Welcome to our dedicated page for Widepoint news (Ticker: WYY), a resource for investors and traders seeking the latest updates and insights on Widepoint stock.
WidePoint Corporation (NYSE American: WYY) is a technology Managed Solution Provider (MSP) that focuses on Trusted Mobility Management, enterprise cybersecurity, and telecom management. The WidePoint news feed on this page aggregates company-issued press releases and related coverage so readers can follow how the business communicates its progress, contracts, and financial results.
According to its public statements, WidePoint is a federally certified provider of Trusted Mobility Management (TM2) solutions and emphasizes secure, compliant management of mobile and telecom environments. News items frequently highlight awards under federal contract vehicles such as the Navy Spiral 4 contract and Cellular Wireless Managed Services (CWMS) 2.0, including task orders from U.S. Customs & Border Protection and the U.S. Army. These announcements describe managed mobility services, wireless devices, paging systems, and related support activities.
Investors and analysts can also use this page to follow WidePoint’s earnings-related updates. The company issues press releases and hosts conference calls to discuss quarterly and year-to-date financial results, and then files associated Form 8-K reports. These communications often include commentary on metrics such as revenues, gross profit, net loss, Adjusted EBITDA, and free cash flow, along with contract backlog and operational highlights.
In addition, WidePoint’s news flow includes contract wins and SaaS engagements, such as its multi-year SaaS contract with a major telecommunications carrier to deploy the FedRAMP-authorized ITMS™ Command Center Platform, as well as announcements about participation in investor conferences and presentations. By reviewing the articles and releases linked here, readers can see how WidePoint presents its strategy around mobility management, FedRAMP-authorized platforms, and government-focused technology services.
Bookmark this page to access an organized stream of WidePoint news, including contract announcements, financial disclosures, and corporate presentations related to WYY.
WidePoint Corporation (NYSE American:WYY) has secured a new Managed Mobility Services contract valued at approximately $540,000 with a major U.S. beverage bottler. This 3-year agreement will enable WidePoint to offer a comprehensive suite of services. CEO Jin Kang highlighted the contract as a testament to their successful cross-selling and upselling strategies following the acquisition of IT Authorities. The company aims to expand its technology solutions portfolio, enhancing efficiencies for its clients in mobility and security.
WidePoint Corporation (NYSE American:WYY) announced that its subsidiary Soft-ex Communications launched the Three Analyst platform with Three UK on August 3, 2022. This platform enhances digital billing communications and analytics for Three UK's business customers, allowing them to monitor mobile usage and spending through a self-service portal. The collaboration is expected to optimize customer engagement and deliver cost certainty for businesses. This initiative highlights WidePoint's focus on adapting to digitalization and improving customer engagement for enterprise clients.
WidePoint Corporation (NYSE American:WYY) will hold a conference call on August 15, 2022, at 4:30 p.m. Eastern time to discuss its second-quarter financial results for the period ending June 30, 2022. The announcement of the financial results will be made in a press release prior to the call.
The call will be hosted by management, followed by a Q&A session. Interested parties can participate by calling 888-506-0062 (U.S.) or 973-528-0011 (International) using access code 228203. A replay of the call will be available after 7:30 p.m. ET.
WidePoint Corporation (NYSE American:WYY) announced over $53.2 million in contracts awarded during Q2 2022. The company secured more than 50 contractual actions, including new awards and renewals, primarily in Identity and Access Management (IAM), Telecommunications, and IT as a Service (ITaaS). Notable contracts were awarded under the DHS CWMS 2.0 IDIQ contract involving key agencies such as the U.S. Coast Guard and TSA. CEO Jin Kang highlighted growth in the commercial sector and an expanding contract pipeline, reinforcing the company's strategic focus.
WidePoint Corporation (NYSE American:WYY) has announced a new Task Order award from the U.S. Coast Guard under the DHS Cellular Wireless Management Services 2.0 BPA. This Task Order, effective from May 1, 2022, to October 31, 2026, has a ceiling value of $73.4 million if fully exercised. The initial funding is $7.9 million for a six-month base period. CEO Jin Kang emphasized the commitment to enhancing operational efficiency for the U.S. Coast Guard. The collaboration aims to provide cost savings and improved security in mobile services.
WidePoint Corporation (NYSE American:WYY) has renewed its revolving credit facility, increasing its borrowing capacity from $5 million to $7 million, a 40% rise. This expansion is aimed at supporting anticipated growth while maintaining specific financial covenants. CEO Jin Kang stated that although no funds have been borrowed yet, the increased capacity positions the company favorably for future investments. WidePoint specializes in technology solutions such as Identity and Access Management, Telecommunications, and Managed Mobility Services.
WidePoint Corporation (NYSE American: WYY) will attend the LD Micro Invitational XII from June 7-9, 2022, with a presentation scheduled for June 8 at 12:00 p.m. ET. The company specializes in Identity and Access Management, Telecommunications, and Managed Mobility Services, among other technology solutions. Interested parties can schedule one-on-one meetings with management by contacting Gateway Group. WidePoint is recognized for pioneering solutions to secure the mobile workforce and enterprise landscape. For more details, visit widepoint.com.
WidePoint Corporation (WYY) reported a net loss of $393,000 for Q1 2022, with revenue increasing to $22.4 million, a 8.2% rise from $20.7 million in Q1 2021. Managed Services revenue rose by 2% to $9.5 million. The gross margin declined to 17% from 22.8%. The company is investing in growth, pausing its share repurchase program to preserve cash for potential acquisitions. CEO Jin Kang expressed optimism about future performance, expecting revenue between $92 million and $98 million for the year and adjusted EBITDA of $2.5 million to $3.5 million.
WidePoint Corporation (NYSE American: WYY) announced its participation in the Ingram Micro Cloud Summit 22 from May 17-19, 2022, in Miami. Its subsidiaries, Soft-ex and IT Authorities, are attending to showcase their innovations in Voice Analytics and Digital Billing. Soft-ex has been recognized as a value-added partner by Ingram Micro for Microsoft Teams solutions. Both subsidiaries aim to enhance digital experiences for clients through strategic collaborations with Ingram Micro and Microsoft, with WidePoint’s CEO emphasizing the potential for new business opportunities.
WidePoint Corporation (NYSE American: WYY) has announced a conference call scheduled for May 16, 2022, at 4:30 p.m. ET to discuss its Q1 financial results for the period ending March 31, 2022. The company specializes in Identity and Access Management and Managed Mobility Services. Prior to the call, a press release with financial results will be issued. Interested parties can join the call using the U.S. dial-in number 888-506-0062 or the international number 973-528-0011.