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Widepoint Corp - WYY STOCK NEWS

Welcome to our dedicated news page for Widepoint (Ticker: WYY), a resource for investors and traders seeking the latest updates and insights on Widepoint.

Our selection of high-quality news articles is accompanied by an expert summary from Rhea-AI, detailing the impact and sentiment surrounding the news at the time of release, providing a deeper understanding of how each news could potentially affect Widepoint's stock performance. The page also features a concise end-of-day stock performance summary, highlighting the actual market reaction to each news event. The list of tags makes it easy to classify and navigate through different types of news, whether you're interested in earnings reports, stock offerings, stock splits, clinical trials, fda approvals, dividends or buybacks.

Designed with both novice traders and seasoned investors in mind, our page aims to simplify the complex world of stock market news. By combining real-time updates, Rhea-AI's analytical insights, and historical stock performance data, we provide a holistic view of Widepoint's position in the market.

Rhea-AI Summary
WidePoint announced that it was awarded $22.7 million in contracts during Q1 2024, with a focus on government contracts and IAM offerings. The CEO highlighted the company's strategic partnerships and sustained growth trajectory.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
3.81%
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Rhea-AI Summary
WidePoint (WYY) reported strong financial results for Q4 and full year 2023, showcasing revenue growth, positive EBITDA, and new contract wins. The company's CEO, Jin Kang, highlighted the resilience of their sales and marketing strategy amidst macroeconomic challenges, setting a positive outlook for fiscal year 2024.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-2.3%
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Rhea-AI Summary
WidePoint Corporation (WYY) will hold a conference call on March 26, 2024, to discuss its financial results for Q4 and full year 2023. The call will be hosted by WidePoint's management and include a Q&A session. Details for accessing the call and replay are provided in the press release.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-0.79%
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none
Rhea-AI Summary
WidePoint Corporation (WYY) announces positive operational and financial results for 2023, with revenues of $106 million and sequential growth in Adjusted EBITDA. The company ended 2023 with $6.9 million in cash, no bank debt, and a substantial federal contract backlog of $359 million for 2024. CEO Jin Kang highlights the focus on sales, marketing, and security solutions for sustained growth in 2024.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-2.36%
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none
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Rhea-AI Summary
WidePoint Corporation (NYSE American:WYY) 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. The contract expands IT Authorities' reputation as a leading MSP and includes managed IT services, end user support, disaster recovery planning, and managed cyber security services. This award is a successful example of cross-sell efforts by WidePoint, combining its strengths to elevate its position in the MSP arena.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-4.36%
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none
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Rhea-AI Summary
WidePoint Corporation (WYY) announced $70.3 million in contracts in Q4 2023, including $64.9 million in new business and contracts with federal agencies. The CEO is optimistic about sustained growth in 2024.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
13.96%
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Rhea-AI Summary
WidePoint Corporation (NYSE American:WYY) 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. The company is expanding its nationwide reach to address the growing homebound patient population, reflecting their dedication to safeguarding patient privacy. This strategic partnership is a testament to WidePoint's ongoing commitment to excellence in the healthcare industry.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
7.03%
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none
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Rhea-AI Summary
WidePoint Corporation (NYSE American:WYY) subsidiary IT Authorities secures $900,000 contract for Cisco equipment. CEO Jason Caras highlights the company's collaboration with Cisco and excellence in the Consumer Packaged Goods industry. WidePoint CEO Jin Kang emphasizes IT Authorities' ability to deliver high-quality and best-value products and services, contributing to cross-selling and upselling of WidePoint ITaaS solutions.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
5.36%
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none
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Rhea-AI Summary
WidePoint Corporation (NYSE American: WYY) reported positive financial results for Q3 2023, including a 2% increase in revenues, new contract awards totaling $24.4 million, and positive Adjusted EBITDA for the 25th consecutive quarter. The company also highlighted its sales and marketing initiatives, anticipating revenue growth and free cash flow surpassing 2022 figures by $3.5 million.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
2.98%
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Rhea-AI Summary
WidePoint Corporation (NYSE American:WYY) will hold a conference call on November 14, 2023, at 4:30 p.m. ET to discuss its financial results for the third quarter ended September 30, 2023. The call will be followed by a question and answer period. Dial-in numbers and access codes are provided.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-1.18%
Tags
Widepoint Corp

NYSE:WYY

WYY Rankings

WYY Stock Data

19.81M
6.19M
23.51%
9.87%
0.33%
Computer Systems Design Services
Professional, Scientific, and Technical Services
Link
US
Fairfax

About WYY

widepoint corporation is a leading provider of wireless mobility management and cybersecurity solutions. identity access management, multi-factor authentication and critical response management offer advanced information technology through its innovative solutions to the government and commercial markets. widepoint is comprised of four business groups with each offering unique capabilities specializing in emergency response management solutions, asymmetric authentication deployed as pki, wireless telecommunication expense management services, forensic informatics system engineering and consulting services. we provide leadership on trusted virtual and physical credentialing authentication, authorization and attribute tracking; and competitive sourcing of wireless telecommunication services to meet the demands of our government and commercial customers. we intend to grow significantly over the next few years through a combination of aggressive organic growth, the acquiring of selective