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 (WYY) reports developments in secure mobile management and technology managed services for government and enterprise customers. The company’s updates center on Trusted Mobility Management (TM2), Identity & Access Management (IAM), Mobility Managed Services (MMS), Telecom Management, Information Technology as a Service, Cloud Security, and Analytics & Billing as a Service (ABaaS).
Recurring news includes financial results and conference calls, managed-services contract awards, government mobility task orders under Cellular Wireless Managed Services (CWMS), FedRAMP-authorized ITMS platform activity, Device-as-a-Service opportunities, and investor conference participation. Updates also reference subsidiary and alliance activity, including Soft-Ex work tied to license management.
WidePoint Corporation (WYY) has partnered with Intercede to provide managed identity management credentialing services for a Fortune Global 500 company. This contract includes the deployment of Intercede's MyID credential management software. WidePoint will issue Personal Identity Verification (PIV-I) credentials, enabling access to a major federal agency's information. This is the third significant identity management contract announced by WidePoint in 2021, highlighting increasing demand for its solutions.
WidePoint Corporation (NYSE American: WYY) has secured over $86 million in task orders from the U.S. Department of Homeland Security (DHS) as part of its Cellular Wireless Managed Services (CWMS) 2.0 contract. This contract, established in November 2020, has a total ceiling of $500 million and spans five years. The awarded task orders include significant contracts for various DHS agencies, such as an $81.8 million order for Immigration and Customs Enforcement. The rapid awarding of these tasks suggests strong demand for WidePoint's solutions.
WidePoint Corporation (NYSE American: WYY) reported a successful 2020, marking its most profitable year. Revenues surged by 77% to $180.3 million, driven by a 29% increase in Managed Services revenue. The company achieved $10.3 million in net income and saw a 59% rise in Adjusted EBITDA to $5.7 million. Secured key contracts, including a $500 million deal with the U.S. Department of Homeland Security, reinforcing growth prospects. With strong metrics and a cash-rich balance sheet, WidePoint aims for continued growth in 2021.
WidePoint Corporation (NYSE American: WYY) announced a conference call scheduled for March 23, 2021, at 4:30 p.m. ET to discuss its financial results for the fourth quarter and full year ended December 31, 2020. The call will include a question-and-answer session. Investors can join via U.S. dial-in or international numbers provided. A live broadcast and replay will be available on the company’s investor relations website. This call aims to provide insights into the company’s performance, enhancing transparency for shareholders and potential investors.
WidePoint Corporation (NYSE American: WYY) reported over $10.4 million in contract awards for Q4 2020, including the U.S. Department of Homeland Security Cellular Wireless Managed Services 2.0 Contract. The company executed more than 30 contractual actions, encompassing new awards, renewals, and extensions across diverse sectors such as government, education, and leading corporations. CEO Jin Kang noted the growing adoption of their Managed Mobility Services as a preferred solution for mobile workforce management, highlighting an optimistic outlook for continued expansion in 2021.
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WidePoint Corporation (NYSE American: WYY) has secured a significant contract with a hospital associated with the U.S. Department of Health and Human Services (HHS). The contract includes issuing External Certificate Authority (ECA) credentials, which enable secure access to HHS systems for hospital employees and partners. The agreement spans a one-year initial term with a potential three-year extension. WidePoint is one of only two U.S. ECA providers authorized by the Department of Defense, positioning it advantageously in the market.
WidePoint Corporation (NYSE American: WYY) has been invited to present at the 23rd Annual Needham Growth Conference from January 11-15, 2021. The management presentation is scheduled for January 11 at 2:45 p.m. Eastern time. A live webcast will be available for replay. Additionally, management will conduct one-on-one virtual meetings with investors and analysts during the conference. For more details or to schedule a meeting, interested parties can contact Gateway Investor Relations.
WidePoint Corporation (NYSE American: WYY) announced a contract between its subsidiary Soft-ex Communications and Three Ireland (Hutchison) Limited to implement the Three Analyst digital billing platform. This platform aims to enhance customer experience by providing detailed insights into telecom costs for Three's enterprise customers. The partnership emphasizes innovation and seamless customer engagement, contributing positively to both companies. CEO Jin Kang highlighted the demand for their solutions amidst increasing digitalization efforts, strengthening WidePoint's position in the market.
WidePoint Corporation (NYSE American: WYY) announced that its subsidiary Soft-ex Communications has secured a multi-year contract with Zetacom. This partnership will enable Zetacom to provide clients with Unified Comms Analytics, offering integrated reporting and centralized cost visibility. The deal comes amid increased demand for remote communication solutions, especially Microsoft TEAMS and Mitel MiCollab. The CEOs of both companies expressed optimism about the collaboration, highlighting its potential benefits in optimizing communication infrastructure and enhancing customer experiences.