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Widepoint - WYY STOCK NEWS

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.

Overview of WidePoint Corporation

WidePoint Corporation (NYSE American: WYY) is a technology Managed Solution Provider (MSP) recognized for its expertise in cybersecurity, identity management, and managed mobility services. The company delivers a comprehensive suite of technology management solutions that span Identity and Access Management (IAM), Mobility Managed Services (MMS), Telecom Management, Information Technology as a Service (ITaaS), Cloud Security, and Analytics & Billing as a Service (ABaaS). Serving both government and commercial markets, WidePoint provides innovative solutions that address the evolving challenges of secure digital credentialing, seamless mobile integration, and cost optimization across telecom and IT infrastructures.

Core Business Areas and Service Offerings

WidePoint Corporation's operations are organized around multiple business groups, each catering to distinct segments of the technology services market. The company specializes in:

  • Identity and Access Management (IAM): Offering secure authentication, multi-factor authentication, and digital credentialing solutions that cater to both federal agencies and commercial entities. Its pioneering solution, MobileAnchor, is designed to integrate directly with mobile devices for enhanced security.
  • Mobility Managed Services (MMS): Providing expert management of wireless mobility, including telecom expense and lifecycle management. This capability streamlines operations for organizations with scattered mobile workforces.
  • Telecom Management: Delivering cost-effective sourcing and management of telecommunication services. This segment emphasizes competitive sourcing, analytics-driven insights, and robust contract management.
  • IT as a Service (ITaaS): Supplying a diverse portfolio that includes interactive digital billing, asset management via proprietary platforms, and end-to-end IT service delivery, all tailored to enhance operational efficiency and security.
  • Cloud Security & Analytics: Integrating advanced cybersecurity measures within cloud environments to protect critical infrastructure and sensitive data.

Technological Innovations and Strategic Developments

WidePoint stands out through its commitment to technical innovations. The company has developed, tested, and deployed niche products that address contemporary cybersecurity challenges, including derived digital credentials that store security tokens directly on mobile devices. This approach minimizes vulnerabilities and enhances user convenience by streamlining multi-factor authentication processes without the overhead of additional management systems.

Market Position and Competitive Landscape

Within its industry, WidePoint occupies a unique position as a versatile service provider that bridges the gap between traditional IT management and next-generation digital credentialing. Its robust portfolio, combined with strategic wins across major federal contracts and commercial partnerships, showcases its ability to offer comprehensive and scalable solutions. The company navigates a competitive landscape by continuously enhancing its service offerings and leveraging its technical expertise, ensuring that its solutions remain relevant as organizations shift towards more integrated and secure technology ecosystems.

Operational Excellence and Contractual Achievements

WidePoint’s track record of consistent contract wins with federal agencies—demonstrated through engagements such as Spiral 4 and CWMS—as well as strategic commercial contracts, reflects its operational excellence. Its management approach emphasizes rigorous program management, technological agility, and a strong alignment with client needs spanning emergency response, forensic informatics, and telecommunications optimization. This strategic focus solidifies its position as a trusted partner for entities seeking to secure and optimize their IT and mobile ecosystems.

Business Model and Revenue Streams

The company generates revenue through an array of models, including managed services contracts, recurring software-as-a-service (SaaS) revenue, and consulting engagements. By capitalizing on innovative digital credentialing and telecom management solutions, WidePoint diversifies its revenue streams across both long-term federal contracts and agile commercial solutions. This multi-faceted business model enhances operational resilience and underlines the company's ability to adapt to shifting market demands.

Industry Impact and Strategic Value Proposition

WidePoint Corporation provides a holistic approach to managing a secure, mobile, and connected enterprise landscape. Its comprehensive suite of services not only addresses immediate operational challenges but also reinforces the long-term sustainability of client technology strategies. By integrating cybersecurity with IT lifecycle management, the company delivers measurable value through cost savings, enhanced data protection, and streamlined communications management. This powerful value proposition is tailored to meet the growing demands of modern digital environments, where secure identity verification and seamless mobile management are paramount.

Commitment to Technological Excellence and Client Partnerships

The company maintains a steadfast commitment to technological excellence, evident in its investment in research, client-specific customization, and continuous process enhancements. WidePoint’s approach to securing federal and commercial networks is built on a combination of advanced cybersecurity protocols and efficient management of telecom networks. This dual focus allows its clients to benefit from both innovation and operational continuity, thereby solidifying its reputation as a dependable and versatile technology partner.

Conclusion

In summary, WidePoint Corporation is a comprehensive Managed Solution Provider that excels in delivering innovative identity management, telecom, and IT services. Its extensive range of solutions, strategic contract wins, and dedication to technological innovation position it as a pivotal player in the cybersecurity and technology management landscape. With a focus on operational excellence, cost efficiencies, and secure mobility, WidePoint continues to set benchmarks within an increasingly competitive industry.

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WidePoint Corporation (NYSE American:WYY) announced that its subsidiary IT Authorities (ITA) has been awarded a new three-year contract initially valued at $216,000 from a mobile healthcare provider. The company is expanding its nationwide reach to address the growing homebound patient population, reflecting their dedication to safeguarding patient privacy. This strategic partnership is a testament to WidePoint's ongoing commitment to excellence in the healthcare industry.
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WidePoint Corporation (NYSE American:WYY) subsidiary IT Authorities secures $900,000 contract for Cisco equipment. CEO Jason Caras highlights the company's collaboration with Cisco and excellence in the Consumer Packaged Goods industry. WidePoint CEO Jin Kang emphasizes IT Authorities' ability to deliver high-quality and best-value products and services, contributing to cross-selling and upselling of WidePoint ITaaS solutions.
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WidePoint Corporation (NYSE American: WYY) reported positive financial results for Q3 2023, including a 2% increase in revenues, new contract awards totaling $24.4 million, and positive Adjusted EBITDA for the 25th consecutive quarter. The company also highlighted its sales and marketing initiatives, anticipating revenue growth and free cash flow surpassing 2022 figures by $3.5 million.
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WidePoint Corporation (NYSE American:WYY) will hold a conference call on November 14, 2023, at 4:30 p.m. ET to discuss its financial results for the third quarter ended September 30, 2023. The call will be followed by a question and answer period. Dial-in numbers and access codes are provided.
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WidePoint Corporation to attend LD Micro Main Event on October 3-5, 2023
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WidePoint Corporation to present at H.C. Wainwright conference
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WidePoint awarded $1.7M 3-year contract by U.S. Department of Transportation agency for identity and access management services.
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WidePoint Corporation (NYSE American:WYY) reported strong Q2 2023 financial and operational highlights, including $26.8 million in revenue, a 16% increase from the same period last year. The company secured significant contracts, such as a $2.7 million IT managed services contract and a $3.2 million wireless mobility services contract. Despite a net loss of $842,000, WidePoint's management expressed optimism, citing a positive 24th consecutive quarter of positive Adjusted EBITDA and a promising outlook for growth.
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WidePoint Corporation's subsidiary, IT Authorities, has been awarded a three-year IT managed services contract worth $2.7 million by a national Sports Marketing, Media & Technology company. The contract is an expansion from a successful pilot program and IT Authorities will provide IT-as-a-Service Network & Infrastructure Monitoring and management, along with 24x7x365 help desk support.
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FAQ

What is the current stock price of Widepoint (WYY)?

The current stock price of Widepoint (WYY) is $3.23 as of April 1, 2025.

What is the market cap of Widepoint (WYY)?

The market cap of Widepoint (WYY) is approximately 32.1M.

What core services does WidePoint Corporation provide?

WidePoint offers a comprehensive suite of managed services including Identity and Access Management, Mobility Managed Services, Telecom Management, IT as a Service, and Cloud Security. These solutions are designed to secure and optimize client IT infrastructures.

How does WidePoint differentiate itself in the cybersecurity market?

WidePoint differentiates itself by integrating innovative digital credentialing, such as its MobileAnchor solution, with robust telecom and IT management services. This enables secure, efficient, and scalable operations for both government agencies and commercial enterprises.

Who are the primary customers of WidePoint Corporation?

WidePoint serves a diversified client base including federal agencies, commercial enterprises in highly regulated sectors, and organizations requiring advanced IT and mobility management. Its solutions cater to both public and private sectors.

What is the significance of WidePoint's MobileAnchor solution?

MobileAnchor is a proprietary digital credential solution that stores security tokens directly on mobile devices. It enhances security by leveraging device-specific features and simplifies the multi-factor authentication process, addressing modern cybersecurity challenges.

How does WidePoint generate revenue?

Revenue is generated through managed services contracts, recurring SaaS revenue, consulting services, and government contract awards. The company’s diversified revenue model supports both long-term engagements and flexible commercial solutions.

What strategic advantages does WidePoint have in federal contracting?

WidePoint’s established track record with federal agencies, demonstrated through significant contracts such as Spiral 4 and CWMS, underpins its competitive edge. Its technical innovations and strong program management ensure alignment with stringent federal requirements.

How does WidePoint ensure its solutions remain secure and up-to-date?

WidePoint continuously invests in research and development and leverages advanced cybersecurity protocols to enhance its service offerings. Its regular updates and tailored solutions help meet evolving security threats in both federal and commercial contexts.
Widepoint

NYSE:WYY

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WYY Stock Data

32.05M
7.82M
20.43%
13.76%
0.39%
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