Weave’s operating at a net loss, but they’re not burning nearly as much cash

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Jul 11, 2022
3:47:46pm

NottherealJWill Starter

They’ll have sufficient runway for the next year or two at least. But can any of these companies ever make money???

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NottherealJWill

Bio page: NottherealJWill
Joined: Dec 2, 2015
Last login: May 28, 2024
Total posts: 989 (14 FO)

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Messages

Author

Time

To whoever works at Owlet - your cash position is frightening

NottherealJWill

7/11/22 3:25pm

What's your take on Weave and their recent IPO?

RockyBalboa

7/11/22 3:28pm

Weave has a strong product, revenue, and customer base. They spent money just to spend. They stupidly rushed to market,

specsauce

7/11/22 3:34pm

Weave’s operating at a net loss, but they’re not burning nearly as much cash

NottherealJWill

7/11/22 3:47pm

If weave substantially increases their customer base they can - but are they

Saxa

7/11/22 4:13pm

Weave has a lot of bloat that they don’t need, based on my somewhat knowledgeable outsiders perspective, including high

specsauce

7/11/22 6:29pm

I'm curious what you think about Divvy getting acquired by Bill.com

RockyBalboa

7/12/22 7:10am

I'm a CPA and former auditor and I like looking at financials as much as anyone,

RH84025

7/11/22 3:35pm

The hope was that it would put me to sleep!

NottherealJWill

7/11/22 3:38pm

We bought a used owlet recently since we have a baby with Epilepsy. Turned out

VenturaCoug

7/11/22 3:39pm

The FDA determining they can’t do oxygen levels and heart rate together really

orrin7

7/11/22 3:55pm

I agree with your point about IPOs. Public reporting requirements, regulatory compliance work, as well as the dog and

specsauce

7/11/22 6:34pm

Yeah, extremely frustrating how the FDA is restricting them.

Powerbait DPM

7/18/22 4:57pm

I’m not happy about the FDA. I’m just surprised it took like 4 years or so.

orrin7

7/18/22 5:05pm

What harm is the FDA protecting the consumer from by preventing owlet from

Powerbait DPM

7/18/22 6:12pm

Sorry I misunderstood your original comment as sarcastic. I’m glad we got

orrin7

7/18/22 6:57pm

Oh sorry, I can see how it came across that way. But we are very frustrated with

Powerbait DPM

7/18/22 7:05pm

Yeah I agree with you there and feel the same way. We have a sock 3 and I think

orrin7

7/18/22 7:17pm

I think we might have a working smart sock from the 2nd kid. Does it still have

Powerbait DPM

7/18/22 8:02pm

If you have the old app it should be there. My understanding is the quit

orrin7

7/18/22 8:03pm

Today I'm seeing a few LinkedIn connections being let go from there

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