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.
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WidePoint Corporation (NYSE American: WYY) will present at the Ladenburg Thalmann Tech Expo on April 27, 2023, at 9:00 a.m. Eastern Time in New York, NY. The event will feature around 50 technology companies, offering multiple presentation tracks and one-on-one meetings.
The Expo focuses on sectors like media, software, and hardware technologies, allowing attendees to engage directly with company management.
WidePoint, a leader in technology Managed Solutions, specializes in Identity & Access Management, Telecommunications, and Managed Mobility Services. For more details, visit widepoint.com.
WidePoint Corporation (WYY) reported its fourth quarter and full year results for 2022, achieving revenues of $23.3 million in Q4 and $94.1 million for the year, an 8% increase year-over-year. Despite this growth, the company incurred a net loss of $8.9 million in Q4, translating to a loss of $(1.02) per diluted share. Adjusted EBITDA stood at $561,000 for Q4 and $1.1 million for the full year. The company secured 15 contracts totaling over $5.7 million in funding for the next 12 months. CEO Jin Kang expressed optimism about continued growth through operational excellence and strategic customer renewals.
WidePoint Corporation (NYSE American: WYY) announced a conference call scheduled for March 27, 2023, at 4:30 p.m. ET. The call will discuss financial results for the fourth quarter and full year ended December 31, 2022. Prior to the call, a press release detailing financial outcomes will be issued. The conference will feature a Q&A session with management. Interested participants can join via U.S. dial-in number 888-506-0062 or international number 973-528-0011, using the access code 241547. A replay will be available following the call until April 10, 2023. For more details, visit WidePoint's website.
WidePoint Corporation (NYSE American: WYY) has entered a reseller agreement with BK Technologies Corporation (NYSE American: BKTI) to promote BK's InteropONE Push-To-Talk Over Cellular (PTToC) service to the U.S. Department of Homeland Security (DHS) and U.S. Department of State. This service allows first responders to establish on-demand communication groups without needing prior network setup. Under the Cellular Wireless Managed Services contract, WidePoint aims to enhance multi-agency incident response capabilities, enabling seamless communication during emergencies. Initial field trials have received positive feedback. This partnership is expected to broaden customer relationships and support business growth.
WidePoint Corporation (NYSE American: WYY) has secured a new contract to provide Mobile and Telecom Managed Services to a major S&P 500 and FTSE4Good Food & Beverage company. This contract includes comprehensive services such as vendor communication management, invoice processing, billing dispute resolution, cost-saving identification, and analytics reporting. CEO Jin Kang expressed pride in displacing a competitor and highlighted the role of their Intelligent Technology Management System in achieving this win. This contract marks the third significant competitive displacement for WidePoint recently, emphasizing its strong position in the market.
WidePoint Corporation (NYSE:WYY) has launched its subsidiary Soft-ex Communications on the Ingram Micro Cloud Marketplace to offer innovative Voice Analytics solutions that enhance Microsoft Teams usage and adoption. This strategic move enables Soft-ex to reach a broader audience through a major ecommerce platform, making it easier for businesses to implement and manage their solutions. By partnering with Ingram Micro, Soft-ex aims to provide value-added services that optimize Teams Voice experiences, driving client retention and incremental revenue for Managed Service Providers.
WidePoint Corporation (NYSE American:WYY) will participate in the Ladenburg Virtual Tech Expo 22 on December 7, 2022. The event will feature presentations from around 50 technology and media firms across sectors such as cybersecurity and fintech. WidePoint's management is set to present at 9:00 a.m. Eastern Time, alongside virtual one-on-one meetings. The company is recognized for its innovative solutions in Identity and Access Management and other technology services.
WidePoint Corporation (WYY) reported its Q3 2022 results, showcasing a 14% revenue growth to $25.3 million. Managed Services revenue rose to $7.6 million, with a gross margin of 15%. However, the company incurred a net loss of $541,000 or $(0.06) per diluted share. For the nine months ending September 30, 2022, revenues increased 13% to $70.8 million, but the net loss totaled $14.7 million or $(1.68) per diluted share. Management anticipates full-year revenues between $92 million - $98 million and Adjusted EBITDA of $1.0 million - $1.2 million.