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) 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.
WidePoint Corporation (NYSE American: WYY) will present at the Planet MicroCap Showcase on May 4, 2022, at 9:30 AM PT in Las Vegas, NV. The company specializes in Identity and Access Management (IAM), Telecommunications, and Managed Mobility Services (MMS). Management's presentation will be available for webcast replay. Attendees can register for one-on-one meetings through the event's registration link. For further details, visit widepoint.com.
WidePoint Corporation (WYY) reported its fourth quarter and full year results for 2021, highlighting a revenue of $24.5 million for Q4 and $87.3 million for the full year. Managed Services revenue grew by 25% to $11.1 million in Q4, excluding the 2020 Census Project. However, a net loss of $575,000 was reported for Q4, translating to a loss of $0.06 per diluted share. The company anticipates a 5-10% growth in managed services revenues for 2022. A significant share repurchase program has been temporarily suspended to allow for business investment.
WidePoint Corporation (NYSE American:WYY) will present at the Maxim 2022 Virtual Growth Conference happening from March 28-30, 2022. The company specializes in Identity and Access Management (IAM), Telecommunications, and Managed Mobility Services (MMS). The presentation will be accessible via webcast, with replays available. Attendees of the conference can expect insights from a diverse range of sectors, including tech and healthcare. For more information or to arrange meetings, contact WYY@gatewayir.com.
WidePoint Corporation (NYSE American:WYY) has appointed Bob George as its new Chief Financial Officer, effective April 1, 2022. He replaces Kellie Kim, who announced her retirement in November 2021. George brings over 30 years of diverse experience in strategic planning and mergers & acquisitions, previously serving as CFO for Exovera and holding executive roles in notable companies. CEO Jin Kang expressed confidence in George's leadership, emphasizing his expertise will enhance WidePoint's growth strategy and performance in cybersecurity and IT services.
WidePoint Corporation (NYSE American:WYY) announced a conference call to discuss its financial results for the fourth quarter and full year ending December 31, 2021. The call is scheduled for March 28, 2022, at 4:30 p.m. Eastern time. Financial results will be released beforehand. Participants can join via U.S. dial-in or international numbers provided. A replay will be available after the call, extending until April 11, 2022. WidePoint specializes in Trusted Mobility Management solutions, including Identity Management and Managed Mobility Services.
WidePoint Corporation (NYSE American:WYY) announced an expansion of its technology management service offerings, including innovative Identity and Access Management (IAM) solutions. In 2021, the company focused on product development to enhance growth opportunities. Key achievements include quantum-resistant PKI solutions, SOC II certification for its subsidiary IT Authorities, and recognitions in the Gartner Magic Quadrant. The company is also enhancing its Digital Billing platform and expanding partnerships to meet complex cybersecurity challenges.