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 / June 30, 2022 / WidePoint Corporation (NYSE American:WYY) , the innovative technology Managed Solution Provider (MSP) specializing in Identity and Access Management (IAM), Telecommunications and Managed Mobility Services (MMS), Digital Billing & Analytics, and IT as a Service (ITaaS), announced today that it has renewed its revolving credit facility of $5 million for working capital. And subsequently increased borrowing capacity of the credit facility by $2 million.

WidePoint Increases Working Capital Line of Credit to 7 Million

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FAIRFAX, VA / ACCESSWIRE / June 1, 2022 / WidePoint Corporation (NYSE American: WYY ), the innovative technology Managed Solution Provider (MSP) specializing in Identity and Access Management (IAM), Telecommunications and Managed Mobility Services (MMS), Digital Billing & Analytics, and IT as a Service (ITaaS), will be attending the LD Micro Invitational XII from June 7-9, 2022. WidePoint management is scheduled to present on Wednesday, June 8, at 12:00 p.m.

WidePoint to Present at the LD Micro Invitational XII on June 8th, 2022

WidePoint Corporation (NYSE:WYY ) Q1 2022 Earnings Conference Call May 16, 2022 4:30 PM ET Company Participants Jin Kang – President and Chief Executive Officer Robert George – Chief Financial Officer Jason Holloway – Executive Vice President and Chief Sales & Marketing Officer Conference Call Participants Barry Sine – Spartan Capital Securities Operator Good afternoon. Welcome to WidePoint's First Quarter 2022 Earnings Conference Call.

WidePoint Corporation (WYY) CEO Jin Kang on Q1 2022 Results - Earnings Call Transcript

FAIRFAX, VA / ACCESSWIRE / May 16, 2022 / WidePoint Corporation (NYSE American:WYY) , the innovative technology Managed Solution Provider (MSP) specializing in Identity and Access Management (IAM), Telecommunications and Managed Mobility Services (MMS), Digital Billing & Analytics, and IT as a Service (ITaaS), reported results for the first quarter ended March 31, 2022. First Quarter 2022 and Recent Operational Highlights: Appointed Robert "Bob" George as Chief Financial Officer, who officially started on April 1, 2022.

WidePoint Reports First Quarter 2022 Financial Results

FAIRFAX, VA / ACCESSWIRE / May 12, 2022 / WidePoint Corporation (NYSE American:WYY) , the innovative technology Managed Solution Provider (MSP) specializing in Identity and Access Management (IAM), Telecommunications and Managed Mobility Services (MMS), Digital Billing & Analytics, and IT as a Service (ITaaS), announced today that Soft-ex and IT Authorities, subsidiaries of WidePoint, will be attending Ingram Micro Cloud Summit 22 in Miami on May 17-19, 2022. Soft-ex has been selected by Ingram Micro as a value add partner for its Microsoft Teams propositions and will be showcasing the company's Voice Analytics & Digital Billing solution.

WidePoint to Attend Ingram Micro Cloud Summit 22

FAIRFAX, VA / ACCESSWIRE / May 2, 2022 / WidePoint Corporation (NYSE American:WYY), the innovative technology Managed Solution Provider (MSP) specializing in Identity and Access Management (IAM), Telecommunications and Managed Mobility Services (MMS), Digital Billing & Analytics, and IT as a Service (ITaaS), will hold a conference call on Monday, May 16, 2022 at 4:30 p.m. Eastern time to discuss its financial results for the first quarter ended March 31, 2022.

WidePoint Sets First Quarter 2022 Conference Call for Monday, May 16, 2022 at 4:30 p.m. ET

FAIRFAX, VA / ACCESSWIRE / April 19, 2022 / WidePoint Corporation (NYSE American:WYY) , the innovative technology Managed Solution Provider (MSP) specializing in Identity and Access Management (IAM), Telecommunications and Managed Mobility Services (MMS), Digital Billing & Analytics, and IT as a Service (ITaaS), will be presenting at the Planet MicroCap Showcase at the Bally's Hotel & Casino in Las Vegas, NV on Wednesday, May 4, 2022 at 9:30 AM PT. WidePoint management's presentation will be webcast and available for replay here.

WidePoint to Present at the Planet MicroCap Showcase in Las Vegas on Wednesday, May 4, 2022

WidePoint Corporation (WYY) CEO Jin Kang on Q4 2021 Results - Earnings Call Transcript

FAIRFAX, VA / ACCESSWIRE / March 28, 2022 / WidePoint Corporation (NYSE American:WYY) , the innovative technology Managed Solution Provider (MSP) specializing in Identity and Access Management (IAM), Telecommunications and Managed Mobility Services (MMS), Digital Billing & Analytics, and IT as a Service (ITaaS), today reported results for the fourth quarter and full year ended December 31, 2021. Fourth Quarter 2021 and Recent Operational Highlights: Acquired IT Authorities, Inc. (ITA) an award-winning provider of comprehensive information technology (IT) as a service (ITaaS) Appointed Robert "Bob" George as Chief Financial Officer, who will officially take the role on April 1, 2022.

WidePoint Reports Full Year and Fourth Quarter 2021 Financial Results

FAIRFAX, VA / ACCESSWIRE / March 17, 2022 / WidePoint Corporation (NYSE American:WYY) , the innovative technology Managed Solution Provider (MSP) specializing in Identity and Access Management (IAM), Telecommunications and Managed Mobility Services (MMS), Digital Billing & Analytics, and IT as a Service (ITaaS), will be virtually presenting at the Maxim 2022 Virtual Growth Conference, which is being held on March 28-30, 2022. WidePoint management's presentation will be webcast and available for replay here.

WidePoint to Present at the Maxim 2022 Virtual Growth Conference

FAIRFAX, VA / ACCESSWIRE / March 14, 2022 / WidePoint Corporation (NYSE American:WYY) , the innovative technology Managed Solution Provider (MSP) specializing in Identity and Access Management (IAM), Telecommunications and Managed Mobility Services (MMS), Digital Billing & Analytics, and IT as a Service (ITaaS), has appointed Robert "Bob" George as Chief Financial Officer ("CFO") who will officially take role on April 1, 2022. George replaces Kellie Kim, who previously announced her retirement in November 2021.

WidePoint Appoints Bob George as Chief Financial Officer

FAIRFAX, VA / ACCESSWIRE / March 9, 2022 / WidePoint Corporation (NYSE American:WYY) , the leading provider of Trusted Mobility Management (TM2) specializing in Identity Management (IdM), Managed Mobility Services (MMS), Telecommunications Lifecycle Management (TLM), and Digital Billing & Analytics solutions, will hold a conference call on Monday, March 28, 2022 at 4:30 p.m. Eastern time to discuss its financial results for the fourth quarter and full year ended December 31, 2021.

WidePoint Sets Fourth Quarter and Full Year 2021 Conference Call for Monday, March 28, 2022 at 4:30 p.m. ET

FAIRFAX, VA / ACCESSWIRE / February 28, 2022 / WidePoint Corporation (NYSE American:WYY) , an innovative technology Managed Solution Provider (MSP) specializing in Identity and Access Management (IAM), Telecommunications and Managed Mobility Services (MMS), Digital Billing & Analytics, and IT as a Service (ITaaS), announced today an expansion of the company's portfolio of secure technology management as a service offerings. Jin Kang, WidePoint's CEO, stated: "In 2021, WidePoint proactively focused on product development initiatives needed to expand our portfolio of solutions to power opportunities for material growth in 2022 and beyond.

WidePoint Expands Portfolio of Secure Technology Management Service Offerings

FAIRFAX, VA / ACCESSWIRE / February 7, 2022 / WidePoint Corporation (NYSE American:WYY) , the leading provider of Trusted Mobility Management (TM2) specializing in Identity Management (IdM), Managed Mobility Services (MMS), Telecommunications Lifecycle Management (TLM), and Digital Billing & Analytics solutions, announced a new Cooperative Contract award for Software Solutions from the State of Texas Department of Information Resources (DIR). The focus of the contract is Mobile and Wireline Software as a Service (SaaS) solutions.

WidePoint Awarded New Software Solutions Cooperative Contract from the Texas Department of Information Resources

FAIRFAX, VA / ACCESSWIRE / January 31, 2022 / WidePoint Corporation (NYSE American:WYY) , the leading provider of Trusted Mobility Management (TM2) specializing in Identity Management, Telecommunications Lifecycle Management, Digital Billing & Analytics, and IT as a Service (ITaaS), announced today that WidePoint's Public Key Infrastructure (PKI) Identity Management solutions are Quantum-resistant. While Quantum computing is still in the development phase, the impact on the existing cryptographic infrastructure is challenging today's access and identity management protocols.

WidePoint PKI and Identity Management Solutions are Quantum-Resistant

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FAIRFAX, VA / ACCESSWIRE / January 5, 2022 / WidePoint Corporation (NYSE American:WYY) , the leading provider of Trusted Mobility Management (TM2) specializing in Identity Management, Telecommunications Lifecycle Management, Digital Billing & Analytics, and IT as a Service (ITaaS), today announced it has purchased approximately 299,500 shares of its common stock (approximately $1.23 million) as of December 31, 2021 as part of its previously announced share repurchase program. The Company also implemented a prearranged share repurchase trading plan, in accordance with Rule 10b5-1 of the Securities Exchange Act of 1934, to execute future repurchases.

WidePoint Purchases Approximately 299,500 Shares of its Common Stock and Implements Rule 10b5-1 Repurchase Trading Plan

FAIRFAX, VA / ACCESSWIRE / November 30, 2021 / WidePoint Corporation (NYSE American:WYY) , the leading provider of Trusted Mobility Management (TM2) specializing in Identity Management, Telecommunications Lifecycle Management, Digital Billing & Analytics, and IT as a Service (ITaaS), will be virtually presenting and holding one-on-one meetings at the Sidoti December Virtual Micro Cap Conference on December 8-9, 2021. WidePoint management is scheduled to present on Thursday, December 9th, at 2:30 p.m.

WidePoint To Present at the Sidoti December Virtual Micro Cap Conference on December 9th, 2021

FAIRFAX, VA / ACCESSWIRE / November 22, 2021 / WidePoint Corporation (NYSE American:WYY) , the leading provider of Trusted Mobility Management (TM2) specializing in Identity Management, Telecommunications Lifecycle Management, Digital Billing & Analytics, and IT as a Service (ITaaS), today announced that it has achieved FedRAMP Ready Status for WidePoint's proprietary Intelligent Telecommunications Management System (ITMS™) platform. FedRAMP is a U.S. government program that provides a standardized approach to security assessment, authorization, and continuous monitoring for cloud products and services.

WidePoint Achieves FedRAMP Ready Status

WidePoint Corp (WYY) CEO Jin Kang on Q3 2021 Results - Earnings Call Transcript

FAIRFAX, VA / ACCESSWIRE / November 15, 2021 / WidePoint Corporation (NYSE American:WYY) , the leading provider of Trusted Mobility Management (TM2) specializing in Identity Management, Telecommunications Lifecycle Management, Digital Billing & Analytics, and IT as a Service, today reported results for the third quarter ended September 30, 2021. Third Quarter 2021 and Recent Operational Highlights Awarded new contract to deliver Identity and Access Management credentials to a District of Columbia government branch Secured more than $16.8 million in Identity Management and Managed Mobility Services contract awards Awarded new contract with a major U.S. research university to deliver DoD Compliant Identity Management credentials On October 1, 2021 acquired IT Authorities, a globally ranked Managed Service Provider (MSP), Managed Security Services Provider (MSSP), and Cloud Services Provider (CSP) Reinstated Stock Repurchase Plan and increased size of Repurchase Plan to up to $5.0 million of its common stock Third Quarter 2021 Financial Highlights Revenues were $22.3 million Managed Services revenue was $9.2 million Gross margin improved to 16.5% Net income was $535,000 or $0.06 per diluted share (reflects a benefit of $1.3 million due to payroll tax credit) EBITDA, a non-GAAP financial measure, was $1.2 million Adjusted EBITDA, a non-GAAP financial measure, was $1.5 million As of September 30, 2021, cash and cash equivalents equaled $18.1 million Nine Months 2021 Financial Highlights: Revenues were $62.9 million (reflects a reduction of $3.7 million due to carrier credits) Managed Services revenue was $26.5 million Gross margin improved to 19.7% Net income was $916,000 or $0.10 per diluted share (reflects a benefit of $1.3 million due to payroll tax credit) EBITDA, a non-GAAP financial measure, was $2.6 million Adjusted EBITDA, a non-GAAP financial measure, was $3.2 million Management Commentary "The third quarter marked a period of productivity, as we successfully completed the acquisition of ITA, made progress across our sales and marketing initiatives, engaged in new strategic customer wins, upgraded our already robust portfolio of solutions, and continued to successfully execute our strategy for profitable growth," said WidePoint's CEO, Jin Kang.

WidePoint Reports Third Quarter 2021 Financial Results

FAIRFAX, VA / ACCESSWIRE / November 8, 2021 / WidePoint Corporation (NYSE American:WYY) , the leading provider of Trusted Mobility Management (TM2) specializing in Identity Management (IdM), Telecommunications Lifecycle Management, and Digital Billing & Analytics solutions, will be presenting at the Ladenburg Thalmann Virtual Tech Expo on November 18th, 2021. WidePoint management is scheduled to present on Thursday, November 18 at 1:30 p.m.

WidePoint to Present at the Ladenburg Thalmann Virtual Technology Expo 2021

FAIRFAX, VA / ACCESSWIRE / November 1, 2021 / WidePoint Corporation (NYSE American:WYY) , the leading provider of Trusted Mobility Management (TM2) specializing in Identity Management (IdM), Telecommunications Lifecycle Management (TLM), and Digital Billing & Analytics solutions, will hold a conference call on Monday, November 15, 2021 at 4:30 p.m. Eastern time to discuss its financial results for the third quarter ended September 30, 2021.

WidePoint Sets Third Quarter 2021 Conference Call for Monday, November 15, 2021 at 4:30 p.m. ET

FAIRFAX, VA / ACCESSWIRE / October 18, 2021 / WidePoint Corporation (NYSE American:WYY) , the leading provider of Trusted Mobility Management (TM2) specializing in Identity Management (IdM), Telecommunications Lifecycle Management (TLM), and Digital Billing & Analytics solutions, today announced a new contract to deliver Identity and Access Management credentials to a District of Columbia government branch. Under this contract, WidePoint Cybersecurity will deliver NFI (Non-Federal Issuer Interoperable) Personal Identity Verification (PIV-I) credentials, professional services, and hardware to perform the credential issuances on site.

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