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 / 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

FAIRFAX, VA / ACCESSWIRE / March 12, 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 Tuesday, March 26, 2024 at 4:30 p.m. Eastern time to discuss its financial results for the fourth quarter and full year ended December 31, 2023.

WidePoint Sets Fourth Quarter and Full Year 2023 Conference Call for Tuesday, March 26, 2024 at 4:30 p.m. ET

FAIRFAX, VA / ACCESSWIRE / February 13, 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), today announced positive operational and financial results for 2023 and shared its priorities for a robust 2024. Preliminary Fourth Quarter and Full Year 2023 Results Based on preliminary, unaudited financial results, WidePoint anticipates meeting its revenue guidance of $103 million to $108 million for the full year 2023.

WidePoint Shares Strong 2023 Preliminary Results and Announces Strategic Priorities for 2024

FAIRFAX, VA / ACCESSWIRE / February 5, 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 its subsidiary IT Authorities has been awarded a new three-year contract valued at more than $1.4 million from a major Florida attraction and research center. Jason Caras, CEO of IT Authorities, stated: "This contract award expands IT Authorities' reputation as a leading MSP.

WidePoint's Subsidiary IT Authorities Awarded New $1.4 Million Managed IT and Cyber Services Contract

FAIRFAX, VA / ACCESSWIRE / January 16, 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 more than $70.3 million in contracts during the fourth quarter of 2023. Jin Kang, WidePoint's CEO, stated: "The fourth quarter was a great ending to 2023 for WidePoint with more than 30 contractual actions across our business units.

WidePoint Awarded More than $70.3 Million in IT and Security Services Contracts During Q4 2023

FAIRFAX, VA / ACCESSWIRE / December 4, 2023 / 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 its subsidiary IT Authorities (ITA) has been awarded a new three-year contract initially valued at $216,000 from a mobile healthcare provider. "IT Authorities is pleased to announce our newest managed services client in the healthcare sector, a mobile medical practice of doctors, nurse practitioners, and physician assistants making house calls," said Jason Caras, CEO of IT Authorities.

WidePoint's Subsidiary IT Authorities Awarded New Contract to Provide Managed IT Services

FAIRFAX, VA / ACCESSWIRE / November 29, 2023 / 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 its subsidiary IT Authorities (ITA) has been awarded a new contract valued at $900,000 for Cisco equipment by a national bottling distributor. "IT Authorities is proud to support the growth of our customers by providing Cisco products," said Jason Caras, CEO of IT Authorities.

WidePoint's Subsidiary IT Authorities Awarded New CISCO Equipment Contract

WidePoint Corporation (NYSE:WYY ) Q3 2023 Earnings Conference Call November 14, 2023 4:30 PM ET Company Participants Jin Kang - President and CEO Jason Holloway - Chief Revenue Officer Robert George - Chief Financial Officer Conference Call Participants Scott Buck - H.C. Wainwright Operator Good afternoon.

WidePoint Corporation (WYY) Q3 2023 Earnings Call Transcript

FAIRFAX, VA / ACCESSWIRE / November 14, 2023 / 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 third quarter ended September 30, 2023. Third Quarter 2023 and Recent Operational Highlights: Awarded a new three-year, $1.7 million Identity & Access Management contract to provide IAM solutions to an agency of the U.S. Department of Transportation.

WidePoint Reports Third Quarter 2023 Financial Results

FAIRFAX, VA / ACCESSWIRE / November 1, 2023 / 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 Tuesday, November 14, 2023 at 4:30 p.m. Eastern Time to discuss its financial results for the third quarter ended September 30, 2023.

WidePoint Sets Third Quarter 2023 Conference Call for Tuesday, November 14, 2023 at 4:30 p.m. ET

FAIRFAX, VA / ACCESSWIRE / September 20, 2023 / 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 be attending the 16th annual LD Micro Main Event on October 3-5, 2023 at the Luxe Sunset Boulevard Hotel. This three-day event will feature presentations from the management teams of approximately 200 companies across multiple industries to showcase the next generation of exceptional, innovative companies in the micro-cap space.

WidePoint to Present at the 16th Annual LD Micro Main Event on October 4th at 9:30 AM PT

FAIRFAX, VA / ACCESSWIRE / August 30, 2023 / 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 be virtually presenting and holding one-on-one meetings at the H.C. Wainwright 25th Annual Global Investment Conference on September 11-13, 2023 at the Lotte New York Palace Hotel in New York City.

WidePoint to Virtually Present and Participate at the H.C. Wainwright 25th Annual Global Investment Conference

FAIRFAX, VA / ACCESSWIRE / August 22, 2023 / 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 today that it was awarded a new 3-year, $1.7 million Identity and Access Management contract by an agency of the U.S. Department of Transportation. Under this contract, WidePoint will be providing the Agency of the DoT our most secure identity management solution.

WidePoint Cybersecurity Awarded New $1.7 Million Identity and Access Management Contract

WidePoint Corporation (NYSE:WYY ) Q2 2023 Earnings Call Transcript August 15, 2023 8:00 AM ET Company Participants Jin Kang - Chief Executive Officer & President Jason Holloway - Chief Revenue Officer Robert George - Chief Financial Officer Conference Call Participants Operator Good afternoon. Welcome to WidePoint's Second Quarter 2023 Earnings Conference Call.

WidePoint Corporation (WYY) Q2 2023 Earnings Call Transcript

FAIRFAX, VA / ACCESSWIRE / August 15, 2023 / 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 second quarter ended June 30, 2023. Second Quarter 2023 and Recent Operational Highlights: Awarded a new three-year IT managed services contract worth $2.7 million by a national Sports Marketing, Media & Technology company, which is an expansion from a successful pilot program.

WidePoint Reports Second Quarter 2023 Financial Results

FAIRFAX, VA / ACCESSWIRE / August 8, 2023 / 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 Tuesday, August 15, 2023 at 4:30 p.m. Eastern time to discuss its financial results for the second quarter ended June 30, 2023.

WidePoint Sets Second Quarter 2023 Conference Call for Tuesday, August 15, 2023 at 4:30 p.m. ET

FAIRFAX, VA / ACCESSWIRE / August 7, 2023 / 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 its subsidiary IT Authorities (ITA) has been awarded a new three-year IT managed services contract worth $2.7 million by a national Sports Marketing, Media & Technology company, which is an expansion from a successful pilot program. ITA will provide IT-as-a-Service Network & Infrastructure Monitoring and management, with 24x7x365 help desk support.

WidePoint's Subsidiary IT Authorities Awarded New $2.7 Million IT Managed Services Provider Contract

FAIRFAX, VA / ACCESSWIRE / July 20, 2023 / 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 today that it was awarded a $3.2 million contract for wireless mobility services by the Federal Communications Commission (FCC). The period of performance is one-year base phase followed by four-year option periods.

WidePoint Awarded $3.2 Million Mobility Managed Services Contract from the Federal Communications Commission

FAIRFAX, VA / ACCESSWIRE / July 11, 2023 / 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 today that it was awarded approximately $46 million in IT and security contracts during the second quarter of 2023. Jin Kang, WidePoint's CEO, stated: "In the second quarter of 2023, WidePoint saw more than 80 contractual actions across our business units including new awards, renewals, contract extensions and exercised option periods.

WidePoint Awarded $46 Million in IT and Security Contracts During Q2 2023

FAIRFAX, VA / ACCESSWIRE / May 31, 2023 / 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), has opened two new locations for issuing Identity & Access Management credentials. WidePoint provides information assurance and authentication services for business-to-government, government-to-government, and citizen-to-government entities.

WidePoint Opens New Identity & Access Management Credential Issuing Locations

WidePoint Corporation (NYSE:WYY ) Q1 2023 Earnings Conference Call May 15, 2023 4:30 PM ET Company Participants Jin Kang - Chief Executive Officer & President Jason Holloway - Chief Revenue Officer Robert George - Chief Financial Officer Operator Good afternoon, and welcome to WidePoint's First Quarter 2023 Earnings Conference Call. My name is Ali, and I will be your operator for today's call.

WidePoint Corporation (WYY) Q1 2023 Earnings Call Transcript

FAIRFAX, VA / ACCESSWIRE / May 15, 2023 / WidePoint Corporation (NYSE American:WYY) , the Trusted Mobility Solutions company, reported results for the first quarter ended March 31, 2023. First Quarter 2023 and Recent Operational Highlights: Executed a new contract to provide Mobile and Telecom Managed Services to a Standard & Poor's 500 Food & Beverage company; WidePoint was selected to replace one of its competitors Entered into a reseller agreement with BK Technologies Corporation for the resale of BK's InteropONE PTToC (Push-To-Talk Over Cellular) service to the U.S. Department of Homeland Security and the U.S. Department of State Intelligent Technology Management System, or ITMS™, has achieved FedRAMP in-process status Unified Communication Analytics solution set has been approved for the Microsoft commercial marketplace and has been launched in the Ingram Micro Marketplace Expanded credential issuing capabilities for customers to schedule credentialling appointments at any WidePoint facility Secured a substantial amount of "text capture" business as a result of a February 2023 mandate that federal agencies must preserve all government business communications including texts Implemented multiple commercial and federal customers from awards in Q4 and early Q1 45 total contractual actions resulting in over $34 million in annual contract value.

WidePoint Reports First Quarter 2023 Financial Results

FAIRFAX, VA / ACCESSWIRE / May 1, 2023 / 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 Monday, May 15, 2023 at 4:30 p.m. Eastern time to discuss its financial results for the first quarter ended March 31, 2023.

WidePoint Sets First Quarter 2023 Conference Call for Monday, May 15, 2023 at 4:30 p.m. ET

FAIRFAX, VA / ACCESSWIRE / April 17, 2023 / 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 be presenting at the Ladenburg Thalmann Tech Expo on April 27th, 2023 in New York, NY. WidePoint management is scheduled to present on Thursday, April 27th at 9:00 a.m.

WidePoint to Present at the Ladenburg Thalmann Technology Expo 2023 on April 27, 2023

WidePoint Corporation (NYSE:WYY ) Q4 2022 Earnings Conference Call March 27, 2023 4:30 PM ET Company Participants Jin Kang - Chief Executive Officer & President Jason Holloway - Chief Revenue Officer Robert George - Chief Financial Officer Conference Call Participants Scott Buck - H.C. Wainwright Operator Good afternoon.

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