Financial Data and Key Metrics Changes - Prologis reported a core FFO of $1.42 per share, including net promotes, and $1.43 per share excluding net promotes, both exceeding forecasts [15] - Occupancy at the end of the quarter was 95.2%, a decrease of 70 basis points from year-end, attributed to strong retention [15] - Net effective rent change during the quarter was 54%, with cash basis at 32%, leading to same-store growth of 5.9% and 6.2% respectively [16][17] - The company raised approximately $400 million in new capital for its flagship open-ended funds, with a similar amount in redemptions, resulting in a near-neutral capital raise [20] Business Line Data and Key Metrics Changes - Prologis leased 58 million square feet, nearing record levels, and broke ground on several build-to-suit developments [10] - The data center business saw an increase of 400 megawatts in power capacity, totaling 2 gigawatts in advanced stages [19] - The company started approximately $650 million in new developments, with nearly 80% in built-to-suits averaging 16-year lease terms [17] Market Data and Key Metrics Changes - The operating environment showed a post-election uptick in leasing, with increased proposal volumes and conversions, particularly in transport, food and beverage, consumer products, and electronics [22] - Net absorption for the quarter was 21 million square feet, with global rents declining by 1.5%, primarily in Southern California [88] Company Strategy and Development Direction - Prologis aims to leverage its global footprint and diversified rent roll to navigate market disruptions and capitalize on emerging opportunities [12][14] - The company plans to reduce development start guidance to $1.5 billion to $2 billion, reflecting uncertainty in the capital markets [33] - The strategy emphasizes investing in markets where goods are consumed rather than produced, aligning with long-term growth prospects [14] Management's Comments on Operating Environment and Future Outlook - Management expressed concerns about potential recession and inflation, noting that decision-making among customers is slowing due to tariff uncertainties [11][12] - The company remains confident in its ability to weather economic fluctuations, citing a fortress balance sheet and contractual revenue streams [13] - Management anticipates increased inventory levels as businesses stockpile, with e-commerce expected to gain market share [30] Other Important Information - Prologis received a credit rating upgrade to A2 from Moody's, making it one of only two public REITs with an A-flat rating from both agencies [21] - The company is advancing towards its goal of one gigawatt of solar and storage capacity, with over 900 megawatts either in operation or under development [20] Q&A Session Summary Question: Insights on customer interactions and demand - Management noted that consumption is closely tied to GDP growth, and while a recession would impact consumption, long-term trends remain positive [44] Question: Clarification on leasing and occupancy - The occupancy drop was attributed to a high volume of leases rolling in the first quarter, with retention at 73% [51] Question: Impact of Amazon's market presence - Prologis has signed significant deals with Amazon, with the e-commerce segment showing strong leasing activity [65] Question: Opportunities in the current environment - Management indicated that it is too early to identify specific opportunities, as the market is currently in a wait-and-see mode [69] Question: Demand for smaller spaces - Smaller spaces typically have lower occupancy due to shorter lease terms, but replacement costs are rising, providing some protection against supply issues [124][126]

WidePoint Corporation (WYY) Q4 2024 Earnings Conference Call April 16, 2025 04:30 PM ET Company Participants Conference Call Moderator - ModeratorJustin Meng - Senior Vice President and Head of Investor RelationsTim March - Chief Financial OfficerAmit Moghadam - Chief Executive OfficerOperator - Conference Call OperatorChris Keaton - Managing DirectorDan Letter - President Conference Call Participants Tom Catherwood - Analyst, BTIGSteve Sacqua - Analyst, Evercore ISIRonald Camden - Analyst, Morgan StanleyMi ...

Revenue Growth - Revenues for the year ended December 31, 2024, were $142.6 million, an increase of $36.5 million (or 34%) compared to approximately $106.0 million in 2023[199] - Carrier services revenues increased by $28.5 million to $86.8 million from $58.2 million last year, primarily due to increased contracting activity with federal customers[199] - Managed service fees increased by $4.5 million to $35.8 million from $31.3 million last year, attributed to a new commercial contract for a US government end customer[199] - U.S. Federal Government revenues increased by $34.4 million to $118.9 million in 2024 compared to $84.5 million in 2023[200] - Total revenue for the year ended December 31, 2024, was $142.6 million, representing a 34% increase from $106.0 million in 2023[208] - Sales to federal government customers increased significantly, totaling $20 million in 2024 compared to $1.3 million in 2023[207] Profitability - Gross profit for Carrier services was $86.8 million, a 49% increase from the previous year, while Managed services gross profit was $55.8 million, a 17% increase[205] - Gross profit for 2024 was $19.0 million, or 13% of revenues, down from $15.6 million, or 15% of revenues in 2023[208] - Net loss for 2024 was $1.9 million, or $0.21 loss per share, an improvement from a net loss of $4.0 million, or $0.46 loss per share in 2023[220] Operating Expenses - Cost of revenues for the year ended December 31, 2024, was $123.5 million (or 87% of revenues) compared to $90.4 million (or 85% of revenues) in 2023[203] - General and administrative expenses for 2024 were $17.6 million, or 12% of revenues, compared to $15.9 million, or 15% of revenues in 2023[213] Cash Flow and Financing - Cash provided by operating activities for 2024 was approximately $1.6 million, up from $0.6 million in 2023[224] - Cash used in financing activities for 2024 was approximately $0.9 million, reflecting line of credit advances and payments[230] - The company’s net working capital increased to approximately $2.4 million in 2024 from $1.4 million in 2023[221] - The company sold a total of $2.9 million of receivables for $2.8 million in proceeds net of fees in 2024[234] - The company entered into a $4 million revolving line of credit facility on February 29, 2024, renewed through February 28, 2026[236] Strategic Initiatives - The company aims to grow recurring managed services revenues and leverage its FedRAMP Authorized status to capture government business[176] - The company plans to explore integration of artificial intelligence into its solutions to enhance information security and service delivery[186] - The company completed the integration of acquired assets from ITA and is focused on expanding its customer base and sales pipeline[176] Tax and Valuation - The company recorded a valuation allowance against a portion of domestic deferred tax assets due to the likelihood of not earning sufficient income to realize these assets[196]

Financial Outlook - WidePoint Corporation issued a press release summarizing its unaudited fiscal 2024 financial outlook and operational highlights on February 18, 2025[5]. - The press release is furnished as Exhibit 99.1 to the Current Report on Form 8-K, providing detailed financial information[5]. Strategic Priorities - The company outlined its strategic priorities for fiscal 2025, indicating a focus on growth and operational efficiency[5].

Financial Performance - Revenues for Q3 2024 were $34.6 million, representing a 35% increase compared to $25.7 million in Q3 2023[5] - Adjusted EBITDA for Q3 2024 was $574,000, a 149% improvement from $230,000 in Q3 2023[5] - Free cash flow for Q3 2024 was $511,000, reflecting a 120% increase from a negative $590,000 in Q3 2023[5] - For the nine months ended September 30, 2024, revenues were $104.9 million, a 35% increase from $77.8 million in the same period last year[6] - Total revenues for the three months ended September 30, 2024, were $34,620,433, an increase from $25,733,657 in the same period of 2023, representing a growth of approximately 34.8%[22] - Gross profit for the nine months ended September 30, 2024, was $14,251,479, compared to $11,614,398 for the same period in 2023, indicating a year-over-year increase of about 22.4%[22] - The net loss for the nine months ended September 30, 2024, was $1,577,873, a decrease from a net loss of $2,714,686 in the same period of 2023, reflecting an improvement of approximately 41.8%[22] Contract Awards and Renewals - The company won $15.2 million in contract awards and renewals during Q3 2024, including $1.4 million in IT as a Service contracts[4] Cash and Assets - As of September 30, 2024, the company had cash of $5.6 million with no bank debt[5] - Cash and cash equivalents at the end of the period were $5,636,057, down from $6,921,160 at the beginning of the period, showing a decrease of about 18.5%[24] - Unbilled accounts receivable increased significantly to $24,784,036 as of September 30, 2024, compared to $16,618,639 at the end of 2023, marking a growth of approximately 49.0%[21] - Total current assets rose to $40,938,795 as of September 30, 2024, up from $32,843,263 at the end of 2023, representing an increase of about 24.6%[21] Operating Expenses and Cash Flow - Operating expenses for the nine months ended September 30, 2024, totaled $15,815,068, compared to $14,062,260 for the same period in 2023, indicating an increase of approximately 12.5%[22] - The company experienced a net cash used in operating activities of $752,978 for the nine months ended September 30, 2024, compared to net cash provided of $1,835,176 in the same period of 2023, showing a significant change in cash flow dynamics[25] Technological Advancements - The company successfully deployed its proprietary MobileAnchor Digital Credential solution into two Federal Agencies, enhancing its technological capabilities[4] Future Outlook - The company is trending towards the higher end of its annual guidance and is optimistic about maintaining growth momentum into 2025[7] Shareholder Information - The weighted-average shares outstanding for the nine months ended September 30, 2024, were 9,263,492, compared to 8,809,644 for the same period in 2023, indicating an increase of approximately 5.1%[22] Interest Income - The company reported interest income of $161,033 for the nine months ended September 30, 2024, compared to $39,122 in the same period of 2023, reflecting a significant increase of about 311.5%[22] Gross Margin - Gross margin for Q3 2024 was 14%, with gross margin excluding carrier services revenue increasing to 38% from 35% in the same period last year[5] Net Loss - Net loss for Q3 2024 improved to $425,200, compared to a net loss of $921,100 in Q3 2023[5]

Financial Data and Key Metrics Changes - The company reported revenues of $34.6 million for Q3 2024, reflecting a 35% increase year-over-year, with nine-month revenues reaching $104.9 million, also up 35% from the previous year [6][27]. - Adjusted EBITDA for Q3 was $574,000, a 149% increase from last year, while the nine-month figure rose to $1.9 million, significantly up from $387,000 in the same period last year [7][8]. - Free cash flow grew by 120% to $511,000 for the quarter, compared to a negative $391,000 in the same quarter last year, with nine-month free cash flow improving 394% to $1.9 million from negative $590,000 [7][8]. Business Line Data and Key Metrics Changes - Carrier services revenue for Q3 was $22.4 million, an increase of $7.8 million compared to the same period in 2023, while nine-month carrier services revenue was $62.2 million, up $19.7 million [28][29]. - Managed services fees for Q3 were $8.5 million, an increase of $400,000 year-over-year, with nine-month managed services fees at $26.4 million, up $4.5 million [29]. - Billable service fees for Q3 were $1.7 million, an increase of $114,000, while the nine-month figure decreased to $4.1 million, down $564,000 [30]. Market Data and Key Metrics Changes - The company saw strong demand for its MobileAnchor product, signing two new contracts in Q3, primarily contributing to high-margin SaaS revenue [10]. - The contract backlog stood at $300 million as of September 30, 2024, with a healthy sales pipeline across all sectors [19]. Company Strategy and Development Direction - The company is focused on capturing high-margin contracts and differentiating its offerings to take business away from competitors, with a strategic emphasis on technological innovations like MobileAnchor [10][15]. - The company is preparing for significant contracts, including the $1.5 billion CWMS 3.0 recompete and the $60 billion NASA SEWP VI contract, with expectations of being granted FedRAMP authorization soon [12][13]. Management's Comments on Operating Environment and Future Outlook - Management expressed optimism about the impact of the recent presidential election on government contracts, anticipating minimal operational impact and potential additional funding for agencies like DHS [45][46]. - The company expects revenues to range between $120 million and $133 million for the year, with adjusted EBITDA between $2.1 million and $2.4 million, trending toward the higher end of the guidance [47][48]. Other Important Information - The company ended the quarter with $5.6 million in cash, an increase from $4 million at the end of the previous quarter, primarily due to reduced unbilled receivables [41]. - The company has a revolving line of credit facility with $4 million of potential borrowing capacity, although it does not anticipate needing to rely on it [42]. Q&A Session Summary Question: Impact of the election on operations and marketing message - Management noted that the census project is generating some activity, and the hybrid working environment may lead to an increase in the number of devices logging into customer infrastructure [51][52]. - The focus on efficiency resonates with customers, as the company claims to save them 15% to 35% on telecom costs, which could provide tailwinds for the business [54]. Question: Status of FedRAMP authorization - The company is monitoring the FedRAMP certification process, having submitted the final package about six weeks ago, and is in the finalization phase [59][60]. Question: Opportunities outside federal government - Management indicated that over 90% of the Device as a Service program is focused on commercial clients in highly regulated industries, suggesting a robust pipeline outside of federal opportunities [61][62].

Group 1: Earnings Performance - WidePoint reported a quarterly loss of $0.04 per share, better than the Zacks Consensus Estimate of a loss of $0.07, and an improvement from a loss of $0.10 per share a year ago, representing an earnings surprise of 42.86% [1] - The company posted revenues of $34.62 million for the quarter ended September 2024, surpassing the Zacks Consensus Estimate by 13.86%, compared to year-ago revenues of $25.73 million [2] - Over the last four quarters, WidePoint has surpassed consensus EPS estimates two times and topped consensus revenue estimates two times [2] Group 2: Stock Performance and Outlook - WidePoint shares have increased approximately 76.7% since the beginning of the year, significantly outperforming the S&P 500's gain of 25.5% [3] - The current consensus EPS estimate for the coming quarter is -$0.09 on revenues of $31.55 million, and -$0.28 on revenues of $132.21 million for the current fiscal year [7] - The estimate revisions trend for WidePoint is mixed, resulting in a Zacks Rank 3 (Hold) for the stock, indicating expected performance in line with the market in the near future [6] Group 3: Industry Context - The Computer - Services industry, to which WidePoint belongs, is currently in the bottom 44% of over 250 Zacks industries, suggesting that the outlook for the industry can materially impact stock performance [8] - Empirical research indicates a strong correlation between near-term stock movements and trends in earnings estimate revisions, which can be tracked by investors [5]

Core Viewpoint - The market anticipates WidePoint (WYY) to report a year-over-year increase in earnings driven by higher revenues for the quarter ending September 2024, with actual results being crucial for stock price movement [1][2]. Earnings Expectations - The consensus EPS estimate for WidePoint is a loss of $0.07 per share, reflecting a year-over-year improvement of +30%. Revenues are projected to be $30.41 million, an increase of 18.2% from the previous year [3]. - The stock may experience upward movement if the earnings report exceeds expectations, while a miss could lead to a decline [2]. Estimate Revisions - Over the last 30 days, the consensus EPS estimate has been revised down by 112.5%, indicating a bearish sentiment among analysts regarding the company's earnings prospects [4][10]. - The Most Accurate Estimate for WidePoint is lower than the Zacks Consensus Estimate, resulting in an Earnings ESP of -7.69%, complicating predictions for an earnings beat [10]. Earnings Surprise Prediction - The Zacks Earnings ESP model suggests that a positive Earnings ESP reading is a strong indicator of an earnings beat, particularly when combined with a favorable Zacks Rank [8]. - WidePoint currently holds a Zacks Rank of 3, which, combined with a negative Earnings ESP, makes it challenging to predict a positive earnings surprise [10]. Historical Performance - In the last reported quarter, WidePoint was expected to post a loss of $0.08 per share but delivered a loss of $0.05, resulting in a surprise of +37.50% [11]. - Over the past four quarters, the company has only beaten consensus EPS estimates once [12]. Conclusion - While WidePoint does not appear to be a strong candidate for an earnings beat, investors should consider other factors before making investment decisions ahead of the earnings release [15].

Core Viewpoint - Momentum investing focuses on "buying high and selling higher," rather than traditional strategies of "buying low and selling high" [1] Group 1: Momentum Investing Strategy - Momentum investors often face challenges in determining the right entry point, as stocks may lose momentum when their valuations exceed future growth potential [2] - A safer approach involves investing in bargain stocks that exhibit recent price momentum, utilizing tools like the Zacks Momentum Style Score to identify such opportunities [3] Group 2: Company Analysis - WidePoint (WYY) - WidePoint (WYY) has shown a four-week price change of 4.7%, indicating growing investor interest [4] - Over the past 12 weeks, WYY's stock has gained 25.8%, demonstrating its ability to deliver positive returns over a longer timeframe [5] - WYY has a beta of 1.65, suggesting it moves 65% more than the market in either direction, indicating fast-paced momentum [5] - The stock has a Momentum Score of B, suggesting it is an opportune time to invest [6] - WYY has a Zacks Rank 2 (Buy) due to upward revisions in earnings estimates, which typically attract more investors [7] - The stock is trading at a Price-to-Sales ratio of 0.30, indicating it is undervalued, as investors pay only 30 cents for each dollar of sales [7] Group 3: Additional Investment Opportunities - Besides WYY, there are other stocks that meet the criteria of the 'Fast-Paced Momentum at a Bargain' screen, presenting further investment opportunities [8] - The Zacks Premium Screens offer over 45 different strategies tailored to help investors find winning stock picks [9]

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 Four Seasons Hotel in San Francisco, CA. WidePoint's management team is scheduled to present on Wednesday, September 4 at 9:00 a.m. Pacific Time (PT). The presentation will be webcast live and available for replay here. In addition to the pre ...