Welcome to our dedicated page for WidePoint Corporation news (Ticker: WYY), a resource for investors and traders seeking the latest updates and insights on WidePoint Corporation stock.
WidePoint Corporation (NYSE American: WYY) is a leading provider of advanced technology solutions specializing in wireless mobility management and cybersecurity. With a focus on identity access management (IAM), multi-factor authentication, and critical response management, WidePoint delivers cutting-edge information technology services to both government and commercial markets. The company operates through four distinct business units, each offering specialized services such as emergency response management, asymmetric authentication, telecom expense management, and forensic informatics systems engineering.
WidePoint's comprehensive suite of services includes Technology Management as a Service (TMaaS), Telecom Lifecycle Management, Digital Billing Communications, and Mobile and Identity Management. These solutions are designed to enhance the security and efficiency of the mobile workforce across various sectors. The company generates the majority of its revenue from the United States, with a growing presence in Europe.
Recent achievements highlight WidePoint's strong market position. In early 2024, the company announced a new three-year contract worth over $1.4 million with a major Florida attraction and research center, showcasing its expertise in managed IT services and cybersecurity. This followed a successful 2023, where WidePoint reported revenue of $103-$108 million and a substantial federal contract backlog totaling $359 million.
WidePoint's strategic priorities for 2024 include maintaining double-digit revenue growth, enhancing its ITMS platform, and leveraging its strong sales pipeline for continued contract renewals and new business opportunities. The company also focuses on expanding its footprint in sectors such as K-12 education and healthcare, further solidifying its role as a trusted partner for secure and efficient technology solutions.
For more information, visit widepoint.com.
WidePoint (NYSE American:WYY) reported Q3 2024 results with revenues of $34.6 million, up 35% year-over-year. The company secured $15.2 million in contract awards and renewals, including $1.4 million in IT as a Service contracts. Despite showing a net loss of ($425,200), this represents an improvement from ($921,100) in the same period last year. Notable achievements include the successful deployment of their proprietary MobileAnchor Digital Credential solution to two Federal Agencies and marking their 29th consecutive quarter of positive Adjusted EBITDA. The company maintains strong financials with $5.6 million in cash and no bank debt, trending towards the higher end of their annual guidance.
WidePoint (NYSE American:WYY), an enterprise cyber security and mobile technology provider, has scheduled its third quarter 2024 earnings conference call for Wednesday, November 13, 2024, at 4:30 p.m. ET. The company will release its financial results for the quarter ended September 30, 2024, before the call. Management will host the conference call followed by a Q&A session. The call will be broadcast live and available for replay through November 27, 2024.
WidePoint (NYSE American: WYY) announced that its subsidiary IT Authorities has secured contracts worth over $1.7 million for Cisco and Managed IT Services. The contracts include $1.4 million in previously disclosed Q3 2024 awards and a new $300,000 Cisco Enterprise Agreement for Q4 2024. Despite hurricane-related business slowdowns in Florida, ITA secured contracts with diverse clients including beverage distributors, a sports marketing firm, an education center, a research center, and a data management firm.
WidePoint (NYSE American:WYY) secured contracts worth $15.2 million in Q3 2024, including $3.2 million in commercial contracts and $12 million in government contracts. The company reported over 39 contractual actions, including new orders for MobileAnchor™ Derived Digital Credentials from federal agencies, multi-year managed technology services contracts, and multiple commercial MMS contracts in transportation, insurance, and healthcare sectors. A major mobility management program for a new federal civilian agency client was successfully launched.
WidePoint (NYSE American:WYY), an enterprise cyber security and mobile technology provider, is set to participate in the 17th Annual LD Micro Main Event. The event will take place from October 28-30, 2024 at the Luxe Sunset Boulevard Hotel in Los Angeles, California.
WidePoint's presentation is scheduled for Wednesday, October 30th at 8:00 a.m. Pacific time. The company will also be available for one-on-one meetings throughout the conference. Investors can view the presentation online and schedule meetings by emailing WYY@gateway-grp.com.
The LD Micro Main Event will feature presentations from approximately 150 companies across various industries, showcasing innovative micro-cap companies.
WidePoint (NYSE American:WYY) has been awarded a new one-year agreement to provide MobileAnchor™ Derived Digital Credentials for a Federal Civilian Agency. This contract highlights WidePoint's ability to offer high-security identity and access management services for mobile digital credentials in the federal market space.
The MobileAnchor™ solution offers several unique benefits, including:
- Enhanced security through direct integration and reduced attack surface
- User convenience with seamless access and integrated multi-factor authentication
- Simplified deployment with less overhead
- Flexibility and compatibility with native support for modern operating systems and applications
This new client acquisition demonstrates the growing recognition of MobileAnchor™ as a valuable solution for secure mobile access to resources, even when traditional PIV cards are impractical.
WidePoint (NYSE American:WYY), a leading enterprise cyber security and mobile technology provider, has announced its participation in the H.C. Wainwright 26th Annual Global Investment Conference. The event is scheduled for September 9-11, 2024, at the Lotte New York Palace Hotel in New York City.
Key points:
- WidePoint management will present on Wednesday, September 11, 2024, at 1:30 PM Eastern time
- The company will hold in-person one-on-one meetings throughout the conference
- Interested parties can schedule meetings by emailing WYY@gateway-grp.com
This presentation offers an opportunity for investors to gain insights into WidePoint's innovative solutions and growth strategies in the rapidly evolving cyber security and mobile technology sectors.
WidePoint (NYSE American:WYY) reported its Q2 and H1 2024 financial results, showing significant growth. Q2 revenues increased 35% year-over-year to $36 million, while Adjusted EBITDA improved 479% to $811,000. The company's net loss decreased to $500,000 or $(0.05) per diluted share. For H1 2024, revenues grew 35% to $70.2 million, with Adjusted EBITDA up 764% to $1.4 million.
Operational highlights include a $254 million contract modification from the U.S. Department of Homeland Security and selection for the U.S. Navy's 10-year, $2.7 billion Spiral 4 contract. WidePoint also deployed its new proprietary MobileAnchor Digital Credential into a Federal Agency. The company maintained positive free cash flow and ended Q2 with $4.0 million in cash and no bank debt.
WidePoint (NYSE American: WYY), a leading enterprise cyber security and mobile technology provider, is set to present at the 2024 Annual Gateway Conference in San Francisco. The presentation is scheduled for September 4 at 9:00 a.m. Pacific Time at the Four Seasons Hotel. Investors can access the live webcast and replay of the presentation online.
In addition to the main presentation, WidePoint's management team will be available for one-on-one meetings throughout the two-day conference, which runs from September 4-5. This event provides an excellent opportunity for investors to gain insights into WidePoint's innovative solutions and future strategies in the rapidly evolving cyber security and mobile technology sectors.
WidePoint (NYSE American: WYY), an enterprise cyber security and mobile technology provider, has scheduled its Second Quarter 2024 Conference Call for Wednesday, August 14, 2024, at 4:30 p.m. ET. The company will release its financial results for the quarter ended June 30, 2024, prior to the call. Management will host the conference call, which will include a question and answer session.
Investors can join the call using the U.S. dial-in number 888-506-0062 or the international number 973-528-0011, with Access Code 403107. The call will be broadcast live and available for replay via the company's website. A replay will be accessible until August 28, 2024, using toll-free number 877-481-4010 or international number 919-882-2331, with Replay ID 50911.
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