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 ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 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 52-2040275 (State or other jurisdiction of (I.R.S. employer incorporation or organization) identification no.) Form 10-Q ☒ QUARTERLY REPORT PURSUANT TO S ...

WidePoint Corporation (NYSE:WYY) Q4 2021 Earnings Conference Call March 28, 2022 4:30 PM ET Company Participants Jin Kang - Chief Executive Officer and President Jason Holloway - EVP, Chief Sales & Marketing Officer and President of WidePoint Cybersecurity Solutions Corporation Kellie Kim - Chief Financial Officer Conference Call Participants Barry Sine - Spartan Capital Operator Good afternoon. Welcome to WidePoint's Fourth Quarter 2021 Earnings Conference Call. My name is Katherine, and I will be your op ...

For the Fiscal Year Ended December 31, 2021 or ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from __________________ to ___________________ UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Form 10-K ☒ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 Commission File Number: 001-33035 WidePoint Corporation (Exact name of Registrant as specified in its charter) (State or other juris ...

Financial Data and Key Metrics Changes - For Q3 2021, revenue was $22.3 million, down from $57.5 million in the same quarter last year, primarily due to the loss of carrier service revenues from the U.S. Department of Commerce contract [33] - For the nine months ended September 30, 2021, revenue decreased to $62.9 million from $152 million in the same period last year, driven by the wind-down of the Census project and lower accessory sales [34] - Gross profit for Q3 2021 was $3.7 million, a 35% decrease from $5.6 million in Q3 2020, while gross margin improved to 16.5% from 9.8% [35] - GAAP net income for Q3 2021 was $535,000 or $0.06 per diluted share, down from $1.1 million or $0.13 per diluted share in Q3 2020 [39] - Cash at the end of the quarter was $18.1 million, with a current ratio of approximately 1.6 compared to 1.2 at the end of 2020 [41] Business Line Data and Key Metrics Changes - The Identity Management, Managed Mobility Services, and Telecom Lifecycle Management secured over $16.8 million in contract awards, although results were partially impacted by unexpected events [21] - The company is enhancing its Identity Management Solution and investing in a new commercial certificate authority to increase capabilities in the commercial market [13] Market Data and Key Metrics Changes - The company is focusing on K-12 educational institutions and the beverage production vertical, recognizing significant opportunities due to increased cybersecurity needs [22][25] - The acquisition of IT Authorities (ITA) is expected to strengthen the company's position in various growth markets and enhance its customer base [10] Company Strategy and Development Direction - The company aims to continue its strategy for profitable growth through both organic and inorganic means, with a focus on acquiring stable and profitable companies [46][47] - The management is cautious about the current acquisition environment, noting that many companies are demanding high multiples [46] Management's Comments on Operating Environment and Future Outlook - The management acknowledged macroeconomic headwinds, including supply chain disruptions and federal budget uncertainties, which have delayed several opportunities [7][8] - Despite challenges, the management remains optimistic about future growth and the ability to capitalize on near-term opportunities [52] Other Important Information - The company has initiated a share repurchase program, increasing the amount available for future purchases to $4.6 million [48] - CFO Kellie Kim announced her retirement, effective early next year, and will assist as a consultant post-retirement [43][51] Q&A Session Summary Question: How did the ITA acquisition affect your EBITDA? - ITA was acquired on October 1, so the financial results do not reflect any contribution from ITA for Q3, but a small contribution is expected in Q4 [54] Question: Do you intend to make additional acquisitions? - The company is focused on finding quality companies that are immediately accretive and is currently reviewing various acquisition opportunities [55] Question: What are the sizes of opportunities in new vertical markets? - The K-12 sector represents a large opportunity due to its status as a major employer, and the beverage industry also presents significant potential [56][60]

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, 2021 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 ...

WidePoint Corporation (NYSE:WYY) Q2 2021 Results Conference Call August 16, 2021 4:30 PM ET Company Participants Jin Kang – Chief Executive Officer Jason Holloway – Executive Vice President and Chief Sales and Marketing Officer Kellie Kim – Executive Vice President and CFO Conference Call Participants Barry Sine – Spartan Capital Securities Operator Good afternoon. Welcome to WidePoint 's Second Quarter 2021 Earnings Conference Call. My name is Rich, and I will be your Operator for today's call. Joining us ...

Financial Performance - Revenues for the three months ended June 30, 2021 were approximately $20.0 million, a decrease of approximately $34.8 million (or 64%) compared to $54.8 million in 2020[99] - Carrier services revenue decreased to $11.9 million from $44.9 million, a decline of $33.0 million, primarily due to the completion of the U.S. Department of Commerce contract supporting the 2020 Census[99] - For the six months ended June 30, 2021, revenues were approximately $40.6 million, a decrease of approximately $53.8 million (or 57%) compared to $94.4 million in 2020[109] - Net loss for the three months ended June 30, 2021 was approximately $(204,700), compared to net income of approximately $488,600 in the same period last year[107] Profitability and Expenses - Gross profit for the three months ended June 30, 2021 was approximately $3.9 million (or 20% of revenues), compared to $5.1 million (or 9% of revenues) in 2020, driven by higher margin managed services revenue[102] - Cost of revenues for the six months ended June 30, 2021 was approximately $31.9 million (or 79% of revenues), down from $84.4 million (or 89% of revenues) in 2020[112] - Sales and marketing expenses for the three months ended June 30, 2021 were approximately $0.5 million (or 3% of revenues), an increase from $0.4 million (or 1% of revenues) in 2020[104] - General and administrative expenses for the six months ended June 30, 2021 were approximately $6.6 million (or 16% of revenues), down from $7.2 million (or 8% of revenues) in 2020[115] Cash Flow and Capital Management - For the six months ended June 30, 2021, net cash used in operations was approximately $0.4 million, a decrease from approximately $1.6 million net cash provided for the same period in 2020[126] - Cash used in investing activities for the six months ended June 30, 2021, was approximately $1.3 million, primarily for computer hardware and software purchases and capitalized internally developed software costs[128] - Cash provided by financing activities for the six months ended June 30, 2021, was approximately $654,700, reflecting proceeds from the issuance of common stock through ATM sales of $1.1 million[131] - The company sold 100,687 shares under the ATM program during the six months ended June 30, 2021, with a remaining capacity of $18.6 million as of June 30, 2021[122] - The company may need to raise additional capital to fund major growth initiatives and/or acquisitions, with no assurance that additional capital will be available on acceptable terms[121] Foreign Exchange and Inflation - The gradual depreciation of the Euro relative to the US dollar decreased the translated value of the company's foreign cash balances by approximately $42,800 for the six months ended June 30, 2021[133] - Management believes inflation has not materially affected operations to date, but there may be inflationary pressures in the future due to the pandemic[134] Internal Controls - There were no changes in the company's internal control over financial reporting during the three-month period ended June 30, 2021, that materially affected internal controls[139] Strategic Initiatives - The company aims to expand its critical mass to fund investments in technology solutions and introduce new sales and marketing initiatives to improve sustainability and growth[94]

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, 2021 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 Corporation (NYSE:WYY) Q4 2020 Earnings Conference Call March 23, 2021 4:30 PM ET Company Participants Jin Kang - President and Chief Executive Officer Jason Holloway - Executive Vice President and Chief Sales and Marketing Officer Kellie Kim - Executive Vice President and Chief Financial Officer Conference Call Participants Aman Gulani - B. Riley Barry Sine - Spartan Capital Securities Operator Good afternoon. Welcome to WidePoint’s Fourth Quarter and Full Year 2020 Earnings Conference Call. My n ...