WidePoint Corp
About: WidePoint Corp is a provider of Technology Management as a Service (TMaaS) that consists of federally certified communications management, identity management, interactive bill presentment and analytics, and Information Technology as a Service solution. Its solutions include Telecom Lifecycle Management, Digital billing communications solutions, and Mobile and Identity management. Geographically the company generates a majority of its revenue from the United States and rest from Europe.
Employees: 216
0
Funds holding %
of 6,809 funds
–
Analysts bullish %
Fund manager confidence
Based on 2024 Q3 regulatory filings by fund managers ($100M+ AUM)
1,900% more call options, than puts
Call options by funds: $20K | Put options by funds: $1K
100% more repeat investments, than reductions
Existing positions increased: 10 | Existing positions reduced: 5
0.08% more ownership
Funds ownership: 11.14% [Q2] → 11.23% (+0.08%) [Q3]
4% less funds holding
Funds holding: 27 [Q2] → 26 (-1) [Q3]
12% less capital invested
Capital invested by funds: $4.35M [Q2] → $3.83M (-$511K) [Q3]
20% less first-time investments, than exits
New positions opened: 4 | Existing positions closed: 5
Research analyst outlook
1 Wall Street Analyst provided 1 year price targets over the past 3 months
Low target
$7
51%
upside
Avg. target
$7
51%
upside
High target
$7
51%
upside
1 analyst rating
1 positive
100%
0 neutral
0%
0 negative
0%
HC Wainwright & Co. Scott Buck 53% 1-year accuracy 52 / 98 met price target | 51%upside $7 | Buy Reiterated | 14 Nov 2024 |
Financial journalist opinion
Neutral
Accesswire
1 week ago
WidePoint Partners with 22Vets Technologies for Smart City Internet of Things Program
WidePoint's Identity & Access Management Solution Selected to Deliver Cyber, Physical, Managed and Integration Security Services FAIRFAX, VA / ACCESSWIRE / December 9, 2024 / WidePoint Corporation (NYSE American:WYY) , the innovative enterprise cyber security and mobile technology provider, announced a new contract award in partnership with 22Vets Technologies ("22Vets"). WidePoint will deliver Non-Federal Issuer ("NFI") for PIV-Interoperable credentials in support of a global energy service company's new Smart City Internet of Things ("IoT") program.
Neutral
Seeking Alpha
1 month ago
WidePoint Corporation (WYY) Q3 2024 Earnings Call Transcript
WidePoint Corporation (NYSE:WYY ) Q3 2024 Earnings Conference Call November 13, 2024 4:30 PM ET Company Participants Jin Kang - President and CEO Jason Holloway - Chief Revenue Officer Robert George - CFO Conference Call Participants Barry Sine - Litchfield Hills Research Scott Buck - H.C. Wainwright Operator Good afternoon and welcome to WidePoint's Third Quarter 2024 Earnings Conference Call.
Negative
Zacks Investment Research
1 month ago
WidePoint (WYY) Reports Q3 Loss, Tops Revenue Estimates
WidePoint (WYY) came out with a quarterly loss of $0.04 per share versus the Zacks Consensus Estimate of a loss of $0.07. This compares to loss of $0.10 per share a year ago.
Neutral
Accesswire
1 month ago
WidePoint Reports Third Quarter 2024 Financial Results
Company remains on track to hit higher end of annual guidance range FAIRFAX, VA / ACCESSWIRE / November 13, 2024 / WidePoint Corporation (NYSE American:WYY) , the innovative enterprise cyber security and mobile technology provider, reported results for the third quarter and nine-months ended September 30, 2024. Third Quarter 2024 and Recent Operational Highlights: Won $15.2 million in contract awards and renewals during the third quarter of 2024, of which $1.4 million were IT as a Service contracts Awarded two MobileAnchor Digital Credential contracts for the quarter from federal defense and civilian agencies Certified and successfully deployed new proprietary MobileAnchor Digital Credential solution into two Federal Agencies 29 th consecutive quarter of positive Adjusted EBITDA 1 Fourth consecutive quarter ending free cash flow positive Third Quarter 2024 Financial Highlights: Revenues were $34.6 million, a 35% increase from the same quarter last year Adjusted EBITDA 1 , a non-GAAP financial measure, was $574,000, a 149% improvement from the same quarter last year Gross margin was 14%, and gross margin excluding carrier services revenue increased to 38% from 35% in the same period last year Net loss improved to ($425,200) compared to ($921,100) from the same period last year, or a loss of ($0.04) per diluted share Free cash flow 1 , a non-GAAP financial measure, was $511,000, or an improvement of 120% compared to the same period last year As of September 30, 2024, cash was $5.6 million with no bank debt Nine Months 2024 Financial Highlights: Revenues were $104.9 million, a 35% increase from the same quarter last year Adjusted EBITDA, a non-GAAP financial measure, was $1.9 million, a 424% increase from the same quarter last year Gross margin was 14%, and gross margin excluding carrier services revenue was 33% Net loss improved to ($1.6) million or a loss of ($0.17) per diluted share from ($2.7) million in the same period last year Free cash flow, a non-GAAP financial measure, was $1.9 million compared to ($590,000) from the same period last year 1 Free cashflow and Adjusted EBITDA are non-GAAP financial measures.
Negative
Zacks Investment Research
1 month ago
WidePoint (WYY) May Report Negative Earnings: Know the Trend Ahead of Next Week's Release
WidePoint (WYY) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.
Neutral
Accesswire
1 month ago
WidePoint Sets Third Quarter 2024 Conference Call for Wednesday, November 13, 2024 at 4:30 p.m. ET
FAIRFAX, VA / ACCESSWIRE / October 31, 2024 / WidePoint Corporation (NYSE American:WYY) , the innovative enterprise cyber security and mobile technology provider, will hold a conference call on Wednesday, November 13, 2024, at 4:30 p.m. Eastern time to discuss its financial results for the third quarter ended September 30, 2024.
Neutral
Accesswire
1 month ago
WidePoint's Subsidiary IT Authorities Awarded More than $1.7 Million in Cisco and Managed IT Services Contracts
FAIRFAX, VA / ACCESSWIRE / October 30, 2024 / WidePoint Corporation (NYSE American:WYY) , the innovative enterprise cyber security and mobile technology provider, announced that its subsidiary IT Authorities ("ITA") has been awarded more than $1.7 million in Cisco and Managed IT Services contracts. Jin Kang, WidePoint's Chief Executive Officer, stated: "These contracts, including $1.4 million in previously disclosed awards dated Q3 2024, illustrate the value and resilience of ITA.
Neutral
Accesswire
1 month ago
WidePoint Awarded More than $15.2 Million in New and Renewal Contracts in Q3 2024
FAIRFAX, VA / ACCESSWIRE / October 23, 2024 / WidePoint Corporation (NYSE American:WYY) , the innovative enterprise cyber security and mobile technology provider, announced it was awarded approximately $15.2 million in contract awards and renewals during the third quarter of 2024. Jin Kang, WidePoint's Chief Executive Officer, stated: "Q3 2024 confirms that each of WidePoint's solution lines is gaining market momentum.
Neutral
Accesswire
2 months ago
WidePoint to Present at the 17th Annual LD Micro Main Event on Wednesday, October 30th at 8:00 a.m. PT
FAIRFAX, VA / ACCESSWIRE / October 14, 2024 / WidePoint Corporation (NYSE American: WYY ), the innovative enterprise cyber security and mobile technology provider, will be attending the 17th annual LD Micro Main Event on October 28-30, 2024 at the Luxe Sunset Boulevard Hotel in Los Angeles, California. WidePoint is scheduled to present on Wednesday, October 30th at 8:00 a.m.
Neutral
Accesswire
2 months ago
WidePoint Awarded New Federal Contract for MobileAnchor Derived Digital Identity & Access Management Credentials
FAIRFAX, VA / ACCESSWIRE / September 30, 2024 / WidePoint Corporation (NYSE American:WYY), the innovative enterprise cyber security and mobile technology provider, announced it has been awarded a new one-year agreement for MobileAnchor™ Derived Digital Credentials for a Federal Civilian Agency. WidePoint will provide identity and access management services and support through its recently developed proprietary MobileAnchor™ Derived Digital Credential.
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