WidePoint Key Executives
This section highlights WidePoint's key executives, including their titles and compensation details.
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WidePoint Earnings
This section highlights WidePoint's earnings, including key dates, EPS, earnings reports, and earnings call transcripts.
Next Earnings Date
Last Earnings Results
Earnings Call Transcripts
| Transcript | Quarter | Year | Date | Estimated EPS | Actual EPS |
|---|---|---|---|---|---|
| Read Transcript | Q3 | 2024 | 2024-11-13 | $-0.07 | $-0.04 |
| Read Transcript | Q2 | 2024 | 2024-08-14 | $-0.08 | $-0.05 |
| Read Transcript | Q1 | 2024 | 2024-05-15 | N/A | N/A |
| Read Transcript | Q4 | 2023 | 2024-03-26 | $0.04 | $-0.15 |
| Read Transcript | Q3 | 2023 | 2023-11-14 | $-0.01 | $-0.10 |
| Read Transcript | Q2 | 2023 | 2023-08-15 | $0.01 | $-0.10 |
| Read Transcript | Q1 | 2023 | 2023-05-15 | $-0.02 | $-0.11 |
WidePoint Corporation provides technology management as a service (TMaaS) to the government and business enterprises in North America and Europe. It offers TMaaS solutions through a federal government certified proprietary portal to manage, analyze, and protect communications assets, as well as deploy identity management solutions that provide secured virtual and physical access to restricted environments. The company provides telecom lifecycle management, mobile and identity management, and digital billing and analytics solutions. It also offers information technology as a service, including cybersecurity, cloud, network operation, and professional services. WidePoint Corporation was founded in 1991 and is headquartered in Fairfax, Virginia.
$3.69
Stock Price
$36.17M
Market Cap
206
Employees
Fairfax, VA
Location
Financial Statements
Access annual & quarterly financial statements for WidePoint, including income statements, balance sheets, and cash flow statements..
Annual Income Statement
| Breakdown | December 31, 2023 | December 31, 2022 | December 31, 2021 | December 31, 2020 | December 31, 2019 |
|---|---|---|---|---|---|
| Revenue | $106.03M | $94.10M | $87.34M | $180.34M | $101.72M |
| Cost of Revenue | $90.38M | $79.53M | $70.97M | $159.89M | $84.34M |
| Gross Profit | $15.65M | $14.58M | $16.37M | $20.46M | $17.38M |
| Gross Profit Ratio | 14.76% | 15.49% | 18.70% | 11.34% | 17.08% |
| Research and Development Expenses | $- | $- | $- | $- | $- |
| General and Administrative Expenses | $15.88M | $14.72M | $12.72M | $14.27M | $13.84M |
| Selling and Marketing Expenses | $2.19M | $2.13M | $2.01M | $1.87M | $1.66M |
| Selling General and Administrative Expenses | $18.07M | $16.85M | $14.73M | $16.14M | $15.50M |
| Other Expenses | $1.27M | $1.08M | $1.03M | $1.09M | $988.15K |
| Operating Expenses | $19.35M | $17.93M | $15.76M | $17.23M | $16.49M |
| Cost and Expenses | $109.73M | $97.46M | $86.73M | $177.12M | $100.83M |
| Interest Income | $90.68K | $41.83K | $4.16K | $3.94K | $5.36K |
| Interest Expense | $239.53K | $259.64K | $273.23K | $302.92K | $310.58K |
| Depreciation and Amortization | $3.37M | $2.53M | $1.66M | $1.63M | $1.91M |
| EBITDA | $-302.84K | $-15.72M | $2.91M | $4.85M | $2.80M |
| EBITDA Ratio | -0.29% | 0.60% | 2.61% | 2.39% | 1.89% |
| Operating Income | $-3.70M | $-1.97M | $1.25M | $3.22M | $885.25K |
| Operating Income Ratio | -3.49% | -2.09% | 1.44% | 1.79% | 0.87% |
| Total Other Income Expenses Net | $-211.44K | $1.13M | $373.93K | $-298.52K | $-266.35K |
| Income Before Tax | $-3.91M | $-18.51M | $981.54K | $2.92M | $618.90K |
| Income Before Tax Ratio | -3.69% | -19.67% | 1.12% | 1.62% | 0.61% |
| Income Tax Expense | $133.24K | $5.08M | $640.45K | $-7.40M | $392.65K |
| Net Income | $-4.05M | $-23.59M | $341.10K | $10.32M | $226.25K |
| Net Income Ratio | -3.82% | -25.06% | 0.39% | 5.72% | 0.22% |
| EPS | $-0.46 | $-2.70 | $0.04 | $1.22 | $0.03 |
| EPS Diluted | $-0.46 | $-2.70 | $0.04 | $1.20 | $0.03 |
| Weighted Average Shares Outstanding | 8.83M | 8.73M | 9.07M | 8.46M | 8.40M |
| Weighted Average Shares Outstanding Diluted | 8.83M | 8.73M | 9.16M | 8.60M | 8.40M |
| SEC Filing | Source | Source | Source | Source | Source |
| Breakdown | September 30, 2024 | June 30, 2024 | March 31, 2024 | December 31, 2023 | September 30, 2023 | June 30, 2023 | March 31, 2023 | December 31, 2022 | September 30, 2022 | June 30, 2022 | March 31, 2022 | December 31, 2021 | September 30, 2021 | June 30, 2021 | March 31, 2021 | December 31, 2020 | September 30, 2020 | June 30, 2020 | March 31, 2020 | December 31, 2019 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $34.62M | $36.04M | $34.21M | $28.26M | $25.73M | $26.76M | $25.27M | $23.34M | $25.27M | $23.06M | $22.44M | $24.45M | $22.25M | $19.98M | $20.65M | $28.39M | $57.51M | $54.78M | $39.67M | $28.09M |
| Cost of Revenue | $29.93M | $31.15M | $29.80M | $24.52M | $21.84M | $22.85M | $21.46M | $19.78M | $21.47M | $19.74M | $18.54M | $20.46M | $18.59M | $15.99M | $15.93M | $23.57M | $51.89M | $49.73M | $34.70M | $23.34M |
| Gross Profit | $4.69M | $4.89M | $4.41M | $3.74M | $3.89M | $3.91M | $3.81M | $3.56M | $3.80M | $3.32M | $3.90M | $4.00M | $3.66M | $3.99M | $4.72M | $4.81M | $5.62M | $5.06M | $4.97M | $4.75M |
| Gross Profit Ratio | 13.55% | 13.60% | 12.90% | 13.20% | 15.10% | 14.60% | 15.10% | 15.30% | 15.00% | 14.40% | 17.40% | 16.30% | 16.50% | 20.00% | 22.80% | 16.96% | 9.77% | 9.23% | 12.52% | 16.92% |
| Research and Development Expenses | $- | $- | $- | $- | $- | $- | $- | $40.16K | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- |
| General and Administrative Expenses | $4.35M | $4.54M | $4.45M | $4.16M | $3.98M | $3.83M | $3.91M | $3.56M | $3.60M | $3.82M | $3.75M | $4.02M | $2.10M | $3.27M | $3.31M | $3.38M | $3.68M | $3.73M | $3.47M | $3.77M |
| Selling and Marketing Expenses | $530.39K | $559.93K | $611.89K | $637.95K | $490.04K | $542.17K | $521.68K | $468.72K | $527.73K | $562.62K | $575.17K | $503.19K | $489.72K | $533.53K | $482.30K | $439.22K | $500.01K | $439.68K | $492.23K | $444.32K |
| Selling General and Administrative Expenses | $4.88M | $5.10M | $5.06M | $4.80M | $4.47M | $4.37M | $4.43M | $4.03M | $4.12M | $4.38M | $4.32M | $4.53M | $2.59M | $3.80M | $3.79M | $3.82M | $4.18M | $4.17M | $3.96M | $4.22M |
| Other Expenses | $259.98K | $252.11K | $-34.87K | $-9.88K | $-33.66K | $-18.86K | $265.84K | $266.79K | $272.20K | $669.99K | $264.36K | $615.34K | $25.16K | $2 | $2.50K | $-2 | $118 | $9 | $331 | $33.55K |
| Operating Expenses | $5.14M | $5.35M | $5.06M | $4.80M | $4.73M | $4.64M | $4.70M | $4.30M | $4.40M | $4.65M | $4.58M | $4.81M | $2.85M | $4.05M | $4.04M | $4.10M | $4.47M | $4.44M | $4.23M | $4.48M |
| Cost and Expenses | $35.07M | $36.50M | $34.86M | $29.32M | $26.57M | $27.49M | $26.16M | $24.08M | $25.87M | $24.39M | $23.12M | $25.27M | $21.44M | $20.05M | $19.98M | $27.67M | $56.36M | $54.17M | $38.93M | $27.82M |
| Interest Income | $59.88K | $51.73K | $49.43K | $51.56K | $27.68K | $9.24K | $2.20K | $24.70K | $6.40K | $4.16K | $6.57K | $623 | $968 | $192 | $2.38K | $825 | $94 | $- | $3.09K | $594 |
| Interest Expense | $52.91K | $72.33K | $58.74K | $54.74K | $69.09K | $56.91K | $58.78K | $70.46K | $62.84K | $62.83K | $63.52K | $65.55K | $67.37K | $69.29K | $71.02K | $75.03K | $69.58K | $76.26K | $82.12K | $79.60K |
| Depreciation and Amortization | $821.72K | $906.88K | $833.44K | $1.04M | $788.10K | $771.71K | $768.40K | $760.71K | $639.09K | $581.03K | $551.88K | $518.21K | $396.95K | $374.11K | $369.97K | $385.59K | $415.74K | $408.55K | $422.85K | $481.50K |
| EBITDA | $431.37K | $494.84K | $196.97K | $-169.59K | $-50.61K | $35.36K | $-117.99K | $426.85K | $42.86K | $-16.36M | $171.43K | $320.45K | $1.23M | $311.59K | $1.05M | $1.10M | $1.56M | $1.03M | $1.16M | $759.00K |
| EBITDA Ratio | 1.25% | 1.37% | 0.53% | -0.06% | -0.20% | 0.13% | -0.47% | 1.84% | 0.17% | -0.34% | 0.76% | 0.35% | 5.54% | 1.56% | 4.51% | 3.50% | 2.72% | 1.87% | 2.94% | 2.02% |
| Operating Income | $-450.99K | $-461.58K | $-651.02K | $-1.06M | $-832.73K | $-726.73K | $-888.40K | $-333.86K | $-596.22K | $-17.61M | $-380.45K | $-813.72K | $809.02K | $-62.71K | $675.03K | $715.68K | $1.15M | $617.98K | $739.78K | $277.49K |
| Operating Income Ratio | -1.30% | -1.28% | -1.90% | -3.75% | -3.24% | -2.72% | -3.52% | -1.43% | -2.36% | -76.38% | -1.70% | -3.33% | 3.64% | -0.31% | 3.27% | 2.52% | 2.00% | 1.13% | 1.87% | 0.99% |
| Total Other Income Expenses Net | $7.07K | $-22.14K | $-44.18K | $-13.06K | $-75.08K | $-66.53K | $-56.78K | $334.35K | $-63.44K | $611.32K | $244.06K | $550.42K | $-41.25K | $-69.10K | $-66.14K | $-74.21K | $-69.37K | $-76.25K | $-78.69K | $-45.45K |
| Income Before Tax | $-443.92K | $-483.73K | $-695.20K | $-1.27M | $-907.81K | $-793.26K | $-945.18K | $-404.32K | $-659.06K | $-17.00M | $-443.97K | $-263.30K | $767.77K | $-131.81K | $608.88K | $641.47K | $1.08M | $541.73K | $661.09K | $232.04K |
| Income Before Tax Ratio | -1.28% | -1.34% | -2.03% | -4.48% | -3.53% | -2.96% | -3.74% | -1.73% | -2.61% | -73.73% | -1.98% | -1.08% | 3.45% | -0.66% | 2.95% | 2.26% | 1.88% | 0.99% | 1.67% | 0.83% |
| Income Tax Expense | $-18.70K | $15.83K | $-42.09K | $64.82K | $13.31K | $48.81K | $6.30K | $8.49M | $-118.18K | $-3.24M | $-51.08K | $311.18K | $232.89K | $72.92K | $23.46K | $-7.64M | $12.48K | $53.10K | $177.20K | $265.83K |
| Net Income | $-425.21K | $-499.55K | $-653.11K | $-1.33M | $-921.11K | $-842.07K | $-951.48K | $-8.89M | $-540.88K | $-13.76M | $-392.90K | $-574.48K | $534.88K | $-204.73K | $585.42K | $8.28M | $1.07M | $488.63K | $483.89K | $-33.80K |
| Net Income Ratio | -1.23% | -1.39% | -1.91% | -4.71% | -3.58% | -3.15% | -3.76% | -38.10% | -2.14% | -59.67% | -1.75% | -2.35% | 2.40% | -1.02% | 2.83% | 29.18% | 1.86% | 0.89% | 1.22% | -0.12% |
| EPS | $-0.04 | $-0.05 | $-0.07 | $-0.15 | $-0.10 | $-0.10 | $-0.11 | $-1.02 | $-0.06 | $-1.58 | $-0.04 | $-0.06 | $0.06 | $-0.02 | $0.07 | $0.96 | $0.13 | $0.06 | $0.06 | $0.00 |
| EPS Diluted | $-0.04 | $-0.05 | $-0.07 | $-0.15 | $-0.10 | $-0.10 | $-0.11 | $-1.02 | $-0.06 | $-1.58 | $-0.04 | $-0.06 | $0.06 | $-0.02 | $0.06 | $0.94 | $0.13 | $0.06 | $0.06 | $0.00 |
| Weighted Average Shares Outstanding | 9.49M | 9.39M | 8.90M | 8.89M | 8.89M | 8.79M | 8.74M | 8.73M | 8.73M | 8.70M | 8.78M | 9.08M | 9.13M | 9.07M | 9.00M | 8.61M | 8.45M | 8.39M | 8.38M | 8.39M |
| Weighted Average Shares Outstanding Diluted | 9.49M | 9.39M | 8.90M | 8.89M | 8.89M | 8.79M | 8.74M | 8.73M | 8.73M | 8.70M | 8.78M | 9.11M | 9.16M | 9.07M | 9.10M | 8.78M | 8.53M | 8.50M | 8.44M | 8.40M |
| SEC Filing | Source | Source | Source | Source | Source | Source | Source | Source | Source | Source | Source | Source | Source | Source | Source | Source | Source | Source | Source | Source |
Annual Balance Sheet
| Breakdown | December 31, 2023 | December 31, 2022 | December 31, 2021 | December 31, 2020 | December 31, 2019 |
|---|---|---|---|---|---|
| Cash and Cash Equivalents | $6.92M | $7.53M | $6.48M | $16.00M | $6.88M |
| Short Term Investments | $- | $- | $- | $- | $- |
| Cash and Short Term Investments | $6.92M | $7.53M | $6.48M | $16.00M | $6.88M |
| Net Receivables | $24.84M | $19.52M | $23.47M | $49.73M | $28.56M |
| Inventory | $366.13K | $222.28K | $590.07K | $990.98K | $213.71K |
| Other Current Assets | $717.54K | $713.70K | $2.60M | $772.66K | $881.13K |
| Total Current Assets | $32.84M | $27.99M | $33.15M | $67.49M | $36.53M |
| Property Plant Equipment Net | $4.83M | $5.70M | $7.11M | $6.67M | $6.61M |
| Goodwill | $5.81M | $5.81M | $22.09M | $18.56M | $18.56M |
| Intangible Assets | $7.34M | $7.40M | $6.23M | $2.19M | $2.45M |
| Goodwill and Intangible Assets | $13.15M | $13.21M | $28.32M | $20.74M | $21.01M |
| Long Term Investments | $- | $67.75K | $94.91K | $- | $-1.26M |
| Tax Assets | $- | $86.91K | $5.13M | $5.61M | $1.26M |
| Other Non-Current Assets | $483.29K | $1.96M | $1.69M | $815.01K | $140.40K |
| Total Non-Current Assets | $18.46M | $21.02M | $42.34M | $33.83M | $27.76M |
| Other Assets | $- | $- | $- | $- | $- |
| Total Assets | $51.30M | $49.01M | $75.49M | $101.32M | $64.29M |
| Account Payables | $12.63M | $12.52M | $10.26M | $36.22M | $13.58M |
| Short Term Debt | $638.26K | $1.19M | $1.59M | $1.16M | $599.62K |
| Tax Payables | $1.68M | $1.71M | $2.22M | $2.78M | $1.83M |
| Deferred Revenue | $2.01M | $1.70M | $2.28M | $2.02M | $2.27M |
| Other Current Liabilities | $14.49M | $9.02M | $9.69M | $12.27M | $13.25M |
| Total Current Liabilities | $31.46M | $26.14M | $26.04M | $54.44M | $31.53M |
| Long Term Debt | $4.11M | $4.75M | $6.03M | $5.93M | $5.59M |
| Deferred Revenue Non-Current | $1.03M | $364.84K | $400.14K | $398.41K | $363.56K |
| Deferred Tax Liabilities Non-Current | $- | $2.19M | $5.09M | $4.73M | $1.87M |
| Other Non-Current Liabilities | $23.82K | $6.90K | $1.35M | $- | $- |
| Total Non-Current Liabilities | $5.17M | $5.12M | $7.77M | $6.33M | $7.83M |
| Other Liabilities | $- | $- | $- | $- | $- |
| Total Liabilities | $36.62M | $31.26M | $33.81M | $60.77M | $39.35M |
| Preferred Stock | $- | $- | $- | $- | $- |
| Common Stock | $8.89K | $8.73K | $8.84K | $8.88K | $83.86K |
| Retained Earnings | $-87.15M | $-83.10M | $-59.52M | $-59.86M | $-70.18M |
| Accumulated Other Comprehensive Income Loss | $-334.90K | $-350.23K | $-241.59K | $-104.61K | $-242.59K |
| Other Total Stockholders Equity | $102.15M | $101.19M | $101.42M | $100.50M | $95.28M |
| Total Stockholders Equity | $14.68M | $17.75M | $41.68M | $40.55M | $24.94M |
| Total Equity | $14.68M | $17.75M | $41.68M | $40.55M | $24.94M |
| Total Liabilities and Stockholders Equity | $51.30M | $49.01M | $75.49M | $101.32M | $64.29M |
| Minority Interest | $- | $- | $- | $- | $- |
| Total Liabilities and Total Equity | $51.30M | $49.01M | $75.49M | $101.32M | $64.29M |
| Total Investments | $-442.70K | $67.75K | $94.91K | $- | $-1.26M |
| Total Debt | $4.75M | $5.34M | $6.82M | $6.51M | $6.19M |
| Net Debt | $-2.17M | $-2.19M | $339.89K | $-9.49M | $-686.36K |
Balance Sheet Charts
| Breakdown | September 30, 2024 | June 30, 2024 | March 31, 2024 | December 31, 2023 | September 30, 2023 | June 30, 2023 | March 31, 2023 | December 31, 2022 | September 30, 2022 | June 30, 2022 | March 31, 2022 | December 31, 2021 | September 30, 2021 | June 30, 2021 | March 31, 2021 | December 31, 2020 | September 30, 2020 | June 30, 2020 | March 31, 2020 | December 31, 2019 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash and Cash Equivalents | $5.64M | $4.00M | $5.27M | $6.92M | $8.46M | $7.78M | $4.58M | $7.53M | $5.06M | $7.19M | $7.27M | $6.48M | $18.10M | $14.95M | $17.06M | $16.00M | $11.37M | $7.52M | $9.32M | $6.88M |
| Short Term Investments | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- |
| Cash and Short Term Investments | $5.64M | $4.00M | $5.27M | $6.92M | $8.46M | $7.78M | $4.58M | $7.53M | $5.06M | $7.19M | $7.27M | $6.48M | $18.10M | $14.95M | $17.06M | $16.00M | $11.37M | $7.52M | $9.32M | $6.88M |
| Net Receivables | $33.28M | $36.35M | $29.88M | $24.84M | $18.87M | $22.55M | $22.05M | $19.52M | $21.73M | $21.45M | $20.35M | $23.47M | $20.23M | $21.18M | $29.23M | $49.73M | $46.51M | $48.79M | $32.70M | $28.56M |
| Inventory | $- | $283.03K | $657.33K | $366.13K | $494.10K | $307.43K | $239.66K | $222.28K | $541.80K | $724.04K | $485.60K | $590.07K | $1.20M | $1.10M | $658.56K | $990.98K | $216.06K | $508.83K | $137.50K | $213.71K |
| Other Current Assets | $2.02M | $1.24M | $967.39K | $717.54K | $908.74K | $797.09K | $699.53K | $713.70K | $1.24M | $920.99K | $994.79K | $2.60M | $1.23M | $791.79K | $1.03M | $772.66K | $883.72K | $889.13K | $676.73K | $881.13K |
| Total Current Assets | $40.94M | $41.87M | $36.77M | $32.84M | $28.73M | $31.43M | $27.56M | $27.99M | $28.57M | $30.29M | $29.10M | $33.15M | $40.76M | $38.02M | $47.98M | $67.49M | $58.98M | $57.71M | $42.84M | $36.53M |
| Property Plant Equipment Net | $4.12M | $4.32M | $4.57M | $4.83M | $5.07M | $5.28M | $5.54M | $5.70M | $5.95M | $6.21M | $6.49M | $7.11M | $6.40M | $6.60M | $6.48M | $6.67M | $6.92M | $6.20M | $6.36M | $6.61M |
| Goodwill | $5.81M | $5.81M | $5.81M | $5.81M | $5.81M | $5.81M | $5.81M | $5.81M | $5.81M | $5.81M | $22.09M | $22.09M | $18.56M | $18.56M | $18.56M | $18.56M | $18.56M | $18.56M | $18.56M | $18.56M |
| Intangible Assets | $5.55M | $6.10M | $6.75M | $7.78M | $7.13M | $6.67M | $7.18M | $7.40M | $6.64M | $6.36M | $6.22M | $6.23M | $2.59M | $2.29M | $2.13M | $2.19M | $2.08M | $2.20M | $2.32M | $2.45M |
| Goodwill and Intangible Assets | $11.37M | $11.91M | $12.56M | $13.59M | $12.95M | $12.48M | $12.99M | $13.21M | $12.45M | $12.17M | $28.31M | $28.32M | $21.14M | $20.84M | $20.69M | $20.74M | $20.63M | $20.75M | $20.88M | $21.01M |
| Long Term Investments | $- | $- | $- | $7.34M | $- | $- | $- | $67.75K | $- | $- | $- | $94.91K | $- | $- | $- | $- | $- | $- | $- | $- |
| Tax Assets | $- | $- | $- | $2.50M | $85.89K | $88.42K | $88.36K | $86.91K | $8.29M | $8.30M | $5.13M | $5.13M | $5.62M | $5.62M | $5.62M | $5.61M | $- | $- | $- | $- |
| Other Non-Current Assets | $489.70K | $489.70K | $489.70K | $-7.30M | $1.56M | $2.42M | $2.21M | $1.96M | $2.93M | $2.79M | $2.21M | $1.69M | $1.50M | $1.33M | $1.31M | $815.01K | $874.91K | $641.38K | $463.06K | $140.40K |
| Total Non-Current Assets | $15.98M | $16.72M | $17.62M | $20.96M | $19.66M | $20.27M | $20.83M | $21.02M | $29.63M | $29.47M | $42.13M | $42.34M | $34.67M | $34.39M | $34.11M | $33.83M | $28.43M | $27.59M | $27.70M | $27.76M |
| Other Assets | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- |
| Total Assets | $56.92M | $58.60M | $54.39M | $53.80M | $48.39M | $51.71M | $48.39M | $49.01M | $58.20M | $59.76M | $71.23M | $75.49M | $75.43M | $72.42M | $82.09M | $101.32M | $87.41M | $85.30M | $70.54M | $64.29M |
| Account Payables | $9.99M | $14.03M | $12.06M | $12.63M | $13.86M | $13.38M | $13.58M | $12.52M | $15.10M | $12.62M | $12.78M | $10.26M | $10.80M | $9.02M | $19.59M | $36.22M | $30.95M | $20.11M | $12.22M | $13.58M |
| Short Term Debt | $1.19M | $1.20M | $619.71K | $1.28M | $1.25M | $1.23M | $1.21M | $1.19M | $1.29M | $1.27M | $1.25M | $1.59M | $1.21M | $1.19M | $1.16M | $577.86K | $1.16M | $566.88K | $581.39K | $599.62K |
| Tax Payables | $- | $2.16M | $2.01M | $1.68M | $1.77M | $1.60M | $1.67M | $1.71M | $2.10M | $1.88M | $2.38M | $2.22M | $1.78M | $1.56M | $2.16M | $2.78M | $2.74M | $2.28M | $1.88M | $1.83M |
| Deferred Revenue | $2.66M | $2.27M | $1.85M | $2.01M | $2.21M | $2.73M | $1.58M | $1.70M | $1.93M | $1.96M | $1.91M | $2.28M | $3.52M | $1.79M | $1.88M | $2.02M | $2.27M | $1.89M | $2.05M | $2.27M |
| Other Current Liabilities | $24.47M | $19.83M | $18.58M | $13.86M | $8.23M | $11.63M | $8.38M | $9.02M | $5.80M | $9.36M | $6.06M | $9.69M | $8.82M | $10.29M | $8.61M | $12.84M | $14.03M | $26.29M | $20.27M | $13.25M |
| Total Current Liabilities | $38.30M | $39.50M | $35.13M | $31.46M | $27.32M | $30.56M | $26.42M | $26.14M | $26.23M | $27.10M | $24.38M | $26.04M | $26.12M | $23.85M | $33.40M | $54.44M | $51.15M | $51.13M | $37.00M | $31.53M |
| Long Term Debt | $3.70M | $3.87M | $4.00M | $4.11M | $4.30M | $4.48M | $4.61M | $4.75M | $4.86M | $5.02M | $5.17M | $6.03M | $5.48M | $5.63M | $5.78M | $5.93M | $6.10M | $5.33M | $5.47M | $5.59M |
| Deferred Revenue Non-Current | $- | $1.06M | $999.76K | $1.03M | $1.21M | $400.28K | $376.16K | $364.84K | $370.80K | $367.50K | $390.49K | $400.14K | $431.73K | $430.19K | $437.58K | $398.41K | $382.81K | $354.38K | $362.57K | $363.56K |
| Deferred Tax Liabilities Non-Current | $118.59K | $138.08K | $64.75K | $2.52M | $- | $- | $- | $2.19M | $- | $- | $- | $5.09M | $- | $- | $- | $-398.41K | $2.10M | $2.10M | $2.05M | $1.87M |
| Other Non-Current Liabilities | $950.96K | $6.90K | $6.90K | $6.90K | $6.90K | $6.90K | $6.90K | $6.90K | $387.00K | $380.00K | $585.00K | $1.35M | $246.04K | $246.04K | $246.04K | $- | $- | $- | $- | $- |
| Total Non-Current Liabilities | $4.77M | $5.08M | $5.07M | $7.67M | $5.51M | $4.88M | $4.99M | $5.12M | $5.62M | $5.76M | $6.15M | $7.77M | $6.16M | $6.31M | $6.47M | $6.33M | $8.58M | $7.78M | $7.88M | $7.83M |
| Other Liabilities | $- | $- | $1 | $1 | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- |
| Total Liabilities | $43.07M | $44.58M | $40.19M | $39.12M | $32.83M | $35.45M | $31.42M | $31.26M | $31.85M | $32.86M | $30.53M | $33.81M | $32.28M | $30.15M | $39.87M | $60.77M | $59.73M | $58.92M | $44.88M | $39.35M |
| Preferred Stock | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- |
| Common Stock | $9.49K | $9.49K | $9.31K | $8.89K | $8.89K | $8.89K | $8.74K | $8.73K | $8.73K | $8.73K | $8.70K | $8.84K | $9.14K | $9.10K | $9.07K | $8.88K | $84.59K | $84.42K | $83.84K | $83.86K |
| Retained Earnings | $-88.73M | $-88.30M | $-87.80M | $-87.15M | $-85.82M | $-84.90M | $-84.05M | $-83.10M | $-74.21M | $-73.67M | $-59.91M | $-59.52M | $-58.94M | $-59.48M | $-59.27M | $-59.86M | $-68.14M | $-69.21M | $-69.70M | $-70.18M |
| Accumulated Other Comprehensive Income Loss | $-314.29K | $-363.83K | $-357.12K | $-334.90K | $-357.74K | $-280.58K | $-312.99K | $-350.23K | $-499.80K | $-381.27K | $-246.42K | $-241.59K | $-189.91K | $-139.93K | $-159.56K | $-104.61K | $-187.44K | $-252.32K | $-279.92K | $-242.59K |
| Other Total Stockholders Equity | $102.88M | $102.68M | $102.35M | $102.15M | $101.73M | $101.43M | $101.33M | $101.19M | $101.05M | $100.93M | $100.85M | $101.42M | $102.28M | $101.87M | $101.65M | $100.50M | $95.92M | $95.76M | $95.55M | $95.28M |
| Total Stockholders Equity | $13.85M | $14.02M | $14.20M | $14.68M | $15.56M | $16.26M | $16.97M | $17.75M | $26.35M | $26.89M | $40.70M | $41.68M | $43.15M | $42.26M | $42.22M | $40.55M | $27.67M | $26.38M | $25.66M | $24.94M |
| Total Equity | $13.85M | $14.02M | $14.20M | $14.68M | $15.56M | $16.26M | $16.97M | $17.75M | $26.35M | $26.89M | $40.70M | $41.68M | $43.15M | $42.26M | $42.22M | $40.55M | $27.67M | $26.38M | $25.66M | $24.94M |
| Total Liabilities and Stockholders Equity | $56.92M | $58.60M | $54.39M | $53.80M | $48.39M | $51.71M | $48.39M | $49.01M | $58.20M | $59.76M | $71.23M | $75.49M | $75.43M | $72.42M | $82.09M | $101.32M | $87.41M | $85.30M | $70.54M | $64.29M |
| Minority Interest | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- |
| Total Liabilities and Total Equity | $56.92M | $58.60M | $54.39M | $53.80M | $48.39M | $51.71M | $48.39M | $49.01M | $58.20M | $59.76M | $71.23M | $75.49M | $75.43M | $72.42M | $82.09M | $101.32M | $87.41M | $85.30M | $70.54M | $64.29M |
| Total Investments | $- | $- | $- | $7.34M | $- | $- | $- | $67.75K | $- | $- | $- | $94.91K | $- | $- | $- | $- | $- | $- | $- | $- |
| Total Debt | $4.29M | $4.47M | $4.62M | $4.75M | $4.93M | $5.09M | $5.22M | $5.34M | $5.51M | $5.65M | $5.80M | $6.82M | $6.08M | $6.22M | $6.37M | $6.51M | $6.68M | $5.90M | $6.05M | $6.19M |
| Net Debt | $-1.34M | $474.00K | $-652.39K | $-2.17M | $-3.53M | $-2.68M | $638.39K | $-2.19M | $444.08K | $-1.54M | $-1.47M | $339.89K | $-12.02M | $-8.72M | $-10.69M | $-9.49M | $-4.69M | $-1.62M | $-3.28M | $-686.36K |
Annual Cash Flow
| Breakdown | December 31, 2023 | December 31, 2022 | December 31, 2021 | December 31, 2020 | December 31, 2019 |
|---|---|---|---|---|---|
| Net Income | $-4.05M | $-23.59M | $341.10K | $10.32M | $226.25K |
| Depreciation and Amortization | $3.37M | $2.54M | $1.66M | $1.63M | $1.91M |
| Deferred Income Tax | $107.16K | $5.03M | $470.36K | $-7.47M | $343.66K |
| Stock Based Compensation | $960.99K | $528.58K | $883.76K | $810.28K | $717.99K |
| Change in Working Capital | $-9.62K | $6.61M | $-3.96M | $1.08M | $2.63M |
| Accounts Receivables | $-4.69M | $3.95K | $25.53M | $-20.93M | $-7.88M |
| Inventory | $-143.67K | $367.55K | $400.56K | $-776.88K | $-29.87K |
| Accounts Payables | $3.84M | $1.25M | $-30.19M | $23.06M | $10.44M |
| Other Working Capital | $983.87K | $4.98M | $290.46K | $-264.59K | $99.90K |
| Other Non Cash Items | $242.32K | $14.95M | $-614.45K | $2.24K | $27.04K |
| Net Cash Provided by Operating Activities | $625.25K | $6.07M | $-1.22M | $6.39M | $5.85M |
| Investments in Property Plant and Equipment | $-208.20K | $-3.41M | $-2.75M | $-1.16M | $-516.55K |
| Acquisitions Net | $- | $- | $-4.69M | $- | $- |
| Purchases of Investments | $- | $- | $- | $- | $- |
| Sales Maturities of Investments | $- | $- | $- | $- | $- |
| Other Investing Activities | $-412.78K | $-3.16M | $-2.50M | $-902.58K | $-146.23K |
| Net Cash Used for Investing Activities | $-620.99K | $-3.41M | $-7.44M | $-1.16M | $-516.55K |
| Debt Repayment | $-586.52K | $-600.44K | $-572.08K | $-608.00K | $-473.28K |
| Common Stock Issued | $- | $- | $1.07M | $4.35M | $- |
| Common Stock Repurchased | $-3.63K | $-818.21K | $-1.24M | $-10.11K | $-365.69K |
| Dividends Paid | $- | $- | $- | $- | $- |
| Other Financing Activities | $-3.63K | $-49.22K | $38.38K | $5.00K | $-5.00K |
| Net Cash Used Provided by Financing Activities | $-590.15K | $-1.47M | $-705.70K | $3.73M | $-843.96K |
| Effect of Forex Changes on Cash | $-23.82K | $-140.79K | $-144.98K | $155.51K | $-46.59K |
| Net Change in Cash | $-609.70K | $1.05M | $-9.52M | $9.12M | $4.45M |
| Cash at End of Period | $6.92M | $7.53M | $6.48M | $16.00M | $6.88M |
| Cash at Beginning of Period | $7.53M | $6.48M | $16.00M | $6.88M | $2.43M |
| Operating Cash Flow | $625.25K | $6.07M | $-1.22M | $6.39M | $5.85M |
| Capital Expenditure | $-1.09M | $-3.41M | $-2.75M | $-1.16M | $-516.55K |
| Free Cash Flow | $-464.84K | $2.66M | $-3.98M | $5.23M | $5.34M |
Cash Flow Charts
| Breakdown | September 30, 2024 | June 30, 2024 | March 31, 2024 | December 31, 2023 | September 30, 2023 | June 30, 2023 | March 31, 2023 | December 31, 2022 | September 30, 2022 | June 30, 2022 | March 31, 2022 | December 31, 2021 | September 30, 2021 | June 30, 2021 | March 31, 2021 | December 31, 2020 | September 30, 2020 | June 30, 2020 | March 31, 2020 | December 31, 2019 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Net Income | $-425.21K | $-499.55K | $-653.11K | $-1.33M | $-921.11K | $-842.07K | $-951.48K | $-8.89M | $-540.88K | $-13.76M | $-392.90K | $-574.48K | $534.88K | $-204.73K | $585.42K | $8.28M | $1.07M | $488.63K | $483.89K | $-33.80K |
| Depreciation and Amortization | $821.72K | $906.88K | $833.44K | $1.04M | $788.10K | $771.71K | $768.40K | $763.10K | $639.09K | $581.07K | $551.84K | $517.53K | $396.81K | $374.15K | $369.98K | $385.59K | $415.74K | $408.55K | $422.85K | $481.50K |
| Deferred Income Tax | $-14.70K | $72.50K | $45.20K | $107.16K | $- | $- | $- | $8.21M | $- | $-3.18M | $- | $490.50K | $148 | $5 | $-20.30K | $-7.70M | $7.93K | $48.64K | $179.54K | $261.42K |
| Stock Based Compensation | $202.58K | $365.96K | $417.78K | $425.57K | $299.85K | $95.45K | $140.12K | $144.31K | $115.14K | $89.39K | $179.74K | $221.63K | $235.47K | $243.82K | $182.84K | $159.36K | $160.06K | $209.43K | $281.44K | $181.16K |
| Change in Working Capital | $1.29M | $-1.93M | $-2.21M | $-1.65M | $641.42K | $3.48M | $-2.48M | $3.10M | $-1.18M | $2.01M | $2.68M | $-4.75M | $2.70M | $-1.76M | $-162.79K | $-736.67K | $2.71M | $-2.56M | $1.66M | $-487.81K |
| Accounts Receivables | $3.15M | $-6.46M | $-5.32M | $-5.90M | $3.23M | $297.10K | $-2.53M | $3.95K | $-313.61K | $-1.30M | $4.41M | $27.28M | $738.92K | $8.38M | $20.47M | $-21.03M | $2.45M | $-16.28M | $-4.14M | $-9.43M |
| Inventory | $-154.56K | $374.27K | $-291.36K | $128.20K | $-186.80K | $-67.77K | $-17.29K | $319.93K | $181.96K | $-238.71K | $104.36K | $608.39K | $-97.03K | $-442.99K | $332.20K | $-774.73K | $292.91K | $-371.19K | $76.13K | $-95.03K |
| Accounts Payables | $-1.62M | $3.95M | $3.91M | $4.34M | $-2.70M | $2.08M | $113.87K | $171.84K | $-888.36K | $3.48M | $-1.51M | $-18.05K | $319.07K | $-9.59M | $-20.90M | $3.47M | $-410.91K | $14.28M | $5.72M | $7.96M |
| Other Working Capital | $-81.75K | $203.75K | $-508.93K | $-226.87K | $303.66K | $1.17M | $-49.76K | $2.61M | $-163.39K | $57.03K | $-328.85K | $-32.62M | $1.74M | $-101.47K | $-65.48K | $17.59M | $381.23K | $-182.70K | $6.71K | $1.08M |
| Other Non Cash Items | $7.86K | $6.16K | $3.79M | $199.13K | $5.94K | $1.39K | $35.86K | $-476.49K | $7.55K | $-666.00K | $-193.00K | $-589.90K | $-1.43M | $-24.34K | $-209 | $-4.49M | $-45.72K | $3.94K | $-1.70K | $-173 |
| Net Cash Provided by Operating Activities | $1.88M | $-1.08M | $-1.56M | $-1.21M | $814.20K | $3.51M | $-2.49M | $2.85M | $-962.50K | $1.35M | $2.83M | $-4.68M | $3.87M | $-1.37M | $954.94K | $390.45K | $4.36M | $-1.40M | $3.03M | $402.31K |
| Investments in Property Plant and Equipment | $-62.70K | $-11.51K | $-6.49K | $-113.66K | $-258.50K | $-358.66K | $-359.27K | $-345.56K | $-912.34K | $-1.17M | $-983.87K | $-815.28K | $-689.53K | $-608.65K | $-641.24K | $-178.31K | $-294.03K | $-291.65K | $-393.04K | $-155.71K |
| Acquisitions Net | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $-4.69M | $- | $- | $- | $- | $- | $- | $- | $- |
| Purchases of Investments | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- |
| Sales Maturities of Investments | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- |
| Other Investing Activities | $- | $- | $259.12K | $-71.67K | $325.99K | $143.12K | $-262.55K | $-339.84K | $-887.20K | $-1.16M | $-780.60K | $-720.14K | $-616.80K | $-589.64K | $-569.95K | $-149.74K | $-233.53K | $-178.74K | $-340.58K | $540 |
| Net Cash Used for Investing Activities | $-62.70K | $-11.51K | $252.63K | $-113.66K | $67.49K | $-215.54K | $-359.27K | $-345.56K | $-912.34K | $-1.17M | $-983.87K | $-5.50M | $-689.53K | $-608.65K | $-641.24K | $-178.31K | $-294.03K | $-291.65K | $-393.04K | $-155.71K |
| Debt Repayment | $-178.25K | $-141.10K | $-137.47K | $-166.39K | $-164.70K | $-129.87K | $-125.57K | $-153.75K | $-149.56K | $-149.73K | $-147.41K | $-143.67K | $-142.66K | $-141.84K | $-143.92K | $-155.16K | $-161.53K | $-147.68K | $-143.64K | $-116.35K |
| Common Stock Issued | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $29 | $169.02K | $-17.35K | $1.09M | $4.35M | $- | $- | $- | $- |
| Common Stock Repurchased | $258.38K | $-39.60K | $-218.78K | $1 | $- | $- | $-3.63K | $-818 | $- | $- | $-818.21K | $-1.24M | $- | $- | $- | $131.44K | $-131.44K | $- | $-10.11K | $-365.69K |
| Dividends Paid | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- |
| Other Financing Activities | $-1 | $-39.60K | $-218.78K | $1 | $- | $- | $-3.63K | $- | $- | $- | $-49.22K | $-29 | $169.02K | $29 | $-130.64K | $5.00K | $-131.44K | $- | $- | $- |
| Net Cash Used Provided by Financing Activities | $-178.25K | $-180.70K | $-356.25K | $-166.38K | $-164.70K | $-129.87K | $-129.20K | $-153.75K | $-149.56K | $-149.73K | $-1.01M | $-1.39M | $26.36K | $-159.16K | $813.84K | $4.33M | $-292.96K | $-147.68K | $-153.75K | $-482.04K |
| Effect of Forex Changes on Cash | $-8.29K | $5.89K | $7.06K | $-46.91K | $-34.05K | $32.54K | $24.61K | $117.97K | $-106.37K | $-113.44K | $-38.95K | $-48.87K | $-53.30K | $23.12K | $-65.93K | $84.95K | $74.25K | $29.58K | $-33.27K | $15.45K |
| Net Change in Cash | $1.64M | $-1.27M | $-1.65M | $-1.54M | $682.93K | $3.20M | $-2.95M | $2.47M | $-2.13M | $-75.66K | $787.76K | $-11.62M | $3.15M | $-2.11M | $1.06M | $4.62M | $3.85M | $-1.80M | $2.45M | $-219.99K |
| Cash at End of Period | $5.64M | $4.00M | $5.27M | $6.92M | $8.46M | $7.78M | $4.58M | $7.53M | $5.06M | $7.19M | $7.27M | $6.48M | $18.10M | $14.95M | $17.06M | $16.00M | $11.37M | $7.52M | $9.32M | $6.88M |
| Cash at Beginning of Period | $4.00M | $5.27M | $6.92M | $8.46M | $7.78M | $4.58M | $7.53M | $5.06M | $7.19M | $7.27M | $6.48M | $18.10M | $14.95M | $17.06M | $16.00M | $11.37M | $7.52M | $9.32M | $6.88M | $7.10M |
| Operating Cash Flow | $1.88M | $-1.08M | $-1.56M | $-1.21M | $814.20K | $3.51M | $-2.49M | $2.85M | $-962.50K | $1.35M | $2.83M | $-4.68M | $3.87M | $-1.37M | $954.94K | $390.45K | $4.36M | $-1.40M | $3.03M | $402.31K |
| Capital Expenditure | $-62.70K | $-11.51K | $-6.49K | $-113.66K | $-258.50K | $-358.66K | $-359.27K | $-345.56K | $-912.34K | $-1.17M | $-983.87K | $-815.28K | $-689.53K | $-608.65K | $-641.24K | $-178.31K | $-294.03K | $-291.65K | $-393.04K | $-155.71K |
| Free Cash Flow | $1.82M | $-1.09M | $-1.56M | $-1.32M | $555.70K | $3.15M | $-2.85M | $2.51M | $-1.87M | $187.51K | $1.84M | $-5.50M | $3.18M | $-1.97M | $313.70K | $212.15K | $4.07M | $-1.69M | $2.63M | $246.60K |
WidePoint Dividends
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WidePoint News
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WidePoint Postpones Fourth Quarter and Full Year 2024 Conference Call
This delay is not related to any material concerns regarding the company's financial condition or operations FAIRFAX, VA / ACCESS Newswire / March 25, 2025 / WidePoint Corporation (NYSE American:WYY) , an innovative leader in enterprise cybersecurity and mobile technology, is postponing the conference call to discuss its financial results for the fourth quarter and full year ended December 31, 2024, originally scheduled for Wednesday, March 26, 2025. The postponement is due to a subsequent event which occurred in March 2025 and impacted the accounting treatment of WidePoint's financial results.
WidePoint Awarded $2.5 Million Contract Under the Spiral 4 Contract Vehicle to Provide Managed Mobility Services to the Department of Defense
FAIRFAX, VA / ACCESS Newswire / March 19, 2025 / WidePoint Corporation (NYSE American:WYY), an innovative leader in enterprise cybersecurity and mobile technology, today announced a new Task Order award under the Spiral 4 contract vehicle from a combat support agency within the U.S. Department of Defense (DoD). The Task Order has an annual value of approximately $2.5 million and a period of performance of one base year with nine one-year option periods.
WidePoint Sets Fourth Quarter and Full Year 2024 Conference Call for Wednesday, March 26, 2025 at 4:30 p.m. ET
FAIRFAX, VA / ACCESS Newswire / March 12, 2025 / WidePoint Corporation (NYSE American:WYY) , an innovative leader in enterprise cybersecurity and mobile technology, will hold a conference call on Wednesday, March 26, 2025, at 4:30 p.m. Eastern time to discuss its financial results for the fourth quarter and full year ended December 31, 2024.
WidePoint Achieves FedRAMP Authorized Status for its Intelligent Technology Management System (ITMS)
FAIRFAX, VA / ACCESS Newswire / February 24, 2025 / WidePoint Corporation (NYSE American: WYY ), an innovative leader in enterprise cybersecurity and mobile technology, announced today that its Intelligent Technology Management System (ITMS) achieved FedRAMP Authorized status from the Federal Risk and Authorization Management Program (FedRAMP) Program Management Office (PMO) on February 19, 2025. FedRAMP is a U.S. government-wide program that provides a standardized approach to security assessment, authorization, and continuous monitoring for cloud products and services.
WidePoint Highlights 2024 Operational Developments and 2025 Strategic Priorities
FAIRFAX, VA / ACCESS Newswire / February 18, 2025 / WidePoint Corporation (NYSE American:WYY) , an innovative leader in enterprise cybersecurity and mobile technology, today announced its fiscal 2024 financial outlook, operational highlights, and strategic priorities for fiscal 2025. Fourth Quarter and Full Year 2024 Financial Outlook Based on preliminary, unaudited financial results, WidePoint expects to exceed its full-year 2024 revenue guidance and meet or surpass its full year 2024 guidance for adjusted EBITDA and Free cash flow.
WidePoint Subsidiary Soft-ex Launches M365 Analyzer
FAIRFAX, VA / ACCESS Newswire / February 3, 2025 / WidePoint Corporation (NYSE American:WYY) , the innovative enterprise cyber security and mobile technology provider, announced that its subsidiary Soft-ex Communications has just launched M365 Analyzer solution for Microsoft clients. This new M365 Analyzer solution delivers a unique dashboard, detailing volumes and costs with clear ROIs and actionable insights.
WidePoint Completes Full Integration of Subsidiary IT Authorities
FAIRFAX, VA / ACCESS Newswire / January 27, 2025 / WidePoint Corporation (NYSE American:WYY) , the innovative enterprise cyber security and mobile technology provider, announced the complete integration of IT Authorities ("ITA"), positioning WidePoint as a full federal service integrator. Jin Kang, WidePoint's Chief Executive Officer, stated: "With the full integration of ITA now complete and under the WidePoint umbrella, our MSP solutions offer clients an even stronger assurance of secure, efficient, and strategically tailored IT service delivery.
WidePoint Partners with 22Vets Technologies for Smart City Internet of Things Program
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 Corporation (WYY) Q3 2024 Earnings Call Transcript
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 Reports Third Quarter 2024 Financial Results
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's Subsidiary IT Authorities Awarded More than $1.7 Million in Cisco and Managed IT Services Contracts
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 Awarded More than $15.2 Million in New and Renewal Contracts in Q3 2024
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 to Present at the 17th Annual LD Micro Main Event on Wednesday, October 30th at 8:00 a.m. PT
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 Awarded New Federal Contract for MobileAnchor Derived Digital Identity & Access Management Credentials
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.
Despite Fast-paced Momentum, WidePoint (WYY) Is Still a Bargain Stock
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.
WidePoint to Present at the H.C. Wainwright 26th Annual Global Investment Conference on September 11, 2024
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 Corporation (WYY) Q2 2024 Earnings Call Transcript
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 WYY Reports Second Quarter and Year to Date 2024 Financial Results
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 to Present at the 2024 Gateway Conference on September 4 at 9:00 a.m. Pacific Time
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 Sets Second Quarter 2024 Conference Call for Wednesday, August 14, 2024 at 4:30 p.m. ET
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 Certifies New Proprietary MobileAnchor Digital Credential for Mobile Devices
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 Awarded $2.84 Million in New and Renewal Contracts
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 $254 Million Ceiling Increase in U.S. Department of Homeland Security Cellular Wireless Managed Services 2.0 IDIQ Contract
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 Corporation (WYY) Q1 2024 Earnings Call Transcript
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 WYY Reports First Quarter 2024 Financial Results
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 Selected by the U.S. Navy for the 10-Year, $2.7 Billion Spiral 4 Contract
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 Sets First Quarter 2024 Conference Call for Wednesday, May 15, 2024 at 4:30 p.m. ET
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 Awarded $22.7 Million in Tech and Cyber Security Services Contracts During Q1 2024
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.
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