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Widepoint Corp. (WYY)
:WYY
Earnings Data
Report Date
May 19, 2025TBA Not Confirmed
Period Ending
2025 (Q1)Consensus EPS Forecast
―Last Year’s EPS
-0.07Same Quarter Last Year
Moderate Buy
Based on 1 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Apr 16, 2025
|% Change Since: 62.36%
|Next Earnings Date:May 19, 2025
Earnings Call Sentiment|Positive
WidePoint demonstrated strong growth in revenue and contract acquisition while achieving significant milestones like FedRAMP authorization. Despite a net loss and some operational delays, the company's advancements in new products and consistent cash flow highlight positive momentum.Company Guidance
In WidePoint's fourth quarter and full year 2024 earnings call, the company reported a significant revenue increase, achieving approximately $142.6 million, a 35% rise from 2023, surpassing their revenue guidance. They also exceeded their adjusted EBITDA and free cash flow targets, with $2.6 million in adjusted EBITDA and $2.5 million in free cash flow, marking the 30th consecutive quarter of positive adjusted EBITDA and the fifth consecutive quarter of positive free cash flow. WidePoint secured $51.2 million in total contract value, including $45.6 million from federal agencies and $5.6 million from commercial organizations. The company's contract backlog stood at approximately $290 million at the end of 2024, not including a recent $25 million task order from the US Navy Spiral 4 contract. Additionally, WidePoint achieved FedRAMP authorized status for its Intelligent Technology Management System (ITMS), enhancing its market position and contract opportunities with federal agencies.Record Revenue Growth
WidePoint reported $142.6 million in revenue for 2024, a 35% increase compared to 2023. This exceeded their revenue guidance and highlighted the company's strong financial performance.
New Contract Secured
Secured $51.2 million in total contract value, with $45.6 million awarded by federal agencies and $5.6 million from commercial organizations.
FedRAMP Authorized Status
Achieved FedRAMP authorized status for their Intelligent Technology Management System, marking a major milestone in security and innovation.
Consistent Positive Cash Flow
Reported their 30th consecutive quarter of positive adjusted EBITDA and fifth consecutive quarter of being free cash flow positive.
Launch of New Solutions
Launched MobileAnchor and M365 Analyzer solutions, which have already secured contracts with federal defense and civilian agencies.
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WYY Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
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WYY Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Apr 16, 2025 | $2.63 | $2.87 | +9.13% |
| Nov 13, 2024 | $4.03 | $3.75 | -6.95% |
| Aug 14, 2024 | $3.53 | $3.87 | +9.63% |
| May 15, 2024 | $2.58 | $2.64 | +2.33% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
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FAQ
When does Widepoint Corp. (WYY) report earnings?
Widepoint Corp. (WYY) is schdueled to report earning on May 19, 2025, TBA Not Confirmed.
What is Widepoint Corp. (WYY) earnings time?
Widepoint Corp. (WYY) earnings time is at May 19, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is WYY EPS forecast?
Currently, no data Available
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