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Weave Communications (Weave Communications) EBIT : $-28.4 Mil (TTM As of Mar. 2024)


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What is Weave Communications EBIT?

Weave Communications's earnings before interest and taxes (EBIT) for the three months ended in Mar. 2024 was $-6.9 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Mar. 2024 was $-28.4 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Weave Communications's annualized ROC % for the quarter that ended in Mar. 2024 was -26.96%. Weave Communications's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2024 was -45.05%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. Weave Communications's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Mar. 2024 was -4.61%.


Weave Communications EBIT Historical Data

The historical data trend for Weave Communications's EBIT can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

* Premium members only.

Weave Communications EBIT Chart

Weave Communications Annual Data
Trend Dec19 Dec20 Dec21 Dec22 Dec23
EBIT
-31.25 -39.32 -50.45 -48.19 -28.85

Weave Communications Quarterly Data
Dec19 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24
EBIT Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only -7.37 -8.44 -6.55 -6.49 -6.87

Competitive Comparison of Weave Communications's EBIT

For the Health Information Services subindustry, Weave Communications's EV-to-EBIT, along with its competitors' market caps and EV-to-EBIT data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.


Weave Communications's EV-to-EBIT Distribution in the Healthcare Providers & Services Industry

For the Healthcare Providers & Services industry and Healthcare sector, Weave Communications's EV-to-EBIT distribution charts can be found below:

* The bar in red indicates where Weave Communications's EV-to-EBIT falls into.



Weave Communications EBIT Calculation

EBIT, sometimes also called Earnings Before Interest and Taxes, is a measure of a firm's profit that includes all expenses except interest and income tax expenses. It is the difference between operating revenues and operating expenses. When a firm does not have non-operating income, then Operating Income is sometimes used as a synonym for EBIT and operating profit.

EBIT for the trailing twelve months (TTM) ended in Mar. 2024 adds up the quarterly data reported by the company within the most recent 12 months, which was $-28.4 Mil.

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.


Weave Communications  (NYSE:WEAV) EBIT Explanation

1. EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition.

Weave Communications's annualized ROC % for the quarter that ended in Mar. 2024 is calculated as:

ROC % (Q: Mar. 2024 )
=NOPAT/Average Invested Capital
=Operating Income * ( 1 - Tax Rate % )/( (Invested Capital (Q: Dec. 2023 ) + Invested Capital (Q: Mar. 2024 ))/ count )
=-32.62 * ( 1 - -0.19% )/( (121.287 + 121.129)/ 2 )
=-32.681978/121.208
=-26.96 %

where

Note: The Operating Income data used here is four times the quarterly (Mar. 2024) data.

2. Joel Greenblatt's definition of Return on Capital:

Weave Communications's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2024 is calculated as:

ROC (Joel Greenblatt) %(Q: Mar. 2024 )
=EBIT/Average of (Net fixed Assets + Net Working Capital)
=EBIT/Average of (Property, Plant and Equipment+Net Working Capital)
     Q: Dec. 2023  Q: Mar. 2024
=EBIT/( ( (Property, Plant and Equipment + Net Working Capital) + (Property, Plant and Equipment + Net Working Capital) )/ count )
=-27.48/( ( (61.591 + max(-41.578, 0)) + (60.417 + max(-20.54, 0)) )/ 2 )
=-27.48/( ( 61.591 + 60.417 )/ 2 )
=-27.48/61.004
=-45.05 %

where Working Capital is:

Working Capital(Q: Dec. 2023 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(3.511 + 0 + 17.423) - (22.8 + 38.85 + 0.86199999999999)
=-41.578

Working Capital(Q: Mar. 2024 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(19.018 + 0 + 18.381) - (17.683 + 39.842 + 0.414)
=-20.54

When net working capital is negative, 0 is used.

Note: The EBIT data used here is four times the quarterly (Mar. 2024) EBIT data.

3. It is also linked to Joel Greenblatt's definition of Earnings Yield:

Weave Communications's Earnings Yield (Joel Greenblatt) % for today is calculated as:

Earnings Yield (Joel Greenblatt) %=EBIT (TTM)/Enterprise Value (Q: Mar. 2024 )
=-28.351/614.449
=-4.61 %

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.


Weave Communications EBIT Related Terms

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Weave Communications (Weave Communications) Business Description

Traded in Other Exchanges
N/A
Address
1331 West Powell Way, Lehi, UT, USA, 84043
Weave Communications Inc sells subscriptions for its integrated communications platform, which combines software, communication and analysis tools with voice over internet protocol (VoIP) phone services. The Company derives substantially all revenue from subscription services by providing customers access to its platform.
Executives
Matthew C. Hyde officer: Chief Revenue Officer C/O WEAVE COMMUNICATIONS, INC., 1331 W. POWELL WAY, LEHI UT 84043
Erin Goodsell officer: Chief Legal Officer & Corp.Sec C/O WEAVE COMMUNICATIONS, INC., 1331 W. POWELL WAY, LEHI UT 84043
Bessemer Venture Partners Ix L.p. 10 percent owner C/O BESSEMER VENTURE PARTNERS, 1865 PALMER AVENUE, SUITE 104, LARCHMONT NY 10538
Crosslink Capital Inc 10 percent owner 2180 SAND HILL ROAD, SUITE 200, MENLO PARK CA 94025
Branden Neish officer: Chief Product &Technology Ofcr C/O WEAVE COMMUNICATIONS, INC., 1331 W. POWELL WAY, LEHI UT 84043
Alan Taylor officer: Chief Financial Officer C/O WEAVE COMMUNICATIONS, INC., 1331 W POWELL WAY, LEHI UT 84043
Tiger Global Management Llc 10 percent owner 9 WEST 57TH STREET, 35TH FLOOR, NEW YORK NY 10019
George P Scanlon director 13410 SUTTON PARK DRIVE SOUTH, JACSKONVILLE FL 32224
Blake G Modersitzki director 2755 EAST COTTONWOOD PARKWAY, SUITE 520, SALT LAKE CITY UT 84121
Marty Smuin officer: Chief Operating Officer C/O WEAVE COMMUNICATIONS, INC., 1331 W. POWELL WAY, LEHI UT 84043
Wendy Harper officer: Chief Legal Officer & Corp.Sec C/O WEAVE COMMUNICATIONS, INC., 1331 W POWELL WAY, LEHI UT 84043
Harvey Stuart C. Jr director C/O TRUSTWAVE HOLDINGS, INC., 70 W. MADISON, SUITE 1050, CHICAGO IL 60602
Debora B Tomlin director 6550 OAK LEAF COURT, YOUNTVILLE CA 94599
Roy Banks director, officer: Chief Executive Officer 6129 WEST 9600 NORTH, HIGHLAND UT 84003
Coleman Charles P Iii 10 percent owner C/O TIGER GLOBAL MANAGEMENT, LLC, 9 WEST 57TH STREET, 35TH FLOOR, NEW YORK NY 10019