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 September 30, 2020 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 (Address of principal executive offices) (Zip Code) (703) 349-2577 (Registrant's telepho ...

Financial Data and Key Metrics Changes - For Q2 2020, revenue increased to $54.8 million, a 148% increase from $22.1 million in Q2 2019 and a sequential improvement from $39.7 million in Q1 2020 [7][37] - Managed services revenues rose by 22% to $9.8 million from $8.1 million year-over-year, contributing to a 230% increase in EBITDA from $311,000 in Q2 2019 to $1 million in Q2 2020 [10][46] - The company reported a net income of $489,000 in Q2 2020, compared to a net loss of $308,000 in the same quarter last year [11][45] Business Line Data and Key Metrics Changes - Carrier services revenues surged by 220% to $44.9 million, accounting for 82% of total revenue in Q2 2020, compared to 53% in Q2 2019 [38] - Managed services revenues, which are higher margin, increased by 22% year-over-year, driven by expansions with existing customers and increased sales of accessories [39] Market Data and Key Metrics Changes - The U.S. Department of Commerce's census project significantly impacted revenue, with the number of devices managed increasing from approximately 400,000 to nearly 700,000 [15][17] - Federal customers increased spending due to COVID-19, while commercial customers became more willing to invest as they recognized the need for effective mobile asset management [22] Company Strategy and Development Direction - The company aims to replace revenues from the census project with managed services revenues from new contracts, focusing on profitable growth [17][53] - The management is considering strategic options, including a potential reverse split and M&A opportunities to accelerate development [56][59] Management's Comments on Operating Environment and Future Outlook - Management expressed optimism about the company's financial position, projecting full-year 2020 revenues between $185 million and $195 million, representing an 87% growth year-over-year at the midpoint [51][54] - The company is confident in its ability to navigate the complexities of the mobile landscape, driven by the increasing number of mobile and IoT devices [62] Other Important Information - The company exited Q2 2020 with $7.5 million in cash and net working capital of $6.6 million, with approximately $5 million available on its credit facility [48] - The company has been actively investing in product development, with $1.4 million spent in the first half of 2020 to enhance platform capabilities [44] Q&A Session Summary Question: Clarification on EBITDA and adjusted EBITDA guidance - Management confirmed that the adjusted EBITDA guidance for 2020 translates to $4 million to $4.4 million [65] Question: Investments in marketing and headcount - Management indicated investments will focus on marketing, sales, and infrastructure upgrades to enhance service offerings [66] Question: Revenue expectations from federal customers like ICE and NASA - Management expects steady contracts with ICE and NASA, with optimism about winning future contracts [68] Question: Growth in managed services revenue - Management acknowledged challenges in maintaining managed services revenue but expressed confidence in backfilling revenue sources [69] Question: New contract wins versus extensions - Management clarified that recent contract wins include both new contracts and extensions, with significant revenue potential from the Virginia ABC contract [80][82] Question: DHS contract Q&A session insights - Management provided details on the DHS Q&A session, indicating no surprises and a focus on administrative questions [84] Question: NGEN appeal process status - Management reported that protests related to the NGEN contract have been dismissed, and they are optimistic about future collaborations with Leidos and IBM [85][86] Question: Cash balance decline despite strong EBITDA - Management explained that cash decline was due to timing issues related to invoicing and contract transitions, expecting improvements in Q3 [90][91] Question: Reverse split rationale - Management discussed the potential reverse split as a strategy to attract institutional investors and improve stock attractiveness [106][107]

Revenue Performance - Revenues for the three-month period ended June 30, 2020, were approximately $54.8 million, an increase of approximately $32.7 million (or 148%) compared to $22.1 million in 2019[86] - Revenues for the six-month period ended June 30, 2020, were approximately $94.4 million, an increase of approximately $50.4 million (or 115%) compared to $44.0 million in 2019[99] - Carrier services revenue increased to $44.9 million from $14.0 million, primarily due to the U.S. Department of Commerce contract supporting the 2020 Census[86] Profitability - Gross profit for the three-month period ended June 30, 2020, was approximately $5.1 million (or 9% of revenues), compared to $4.1 million (or 18% of revenues) in 2019[90] - Gross profit for the same period was approximately $10.0 million, or 11% of revenues, down from $8.3 million or 19% in 2019, due to lower margin carrier services[104] - Net income for the three-month period ended June 30, 2020, was approximately $488,600, compared to a net loss of approximately $307,761 in the same period last year[97] - Net income for the six months ended June 30, 2020 was approximately $972,500, a significant increase from $76,300 in the same period last year[109] Expenses and Costs - Cost of revenues for the six months ended June 30, 2020 was approximately $84.4 million, representing 89% of revenues, compared to $35.7 million or 81% in 2019[103] - General and administrative expenses were approximately $7.2 million, or 8% of revenues, up from $6.7 million or 15% in 2019, reflecting increased overhead costs[106] - Depreciation and amortization expense increased to approximately $529,600 from $484,600 in 2019, reflecting a larger depreciable asset base[107] Cash Flow - Cash provided by operating activities was approximately $1.6 million, down from $3.5 million for the same period in 2019, attributed to longer collection times from government customers[114] - Cash used in investing activities was approximately $685,000, primarily for computer hardware and software purchases related to secure identity management technology[116] - Cash used in financing activities was approximately $301,400, reflecting line of credit advances and payments totaling approximately $1.9 million[118] Working Capital and Tax - As of June 30, 2020, net working capital was approximately $6.6 million, an increase from $5.0 million at December 31, 2019, driven by revenue increases[112] - Income tax expense for the six months ended June 30, 2020 was approximately $230,300, with an effective tax rate of 19.1%, compared to 55% in the prior year[108] Strategic Initiatives - The company is pursuing FedRAMP certification for ITMS™ and upgrading secure identity management technology[83] - The company aims to expand its marketplace share and improve sustainability through strategic repositioning and potential acquisitions[82] - The activities supporting the 2020 Census are scheduled to wind down in the fourth quarter of 2020, which will likely reduce carrier service revenue in future periods[99] Operational Changes - The company transitioned to a work-from-home environment for the majority of employees in mid-March 2020[83]

WidePoint Corporation (NYSE:WYY) Q1 2020 Earnings Conference Call May 14, 2020 4:30 PM ET Company Participants Jin Kang - President & Chief Executive Officer Jason Holloway - Executive Vice President, Chief Sales & Marketing Officer Kellie Kim - Executive Vice President & Chief Financial Officer Conference Call Participants Mike Crawford - B. Riley FBR Barry Sine - Spartan Capital Securities Operator Good afternoon. Welcome to WidePoint's First Quarter 2020 Earnings Conference Call. My name is Christy, and ...

Revenue Performance - Revenues for the three months ended March 31, 2020, were approximately $39.6 million, an increase of approximately $17.7 million (or 81%) compared to $21.9 million in the same period in 2019[76] - Carrier services revenue increased to $28.1 million from $14.3 million, driven by contracts with the U.S. Department of Commerce for the 2020 Census and other federal agencies[76] Profitability - Gross profit for the three months ended March 31, 2020, was approximately $4.9 million (or 13% of revenues), compared to $4.3 million (or 19% of revenues) in 2019, reflecting a decrease in gross profit percentage[81] - Net income for the three months ended March 31, 2020, was approximately $483,888, compared to $384,100 in the same period last year[87] Cash Flow - Cash provided by operating activities was approximately $3.0 million for the three months ended March 31, 2020, compared to $2.4 million for the same period in 2019[93] Contractual Actions - The company recorded 39 contractual actions valued at approximately $20 million during the quarter, including new contract wins and extensions[78] Expenses - General and administrative expenses for the three months ended March 31, 2020, were approximately $3.5 million (or 9% of revenues), compared to $3.1 million (or 14% of revenues) in 2019[83] Strategic Plans - The company plans to pursue additional opportunities with key systems integrator partners and expand solution offerings into the commercial space[74] - The company aims to transition its data center and support infrastructure into a more cost-effective and federally approved cloud environment[74] Financial Resources - The company has access to a working capital credit facility with Atlantic Union Bank for up to $5.0 million[89]

Call Start: 16:30 January 1, 0000 5:24 PM ET WidePoint Corporation (NYSE:WYY) Q4 2019 Earnings Conference Call March 24, 2020 04:30 PM ET Company Participants Jin Kang - President & Chief Executive Officer Jason Holloway - Chief Sales & Marketing Officer Kellie Kim - Executive Vice President & CFO Conference Call Participants Mike Crawford - B. Riley FBR, Inc. Barry Sine - Spartan Capital Securities LLC Operator Good afternoon. Welcome to WidePoint's Fourth Quarter and Full-Year 2019 Earnings Conference Cal ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Form 10-K ☑ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the Fiscal Year Ended December 31, 2019 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 52-2040275 ( ...

WidePoint Corporation (NYSE:WYY) Q3 2019 Earnings Conference Call November 14, 2019 4:30 PM ET Company Participants Jin Kang - President & Chief Executive Officer Jason Holloway - Chief Sales & Marketing Officer Ian Sparling - President & Chief Executive Officer of Soft-ex Communications & WidePoint Interim Chief Financial Officer Conference Call Participants Mike Crawford - B. Riley Barry Sine - Spartan Capital Sam Donaldson - Private Investor Operator Good afternoon. Welcome to WidePoint's Third Quarter 2 ...

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 September 30, 2019 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 Delaware 52-2040275 11250 Waples Mill Road, South Tower 210, Fairfax, Virginia 22030 (Ad ...

WidePoint Corporation (NYSE:WYY) Q2 2019 Earnings Conference Call August 14, 2019 4:30 PM ET Company Participants Jin Kang - President & Chief Executive Officer Jason Holloway - Chief Sales & Marketing Officer Ian Sparling - President & Chief Executive Officer of Soft-ex Communications & WidePoint Interim Chief Financial Officer Conference Call Participants Jorge Fermin - B. Riley Operator Good afternoon and welcome to WidePoint's Second Quarter 2019 Earnings Conference Call. My name is Jim and I will be yo ...