WidePoint 8/14/2024 Earnings Report

WidePoint EPS Results

• Actual EPS: -$0.05
• Consensus EPS: -$0.08
• Beat/Miss: Beat by +$0.03
• One Year Ago EPS: N/A

WidePoint Revenue Results

• Actual Revenue: $36.04 million
• Expected Revenue: $29.64 million
• Beat/Miss: Beat by +$6.40 million
• YoY Revenue Growth: N/A

WidePoint Announcement Details

• Date: 8/14/2024
• Time: After Market Closes

WidePoint (NYSEAMERICAN:WYY) provides technology management as a service (TMaaS) to the government and business enterprises in North America and Europe. It offers TMaaS solutions through a secure federal government certified proprietary portal and secure enterprise portal that provides ability to manage, analyze, and protect communications assets, as well as deploys identity management solutions that provides secured virtual and physical access to restricted environments. The company's solutions includes telecom lifecycle management that provides customers a full visibility of its telecom assets; and mobile and identity management, a multifactor authentication solution to conduct business through a secure portals, as well as mobile security solutions that protects users, devices, and corporate resources, including effective mobile program policies. It also offers digital billing and analytics solutions to large communications service providers that enables its customers to view and analyze the bills online. In addition, the company provides IT as a service, including cybersecurity, cloud services, network operations, and professional services; outsourcing solution; development operations support, artificial intelligence implementation, and the Microsoft stack of technologies; and migration to the cloud services. WidePoint Corporation was founded in 1991 and is headquartered in Fairfax, Virginia.