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Widepoint (WYY)
:WYY
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Earnings Data
Report Date
Apr 01, 2025TBA Not Confirmed
Period Ending
2024 (Q4)Consensus EPS Forecast
-0.1Last 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:Nov 14, 2018
|% Change Since: -1.99%
|Next Earnings Date:Aug 14, 2018
Earnings Call Sentiment|Positive
The earnings call reflected strong financial performance with significant revenue growth, improved adjusted EBITDA, and positive free cash flow. The successful introduction of MobileAnchor and progress in FedRAMP authorization are notable achievements. However, the company still faces challenges with net losses and decreased billable services fees over nine months. Overall, the highlights significantly outweigh the lowlights.Company Guidance
During WidePoint's third-quarter 2024 earnings call, the company reported a 35% year-over-year increase in both quarterly and nine-month revenues, reaching $34.6 million and $104.9 million, respectively. The adjusted EBITDA for the quarter was $574,000, marking a 149% increase compared to the same period last year, with a nine-month figure of $1.9 million. Free cash flow grew by 120% to $511,000 for the quarter. WidePoint highlighted the successful development and demand for its MobileAnchor derived Digital Credential Solution, securing two new contracts in the quarter. The company's gross margin, excluding carrier services, improved to 38% from 35% last year. Additionally, WidePoint's contract backlog stood at $300 million, and it is optimistic about achieving the higher end of its guidance for the year, with expected revenues between $120 million and $133 million, adjusted EBITDA between $2.1 million and $2.4 million, and free cash flow between $2 million and $2.3 million. The company also anticipates a positive impact from federal market opportunities, including pending FedRAMP authorization and major contracts like the $60 billion NASA SEWP VI.Record-Breaking Revenue Growth
Third-quarter revenues reached $34.6 million, a 35% increase from $25.7 million in the same period last year. Nine-month revenues were $104.9 million, also a 35% increase from $77.8 million in the previous year.
Significant Increase in Adjusted EBITDA
Adjusted EBITDA for the quarter improved by 149% to $574,000, with a nine-month figure of $1.9 million, up from $387,000 in the prior year.
Introduction and Success of MobileAnchor
WidePoint launched its MobileAnchor product, signing two new contracts in Q3 and positioning itself as a leader in secure identity management solutions.
Positive Free Cash Flow
Free cash flow grew by 120% to $511,000 for the quarter, with nine-month results improving 394% to $1.9 million.
FedRAMP Authorization Progress
FedRAMP status moved to the in-process finalization phase, enhancing WidePoint's competitive position for major contracts.
High Gross Margin Improvement
Gross margin, excluding carrier services, increased to 38% compared to 35% last year.
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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 |
|---|---|---|---|
| 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% |
| Mar 26, 2024 | $2.61 | $2.55 | -2.30% |
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 (WYY) report earnings?
Widepoint (WYY) is schdueled to report earning on Apr 01, 2025, TBA Not Confirmed.
What is Widepoint (WYY) earnings time?
Widepoint (WYY) earnings time is at Apr 01, 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?
WYY EPS forecast for the fiscal quarter 2024 (Q4) is -0.1.
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