Summary
WYY Q2 Earnings Match Estimates, Revenues Miss on Reselling Dip
WidePoint's Q2 earnings meet estimates as revenues rise 1.9%, while lower reselling and other services revenues offset growth in carrier and managed services.
WidePoint Q2 Earnings Call Focuses on CWMS 3.0 Ramp in 2027
WYY sees CWMS 3.0 as its main growth engine, with a 2027 ramp, higher-margin work and ATV, DaaS and SEWP VI expansion paths in focus.
WidePoint Q2 Earnings Call Highlights
WidePoint NYSEAMERICAN: WYY reported higher second-quarter revenue, improved profitability and a strengthened long-term outlook tied to its recently awarded Department of Homeland Security contract, while the company continues to await a decision on a protest of that award.
WidePoint Corporation Investors
| Name | Quantity | Cost | Value | Profit ($) | Gain (%) |
|---|---|---|---|---|---|
| LJB Laura J. Bornheimer GWN SECURITIES Inc. | 25,186 | $440,755 | $256,141.62 | -$184,613.38 | -41.89% |
 Sheryl Stephens Stephens Consulting LLC | 250 | $982 | $2,608.75 | $1,626.75 | 165.66% |
 Christopher C. Powers Farther Finance Advisors, LLC | 131 | $2,300 | $1,332.27 | -$967.73 | -42.08% |
 Jefferson H. West Legacy Investment Solutions LLC | 100 | $484 | $1,017 | $533 | 110.12% |
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WidePoint Corporation Profile
| Software Industry | Information Technology Sector | Jin Kang CEO | AMEX Exchange | 967590209 CUSIP |
| US Country | 245 Employees | - Last Dividend | 9 Nov 2020 Last Split | 19 May 1998 IPO Date |
Overview
WidePoint Corporation specializes in providing Technology Management as a Service (TMaaS) tailored for government bodies and business enterprises across North America and Europe. With its inception in 1991 and based out of Fairfax, Virginia, WidePoint delivers its range of services through a federal government-certified, proprietary portal. This innovative approach ensures clients can effectively manage, analyze, and safeguard their communications assets while also deploying comprehensive identity management solutions that secure both virtual and physical access to sensitive areas. Dedicated to offering advanced TMaaS solutions, WidePoint employs a strategic combination of technology and expertise to meet the intricate needs of its clientele.
Products and Services
WidePoint Corporation's portfolio encompasses a broad spectrum of products and services designed to optimize both communication and security infrastructures. These offerings include:
- Telecom Lifecycle Management: This service provides a holistic approach to managing the entire lifecycle of telecommunications assets, ensuring optimized performance, cost-efficiency, and compliance with company policies and government regulations.
- Mobile and Identity Management: WidePoint offers solutions to secure and manage mobile devices and identities, facilitating secure access to corporate resources and protecting against unauthorized access.
- Digital Billing and Analytics: With this service, clients can benefit from digital billing solutions coupled with advanced analytics, helping them to understand usage patterns, optimize costs, and make informed decisions about their telecommunications infrastructure.
- Information Technology as a Service (ITaaS):
- Cybersecurity: WidePoint provides robust cybersecurity services designed to protect enterprises from cyber threats, securing their data, networks, and systems.
- Cloud Services: Offering scalable and flexible cloud solutions, WidePoint enables businesses to leverage cloud technology for storage, processing, and software services.
- Network Operation: This includes comprehensive network operation services, ensuring smooth and efficient performance of network infrastructure.
- Professional Services: WidePoint also provides a range of professional services, offering expert guidance and implementation support to optimize IT and telecom strategies.
