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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's Subsidiary IT Authorities Awarded New CISCO Equipment Contract
FAIRFAX, VA / ACCESSWIRE / November 29, 2023 / WidePoint Corporation (NYSE American:WYY) , the innovative technology Managed Solution Provider (MSP) specializing in Identity & Access Management (IAM), Telecommunications and Managed Mobility Services (MMS), Analytics & Billing as a Service...
WidePoint Corporation (WYY) Q3 2023 Earnings Call Transcript
WidePoint Corporation (NYSE:WYY ) Q3 2023 Earnings Conference Call November 14, 2023 4:30 PM ET Company Participants Jin Kang - President and CEO Jason Holloway - Chief Revenue Officer Robert George - Chief Financial Officer Conference Call Participants Scott Buck...
WidePoint Reports Third Quarter 2023 Financial Results
FAIRFAX, VA / ACCESSWIRE / November 14, 2023 / WidePoint Corporation (NYSE American:WYY) , the innovative technology Managed Solution Provider (MSP) specializing in Identity & Access Management (IAM), Telecommunications and Managed Mobility Services (MMS), Analytics & Billing as a Service...
WidePoint Sets Third Quarter 2023 Conference Call for Tuesday, November 14, 2023 at 4:30 p.m. ET
FAIRFAX, VA / ACCESSWIRE / November 1, 2023 / WidePoint Corporation (NYSE American:WYY) , the innovative technology Managed Solution Provider (MSP) specializing in Identity & Access Management (IAM), Telecommunications and Managed Mobility Services (MMS), Analytics & Billing as a Service...
WidePoint to Present at the 16th Annual LD Micro Main Event on October 4th at 9:30 AM PT
FAIRFAX, VA / ACCESSWIRE / September 20, 2023 / WidePoint Corporation (NYSE American:WYY) , the innovative technology Managed Solution Provider (MSP) specializing in Identity & Access Management (IAM), Telecommunications and Managed Mobility Services (MMS), Analytics & Billing as a Service...
WidePoint to Virtually Present and Participate at the H.C. Wainwright 25th Annual Global Investment Conference
FAIRFAX, VA / ACCESSWIRE / August 30, 2023 / WidePoint Corporation (NYSE American:WYY) , the innovative technology Managed Solution Provider (MSP) specializing in Identity & Access Management (IAM), Telecommunications and Managed Mobility Services (MMS), Analytics & Billing as a Service...
WidePoint Cybersecurity Awarded New $1.7 Million Identity and Access Management Contract
FAIRFAX, VA / ACCESSWIRE / August 22, 2023 / WidePoint Corporation (NYSE American:WYY) , the innovative technology Managed Solution Provider (MSP) specializing in Identity & Access Management (IAM), Telecommunications and Managed Mobility Services (MMS), Analytics & Billing as a Service...
WidePoint Corporation (WYY) Q2 2023 Earnings Call Transcript
WidePoint Corporation (NYSE:WYY ) Q2 2023 Earnings Call Transcript August 15, 2023 8:00 AM ET Company Participants Jin Kang - Chief Executive Officer & President Jason Holloway - Chief Revenue Officer Robert George - Chief Financial Officer Conference Call Participants...
WidePoint Reports Second Quarter 2023 Financial Results
FAIRFAX, VA / ACCESSWIRE / August 15, 2023 / WidePoint Corporation (NYSE American:WYY) , the innovative technology Managed Solution Provider (MSP) specializing in Identity & Access Management (IAM), Telecommunications and Managed Mobility Services (MMS), Analytics & Billing as a Service...
WidePoint Sets Second Quarter 2023 Conference Call for Tuesday, August 15, 2023 at 4:30 p.m. ET
FAIRFAX, VA / ACCESSWIRE / August 8, 2023 / WidePoint Corporation (NYSE American:WYY) , the innovative technology Managed Solution Provider (MSP) specializing in Identity & Access Management (IAM), Telecommunications and Managed Mobility Services (MMS), Analytics & Billing as a Service...
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.