WidePoint WYY Reports First Quarter 2024 Financial Results [Yahoo! Finance]
WidePoint Corporation (WYY)
NASDAQ:AMEX Investor Relations:
widepoint.com/investor-relations
Company Research
Source: Yahoo! Finance
First Quarter 2024 and Recent Operational Highlights: Selected by the U.S. Navy as one of seven contractors for the 10-Year, $2.7 billion Spiral 4 contract Awarded more than 18 contractual actions resulting in approximately $22.7 million in contract value in Q1 2024 Awarded a 3-year contract valued at over $1.4 million from a major Florida attraction and research center to provide managed IT cyber services th consecutive quarter of positive Adjusted EBITDA Second consecutive quarter ending free cash flow positive First Quarter 2024 Financial Highlights: Revenues were $34.2 million, a 35% increase from the same quarter last year Gross margin was 14%, and gross margin excluding carrier services revenue was 31% Net loss totaled $0.7 million, or a loss of $(0.07) per diluted share Adjusted EBITDA, a non-GAAP financial measure, was $573,000 Free cashflow was $566,000 As of March 31, 2024, cash was $5.3 million with no bank debt Management Commentary "We've carr
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News
- WidePoint Awarded $254 Million Ceiling Increase in U.S. Department of Homeland Security Cellular Wireless Managed Services 2.0 IDIQ Contract [Yahoo! Finance]Yahoo! Finance
- WidePoint Awarded $254 Million Ceiling Increase in U.S. Department of Homeland Security Cellular Wireless Managed Services 2.0 IDIQ ContractAccesswire
- WidePoint WYY Reports First Quarter 2024 Financial ResultsAccesswire
- WidePoint Selected by the U.S. Navy for the 10-Year, $2.7 Billion Spiral 4 Contract [Yahoo! Finance]Yahoo! Finance
- WidePoint Selected by the U.S. Navy for the 10-Year, $2.7 Billion Spiral 4 ContractAccesswire
WYY
Sec Filings
- 6/25/24 - Form 8-K
- 6/18/24 - Form 8-K
- 5/20/24 - Form 8-K
- WYY's page on the SEC website