WidePoint

WidePoint Corp. engages in the provision of trusted mobility management (TM2) solutions. It operates through the Carrier Services and Managed Services segments. The Carrier Services segment includes bills for costs incurred to deliver phone, data and satellite and related mobile services for a connected device or end point. The Managed Services segment delivers managed services under a full-service, quasi full-service or self-service solution. The company was founded on May 30, 1997 and is headquartered in Fairfax, VA.

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WidePoint posts strong Q1 results, secures $2.7B Navy contract

WidePoint's Q1 performance reflects financial stability and growth momentum. With a focus on high-margin businesses and technology solutions, the company is well-positioned to leverage its contract wins and pipeline for future success. Strategic investments in sales and marketing underscore management's confidence in sustained growth.

WidePoint reports stellar Q2 results, secures major government contracts

WidePoint's Q2 2024 earnings call reflects strong financial performance, notable contract wins, and strategic initiatives to drive growth and enhance market competitiveness. While challenges in execution and project management may arise, the company is well-positioned to capitalize on opportunities in the federal sector and technology market.

WidePoint reports stellar Q3 results, poised for growth opportunities

WidePoint's Q3 2024 earnings call highlights robust financial growth, strong product demand, and strategic advancements positioning the company for future success.
While facing challenges in maintaining margins and managing costs, WidePoint's partnerships and market opportunities offer avenues for sustained growth and profitability.
Investors should take note of WidePoint's solid performance, expanding contract backlog, and strategic initiatives that bode well for the company's future growth trajectory.

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WidePoint Corp. engages in the provision of Technology Management as a Service (TMaaS). The firm is involved in providing managed services for government and commercial clients that include identity management, secure mobility managed services, telecom lifecycle management, digital billing and analytics, and Information Technology as a service (ITaaS). The company was founded on May 30, 1997 and is headquartered in Fairfax, VA.

WidePoint's Identity & Access Management Solution Selected to Deliver Cyber, Physical, Managed and Integration Security Services FAIRFAX, VA / ACCESSWIRE / December 9, 2024 / WidePoint Corporation (NYSE American:WYY) , the innovative enterprise cyber security and mobile technology provider, announced a new contract award in partnership with 22Vets Technologies ("22Vets"). WidePoint will deliver Non-Federal Issuer ("NFI") for PIV-Interoperable credentials in support of a global energy service company's new Smart City Internet of Things ("IoT") program.

WidePoint Partners with 22Vets Technologies for Smart City Internet of Things Program

WidePoint Corporation (NYSE:WYY ) Q3 2024 Earnings Conference Call November 13, 2024 4:30 PM ET Company Participants Jin Kang - President and CEO Jason Holloway - Chief Revenue Officer Robert George - CFO Conference Call Participants Barry Sine - Litchfield Hills Research Scott Buck - H.C. Wainwright Operator Good afternoon and welcome to WidePoint's Third Quarter 2024 Earnings Conference Call.

WidePoint Corporation (WYY) Q3 2024 Earnings Call Transcript

WidePoint (WYY) came out with a quarterly loss of $0.04 per share versus the Zacks Consensus Estimate of a loss of $0.07. This compares to loss of $0.10 per share a year ago.

WidePoint (WYY) Reports Q3 Loss, Tops Revenue Estimates

Company remains on track to hit higher end of annual guidance range FAIRFAX, VA / ACCESSWIRE / November 13, 2024 / WidePoint Corporation (NYSE American:WYY) , the innovative enterprise cyber security and mobile technology provider, reported results for the third quarter and nine-months ended September 30, 2024. Third Quarter 2024 and Recent Operational Highlights: Won $15.2 million in contract awards and renewals during the third quarter of 2024, of which $1.4 million were IT as a Service contracts Awarded two MobileAnchor Digital Credential contracts for the quarter from federal defense and civilian agencies Certified and successfully deployed new proprietary MobileAnchor Digital Credential solution into two Federal Agencies 29 th consecutive quarter of positive Adjusted EBITDA 1 Fourth consecutive quarter ending free cash flow positive Third Quarter 2024 Financial Highlights: Revenues were $34.6 million, a 35% increase from the same quarter last year Adjusted EBITDA 1 , a non-GAAP financial measure, was $574,000, a 149% improvement from the same quarter last year Gross margin was 14%, and gross margin excluding carrier services revenue increased to 38% from 35% in the same period last year Net loss improved to ($425,200) compared to ($921,100) from the same period last year, or a loss of ($0.04) per diluted share Free cash flow 1 , a non-GAAP financial measure, was $511,000, or an improvement of 120% compared to the same period last year As of September 30, 2024, cash was $5.6 million with no bank debt Nine Months 2024 Financial Highlights: Revenues were $104.9 million, a 35% increase from the same quarter last year Adjusted EBITDA, a non-GAAP financial measure, was $1.9 million, a 424% increase from the same quarter last year Gross margin was 14%, and gross margin excluding carrier services revenue was 33% Net loss improved to ($1.6) million or a loss of ($0.17) per diluted share from ($2.7) million in the same period last year Free cash flow, a non-GAAP financial measure, was $1.9 million compared to ($590,000) from the same period last year 1 Free cashflow and Adjusted EBITDA are non-GAAP financial measures.

WidePoint Reports Third Quarter 2024 Financial Results

WidePoint (WYY) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.

WidePoint (WYY) May Report Negative Earnings: Know the Trend Ahead of Next Week's Release

FAIRFAX, VA / ACCESSWIRE / October 31, 2024 / WidePoint Corporation (NYSE American:WYY) , the innovative enterprise cyber security and mobile technology provider, will hold a conference call on Wednesday, November 13, 2024, at 4:30 p.m. Eastern time to discuss its financial results for the third quarter ended September 30, 2024.

WidePoint Sets Third Quarter 2024 Conference Call for Wednesday, November 13, 2024 at 4:30 p.m. ET

FAIRFAX, VA / ACCESSWIRE / October 30, 2024 / WidePoint Corporation (NYSE American:WYY) , the innovative enterprise cyber security and mobile technology provider, announced that its subsidiary IT Authorities ("ITA") has been awarded more than $1.7 million in Cisco and Managed IT Services contracts. Jin Kang, WidePoint's Chief Executive Officer, stated: "These contracts, including $1.4 million in previously disclosed awards dated Q3 2024, illustrate the value and resilience of ITA.

WidePoint's Subsidiary IT Authorities Awarded More than $1.7 Million in Cisco and Managed IT Services Contracts

FAIRFAX, VA / ACCESSWIRE / October 23, 2024 / WidePoint Corporation (NYSE American:WYY) , the innovative enterprise cyber security and mobile technology provider, announced it was awarded approximately $15.2 million in contract awards and renewals during the third quarter of 2024. Jin Kang, WidePoint's Chief Executive Officer, stated: "Q3 2024 confirms that each of WidePoint's solution lines is gaining market momentum.

WidePoint Awarded More than $15.2 Million in New and Renewal Contracts in Q3 2024

FAIRFAX, VA / ACCESSWIRE / October 14, 2024 / WidePoint Corporation (NYSE American: WYY ), the innovative enterprise cyber security and mobile technology provider, will be attending the 17th annual LD Micro Main Event on October 28-30, 2024 at the Luxe Sunset Boulevard Hotel in Los Angeles, California. WidePoint is scheduled to present on Wednesday, October 30th at 8:00 a.m.

WidePoint to Present at the 17th Annual LD Micro Main Event on Wednesday, October 30th at 8:00 a.m. PT

FAIRFAX, VA / ACCESSWIRE / September 30, 2024 / WidePoint Corporation (NYSE American:WYY), the innovative enterprise cyber security and mobile technology provider, announced it has been awarded a new one-year agreement for MobileAnchor™ Derived Digital Credentials for a Federal Civilian Agency. WidePoint will provide identity and access management services and support through its recently developed proprietary MobileAnchor™ Derived Digital Credential.

WidePoint Awarded New Federal Contract for MobileAnchor Derived Digital Identity & Access Management Credentials

WidePoint (WYY) could be a great choice for investors looking to buy stocks that have gained strong momentum recently but are still trading at reasonable prices. It is one of the several stocks that made it through our 'Fast-Paced Momentum at a Bargain' screen.

Despite Fast-paced Momentum, WidePoint (WYY) Is Still a Bargain Stock

FAIRFAX, VA / ACCESSWIRE / August 27, 2024 / WidePoint Corporation (NYSE American:WYY), the innovative enterprise cyber security and mobile technology provider, will be presenting and holding one-on-one meetings at the H.C. Wainwright 26th Annual Global Investment Conference on September 9-11, 2024 at the Lotte New York Palace Hotel in New York City.

WidePoint to Present at the H.C. Wainwright 26th Annual Global Investment Conference on September 11, 2024

WidePoint Corporation (NYSE:WYY ) Q2 2024 Earnings Conference Call August 14, 2024 4:30 PM ET Company Participants Jin Kang - President and CEO Jason Holloway - Chief Revenue Officer Robert George - CFO Conference Call Participants Barry Sine - Litchfield Hills Research Operator Good afternoon. Welcome to WidePoint's Second Quarter 2024 Earnings Conference Call.

WidePoint Corporation (WYY) Q2 2024 Earnings Call Transcript

FAIRFAX, VA / ACCESSWIRE / August 14, 2024 / WidePoint Corporation (NYSE American: WYY ), the innovative enterprise cyber security and mobile technology provider, reported results for the second quarter and six-months ended June 30, 2024. Second Quarter 2024 and Recent Operational Highlights: Awarded $254 million contract modification by the U.S. Department of Homeland Security increasing the ceiling of the Cellular Wireless Management Services 2.0 contract from $500 million to $754 million Selected by the U.S. Navy as one of seven contractors for the 10-Year, $2.7 billion Spiral 4 contract Certified and successfully deployed new proprietary MobileAnchor Digital Credential into a Federal Agency 28th consecutive quarter of positive Adjusted EBITDA Third consecutive quarter ending free cash flow positive Second Quarter 2024 Financial Highlights: Revenues were $36 million, a 35% increase from the same quarter last year Adjusted EBITDA, a non-GAAP financial measure, was $811,000, a 479% improvement from the same quarter last year Gross margin was 14%, and gross margin excluding carrier services revenue was 31% Net loss decreased to $500,000 compared to $842,000 from the same period last year, or a loss of $(0.05) per diluted share Free cash flow1, a non-GAAP financial measure, was $800,000, or an improvement of 467% compared to the same period last year As of June 30, 2024, cash was $4.0 million with no bank debt Six Months 2024 Financial Highlights: Revenues were $70.2 million, a 35% increase from the same quarter last year Adjusted EBITDA, a non-GAAP financial measure, was $1.4 million, a 764% increase from the same quarter last year Gross margin was 14%, and gross margin excluding carrier services revenue was 31% Net loss decreased to $1.2 million or a loss of $(0.13) per diluted share compared to $1.8 million in the same period last year, Free cash flow1, a non-GAAP financial measure, was $1.4 million 1 Free cash flow, a non-GAAP financial measure, is defined as Adjusted EBITDA less capital expenditures Management Commentary "We continue to make significant strides in our sequential financial performance and growth, with notable improvements in both our top-line results and adjusted EBITDA," said WidePoint CEO Jin Kang.

WidePoint WYY Reports Second Quarter and Year to Date 2024 Financial Results

FAIRFAX, Va., Aug. 06, 2024 (GLOBE NEWSWIRE) -- WidePoint Corporation (NYSE American: WYY), the innovative enterprise cyber security and mobile technology provider, is confirmed to present at the 2024 Annual Gateway Conference, which is being held September 4-5, at the Four Seasons Hotel in San Francisco, CA.

WidePoint to Present at the 2024 Gateway Conference on September 4 at 9:00 a.m. Pacific Time

FAIRFAX, VA / ACCESSWIRE / July 31, 2024 / WidePoint Corporation (NYSE American:WYY) , the innovative enterprise cyber security and mobile technology provider, will hold a conference call on Wednesday, August 14, 2024 at 4:30 p.m. Eastern time to discuss its financial results for the second quarter ended June 30, 2024.

WidePoint Sets Second Quarter 2024 Conference Call for Wednesday, August 14, 2024 at 4:30 p.m. ET

FAIRFAX, VA / ACCESSWIRE / July 30, 2024 / WidePoint Corporation (NYSE American:WYY) , the innovative enterprise cyber security and mobile technology provider, announced it has successfully deployed a new product offering into a Federal Agency, a proprietary derived digital credential for mobile devices called MobileAnchor™. Jin Kang, WidePoint's Chief Executive Officer, stated: "I am excited to announce that WidePoint has successfully developed, tested, and authenticated MobileAnchor™ which is stored directly on the mobile device, providing the highest level of security available.

WidePoint Certifies New Proprietary MobileAnchor Digital Credential for Mobile Devices

FAIRFAX, VA / ACCESSWIRE / July 9, 2024 / WidePoint Corporation ( NYSE American:WYY ), the innovative enterprise cyber security and mobile technology provider, announced that it was awarded approximately $2.84 million in new contracts and renewals. Jin Kang, WidePoint's Chief Executive Officer, stated: "We are very excited about our business development momentum.

WidePoint Awarded $2.84 Million in New and Renewal Contracts

FAIRFAX, VA / ACCESSWIRE / June 25, 2024 / WidePoint Corporation (NYSE American:WYY) , the innovative enterprise cyber security and mobile technology provider, announced that the U.S. Department of Homeland Security ("DHS") has increased the ceiling of the Cellular Wireless Managed Services ("CWMS") 2.0 Indefinite Delivery/Indefinite Quantity ("IDIQ") contract from $500 million to $754 million, an increase of $254 million. All other terms and conditions of the CWMS 2.0 contract remain unchanged.

WidePoint Awarded $254 Million Ceiling Increase in U.S. Department of Homeland Security Cellular Wireless Managed Services 2.0 IDIQ Contract

WidePoint Corporation (NYSE:WYY ) Q1 2024 Earnings Conference Call May 15, 2024 4:30 PM ET Company Participants Jin Kang - President and CEO Jason Holloway - Chief Revenue Officer Robert George - Chief Financial Officer Conference Call Participants Barry Sine - Litchfield Hills Research Operator Good afternoon. Welcome to WidePoint's First Quarter 2024 Earnings Conference Call.

WidePoint Corporation (WYY) Q1 2024 Earnings Call Transcript

FAIRFAX, VA / ACCESSWIRE / May 15, 2024 / WidePoint Corporation (NYSE American:WYY) , the innovative enterprise cyber security and mobile technology provider, reported results for the first quarter ended March 31, 2024. First Quarter 2024 and Recent Operational Highlights: Selected by the U.S. Navy as one of seven contractors for the 10-Year, $2.7 billion Spiral 4 contract Awarded more than 18 contractual actions resulting in approximately $22.7 million in contract value in Q1 2024 Awarded a 3-year contract valued at over $1.4 million from a major Florida attraction and research center to provide managed IT cyber services 27th consecutive quarter of positive Adjusted EBITDA Second consecutive quarter ending free cash flow positive First Quarter 2024 Financial Highlights: Revenues were $34.2 million, a 35% increase from the same quarter last year Gross margin was 14%, and gross margin excluding carrier services revenue was 31% Net loss totaled $0.7 million, or a loss of $(0.07) per diluted share Adjusted EBITDA, a non-GAAP financial measure, was $573,000 Free cashflow was $566,000 As of March 31, 2024, cash was $5.3 million with no bank debt Management Commentary "We've carried the fourth quarter momentum into the new year, with our results ahead of our forecast, and vast improvements in our year over year and sequential quarter performance in our top-line and free cash flow, and doubling our adjusted EBITDA compared to last quarter," said WidePoint CEO Jin Kang.

WidePoint WYY Reports First Quarter 2024 Financial Results

WidePoint is Among 7 Companies Selected by the U.S. Navy to Provide Wireless and Telecommunications Services. FAIRFAX, VA / ACCESSWIRE / May 8, 2024 / WidePoint Corporation (NYSE American:WYY) , the innovative enterprise security and mobile technology provider, announced that the U.S. Navy has included the company in the fourth iteration of the Wireless and Telecommunications Services vehicle ("Spiral 4").

WidePoint Selected by the U.S. Navy for the 10-Year, $2.7 Billion Spiral 4 Contract

FAIRFAX, VA / ACCESSWIRE / May 1, 2024 / WidePoint Corporation (NYSE American:WYY) , the innovative technology Managed Solution Provider (MSP) specializing in Identity & Access Management (IAM), Telecommunications and Managed Mobility Services (MMS), Analytics & Billing as a Service (ABaaS), and IT as a Service (ITaaS), will hold a conference call on Wednesday, May 15, 2024 at 4:30 p.m. Eastern time to discuss its financial results for the first quarter ended March 31, 2024.

WidePoint Sets First Quarter 2024 Conference Call for Wednesday, May 15, 2024 at 4:30 p.m. ET

FAIRFAX, VA / ACCESSWIRE / April 23, 2024 / WidePoint Corporation (NYSE American:WYY) , the innovative technology Managed Solution Provider (MSP) specializing in Identity & Access Management (IAM), Telecommunications and Managed Mobility Services (MMS), Analytics & Billing as a Service (ABaaS), and IT as a Service (ITaaS), announced that it was awarded approximately $22.7 million in contracts during the first quarter of 2024. Jin Kang, WidePoint's CEO, stated: "WidePoint entered 2024 on a high note and carried the momentum from 2023 into the new year, with more than 18 contractual actions totaling approximately $22.7 million.

WidePoint Awarded $22.7 Million in Tech and Cyber Security Services Contracts During Q1 2024

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