Weave Communications, Inc. Earnings Per Share Disclosure
| Year Ended December 31, | |||||||||||||||||
| 2024 | 2023 | 2022 | |||||||||||||||
| Numerator: | |||||||||||||||||
| Net loss | $ | (28,346) | $ | (31,031) | $ | (49,738) | |||||||||||
| Denominator: | |||||||||||||||||
| Weighted-average common shares outstanding - basic and diluted | 71,656,892 | 67,694,978 | 65,083,198 | ||||||||||||||
| Net loss per share | |||||||||||||||||
| Net loss per share, basic and diluted | $ | (0.40) | $ | (0.46) | $ | (0.76) | |||||||||||
| Year Ended December 31, | |||||||||||||||||
| 2024 | 2023 | 2022 | |||||||||||||||
| Options to purchase common stock | 1,461,110 | 1,840,735 | 4,185,876 | ||||||||||||||
| Number of shares issuable from ESPP | 134,606 | 123,899 | 253,038 | ||||||||||||||
| Restricted stock units | 6,675,938 | 7,504,848 | 8,278,361 | ||||||||||||||
| Total | 8,271,654 | 9,469,482 | 12,717,275 | ||||||||||||||
About Earnings Per Share Disclosures
The earnings per share disclosure breaks down the calculation from net income to both basic and diluted EPS, revealing the full impact of a company's capital structure on per-share economics. The reconciliation between basic and diluted share counts exposes how many stock options, RSUs, convertible securities, and warrants are potentially dilutive to existing shareholders.
Key signals: a widening gap between basic and diluted shares indicates growing dilution from equity compensation or convertible instruments. Anti-dilutive securities excluded from the diluted calculation deserve attention — they represent latent dilution that will materialize if the stock price rises. Watch for the effect of share buybacks on per-share metrics: EPS growth driven primarily by repurchases rather than income growth signals weakening fundamentals. Compare year-over-year changes in the diluted share count against equity compensation expense to assess whether management is effectively managing dilution.