Weave Communications Inc

Weave Communications reported second-quarter revenue growth of 15.5% to $67.5 million and improved non-GAAP operating income to $3.2 million, but lowered its full-year revenue outlook to $273 million to $275 million due to a temporary bookings shortfall from a sales-organization transition. The company verticalized its inbound sales force and shifted outbound prospecting to a sales development representative model, which affected bookings from May through July. Despite the revenue revision, Weave raised its full-year non-GAAP operating income forecast to $12 million to $14 million, reflecting expected efficiency gains. The company also highlighted strong growth in AI interactions, including a 165% increase in custom AI usage, and expanded its athenahealth integration to reach more than 160,000 specialty medical providers.