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WidePoint(WYY) - 2023 Q2 - Quarterly Report
2023-08-14 20:08
UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Form 10-Q ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15 (d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended June 30, 2023 or ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from __________________ to ___________________ Commission File Number: 001-33035 WidePoint Corporation (Exact name of Registrant as specified in its charter) Delaware 52-2040 ...
WidePoint(WYY) - 2023 Q1 - Earnings Call Transcript
2023-05-16 00:03
Financial Data and Key Metrics Changes - In Q1 2023, the company's revenue was $25.3 million, an increase of $2.8 million or 13% from $22.5 million in the same period last year [16] - GAAP net loss for Q1 2023 was $950,000 or $0.11 per diluted share, compared to a net loss of $393,000 or $0.04 per diluted share in the same period last year [21] - Adjusted EBITDA for Q1 2023 was $20,000, down from $344,000 in the same period last year [21] Business Line Data and Key Metrics Changes - Carrier services revenue increased to $13.6 million, up approximately $700,000 from $12.9 million in Q1 2022, primarily due to a federal government client increasing phone lines managed by 75% [17] - Managed services revenue remained consistent at $8.1 million, while billable services fees revenue was $8.4 million, also consistent with the previous year [18] - Reselling and other services revenue rose to $3.6 million, an increase of $2.5 million from $1.1 million in the same period last year, driven by the resale of text capture capabilities to federal clients [18] Market Data and Key Metrics Changes - The company has signed three key deals with CSG International, contributing significantly to revenue growth [5][6] - The company is experiencing increased traction in the federal government sector, particularly in text capture capabilities for archival purposes [6] Company Strategy and Development Direction - The company is focusing on inorganic growth through M&A opportunities and is evaluating potential candidates with the help of investment banks [23][24] - Continued investment in technology infrastructure is aimed at capturing new opportunities, including the launch of Unified Communication Analytics solutions [9] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in achieving a cash flow positive status by the end of the year, driven by sales and marketing efforts and client retention [25][26] - The company expects revenues for the full year to range between $103 million and $108 million, with a GAAP net loss projected between $2.8 million and $3.2 million [25] Other Important Information - The company has achieved its 23rd consecutive quarter of being EBITDA positive [16] - The current ratio at the end of Q1 2023 was 1.1:1, with cash decreasing to $4.6 million from $7.5 million at the end of 2022 due to billing delays [22] Q&A Session Summary Question: If the debt limit problem is not solved, are there funds available to pay WidePoint? - Management believes that funds have been obligated to contracts, and they expect to be paid for services rendered, despite potential delays in payments if the government shuts down [28][29]
WidePoint(WYY) - 2023 Q1 - Quarterly Report
2023-05-15 20:11
UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Form 10-Q ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15 (d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended March 31, 2023 or ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from __________________ to ___________________ Commission File Number: 001-33035 WidePoint Corporation (Exact name of Registrant as specified in its charter) Delaware 52-204 ...
WidePoint(WYY) - 2022 Q4 - Annual Report
2023-03-31 00:47
UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 WidePoint Corporation (Exact name of Registrant as specified in its charter) (State or other jurisdiction of (I.R.S. Employer incorporation or organization) Identification No.) Form 10-K ☒ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the Fiscal Year Ended December 31, 2022 or ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period fr ...
WidePoint(WYY) - 2022 Q4 - Earnings Call Transcript
2023-03-28 03:00
WidePoint Corporation (NYSE:WYY) Q4 2022 Earnings Conference Call March 27, 2023 4:30 PM ET Company Participants Jin Kang - Chief Executive Officer & President Jason Holloway - Chief Revenue Officer Robert George - Chief Financial Officer Conference Call Participants Scott Buck - H.C. Wainwright Operator Good afternoon. Welcome to WidePoint's Fourth Quarter and Full Year 2022 Earnings Conference Call. My name is Matthew and I'll be your operator for today's call. Joining us for today's presentation are Wide ...
WidePoint(WYY) - 2022 Q3 - Earnings Call Transcript
2022-11-15 02:07
WidePoint Corporation (NYSE:WYY) Q3 2022 Earnings Conference Call November 14, 2022 4:30 PM ET Company Participants Jin Kang - Chief Executive Officer & President Jason Holloway - Chief Revenue Officer Robert George - Chief Financial Officer Conference Call Participants Operator Good afternoon. Welcome to WidePoint's Third Quarter 2022 Earnings Conference Call. My name is Matthew, and I will be your operator for today's call. Joining us for today's presentation are WidePoint's President and CEO, Jin Kang; C ...
WidePoint(WYY) - 2022 Q3 - Quarterly Report
2022-11-14 21:08
UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Form 10-Q ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15 (d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended September 30, 2022 or (State or other jurisdiction of (I.R.S. employer incorporation or organization) identification no.) 11250 Waples Mill Road, South Tower 210, Fairfax, Virginia (Address of principal executive of ices) (Zip Code) (703) 349-2577 ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE S ...
WidePoint(WYY) - 2022 Q2 - Earnings Call Transcript
2022-08-16 02:43
WidePoint Corporation (NYSE:WYY) Q2 2022 Earnings Conference Call August 15, 2022 4:30 PM ET Company Participants Jin Kang - President and CEO Robert George - CFO Jason Holloway - EVP and Chief Sales & Marketing Officer Conference Call Participants Barry Sine - Spartan Capital Securities Operator Good afternoon. Welcome to WidePoint’s Second Quarter 2022 Earnings Conference Call. My name is Mathew and l will be your operator for today’s call. Joining us for today’s presentation are WidePoint’s President and ...
WidePoint(WYY) - 2022 Q2 - Quarterly Report
2022-08-15 19:55
UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Form 10-Q ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15 (d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended June 30, 2022 or ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from __________________ to ___________________ Commission File Number: 001-33035 WidePoint Corporation (Exact name of Registrant as specified in its charter) Delaware 52-2040 ...
WidePoint(WYY) - 2022 Q1 - Earnings Call Transcript
2022-05-16 23:02
WidePoint Corporation (NYSE:WYY) Q1 2022 Earnings Conference Call May 16, 2022 4:30 PM ET Company Participants Jin Kang – President and Chief Executive Officer Robert George – Chief Financial Officer Jason Holloway – Executive Vice President and Chief Sales & Marketing Officer Conference Call Participants Barry Sine – Spartan Capital Securities Operator Good afternoon. Welcome to WidePoint's First Quarter 2022 Earnings Conference Call. My name is Holly and l will be your operator for today's call. Joining u ...