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 ...

Company Overview - WidePoint Corporation is a leading technology Managed Solution Provider (MSP) focused on securing and protecting the mobile workforce and enterprise landscape, offering solutions such as Identity and Access Management (IAM), Mobility Managed Services (MMS), Telecom Management, Information Technology as a Service (ITaaS), Cloud Security, and Analytics & Billing as a Service (ABaaS) [6] Event Participation - WidePoint Corporation is confirmed to present at the 2024 Annual Gateway Conference on September 4-5 at the Four Seasons Hotel in San Francisco, CA [1] - The management team is scheduled to present on September 4 at 9:00 a.m. Pacific Time, with the presentation available for live webcast and replay [2] Conference Details - The Gateway Conference celebrates 25 years of connecting growth-stage companies with prospective investors, analysts, and partners, providing a platform for public and private companies to share their stories [3] - Attendees will have access to a diverse array of companies across various sectors, including technology, cleantech, consumer, industrials, financial services, and healthcare, with opportunities for one-on-one meetings with senior executives from over 100 companies [4]

Financial Results - WidePoint Corporation conducted a conference call on May 15, 2024, to discuss its financial results for Q1 2024[5] - The financial results for the quarter ended March 31, 2024, were announced in a press release issued on the same day[5] - The report does not include specific financial metrics or performance indicators from the earnings call[5] Regulatory Compliance - The report is filed under the Securities Exchange Act of 1934, ensuring compliance with regulatory requirements[6] - The company has not indicated whether it is an emerging growth company[2] Company Information - The company is listed on the NYSE American under the trading symbol WYY[4] - The address of the principal executive office is 11250 Waples Mill Road, South Tower 210, Fairfax, Virginia 22030[2] - The CEO of WidePoint Corporation is Jin Kang, who signed the report on May 20, 2024[11] Conference Call Details - The conference call transcript is available as Exhibit 99.1, and the earnings press release is available as Exhibit 99.2[7] Product and Market Developments - No new products, technologies, market expansions, or acquisitions were mentioned in the provided content[5]

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 - Litchfield Hills Research Operator Good afternoon. Welcome to WidePoint's First Quarter 2024 Earnings Conference Call. My name is Kelly, and I'll be your operator for today's call. Joining us for today's presentation are WidePoint's President and CEO, ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Form 10-Q ☑ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15 (d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended March 31, 2024 or ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from __________________ to ___________________ Commission File Number: 001-33035 WidePoint Corporation (Exact name of Registrant as specified in its charter) Delaware 52-204 ...

Financial Data and Key Metrics Changes - For Q4 2023, revenue was $28.3 million, a 21% increase from the same quarter last year, while total revenue for the year reached approximately $106 million, marking a 13% increase from the previous year [27][68] - The company achieved positive free cash flow of approximately $300,000 in Q4 2023 and anticipates maintaining this trend throughout 2024 [16][44] - The net loss for Q4 2023 was $1.3 million, significantly improved from a net loss of $8.9 million in the same period last year [56] Business Line Data and Key Metrics Changes - Carrier services revenue for Q4 was $15.7 million, up 14% year-over-year, and for the full year, it was $58.3 million, a 9% increase [27][35] - Managed and billable services revenue for Q4 was $4.4 million, a 23% increase from the same quarter last year, with annual revenue reaching $31 million, a 10% increase [33] - Reselling and other services revenue for Q4 was $8.1 million, a 37% increase year-over-year, and for the full year, it was $16.8 million, a 33% increase [52] Market Data and Key Metrics Changes - The company secured approximately $60 million in governmental contracts in Q4 2023, contributing to a substantial contract backlog totaling $359 million as of December 31, 2023 [21][17] - The company noted strong contract renewal and customer retention rates of over 90%, indicating solid market positioning [18] Company Strategy and Development Direction - The company is focused on achieving full FedRAMP certification for its ITMS platform, which is expected to enhance its competitive edge in securing federal government contracts [9][10] - Investments in AI are being explored to improve customer service, streamline operations, and enhance cybersecurity measures [12][13] - The company plans to expand its market presence through strategic hires and partnerships, particularly in the K-12 sector and federal business development [23][24] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in achieving double-digit revenue growth in the teens for 2024, supported by a strong contract backlog and ongoing operational improvements [18][68] - The company anticipates minimal capital expenditures for 2024, allowing for a focus on operational growth initiatives [19] - Management highlighted the importance of maintaining a strong cash position and free cash flow to support future growth and strategic initiatives [58][68] Other Important Information - The company has developed a robust device recycling program as part of its ESG initiatives, aiming to minimize electronic waste and reduce carbon emissions [61] - The company has entered into a new revolving credit facility, providing an additional $4 million in borrowing capacity to support growth [58] Q&A Session Summary Question: What is the guidance for 2024 revenue and contracts in place? - Management indicated that approximately 60% to 65% of the revenue guidance for 2024 is already secured, with high confidence in the remaining portion [62] Question: How does the federal budget impact the company? - Management confirmed that all current task orders with the Department of Homeland Security (DHS) are fully funded, and they expect business as usual despite budget discussions [47][80] Question: What are the plans for capital allocation given the positive cash flow? - Management is considering various options for capital allocation, including increased investment in sales and marketing, strategic hires, and potential stock repurchase programs [44][83]