WYY stock icon

WidePoint Corp
WYY
Market cap $33.9M

3.51 USD
+0.10
2.93%
At close Oct 4, 4:00 PM EDT
1 day
2.93%
5 days
5.41%
1 month
-8.36%
3 months
-15.42%
6 months
59.55%
Year to date
56.00%
1 year
107.69%
5 years
13.23%
 

About: WidePoint Corp is a provider of Technology Management as a Service (TMaaS) that consists of federally certified communications management, identity management, interactive bill presentment and analytics, and Information Technology as a Service solution. Its solutions include Telecom Lifecycle Management, Digital billing communications solutions, and Mobile and Identity management. Geographically the company generates a majority of its revenue from the United States and rest from Europe.

Employees: 216

0
Funds holding %
of 6,728 funds
Analysts bullish %

Fund manager confidence

Based on 2024 Q2 SEC filings by fund managers ($100M+ AUM)

200% more first-time investments, than exits

New positions opened: 6 | Existing positions closed: 2

81% more capital invested

Capital invested by funds: $2.39M [Q1] → $4.33M (+$1.94M) [Q2]

17% more funds holding

Funds holding: 23 [Q1] → 27 (+4) [Q2]

0.65% more ownership

Funds ownership: 10.44% [Q1] → 11.09% (+0.65%) [Q2]

29% less repeat investments, than reductions

Existing positions increased: 5 | Existing positions reduced: 7

Research analyst outlook

We haven’t received any recent analyst ratings for WYY.

Financial journalist opinion

Neutral
Accesswire
1 month ago
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 WYY Reports Second Quarter and Year to Date 2024 Financial Results
Charts implemented using Lightweight Charts™