WidePoint Corporation - WYY STOCK NEWS

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.

WidePoint Corporation (NYSE American:WYY) announced that it was awarded approximately $46 million in IT and security contracts during Q2 2023. This includes $3 million in commercial contracts and $43 million in government contracts. The company saw more than 80 contractual actions across its business units, including new awards, renewals, contract extensions, and exercised option periods. WidePoint received multimillion-dollar awards from federal agencies under the U.S. Department of Homeland Security Cellular Wireless Managed Services (CWMS) 2.0 IDIQ contract, including the ATF, CISA, the Coast Guard, and TSA. The company also secured numerous renewals and orders for its Identity & Access Management offerings, as well as contract renewals for Soft-ex's Analytics & Billing as a Service solution.

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.