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.

FAIRFAX, VA / ACCESSWIRE / October 12, 2021 / WidePoint Corporation (NYSE American:WYY) , the leading provider of Trusted Mobility Management (TM2) specializing in Identity Management (IdM), Telecommunications Lifecycle Management (TLM), and Digital Billing & Analytics solutions, today reported that itwas awarded more than $16.8 million in contract awards during the third quarter of 2021. Highlights include: IdM credentials for a District of Columbia government branch IdM credentials for a major public research university MMS for a major airline TLM for a global automotive manufacturer TLM for a Fortune 500 insurance provider Expansion of WidePoint's DHS CWMS 2.0 IDIQ contract occurred with additional funding awarded by numerous components' existing Task Orders, which included: U.S. Department of Homeland Security (DHS) Headquarters Transportation Security Administration (TSA) U.S. Customs and Border Protection (CBP) U.S. Immigration and Customs Enforcement (ICE) The U.S. Coast Guard The Federal Protective Service Federal Law Enforcement Training Centers U.S. Citizenship and Immigration Services (USCSIS) also transitioned to the DHS CWMS 2.0 contract vehicle during the quarter.

WidePoint Secures More than $16.8 Million in Identity Management and Managed Mobility Services Contracts During the Third Quarter of 2021

WidePoint Corp (NYSE: WYY) has acquired IT Authorities (ITA) for undisclosed financial terms. ITA provides information technology (IT) service offerings, including cybersecurity, cloud, network operations, and professional services.

WidePoint Acquires IT Authorities For Undisclosed Terms

Accretive Acquisition Expected to Provide Incremental Value by Adding Profitable Revenue, Increasing Capabilities, Broadening Footprint in the Commercial Sector, and Representing Strategic Upsell and Cross-sell Opportunities Conference Call Scheduled for Today, October 4th at 11:00 AM ET FAIRFAX, VA / ACCESSWIRE / October 4, 2021 / WidePoint Corporation (NYSE American:WYY) , the leading provider of Trusted Mobility Management (TM2) specializing in Identity Management (IdM), Telecommunications Lifecycle Management, and Digital Billing & Analytics solutions, has acquired IT Authorities (ITA) , a globally ranked Managed Service Provider (MSP), Managed Security Services Provider (MSSP), and Cloud Services Provider (CSP). IT Authorities Overview Based in Tampa, Florida, ITA is an award-winning provider of comprehensive information technology (IT) as a service offerings, including cybersecurity, cloud, network operations, and professional services.

WidePoint Acquires IT Authorities, a Leading Provider of Comprehensive IT as a Service (ITaaS)

WidePoint Corp (NYSE: WYY) reinstated its prior share repurchase program. WidePoint can buy back up to $2.1 million shares under the program.

WidePoint Shares Climb After Restoring Buyback Plan

FAIRFAX, VA / ACCESSWIRE / September 27, 2021 / WidePoint Corporation (NYSE American:WYY) , the leading provider of Trusted Mobility Management (TM2) specializing in Identity Management (IdM), Telecommunications Lifecycle Management, and Digital Billing & Analytics solutions, has reinstated its prior share repurchase program to which it may repurchase up to $2.1 million of its common stock, which plan was suspended on March 9, 2020 as a precaution due to the COVID-19 pandemic. Under the share repurchase program, repurchases of the issued and outstanding shares may be made from time-to-time in open market and privately negotiated transactions.

WidePoint Reinstates Share Repurchase Program

FAIRFAX, VA / ACCESSWIRE / September 1, 2021 / WidePoint Corporation (NYSE American:WYY), the leading provider of Trusted Mobility Management (TM2) specializing in Identity Management (IdM), Telecommunications Lifecycle Management, and Digital Billing & Analytics solutions, is scheduled to participate at the following virtual conferences in September of 2021. 10th Annual Gateway Conference Presenting Wednesday, September 8th at 12:30 p.m.

WidePoint Sets September 2021 Financial Conference Schedule

FAIRFAX, VA / ACCESSWIRE / August 18, 2021 / WidePoint Corporation (NYSE American: WYY ), the leading provider of Trusted Mobility Management (TM2) specializing in Identity Management (IdM), Telecommunications Lifecycle Management, and Digital Billing & Analytics solutions, today announced a new contract with a major U.S. research university to deliver Identity Management credentials. Under this contract, WidePoint Cybersecurity will deliver ECA (External Certificate Authority) Personal Identity Verification (PIV-I) credentials, professional services, and hardware to perform the credential issuances on site.

WidePoint CyberSecurity Awarded New Contract to Issue DoD Compliant Identity Management Credentials

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WidePoint Corporation (WYY) CEO Jin Kang on Q2 2021 Results - Earnings Call Transcript

Year-Over-Year Gross Margins Improve to 20.0% as Low Margin Carrier Services Revenues Decline FAIRFAX, VA / ACCESSWIRE / August 16, 2021 / WidePoint Corporation (NYSE American:WYY) , the leading provider of Trusted Mobility Management (TM2) specializing in Identity Management (IdM), Telecommunications Lifecycle Management, and Digital Billing & Analytics solutions, today reported results for the second quarter ended June 30, 2021. Second Quarter 2021 and Recent Operational Highlights Secured more than $36 million in Identity Management and Managed Mobility Services contract awards WidePoint's subsidiary, Soft-Ex Communications, was awarded Co-sell Ready status by Microsoft, enabling Soft-Ex to engage and collaborate on global sales opportunities with Microsoft's sales teams and channel partners Recognized as an honorable mention vendor in the 2021 Gartner Magic Quadrant for Managed Mobility Services, Global WidePoint subsidiary, WidePoint Mobile Corp., has achieved the R2v3 certification through SERI, Sustainable Electronics Recycling International.

WidePoint Reports Second Quarter 2021 Financial Results

FAIRFAX, VA / ACCESSWIRE / August 16, 2021 / WidePoint Corporation (NYSE American:WYY) , the leading provider of Trusted Mobility Management (TM2) specializing in Identity Management (IdM), Telecommunications Lifecycle Management, and Digital Billing & Analytics solutions, today announced that its wholly-owned subsidiary WidePoint Mobile Corporation has achieved R2v3 certification for its Columbus, Ohio facility to include the "Core Requirements" as well as the following "Specialty Process Requirements": Downstream Vendor Management, Logical Sanitization, Testing and Repair of Used Mobile Devices. The R2v3 certification standard is defined by the Sustainable Electronics Organization (SERI), https://sustainableelectronics.org.

WidePoint Mobile Corporation Achieves R2v3 Certification

FAIRFAX, VA / ACCESSWIRE / August 2, 2021 / WidePoint Corporation (NYSE American:WYY) , the leading provider of Trusted Mobility Management (TM2) specializing in Telecommunications Lifecycle Management, Identity Management and Digital Billing & Analytics solutions, will hold a conference call on Monday, August 16, 2021 at 4:30 p.m. Eastern time to discuss its financial results for the second quarter ended June 30, 2021.

WidePoint Sets Second Quarter 2021 Conference Call for Monday, August 16, 2021 at 4:30 p.m. ET

WidePoint Corp (NYSE: WYY) won over $36.6 million in contract awards during the second quarter of 2021. The Q2 of 2021 saw 48 contractual actions, including new awards, renewals, contract extensions, and exercised option periods for its TM2 Identity Management (IdM) and Managed Mobility Services (MMS) solutions, CEO Jin Kang stated.

WidePoint Scoops Over $36.6M In Contract Awards

FAIRFAX, VA / ACCESSWIRE / July 26, 2021 / WidePoint Corporation (NYSE American:WYY) , the leading provider of Trusted Mobility Management (TM2) specializing in Telecommunications Lifecycle Management, Identity Management and Digital Billing & Analytics solutions, today reported that it was awarded more than $36.6 million in contract awards during the second quarter of 2021. Jin Kang, WidePoint's CEO, stated: "The second quarter of 2021 saw 48 contractual actions, including new awards, renewals, contract extensions and exercised option periods for our TM2 Identity Management (IdM) and Managed Mobility Services (MMS) solutions.

WidePoint Secures More than $36 Million in Identity Management and Managed Mobility Services Contracts During the Second Quarter of 2021

FAIRFAX, VA / ACCESSWIRE / June 22, 2021 / WidePoint Corporation (NYSE American: WYY) , the leading provider of Trusted Mobility Management (TM2) specializing in Telecommunications Lifecycle Management, Identity Management (IdM) and Digital Billing & Analytics solutions, today announced that the company is set to join the Russell Microcap® Index at the conclusion of the 2021 Russell indexes annual reconstitution, effective after the U.S. market opens on June 28, according to a preliminary list of additions posted June 4, 2021. "Joining the Russell Microcap® Index represents another important milestone for WidePoint that we expect will increase awareness of our accomplishments," said WidePoint CEO, Jin Kang.

WidePoint Set to Join Russell Microcap(R) Index

FAIRFAX, VA / ACCESSWIRE / June 14, 2021 / WidePoint Corporation (NYSE American:WYY) , a leading provider of Trusted Mobility Management (TM2) specializing in Telecommunications Lifecycle Management, Identity Management and Digital Billing & Analytics solutions, announced today that its subsidiary Soft-ex Communications was awarded Co-sell Ready status by Microsoft. The certification enables Soft-ex to engage and collaborate on global sales opportunities with Microsoft's sales teams and channel partners, delivering accelerated business growth.

WidePoint's Subsidiary Soft-ex Awarded Microsoft Co-sell Ready Status for Innovative UC Voice Analytics & Billing Solution

Sequential Growth in Managed Services Revenues Helps Drive Gross Margins to 22.8% FAIRFAX, VA / ACCESSWIRE / May 14, 2021 / WidePoint Corporation (NYSE American:WYY) , the leading provider of Trusted Mobility Management (TM2) specializing in Telecommunications Lifecycle Management, Identity Management (IdM) and Digital Billing & Analytics solutions, today reported results for the first quarter ended March 31, 2021. First Quarter 2021 and Recent Operational Highlights Received the first task orders under the Department of Homeland Security Cellular Wireless Management Services 2.0 contract, which were valued at $86 million in aggregate Successfully on-boarded the DHS Cybersecurity and Infrastructure Security Agency (CISA) Recognized by the International Organization for Standardization (ISO) for quality, environmental, and occupational health and safety Awarded three new Identity Management contracts, including a deployment with a Fortune Global 500 corporation, increasing WidePoint's commercial footprint as well as the Company's secure digital certificates into a new U.S. federal agency Number of U.S. Department of Defense secure digital certificates issued increased 8% sequentially from the fourth quarter of 2020 Recognized as honorable mention vendor in the 2021 Gartner Magic Quadrant for Managed Mobility Services, Global First Quarter 2021 Financial Highlights: Revenues were $20.7 million Managed Services revenue increased sequentially to $9.3 million Gross margin improved to 22.8% Net income improved to $585,000, or $0.06 per diluted share EBITDA, a non-GAAP financial measure, was $1.0 million Adjusted EBITDA, a non-GAAP financial measure, was $1.2 million As of March 31, 2021, cash increased to $17.1 million Management Commentary "After completing what was, by many metrics, the most successful year in WidePoint's history, we entered 2021 with solid momentum and with an intense focus on maintaining and ultimately growing our profitability," said WidePoint's CEO, Jin Kang.

WidePoint Reports First Quarter 2021 Financial Results

FAIRFAX, VA / ACCESSWIRE / May 13, 2021 / WidePoint Corporation (NYSE American: WYY ) , the leading provider of Trusted Mobility Management (TM2) specializing in Telecommunications Lifecycle Management, Identity Management (IdM) and Digital Billing & Analytics solutions, will be presenting and holding one-on-one meetings at the 16th Annual Needham Virtual Technology & Media Conference on Tuesday, May 18, 2021. WidePoint's management is scheduled to present on Tuesday, May 18th at 8:45 a.m.

WidePoint to Present at the 16th Annual Needham Virtual Technology & Media Conference on May 18, 2021

WidePoint's (WYY) Q1 results are likely to reflect benefits from managed service projects and higher-margin revenue streams.

WidePoint (WYY) to Report Q1 Earnings: What's in Store?

FAIRFAX, VA / ACCESSWIRE / April 29, 2021 / WidePoint Corporation (NYSE American: WYY ) , the leading provider of Trusted Mobility Management (TM2) specializing in Telecommunications Lifecycle Management, Identity Management and Digital Billing & Analytics solutions, will hold a conference call on Friday, May 14, 2021 at 4:30 p.m. Eastern time to discuss its financial results for the first quarter ended March 31, 2021.

WidePoint Sets First Quarter 2021 Conference Call for Friday, May 14, 2021 at 4:30 p.m. ET

FAIRFAX, VA / ACCESSWIRE / April 26, 2021 / WidePoint Corporation (NYSE American:WYY) , the leading provider of Trusted Mobility Management (TM2) specializing in Telecommunications Lifecycle Management, Identity Management and Digital Billing & Analytics solutions, today announced that WidePoint was recognized as a Honorable Mention Vendor in the 2021 Gartner Magic Quadrant for Managed Mobility Services, Global. [1] "WidePoint is honored to be named in the 2021 Gartner Magic Quadrant for Managed Mobility Services, Global," stated Jin Kang, WidePoint's chief executive officer.

WidePoint Recognized as an Honorable Mention Vendor in the 2021 Gartner Magic Quadrant for Managed Mobility Services, Global

Takeaways from the fourth quarter. A look at why shares have fallen and why they should bounce back.

WidePoint: The Road Ahead And Takeaways From Q4 Earnings

FAIRFAX, VA / ACCESSWIRE / March 31, 2021 / WidePoint Corporation (NYSE American: WYY ) , the leading provider of Trusted Mobility Management (TM2) specializing in Telecommunications Lifecycle Management, Identity Management (IdM) and Digital Billing & Analytics solutions, has partnered with Intercede (IGP) on a new managed services contract to supply a Fortune Global 500 corporation with identity management credentialing services. Under this contract, which will see Intercede's MyID credential management software form a core part of WidePoint's managed services, WidePoint will deliver professional services, hardware, and Personal Identity Verification (PIV-I) credentials.

WidePoint Partners with Intercede to Deploy MyID for a New Fortune Global 500 Corporation

Trusted mobility management (TM2) solutions provider WidePoint Corp (AMEX: WYY) was awarded over $86 million in task orders through its recently secured indefinite-delivery, indefinite-quantity (IDIQ) contract with the U.S. Department of Homeland Security (DHS). In November 2020, WidePoint announced the Cellular Wireless Managed Services (CWMS) 2.0 contract from its long-standing customer, DHS.

WidePoint Bags Over $86M U.S. Department of Homeland Security Task Orders

FAIRFAX, VA / ACCESSWIRE / March 24, 2021 / WidePoint Corporation (NYSE American: WYY ), the leading provider of Trusted Mobility Management (TM2) specializing in Telecommunications Lifecycle Management, Identity Management and Digital Billing & Analytics solutions, has been awarded more than $86 million in task orders through its recently secured indefinite delivery, indefinite quantity (IDIQ) contract with the U.S. Department of Homeland Security (DHS). In November 2020, WidePoint announced that it had secured the Cellular Wireless Managed Services (CWMS) 2.0 contract from its long-standing customer, DHS.

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