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Complete financial analysis of WidePoint Corporation (WYY) income statement, including revenue, profit margins, EPS and key performance metrics. Get detailed insights into the financial performance of WidePoint Corporation, a leading company in the Information Technology Services industry within the Technology sector.
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WidePoint Corporation (WYY)
About WidePoint Corporation
WidePoint Corporation provides technology management as a service (TMaaS) to the government and business enterprises in North America and Europe. It offers TMaaS solutions through a federal government certified proprietary portal to manage, analyze, and protect communications assets, as well as deploy identity management solutions that provide secured virtual and physical access to restricted environments. The company provides telecom lifecycle management, mobile and identity management, and digital billing and analytics solutions. It also offers information technology as a service, including cybersecurity, cloud, network operation, and professional services. WidePoint Corporation was founded in 1991 and is headquartered in Fairfax, Virginia.
| Metric | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | 2011 | 2010 | 2009 | 2008 | 2007 | 2006 | 2005 | 2004 | 2003 | 2002 | 2001 | 2000 | 1999 | 1998 | 1997 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | 106.03M | 94.10M | 87.34M | 180.34M | 101.72M | 83.68M | 75.88M | 78.42M | 70.84M | 53.32M | 46.83M | 55.78M | 41.37M | 50.81M | 43.34M | 35.46M | 14.13M | 17.95M | 13.26M | 5.54M | 3.29M | 3.50M | 5.90M | 12.94M | 27.20M | 9.90M | 1.43M |
| Cost of Revenue | 90.38M | 79.53M | 70.97M | 159.89M | 84.34M | 68.41M | 62.19M | 64.41M | 57.61M | 39.80M | 34.71M | 41.92M | 32.13M | 37.55M | 33.85M | 28.88M | 10.57M | 14.26M | 11.87M | 4.07M | 2.46M | 2.49M | 3.12M | 7.01M | 12.10M | 3.50M | 667.10K |
| Gross Profit | 15.65M | 14.58M | 16.37M | 20.46M | 17.38M | 15.27M | 13.69M | 14.01M | 13.23M | 13.51M | 12.11M | 13.86M | 9.24M | 13.26M | 9.50M | 6.58M | 3.56M | 3.70M | 1.39M | 1.48M | 833.23K | 1.01M | 2.78M | 5.92M | 15.10M | 6.40M | 758.26K |
| Gross Profit Ratio | 14.76% | 15.49% | 18.74% | 11.34% | 17.08% | 18.25% | 18.04% | 17.87% | 18.68% | 25.35% | 25.87% | 24.85% | 22.34% | 26.11% | 21.91% | 18.56% | 25.22% | 20.59% | 10.52% | 26.62% | 25.30% | 28.76% | 47.11% | 45.79% | 55.51% | 64.65% | 53.20% |
| Research & Development | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 219.14K | 699.01K | 673.09K | 480.12K | 73.56K | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 300.00K | 500.00K | 0.00 |
| General & Administrative | 15.88M | 14.72M | 12.72M | 14.27M | 13.84M | 13.30M | 14.39M | 14.45M | 14.61M | 14.36M | 9.87M | 9.82M | 7.44M | 8.45M | 6.46M | 6.25M | 3.17M | 3.33B | 2.91B | 1.20B | 693.22M | 0.00 | 2.55M | 0.00 | 0.00 | 0.00 | 0.00 |
| Selling & Marketing | 2.19M | 2.13M | 2.01M | 1.87M | 1.66M | 1.74M | 2.20M | 2.67M | 3.03M | 3.43M | 3.13M | 2.74M | 1.48M | 1.81M | 1.15M | 901.01K | 917.95K | 851.07M | 701.16M | 596.56M | 430.07M | 0.00 | 614.79K | 0.00 | 0.00 | 0.00 | 0.00 |
| SG&A | 18.07M | 16.85M | 14.73M | 16.14M | 15.50M | 15.04M | 16.60M | 17.12M | 17.64M | 17.79M | 13.00M | 12.56M | 8.93M | 10.26M | 7.60M | 7.15M | 4.09M | 4.18M | 3.61M | 1.79M | 1.12M | 1.17M | 3.16M | 10.39M | 12.30M | 5.20M | 5.26M |
| Other Expenses | 1.27M | 1.08M | 1.03M | 1.09M | 988.15K | -2.00 | 3.81K | 13.54K | 33.01K | 12.89K | 11.27K | 3.20K | 211.13K | 201.24K | 179.41K | 160.57K | 83.46K | 35.13K | 25.22K | 70.90K | 12.78K | 51.79K | 6.44M | 851.56K | 1.80M | 1.30M | 1.01M |
| Operating Expenses | 19.35M | 17.93M | 15.76M | 17.23M | 16.49M | 15.46M | 17.15M | 18.17M | 18.69M | 18.16M | 13.29M | 12.84M | 9.14M | 10.46M | 7.78M | 7.31M | 4.17M | 4.21M | 3.63M | 1.86M | 1.14M | 1.22M | 9.61M | 11.24M | 14.40M | 7.00M | 6.27M |
| Cost & Expenses | 109.73M | 97.46M | 86.73M | 177.12M | 100.83M | 83.87M | 79.35M | 82.58M | 76.30M | 57.97M | 48.00M | 54.76M | 41.27M | 48.01M | 41.63M | 36.19M | 14.74M | 18.47M | 15.50M | 5.93M | 3.60M | 3.71M | 12.73M | 18.26M | 26.50M | 10.50M | 6.94M |
| Interest Income | 90.68K | 41.83K | 4.16K | 3.94K | 5.36K | 6.80K | 15.35K | 14.59K | 23.03K | 17.00K | 7.36K | 4.88K | 12.57K | 18.44K | 27.69K | 134.53K | 104.25K | 92.67K | 6.96K | 5.84K | 11.55K | 17.66K | 44.66K | 103.35K | 0.00 | 0.00 | 0.00 |
| Interest Expense | 239.53K | 259.64K | 273.23K | 302.92K | 310.58K | 79.54K | 52.16K | 72.23K | 142.50K | 186.80K | 175.36K | 294.24K | 69.32K | 90.05K | 176.42K | 336.64K | 13.54K | 9.71K | 164.69K | 38.14K | 1.30K | 1.56K | 5.23K | 198.97K | 0.00 | 0.00 | 0.00 |
| Depreciation & Amortization | 3.37M | 2.53M | 1.66M | 1.63M | 1.91M | 1.31M | 1.49M | 1.56M | 383.27K | 1.84M | 1.75M | 1.79M | 860.96K | 1.01M | 1.13M | 1.01M | 529.85K | 463.52K | 361.04K | 80.60K | 12.78K | 51.79K | 545.29K | 851.56K | 1.80M | 1.30M | 1.01M |
| EBITDA | -302.84K | -15.72M | 2.91M | 4.85M | 2.80M | 1.12M | -1.95M | -2.57M | -3.84M | -2.78M | 594.67K | 2.82M | 978.09K | 3.83M | 2.87M | 409.98K | 26.21K | 38.60K | -7.29M | -4.18M | -290.06K | -163.92K | -6.28M | -5.65M | 707.88K | 700.00K | -4.50M |
| EBITDA Ratio | -0.29% | 0.60% | 2.61% | 2.39% | 1.89% | 0.28% | -4.09% | -4.82% | -7.09% | -5.22% | 1.27% | 5.05% | 2.37% | 7.54% | 6.63% | 1.17% | -0.55% | -0.30% | 26.58% | -1.90% | -8.85% | -8.70% | -6.50% | -26.22% | 15.44% | 4.04% | 208.20% |
| Operating Income | -3.70M | -1.97M | 1.25M | 3.22M | 885.26K | -190.41K | -3.46M | -4.16M | -5.46M | -4.65M | -1.18M | 1.02M | 105.17K | 2.80M | 1.72M | -727.53K | -607.89K | -517.59K | -2.24M | -388.59K | -302.84K | -215.71K | -6.83M | -5.32M | 700.00K | -600.00K | -5.51K |
| Operating Income Ratio | -3.49% | -2.09% | 1.44% | 1.79% | 0.87% | -0.23% | -4.56% | -5.31% | -7.71% | -8.72% | -2.51% | 1.83% | 0.25% | 5.52% | 3.96% | -2.05% | -4.30% | -2.88% | -16.88% | -7.01% | -9.19% | -6.17% | -115.65% | -41.12% | 2.57% | -6.06% | -0.39% |
| Total Other Income/Expenses | -211.44K | 1.13M | 373.93K | -298.52K | -266.35K | -72.75K | -33.00K | -44.10K | -86.46K | -156.90K | -156.73K | -286.16K | -57.35K | -71.61K | -148.78K | -206.03K | 90.71K | 82.96K | -5.56M | -3.10M | 11.75K | 156.10K | 39.42K | -1.08M | -1.70M | 300.00K | -14.20M |
| Income Before Tax | -3.91M | -18.51M | 981.54K | 2.92M | 618.91K | -263.15K | -3.50M | -4.21M | -5.55M | -4.81M | -1.33M | 732.61K | 47.82K | 2.73M | 1.57M | -933.56K | -517.18K | -434.64K | -7.80M | -623.78K | -291.09K | -59.61K | -6.79M | -6.40M | -1.00M | -300.00K | -14.21M |
| Income Before Tax Ratio | -3.69% | -19.67% | 1.12% | 1.62% | 0.61% | -0.31% | -4.61% | -5.37% | -7.83% | -9.02% | -2.84% | 1.31% | 0.12% | 5.38% | 3.62% | -2.63% | -3.66% | -2.42% | -58.81% | -11.26% | -8.84% | -1.71% | -114.98% | -49.43% | -3.68% | -3.03% | -996.71% |
| Income Tax Expense | 133.24K | 5.08M | 640.45K | -7.40M | 392.65K | 1.19M | 37.97K | -73.45K | -81.81K | 3.59M | 362.76K | -99.69K | -199.05K | -3.65M | 156.89K | 156.89K | 0.00 | -83.00 | -355.42K | -816.00 | -11.75K | -156.10K | -39.42K | 1.27M | 1.80M | -300.00K | 8.70M |
| Net Income | -4.05M | -23.59M | 341.10K | 10.32M | 226.26K | -1.46M | -3.53M | -4.13M | -5.47M | -8.40M | -1.69M | 832.30K | 246.87K | 6.38M | 1.41M | -1.09M | -517.18K | -434.56K | -7.44M | -622.96K | -291.09K | -59.61K | -6.79M | -6.59M | -1.10M | -300.00K | -14.21M |
| Net Income Ratio | -3.82% | -25.06% | 0.39% | 5.72% | 0.22% | -1.74% | -4.66% | -5.27% | -7.72% | -15.76% | -3.62% | 1.49% | 0.60% | 12.56% | 3.25% | -3.08% | -3.66% | -2.42% | -56.13% | -11.24% | -8.84% | -1.71% | -114.98% | -50.97% | -4.04% | -3.03% | -996.71% |
| EPS | -0.46 | -2.70 | 0.04 | 1.22 | 0.03 | -0.17 | -0.43 | -0.50 | -0.66 | -1.15 | -0.27 | 0.13 | 0.04 | 1.04 | 0.20 | -0.19 | -0.10 | -0.10 | -2.97 | -0.37 | -0.19 | -0.04 | -5.23 | -5.08 | -0.85 | -0.28 | -25.82 |
| EPS Diluted | -0.46 | -2.70 | 0.04 | 1.20 | 0.03 | -0.17 | -0.43 | -0.50 | -0.66 | -1.15 | -0.27 | 0.13 | 0.04 | 1.02 | 0.20 | -0.19 | -0.10 | -0.10 | -1.41 | -0.37 | -0.19 | -0.04 | -5.23 | -5.08 | -0.85 | -0.28 | -25.82 |
| Weighted Avg Shares Out | 8.83M | 8.73M | 9.07M | 8.46M | 8.40M | 8.33M | 8.29M | 8.27M | 8.22M | 7.30M | 6.28M | 6.35M | 6.29M | 6.16M | 5.94M | 5.67M | 5.24M | 4.54M | 2.51M | 1.67M | 1.56M | 1.42M | 1.30M | 1.30M | 1.29M | 1.06M | 550.27K |
| Weighted Avg Shares Out (Dil) | 8.83M | 8.73M | 9.16M | 8.60M | 8.40M | 8.33M | 8.29M | 8.27M | 8.22M | 7.30M | 6.38M | 6.38M | 6.41M | 6.29M | 6.06M | 5.67M | 5.24M | 4.54M | 5.27M | 1.67M | 1.56M | 1.42M | 1.30M | 1.30M | 1.29M | 1.06M | 550.27K |
WidePoint Corporation (WYY) Q2 2024 Earnings Call Transcript
WidePoint Corporation (NYSE:WYY ) Q2 2024 Earnings Conference Call August 14, 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...
WidePoint WYY Reports Second Quarter and Year to Date 2024 Financial Results
FAIRFAX, VA / ACCESSWIRE / August 14, 2024 / WidePoint Corporation (NYSE American: WYY ), the innovative enterprise cyber security and mobile technology provider, reported results for the second quarter and six-months ended June 30, 2024. Second Quarter 2024 and...
WidePoint to Present at the 2024 Gateway Conference on September 4 at 9:00 a.m. Pacific Time
FAIRFAX, Va., Aug. 06, 2024 (GLOBE NEWSWIRE) -- WidePoint Corporation (NYSE American: WYY), the innovative enterprise cyber security and mobile technology provider, is confirmed to present at the 2024 Annual Gateway Conference, which is being held September 4-5, at the...
WidePoint Sets Second Quarter 2024 Conference Call for Wednesday, August 14, 2024 at 4:30 p.m. ET
FAIRFAX, VA / ACCESSWIRE / July 31, 2024 / WidePoint Corporation (NYSE American:WYY) , the innovative enterprise cyber security and mobile technology provider, will hold a conference call on Wednesday, August 14, 2024 at 4:30 p.m. Eastern time to discuss...
WidePoint Certifies New Proprietary MobileAnchor Digital Credential for Mobile Devices
FAIRFAX, VA / ACCESSWIRE / July 30, 2024 / WidePoint Corporation (NYSE American:WYY) , the innovative enterprise cyber security and mobile technology provider, announced it has successfully deployed a new product offering into a Federal Agency, a proprietary derived digital...
WidePoint Awarded $2.84 Million in New and Renewal Contracts
FAIRFAX, VA / ACCESSWIRE / July 9, 2024 / WidePoint Corporation ( NYSE American:WYY ), the innovative enterprise cyber security and mobile technology provider, announced that it was awarded approximately $2.84 million in new contracts and renewals. Jin Kang, WidePoint's...
WidePoint Awarded $254 Million Ceiling Increase in U.S. Department of Homeland Security Cellular Wireless Managed Services 2.0 IDIQ Contract
FAIRFAX, VA / ACCESSWIRE / June 25, 2024 / WidePoint Corporation (NYSE American:WYY) , the innovative enterprise cyber security and mobile technology provider, announced that the U.S. Department of Homeland Security ("DHS") has increased the ceiling of the Cellular Wireless...
WidePoint Corporation (WYY) Q1 2024 Earnings Call Transcript
WidePoint Corporation (NYSE:WYY ) Q1 2024 Earnings Conference Call May 15, 2024 4:30 PM ET Company Participants Jin Kang - President and CEO Jason Holloway - Chief Revenue Officer Robert George - Chief Financial Officer Conference Call Participants Barry Sine...
WidePoint WYY Reports First Quarter 2024 Financial Results
FAIRFAX, VA / ACCESSWIRE / May 15, 2024 / WidePoint Corporation (NYSE American:WYY) , the innovative enterprise cyber security and mobile technology provider, reported results for the first quarter ended March 31, 2024. First Quarter 2024 and Recent Operational Highlights:...
WidePoint Selected by the U.S. Navy for the 10-Year, $2.7 Billion Spiral 4 Contract
WidePoint is Among 7 Companies Selected by the U.S. Navy to Provide Wireless and Telecommunications Services. FAIRFAX, VA / ACCESSWIRE / May 8, 2024 / WidePoint Corporation (NYSE American:WYY) , the innovative enterprise security and mobile technology provider, announced that...
Source: https://incomestatements.info
Category: Stock Reports
How many consecutive quarters of positive Adjusted EBITDA does WidePoint have?
Certified and successfully deployed new proprietary MobileAnchor Digital Credential solution into two Federal Agencies. 29th consecutive quarter of positive Adjusted EBITDA1.
What contracts did WidePoint secure in Q3 2024?
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.
What were WidePoint’s Q3 2024 revenue and growth?
Revenues were $34.6 million, a 35% increase from the same quarter last year. Adjusted EBITDA1, a non-GAAP financial measure, was $574,000, a 149% improvement from the same quarter last year.