Dental practice management software developer Weave saw a revenue increase of 19.3 percent in the second quarter of 2023, according to its financial results released Aug. 2.
Here are three more things to know about the report:
1. Total revenue was $41.7 million in the second quarter of 2023, an increase compared to the $34.9 million recorded in the second quarter of 2022.
2. Weave is projecting between $41.7 million and $42.7 million in revenue in the third quarter of 2023 and between $164.7 million and $166.7 million in revenue for the entirety of 2023.
3. The company's free cash flow was $0.9 million in the quarter compared to negative $2.4 million in the second quarter of 2022.