YOUR DAILY GUMMY- WEAV
Weave raises FY23 revenue view to $168.3M-$169.3M, consensus $165.9M » 17:17 WEAV
Weave Communications, Inc. (WEAV) $24 IPO now $7 /
NYSE - NYSE Delayed Price.
7.02-0.14(-1.96%)
At close: November 1 04:00PM EDT
7.40+0.38(+5.41%)<--------------------------
After hours:Nov 1, 07:31PM EDT
Description
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 tasks. The company's products include Customized Phone System, a smarter phone system to identify whether incoming calls are from new or current customers, provide information at every call, and manages heavy call times; Weave Text Messaging to communicate with customers; Weave Missed Call Text to take action in real time upon notification of a missed call; Weave Team, a group messaging solution that helps businesses and their team members communicate with each other from their work stations; and Weave Mobile App to text customers, request payments, and receive and make calls. It also offers Weave Reviews to request, collect, monitor, and respond to reviews; Weave Email Marketing, an email system; Text Connect to interact with their existing and potential customers online directly through their websites; Weave Payments, a payment processing solution; Customer Insights to collect payments faster, improve personalized engagement with each customer, and recommend follow-up items. In addition, the company provides Digital Forms to fill out critical information; Insurance Verification that provides patient insurance plan details; and Scheduling to send automatic scheduling reminders through text message or email reminders. It serves customers in dental, optometry, veterinary, physical therapy, home services, audiology, medical specialty services, and podiatry industries. The company was formerly known as Recall Solutions, LLC and changed its name to Weave Communications, Inc. in October 2015. Weave Communications, Inc. was founded in 2008 and is headquartered in Lehi, Utah.
WEAV IPO's at $24// If they get their act together we can assume upgrades from:
Goldman Sachs & Co. LLC, BofA Securities and Citigroup are acting as lead book-running managers for the offering.Piper Sandler,Raymond James, Stifel,William Blair, Guggenheim Securities, Academy Securities, Loop Capital Markets and Tigress Financial Partners are acting as co-managers for the offering.
From the IPO time>
Based upon its research,
Weave'sForm S-1suggests that its
(Total) Available Marketin the U.S. is roughly $11.1 billion annually (based upon SMBs in America with fewer than 500 employees).
So far,
Weavebelieves it has achieved a 10% market penetration in the dental industry in the U.S.
By contrast, it feels its total combined penetration into the combined dental, optometry, veterinary, medical specialty services, and home services vertical markets is approximately 3%.
Weave Milestonesgraphic copied from its Form S-1 on theSECwebsite 18 October 2021.
