Weave Communications, Inc. Annual report [Section 13 and 15(d), not S-K Item 405]

Annual report [Section 13 and 15(d), not S-K Item 405]

CONSOLIDATED STATEMENTS OF CASH FLOWS

CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2024	Dec. 31, 2023	Dec. 31, 2022
CASH FLOWS FROM OPERATING ACTIVITIES
Net loss	$ (28,346)	$ (31,031)	$ (49,738)
Adjustments to reconcile net loss to net cash provided by (used in) operating activities
Depreciation and amortization	11,517	12,001	12,964
Amortization of operating right-of-use assets	3,951	3,831	3,681
Provision for losses on accounts receivable	1,867	1,164	729
Amortization of deferred contract costs	13,418	12,171	11,120
Loss on disposal of assets	1	16	4
Stock-based compensation, net of amount capitalized	32,220	22,823	18,752
Net accretion of discounts on short-term investments	(2,134)	(2,668)	(413)
Changes in operating assets and liabilities:
Accounts receivable	(2,099)	(1,379)	(966)
Deferred contract costs	(15,304)	(13,313)	(12,343)
Prepaid expenses and other assets	373	(680)	(93)
Accounts payable	3,116	1,323	(330)
Accrued liabilities	(941)	4,855	1,786
Operating lease liabilities	(3,970)	(3,714)	(2,534)
Deferred revenue	480	4,822	4,615
Net cash provided by (used in) operating activities	14,149	10,221	(12,766)
CASH FLOWS FROM INVESTING ACTIVITIES
Maturities of short-term investments	66,438	62,150	0
Purchases of short-term investments	(53,771)	(66,199)	(50,915)
Proceeds from sale of assets	0	0	16
Purchases of property and equipment	(2,185)	(1,691)	(1,895)
Capitalized internal-use software costs	(1,600)	(1,999)	(1,232)
Net cash provided by (used in) investing activities	8,882	(7,739)	(54,026)
CASH FLOWS FROM FINANCING ACTIVITIES
Principal payments on line of credit	0	(10,000)	0
Principal payments on finance leases	(7,060)	(7,530)	(8,709)
Proceeds from stock option exercises	1,727	12,866	1,315
Payments for taxes related to net share settlement of equity awards	(18,855)	(10,388)	0
Paid offering costs	0	0	(671)
Proceeds from the employee stock purchase plan	1,997	1,329	858
Net cash used in financing activities	(22,191)	(13,723)	(7,207)
NET INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS	840	(11,241)	(73,999)
CASH AND CASH EQUIVALENTS, BEGINNING OF PERIOD	50,756	61,997	135,996
CASH AND CASH EQUIVALENTS, END OF PERIOD	51,596	50,756	61,997
SUPPLEMENTAL DISCLOSURE OF CASH FLOW INFORMATION:
Cash paid during the period for interest	1,523	1,923	1,441
Cash paid during the period for income taxes	189	260	104
SUPPLEMENTAL DISCLOSURE OF NONCASH INVESTING AND FINANCING ACTIVITIES:
Equipment purchases financed with accounts payable	28	52	13
Finance lease liabilities arising from obtaining finance lease right-of-use assets	7,395	7,183	6,655
Operating lease liabilities arising from obtaining operating lease right-of-use assets	149	154	309
Unrealized gain (loss) on short-term investments	(21)	31	12
Stock-based compensation included in capitalized software development costs	$ 34	$ 0	$ 0