UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 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 (State or other jurisdiction of (I.R.S. employer incorporation or organization) identification no.) Form 10-Q ☒ QUARTERLY REPORT PURSUANT TO S ...

WidePoint Corporation (NYSE:WYY) Q4 2021 Earnings Conference Call March 28, 2022 4:30 PM ET Company Participants Jin Kang - Chief Executive Officer and President Jason Holloway - EVP, Chief Sales & Marketing Officer and President of WidePoint Cybersecurity Solutions Corporation Kellie Kim - Chief Financial Officer Conference Call Participants Barry Sine - Spartan Capital Operator Good afternoon. Welcome to WidePoint's Fourth Quarter 2021 Earnings Conference Call. My name is Katherine, and I will be your op ...

For the Fiscal Year Ended December 31, 2021 or ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from __________________ to ___________________ 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 Commission File Number: 001-33035 WidePoint Corporation (Exact name of Registrant as specified in its charter) (State or other juris ...

Financial Data and Key Metrics Changes - For Q3 2021, revenue was $22.3 million, down from $57.5 million in the same quarter last year, primarily due to the loss of carrier service revenues from the U.S. Department of Commerce contract [33] - For the nine months ended September 30, 2021, revenue decreased to $62.9 million from $152 million in the same period last year, driven by the wind-down of the Census project and lower accessory sales [34] - Gross profit for Q3 2021 was $3.7 million, a 35% decrease from $5.6 million in Q3 2020, while gross margin improved to 16.5% from 9.8% [35] - GAAP net income for Q3 2021 was $535,000 or $0.06 per diluted share, down from $1.1 million or $0.13 per diluted share in Q3 2020 [39] - Cash at the end of the quarter was $18.1 million, with a current ratio of approximately 1.6 compared to 1.2 at the end of 2020 [41] Business Line Data and Key Metrics Changes - The Identity Management, Managed Mobility Services, and Telecom Lifecycle Management secured over $16.8 million in contract awards, although results were partially impacted by unexpected events [21] - The company is enhancing its Identity Management Solution and investing in a new commercial certificate authority to increase capabilities in the commercial market [13] Market Data and Key Metrics Changes - The company is focusing on K-12 educational institutions and the beverage production vertical, recognizing significant opportunities due to increased cybersecurity needs [22][25] - The acquisition of IT Authorities (ITA) is expected to strengthen the company's position in various growth markets and enhance its customer base [10] Company Strategy and Development Direction - The company aims to continue its strategy for profitable growth through both organic and inorganic means, with a focus on acquiring stable and profitable companies [46][47] - The management is cautious about the current acquisition environment, noting that many companies are demanding high multiples [46] Management's Comments on Operating Environment and Future Outlook - The management acknowledged macroeconomic headwinds, including supply chain disruptions and federal budget uncertainties, which have delayed several opportunities [7][8] - Despite challenges, the management remains optimistic about future growth and the ability to capitalize on near-term opportunities [52] Other Important Information - The company has initiated a share repurchase program, increasing the amount available for future purchases to $4.6 million [48] - CFO Kellie Kim announced her retirement, effective early next year, and will assist as a consultant post-retirement [43][51] Q&A Session Summary Question: How did the ITA acquisition affect your EBITDA? - ITA was acquired on October 1, so the financial results do not reflect any contribution from ITA for Q3, but a small contribution is expected in Q4 [54] Question: Do you intend to make additional acquisitions? - The company is focused on finding quality companies that are immediately accretive and is currently reviewing various acquisition opportunities [55] Question: What are the sizes of opportunities in new vertical markets? - The K-12 sector represents a large opportunity due to its status as a major employer, and the beverage industry also presents significant potential [56][60]

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, 2021 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 ...

Financial Data and Key Metrics Changes - The company's revenue for Q2 2021 was $20 million, a significant decline from $54.8 million in the same quarter last year, primarily due to reduced carrier services revenue related to the wind-down of the census project [28][29] - Managed services revenue decreased to $8.1 million from $9.8 million in Q2 2020, representing an 18% decrease, but grew 5% year-over-year when excluding the census project [30][31] - Gross margin improved to 20% in Q2 2021 from 9% in the same period last year, attributed to a shift in revenue mix away from lower-margin carrier services [32] Business Line Data and Key Metrics Changes - Carrier services revenue decreased to $11.9 million from $44.9 million in Q2 2020, while managed services revenue for the six months ended June 30, 2021, decreased to $17.4 million from $21.4 million in the same period last year [29][30] - Excluding the census project and timing issues, managed services revenue for the six months ended June 30, 2021, grew 9% compared to the same period last year [31] Market Data and Key Metrics Changes - The company secured over $36 million in identity management and managed services deals across 48 contractual actions, indicating strong demand in the government sector [18][19] - The company is focusing on expanding its footprint in the commercial enterprise space, leveraging partnerships with systems integrators to enhance sales opportunities [20][21] Company Strategy and Development Direction - The company aims to profitably grow by adding higher-margin sources of revenue through both organic growth and strategic acquisitions [37][38] - Investments are being made in technology upgrades, including improvements to identity management systems and continuity of operations infrastructure to enhance service resilience [7][10][12] Management's Comments on Operating Environment and Future Outlook - Management expressed cautious optimism regarding future sales activities as the company transitions back to normalcy post-pandemic, while also acknowledging the challenges posed by ongoing supply chain issues [25][41] - The company is committed to diversifying revenue streams and improving profitability, with a focus on higher-margin services [41][42] Other Important Information - The company received R2 certification for responsible recycling, which is expected to accelerate the adoption of device recycling services and contribute to top-line growth [14][15] - The company exited the quarter with $14.9 million in cash and a current ratio of 1.6, indicating a strong balance sheet [35][36] Q&A Session Summary Question: Inquiry about human resources investments and sales cycle - Management confirmed ongoing investments in sales staff and marketing initiatives, noting that the sales cycle can vary significantly depending on the opportunity [48][50] Question: Clarification on revenue normalization and expectations - Management acknowledged the impact of carrier credits and delayed orders on revenue, confirming that the normalized revenue would be above $22 million for the quarter [56][57] Question: Guidance on revenue expectations for the second half of the year - Management reiterated guidance of $103 million for the full year, emphasizing a focus on higher-margin revenue and addressing the lumpiness in carrier services revenue [58][60]

Financial Performance - Revenues for the three months ended June 30, 2021 were approximately $20.0 million, a decrease of approximately $34.8 million (or 64%) compared to $54.8 million in 2020[99] - Carrier services revenue decreased to $11.9 million from $44.9 million, a decline of $33.0 million, primarily due to the completion of the U.S. Department of Commerce contract supporting the 2020 Census[99] - For the six months ended June 30, 2021, revenues were approximately $40.6 million, a decrease of approximately $53.8 million (or 57%) compared to $94.4 million in 2020[109] - Net loss for the three months ended June 30, 2021 was approximately $(204,700), compared to net income of approximately $488,600 in the same period last year[107] Profitability and Expenses - Gross profit for the three months ended June 30, 2021 was approximately $3.9 million (or 20% of revenues), compared to $5.1 million (or 9% of revenues) in 2020, driven by higher margin managed services revenue[102] - Cost of revenues for the six months ended June 30, 2021 was approximately $31.9 million (or 79% of revenues), down from $84.4 million (or 89% of revenues) in 2020[112] - Sales and marketing expenses for the three months ended June 30, 2021 were approximately $0.5 million (or 3% of revenues), an increase from $0.4 million (or 1% of revenues) in 2020[104] - General and administrative expenses for the six months ended June 30, 2021 were approximately $6.6 million (or 16% of revenues), down from $7.2 million (or 8% of revenues) in 2020[115] Cash Flow and Capital Management - For the six months ended June 30, 2021, net cash used in operations was approximately $0.4 million, a decrease from approximately $1.6 million net cash provided for the same period in 2020[126] - Cash used in investing activities for the six months ended June 30, 2021, was approximately $1.3 million, primarily for computer hardware and software purchases and capitalized internally developed software costs[128] - Cash provided by financing activities for the six months ended June 30, 2021, was approximately $654,700, reflecting proceeds from the issuance of common stock through ATM sales of $1.1 million[131] - The company sold 100,687 shares under the ATM program during the six months ended June 30, 2021, with a remaining capacity of $18.6 million as of June 30, 2021[122] - The company may need to raise additional capital to fund major growth initiatives and/or acquisitions, with no assurance that additional capital will be available on acceptable terms[121] Foreign Exchange and Inflation - The gradual depreciation of the Euro relative to the US dollar decreased the translated value of the company's foreign cash balances by approximately $42,800 for the six months ended June 30, 2021[133] - Management believes inflation has not materially affected operations to date, but there may be inflationary pressures in the future due to the pandemic[134] Internal Controls - There were no changes in the company's internal control over financial reporting during the three-month period ended June 30, 2021, that materially affected internal controls[139] Strategic Initiatives - The company aims to expand its critical mass to fund investments in technology solutions and introduce new sales and marketing initiatives to improve sustainability and growth[94]

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, 2021 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 ...

WidePoint Corporation (NYSE:WYY) Q4 2020 Earnings Conference Call March 23, 2021 4:30 PM ET Company Participants Jin Kang - President and Chief Executive Officer Jason Holloway - Executive Vice President and Chief Sales and Marketing Officer Kellie Kim - Executive Vice President and Chief Financial Officer Conference Call Participants Aman Gulani - B. Riley Barry Sine - Spartan Capital Securities Operator Good afternoon. Welcome to WidePoint’s Fourth Quarter and Full Year 2020 Earnings Conference Call. My n ...

Financial Performance - Revenues for the year ended December 31, 2020 were approximately $180.3 million, an increase of approximately $78.6 million (or 77%) compared to $101.7 million in 2019[200]. - Gross profit for the year ended December 31, 2020 was approximately $20.4 million (or 11% of revenues), compared to approximately $17.4 million (or 17% of revenues) in 2019[206]. - Net income for the year ended December 31, 2020 increased to approximately $10.3 million, compared to a net income of approximately $0.2 million in 2019[216]. - Net working capital at December 31, 2020 was approximately $13.0 million, up from $5.0 million at December 31, 2019, driven by increased revenue and proceeds from the ATM sales program[219]. - Cash provided by operating activities for the year ended December 31, 2020 was approximately $6.4 million, driven by increased accounts receivable and temporary payable timing differences[224]. - Cash used in investing activities for the year ended December 31, 2020 was approximately $1.2 million, primarily for computer hardware and software purchases and capitalized internally developed software costs[226]. - Cash used in financing activities for the year ended December 31, 2020 was approximately $3.7 million, consisting of lease principal repayments and proceeds from the ATM sales program[229]. Revenue Recognition and Accounting - The company recognizes revenue from managed services upon completion of monthly service delivery based on user or device counts[177]. - The company’s revenue recognition policies for managed services are sensitive to significant changes in per user or device counts, which form the basis for monthly charges[177]. - The company has a single reporting unit for the purpose of goodwill impairment testing, which is assessed annually[180]. - The company reported approximately $18.5 million in goodwill as of December 31, 2020, with no impairment identified[184]. - The company recorded net provisions for bad debt expense totaling approximately $1,000 related to commercial contracts during the year ended December 31, 2020[188]. Strategic Initiatives - The company aims to expand its customer base and sales pipeline while leveraging strategic relationships with key system integrators and partners to capture additional market share[165]. - The company plans to pursue additional opportunities with key systems integrators and strategic partners to enhance its market position[167]. - The company is focused on improving its proprietary platform and products, including pursuing FedRAMP certification for ITMS™[167]. - The company’s strategic focus includes selling high-margin managed services and developing innovative new offerings to enhance its TM2 offering[167]. - The company intends to transition its data center and support infrastructure into a more cost-effective and federally approved cloud environment[167]. Capital and Financing - The company established an ATM equity sales program allowing the sale of up to $24.0 million of common stock, with remaining capacity of $20.0 million as of December 31, 2020[220]. - The company may need to raise additional capital to fund major growth initiatives and/or acquisitions, with no assurance that additional capital will be available on acceptable terms[219]. - The Company has no existing off-balance sheet arrangements as defined under SEC regulations[238]. - Not required for smaller reporting companies to disclose quantitative and qualitative disclosures about market risk[239]. Revenue Sources - Carrier services revenue increased primarily due to the U.S. Department of Commerce contract supporting the 2020 Census, accounting for approximately 61% of total carrier services revenue in 2020[201].