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) delivers essential technology solutions in cybersecurity and managed IT services for government and commercial sectors. This dedicated news hub provides investors and industry professionals with centralized access to verified corporate developments.
Track critical updates including quarterly earnings reports, federal contract awards, and product innovation announcements. Our curated collection features press releases on identity management advancements, telecom expense management solutions, and strategic partnerships that shape the company's market position.
Discover timely information about WidePoint's MobileAnchor credentials, ITaaS implementations, and cybersecurity initiatives without promotional bias. This resource serves financial professionals and technology stakeholders seeking to monitor the company's progress in securing digital infrastructure across regulated industries.
Bookmark this page for streamlined access to operational updates and material disclosures from a leader in managed mobility services and secure credentialing solutions.
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.
WidePoint (NYSE American:WYY), a leader in enterprise cybersecurity and mobile technology, has scheduled its Fourth Quarter and Full Year 2024 earnings conference call for Wednesday, March 26, 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 U.S. dial-in number (888-506-0062) or International number (973-528-0011) with Access Code: 333097.
The call will be broadcast live and available for replay through the investor relations section of the company's website. A replay will be accessible until April 9, 2025, via toll-free (877-481-4010) or international (919-882-2331) numbers using Replay ID: 52176.
WidePoint (NYSE American:WYY) announced that its Intelligent Technology Management System (ITMS) has achieved FedRAMP Authorized status on February 19, 2025. The system is now authorized for use by the Bureau of Alcohol, Tobacco, Firearms and Explosives and the U.S. Department of Homeland Security.
ITMS is available on the FedRAMP Marketplace across multiple business categories including Analytics, Customer Service, Data Management, Fleet Management, Mobile Device Management, Network Management, Operations Management, and System Administration. The system establishes a trusted record for telecommunications, mobility, and technology management, enabling organizations to manage usage data for analysis, reporting, and optimization.
This achievement, following three years of effort, positions WidePoint to compete for major federal contracts including DHS CWMS 3.0 recompete, Census Decennial 2030, and NASA SEWP VI, among others.
WidePoint (NYSE American:WYY) has announced it expects to exceed its full-year 2024 revenue guidance and meet or surpass adjusted EBITDA and Free cash flow targets. The company reported a federal contract backlog of approximately $300 million as of December 31, 2024, marking its 30th consecutive quarter of positive adjusted EBITDA.
Key 2024 achievements include $52.7 million in contract awards, successful deployment of MobileAnchor Digital Credential solution, and advancement to the final phase of FedRAMP authorization. The company secured notable contracts including the $2.7 billion Spiral 4 contract and a $254 million ceiling increase in its DHS CWMS 2.0 contract.
For 2025, WidePoint aims to achieve positive earnings per share, focusing on the U.S. Department of Homeland Security's CWMS 3.0 recompete and expanding its Device as a Service (DaaS) partnership program in the commercial sector.
WidePoint (NYSE American:WYY) announced that its subsidiary Soft-ex Communications has launched the M365 Analyzer solution for Microsoft clients. The new solution provides a dashboard for monitoring volumes and costs, offering ROI insights and license management capabilities.
The M365 Analyzer addresses key challenges in Microsoft 365 optimization, including management of unassigned, unused, and duplicated licenses. According to Gartner, companies could achieve an average 30% cost reduction through active M365 license management.
The solution offers enterprises cost savings through license optimization, enhanced visibility for M365 subscription management, improved compliance, and better risk management. For Microsoft Modern Workplace solution channels and distributors, the M365 Analyzer provides opportunities for incremental recurring revenue with increased margins and service differentiation.
WidePoint (NYSE American:WYY) has announced the complete integration of IT Authorities (ITA) as an operating subsidiary, strengthening its position as a full federal service integrator. The integration expands WidePoint's capabilities in secure IT services, particularly in Identity and Access Management solutions and Telecom Expense Management.
The expanded service portfolio now includes Managed IT Services, NOC-as-a-Service with 24/7 support, IT Outsourcing, and advanced IT security infrastructure solutions. ITA brings highest-level Cisco and Microsoft certifications, enhancing WidePoint's cloud solutions and disaster recovery capabilities. Jason Caras, ITA's CEO, will continue as senior vice president at WidePoint.
The integration aligns with WidePoint's strategy to strengthen its competitive position in securing new government contracts and emerging opportunities while delivering enhanced value to clients through comprehensive IT service delivery.
WidePoint (NYSE American:WYY) has secured a new contract in partnership with 22Vets Technologies to provide Non-Federal Issuer (NFI) for PIV-Interoperable credentials supporting a global energy service company's Smart City Internet of Things (IoT) program. The partnership combines WidePoint's Identity & Access Management technology with 22Vets's IoT expertise.
The contract serves as a pilot for what is planned to be a nationwide rollout focused on creating safer communities. 22Vets will integrate smart city initiatives through their CommunityFirst and StudentFirst Security programs, combining cyber, physical, and critical infrastructure security services with WidePoint's cybersecurity and PKI solutions.
