Weave Communications, Inc. Quarterly report pursuant to Section 13 or 15(d)

Quarterly report pursuant to Section 13 or 15(d)

CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS

CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($) $ in Thousands	9 Months Ended
	Sep. 30, 2023	Sep. 30, 2022
CASH FLOWS FROM OPERATING ACTIVITIES
Net loss	$ (23,992)	$ (40,471)
Adjustments to reconcile net loss to net cash provided by (used in) operating activities
Depreciation and amortization	8,969	9,844
Amortization of operating right-of-use assets	2,857	2,742
Provision for losses on accounts receivable	846	458
Amortization of deferred contract costs	8,984	8,236
Loss on disposal of assets	12	10
Stock-based compensation	16,576	13,227
Net accretion of discounts on short-term investments	(2,008)	0
Changes in operating assets and liabilities:
Accounts receivable	(1,263)	(1,052)
Deferred contract costs	(9,820)	(8,490)
Prepaid expenses and other assets	396	934
Accounts payable	989	(712)
Accrued liabilities	3,189	3,923
Operating lease liabilities	(2,766)	(1,688)
Deferred revenue	3,510	3,114
Net cash provided by (used in) operating activities	6,479	(9,925)
CASH FLOWS FROM INVESTING ACTIVITIES
Maturities of short-term investments	43,900	0
Purchases of short-term investments	(45,735)	0
Proceeds from sale of assets	0	9
Purchases of property and equipment	(1,513)	(1,191)
Capitalized internal-use software costs	(1,370)	(1,003)
Net cash used in investing activities	(4,718)	(2,185)
CASH FLOWS FROM FINANCING ACTIVITIES
Principal payments on finance leases	(5,666)	(6,694)
Proceeds from stock option exercises	11,353	979
Payments for taxes related to net share settlement of equity awards	(7,483)	0
Paid offering costs	0	(671)
Proceeds from the employee stock purchase plan	1,329	858
Net cash used in financing activities	(467)	(5,528)
NET INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS	1,294	(17,638)
CASH AND CASH EQUIVALENTS, BEGINNING OF PERIOD	61,997	135,996
CASH AND CASH EQUIVALENTS, END OF PERIOD	63,291	118,358
SUPPLEMENTAL DISCLOSURE OF CASH FLOW INFORMATION:
Cash paid during the period for interest	1,485	1,005
Cash paid during the period for income taxes	148	82
SUPPLEMENTAL DISCLOSURE OF NONCASH INVESTING AND FINANCING ACTIVITIES:
Equipment purchases financed with accounts payable	0	29
Finance lease liabilities arising from obtaining finance lease right-of-use assets	5,438	4,659
Operating lease liabilities arising from obtaining operating lease right-of-use assets	154	0
Accrued unpaid offering costs	0	271
Unrealized loss on short-term investments	$ (35)	$ 0