Widepoint Stock Price, News & Analysis

WidePoint Corporation (NYSE American: WYY) reported its Q1 2025 financial results, marking its 31st consecutive quarter of positive Adjusted EBITDA and 6th consecutive quarter of positive free cash flow. Key financial metrics include revenues of $34.2 million, a net loss of $724,100 ($(0.08) per share), and Adjusted EBITDA of $92,400. The company secured $27.6 million in contract awards and maintains a $268 million contract backlog. Notable achievements include obtaining FedRAMP Authorization for ITMS, launching M365 Analyzer, and winning three Task Orders under the Spiral 4 Contract Vehicle. The company made a one-time accounting adjustment reducing revenue by $2.7 million. For FY2025, WidePoint projects revenue between $154-163 million, Adjusted EBITDA of $2.8-3 million, and aims for positive earnings per share.

WidePoint Corporation (NYSE American: WYY), a provider of enterprise cybersecurity and mobile technology solutions, has scheduled its first quarter 2025 earnings conference call for Thursday, May 15, 2025, at 4:30 p.m. ET. The company will release its financial results for Q1 2025 (ended March 31) via press release before the call.

The conference call will include a management presentation followed by a Q&A session. Investors can join using the U.S. dial-in (888-506-0062) or international number (973-528-0011) with access code 299364. A replay will be available until May 29, 2025, and can be accessed through the company's website or via dedicated replay numbers.

WidePoint (NYSE American:WYY) reported its Q4 and full year 2024 results, marking significant improvements in financial performance. Full-year 2024 revenues reached $142.6 million, up 35% from 2023, while Q4 revenues were $37.7 million, a 33% increase year-over-year.

The company achieved its 30th consecutive quarter of positive Adjusted EBITDA, which grew to $2.6 million for the full year, a 229% increase. Net loss improved to $1.9 million ($0.21 per share) from $4.0 million ($0.46 per share) in 2023. The company maintained a strong financial position with $6.8 million in unrestricted cash and no bank debt.

Notable achievements include obtaining FedRAMP Authorized Status for its Intelligent Technology Management System, launching M365 Analyzer, and securing $51.2 million in contract awards. The company reported a substantial $290 million contract backlog as of December 31, 2024.

WidePoint (NYSE American: WYY), a leader in enterprise cybersecurity and mobile technology, has rescheduled its Fourth Quarter and Full Year 2024 earnings conference call to Wednesday, April 16, 2025, at 4:30 p.m. ET.

The company will release its financial results prior to the call. Management will host the conference call followed by a Q&A session. Investors can join using the following details:

• U.S. dial-in: 888-506-0062
• International dial-in: 973-528-0011
• Access Code: 333097

A replay will be available until April 30, 2025, accessible via:

• Toll-free replay: 877-481-4010
• International replay: 919-882-2331
• Replay ID: 52176

WidePoint (NYSE American:WYY), a leader in enterprise cybersecurity and mobile technology, has announced the postponement of its Q4 and full year 2024 earnings conference call, originally scheduled for March 26, 2025.

The delay is attributed to a subsequent event in March 2025 that affects the accounting treatment of the company's financial results. WidePoint requires additional time to evaluate the impact on its financials and complete the 2024 audit.

The company emphasizes that this postponement is not related to any material concerns regarding its financial condition or operations. WidePoint plans to file its Form 10-K on time and will announce a new date for the earnings call once the audit is completed.

WidePoint (NYSE American:WYY) has secured a new Task Order under the Spiral 4 contract vehicle from a U.S. Department of Defense combat support agency. The contract, valued at $2.5 million annually, includes a base year plus nine one-year options, potentially reaching $25 million if all options are exercised.

Through this Task Order, WidePoint will provide Managed Mobility Solutions, supporting the procurement and management of wireless devices for users across all 50 U.S. states and 90 international countries. The service aims to ensure seamless connectivity and operational efficiency for military personnel deployed globally.

This marks WidePoint's first award under the Spiral 4 contract, which focuses on providing unclassified wireless mobility telecommunications services and devices with required cybersecurity profiles for the DoD.

WidePoint (NYSE American:WYY), a leader in enterprise cybersecurity and mobile technology, has scheduled its Fourth Quarter and Full Year 2024 earnings conference call for Wednesday, March 26, 2025, at 4:30 p.m. ET.

The company will release its financial results prior to the call. Management will host the conference call followed by a Q&A session. Investors can join using the U.S. dial-in number (888-506-0062) or International number (973-528-0011) with Access Code: 333097.

The call will be broadcast live and available for replay through the investor relations section of the company's website. A replay will be accessible until April 9, 2025, via toll-free (877-481-4010) or international (919-882-2331) numbers using Replay ID: 52176.

WidePoint (NYSE American:WYY) announced that its Intelligent Technology Management System (ITMS) has achieved FedRAMP Authorized status on February 19, 2025. The system is now authorized for use by the Bureau of Alcohol, Tobacco, Firearms and Explosives and the U.S. Department of Homeland Security.

ITMS is available on the FedRAMP Marketplace across multiple business categories including Analytics, Customer Service, Data Management, Fleet Management, Mobile Device Management, Network Management, Operations Management, and System Administration. The system establishes a trusted record for telecommunications, mobility, and technology management, enabling organizations to manage usage data for analysis, reporting, and optimization.

This achievement, following three years of effort, positions WidePoint to compete for major federal contracts including DHS CWMS 3.0 recompete, Census Decennial 2030, and NASA SEWP VI, among others.

WidePoint (NYSE American:WYY) has announced it expects to exceed its full-year 2024 revenue guidance and meet or surpass adjusted EBITDA and Free cash flow targets. The company reported a federal contract backlog of approximately $300 million as of December 31, 2024, marking its 30th consecutive quarter of positive adjusted EBITDA.

Key 2024 achievements include $52.7 million in contract awards, successful deployment of MobileAnchor Digital Credential solution, and advancement to the final phase of FedRAMP authorization. The company secured notable contracts including the $2.7 billion Spiral 4 contract and a $254 million ceiling increase in its DHS CWMS 2.0 contract.

For 2025, WidePoint aims to achieve positive earnings per share, focusing on the U.S. Department of Homeland Security's CWMS 3.0 recompete and expanding its Device as a Service (DaaS) partnership program in the commercial sector.