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WidePoint Corporation
WYY

$2.17
3.21%
 

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 6,474 funds
Analysts bullish %
0
News positive %
of 3 articles

Fund manager confidence

Based on 2023 Q4 SEC filings by fund managers ($100M+ AUM)

37% more capital invested

Capital invested by funds: $1.51M [Q3] → $2.07M (+$559K) [Q4]

0.07% more ownership

Funds ownership: 9.91% [Q3] → 9.98% (+0.07%) [Q4]

0% more funds holding

Funds holding: 26 [Q3] → 26 (+0) [Q4]

0% more first-time investments, than exits

New positions opened: 3 | Existing positions closed: 3

Research analyst outlook

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

Financial journalist opinion

Based on 3 articles about WYY published over the past 30 days

Neutral
Accesswire
2 weeks ago
WidePoint Reports Fourth Quarter and Full Year 2023 Financial Results
FAIRFAX, VA / ACCESSWIRE / March 26, 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), reported results for the fourth quarter and full year ended December 31, 2023. Fourth Quarter 2023 and Recent Operational Highlights: Awarded a three-year contract valued at over $1.4 million from a major Florida attraction and research center to provide managed IT and cyber services Received a three-year, $216,000 contract from a mobile healthcare provider to provide managed IT services Awarded a $900,000 contract for Cisco equipment by a national bottling distributor Attained positive Adjusted EBITDA for the 26th consecutive quarter, and ended the quarter free cash flow positive Awarded more than 30 contractual actions resulting in over $70.3 million of contract value in Q4 2023 Federal contract backlog totaled $359 million as of December 31, 2023 Fourth Quarter 2023 Financial Highlights: Revenues were $28.3 million, a 21% increase from the same quarter last year Gross margin was 14%, and gross margin excluding carrier services revenue was 32% Net loss totaled $1.3 million, or a loss of $(0.15) per diluted share Adjusted EBITDA, a non-GAAP financial measure, was $423,000 As of December 31, 2023, cash and cash equivalents equaled $6.9 million with no bank debt Full Year 2023 Financial Highlights: Revenues were $106.0 million, a 13% increase from the same period last year Gross margin was 15%, and gross margin excluding carrier services revenue was 33% Net loss totaled $4.0 million, or a loss of $(0.46) per diluted share Adjusted EBITDA, a non-GAAP financial measure, was $791,000 Management Commentary "The fourth quarter of 2023 for WidePoint was a great way to conclude an incredible year of growth and execution," said Company CEO, Jin Kang.
WidePoint Reports Fourth Quarter and Full Year 2023 Financial Results