WidePoint Corp
WYY

$3.89

1.83%

Market Cap: 36.2M

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

Information Technology Computer Integrated Systems Design

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Funds holding %

of 6,702 funds

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Analysts bullish %

–

News positive %

Fund manager confidence

Based on 2024 Q1 SEC filings by fund managers ($100M+ AUM)

200% more repeat investments, than reductions

Existing positions increased: 9 | Existing positions reduced: 3

15% more capital invested

Capital invested by funds: $2.07M [Q4 2023] → $2.38M (+$306K) [Q1 2024]

9.33% more ownership

Funds ownership: 1.07% [Q4 2023] → 10.39% (+9.33%) [Q1 2024]

15% less funds holding

Funds holding: 27 [Q4 2023] → 23 (-4) [Q1 2024]

100% less first-time investments, than exits

New positions opened: 0 | Existing positions closed: 4

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Research analyst outlook

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

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Financial journalist opinion

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 $2.84 Million in New and Renewal Contracts

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

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 Corporation (WYY) Q1 2024 Earnings Call Transcript

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 WYY Reports First Quarter 2024 Financial Results

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

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

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.

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

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WidePoint Corporation (WYY) Q4 2023 Earnings Call Transcript

WidePoint Corporation (WYY) Q4 2023 Earnings Call Transcript

WidePoint Corporation (WYY) Q4 2023 Earnings Call Transcript

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

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