE
Cash From Operating Activities -10.06M -3.274M -2.300M
Cash From Investing Activities -2.150M -3.115M -470.0K
Cash From Financing Activities 107.8M 4.284M -880.0K
Net Change In Cash 95.61M -2.105M -3.650M
YoY Change -1382.77% -42.33%
FREE CASH FLOW
Cash From Operating Activities -$10.06M -$3.274M -$2.300M
Capital Expenditures -$2.150M -$3.115M $470.0K
Free Cash Flow -$7.906M -$159.0K -$2.770M
YoY Change 1258.42% -94.26%

Facts In Submission

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us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
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us-gaap Depreciation Depletion And Amortization
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us-gaap Provision For Doubtful Accounts
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us-gaap Provision For Doubtful Accounts
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us-gaap Share Based Compensation
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us-gaap Share Based Compensation
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Description of the BusinessWeave Communications, Inc. (the “Company”) sells subscriptions for its integrated communications platform, which combines software communication and analysis tools with voice over internet protocol (“VoIP”) phone services. The Company was incorporated in the state of Delaware in October 2015 and its corporate headquarters are located in Lehi, UT.
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us-gaap Capitalized Contract Cost Amortization
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us-gaap Depreciation Depletion And Amortization
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5677000 USD
CY2021Q3 us-gaap Operating Leases Future Minimum Payments Due Thereafter
OperatingLeasesFutureMinimumPaymentsDueThereafter
44485000 USD
CY2021Q3 us-gaap Operating Leases Future Minimum Payments Due
OperatingLeasesFutureMinimumPaymentsDue
65715000 USD
us-gaap Net Income Loss
NetIncomeLoss
-31035000 USD
CY2021Q3 us-gaap Redeemable Preferred Stock Dividends
RedeemablePreferredStockDividends
585000 USD
CY2021Q3 us-gaap Net Income Loss
NetIncomeLoss
-14220000 USD
CY2020Q3 us-gaap Net Income Loss
NetIncomeLoss
-10404000 USD
us-gaap Net Income Loss
NetIncomeLoss
-37622000 USD
CY2020Q3 us-gaap Redeemable Preferred Stock Dividends
RedeemablePreferredStockDividends
538000 USD
us-gaap Redeemable Preferred Stock Dividends
RedeemablePreferredStockDividends
1691000 USD
us-gaap Redeemable Preferred Stock Dividends
RedeemablePreferredStockDividends
1564000 USD
CY2021Q3 us-gaap Net Income Loss Available To Common Stockholders Diluted
NetIncomeLossAvailableToCommonStockholdersDiluted
-14805000 USD
CY2021Q3 us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
-14805000 USD
CY2020Q3 us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
-10942000 USD
CY2020Q3 us-gaap Net Income Loss Available To Common Stockholders Diluted
NetIncomeLossAvailableToCommonStockholdersDiluted
-10942000 USD
us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
-39313000 USD
us-gaap Net Income Loss Available To Common Stockholders Diluted
NetIncomeLossAvailableToCommonStockholdersDiluted
-39313000 USD
us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
-32599000 USD
us-gaap Net Income Loss Available To Common Stockholders Diluted
NetIncomeLossAvailableToCommonStockholdersDiluted
-32599000 USD
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
11214369 shares
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
11214369 shares
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
13250767 shares
CY2021Q3 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
14317575 shares
CY2021Q3 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
14317575 shares
CY2020Q3 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
11521625 shares
CY2020Q3 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
11521625 shares
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
13250767 shares
CY2021Q3 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
-1.03
CY2021Q3 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
-1.03
CY2020Q3 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
-0.95
CY2020Q3 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
-0.95
us-gaap Earnings Per Share Basic
EarningsPerShareBasic
-2.97
us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
-2.97
us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
-2.91
us-gaap Earnings Per Share Basic
EarningsPerShareBasic
-2.91
us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
52456407 shares
us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
51277083 shares

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