WidePoint Raises Guidance for Full Year 2019
WidePoint Corporation (WYY)
NASDAQ:AMEX Investor Relations:
widepoint.com/investor-relations
Company Research
Source: GlobeNewswire
FAIRFAX, Va., Dec. 09, 2019 (GLOBE NEWSWIRE) -- WidePoint Corporation (NYSE American: WYY), the leading provider of Trusted Mobility Management (TM2) specializing in Telecommunications Lifecycle Management, Identity Management and Digital Billing & Analytics solutions, has raised its revenue and adjusted EBITDA guidance for the full year ending December 31, 2019. Subsequent to WidePoint’s third quarter 2019 earnings call held on November 14, 2019, the federal government definitized its budget for the end of 2019. As a result of additional insights gained from the updated budget, WidePoint now anticipates revenues for its full year 2019 to be $95M (previously a range of $90.0 million to $93.0 million) and adjusted EBTIDA to be $3.5M (previously a range of 2.75 million to $3.5 million). The company’s new guidance represents an increase in revenues of 14% and an increase in adjusted EBITDA of 94% compared to 2018. “With the clarity we recently gleaned from the federal government’s b
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