Weave Communications, Inc. (WEAV) stock plummeted by 13.62% in pre-market trading on Friday, February 21, 2025, following the company's Q4 2024 earnings report and disappointing guidance for the upcoming year.
During the earnings call, Weave Communications provided a 2025 revenue outlook in the range of $232 million to $237 million, indicating a slowdown in growth compared to previous years. This outlook fell short of analysts' expectations, leading to the sharp sell-off in the company's shares.
The company attributed the slower growth projection to increased investments planned for 2025 in areas such as artificial intelligence (AI), payments solutions, and expansion into new medical verticals. While these investments are aimed at driving long-term growth, they are expected to impact profitability in the short term.
Despite the muted outlook, Weave Communications executives expressed confidence in the company's growth opportunities. They highlighted positive momentum in the payments business, partnerships, and the specialty medical vertical. However, the full benefits of these initiatives may not be realized until the second half of 2025.
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