Widepoint Stock Price, News & Analysis

WidePoint Corporation (NYSE American:WYY) has secured a one-year, $110,000 contract to provide Device as a Service (DaaS) management and support for a Federal health research agency. The contract focuses on streamlining device deployment and lifecycle management for health research technologies. WidePoint will manage Apple products and supporting hardware, while Windows devices will be handled by a partner. The company's Intelligent Technology Management System (ITMS) platform will provide oversight, automation, and reporting capabilities. This contract represents the first of several potential DaaS opportunities in collaboration with WidePoint's Fortune 500 partner, offering services including reliable support, streamlined procurement, help desk support, secure asset disposition, and real-time device status monitoring.

WidePoint Corporation (NYSE American:WYY) has secured a significant three-year contract worth $1.06 million to provide External Certification Authority (ECA) Token Certificate credentials to a major U.S. aerospace and defense contractor. As one of only two providers authorized by the U.S. Department of Defense for ECA Token Certificates, WidePoint will deliver secure digital credentials for authentication and communications within the ECA ecosystem. The Fortune 100 client requires stringent supply chain security measures, particularly for foreign manufacturers' shipments, to prevent terrorist contraband. The contract highlights WidePoint's strong position in federal and defense sector identity management, with potential for expansion through their MobileAnchor Derived Credential Solution.

BroadSat Technologies and WidePoint Corporation (NYSE American: WYY) have announced a strategic partnership to create a comprehensive "dome of defense" for smart cities and federal networks. The collaboration integrates BroadSat's Sure Broadcast platform, which utilizes ATSC 3.0, 5G Broadcast, and EdgeAI technologies, with WidePoint's cybersecurity solutions including Identity and Access Management, IT-as-a-Service, and cloud security services. This partnership aims to deliver secure connectivity, computing, and content distribution at the edge, specifically targeting applications in smart transportation, public safety, federal continuity systems, and defense base connectivity. The joint solution enables intelligent automation, real-time analytics, and secure broadcast-grade content delivery while maintaining zero-trust access and continuous monitoring across networks.

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.