WIDEPOINT CORP WYY
We are a leading provider of Technology Management as a Service (TMaaS) that consists of federally certified communications management, and identity management. We also provide interactive bill presentment and analytics, and Information Technology as a Service Solutions (ITaaS). We help our clients achieve their organizational missions for mobility management, information technology management, and cybersecurity objectives in this challenging and complex business environment.
We offer our TMaaS solutions through a flexible "As-a-Service" model or XaaS which includes both a scalable and comprehensive set of functional capabilities that can be used by any customer to meet the most common functional, technical and security requirements for mobility management. Our TMaaS solutions were designed and implemented with flexibility in mind such that it can accommodate a large variety of customer requirements through simple configuration settings rather than through costly software development. The flexibility of our TMaaS solutions enables our customers to be able to quickly expand or contract their mobility management requirements. Our TMaaS solutions are hosted and accessible on-demand through both a secure federal government certified proprietary portal and/or through a secure enterprise portal that provides our customers with the ability to manage, analyze and protect their valuable communications assets, and deploy identity management solutions that provide secured virtual and physical access to restricted environments.
Valuation FY2025 figures against the last close
Where the revenue comes from as reported in the latest 10-K
Revenue by geography
- United States
- Europe
| Region | FY2025 | FY2024 |
|---|---|---|
| United States | $146.3M | $138.5M |
| Europe | $4.2M | $4.1M |
As the company reported it, from the “Revenue by Service Type Customer Type and by Geographic Region (Details 2)” note of its latest 10-K. Every figure here has been checked against the total revenue the same filing reported. Regions are the filer's own and are not mapped onto a standard list — one company's “Americas” and another's “United States” are different areas, and making them look comparable would mean making at least one of them wrong. Slices under 1% are folded into “Other”.
Revenue by segment
- Carrier Services
- Managed Services
| Segment | FY2025 | FY2024 |
|---|---|---|
| Carrier Services | $91.9M | $86.8M |
| Managed Services | $58.7M | $55.8M |
As the company reported it, from the “Revenue by Service Type Customer Type and by Geographic Region (Details)” note of its latest 10-K. Every figure here has been checked against the total revenue the same filing reported. Segments are the filer's own reporting structure, which is a decision about how it runs itself rather than a standard taxonomy: two companies in the same industry routinely divide themselves along different lines, so these are worth reading down a single company rather than across two. Slices under 1% are folded into “Other”.
Annual financial statements
Income statement
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $150.5M | $142.6M | $106.0M | $94.1M | $87.3M | $180.3M | $101.7M | $83.7M | $75.9M | $78.4M |
| Cost of revenue | $129.5M | $123.6M | $90.4M | $79.5M | $71.0M | $159.9M | $84.3M | $68.4M | $62.2M | — |
| Gross profit | $21.0M | $19.0M | $15.6M | $14.6M | $16.4M | $20.5M | $17.4M | $15.3M | $13.7M | $14.0M |
| R&D | — | — | — | — | — | — | — | $0 | $219.1K | $699.0K |
| SG&A | $19.7M | $17.6M | $15.9M | $14.7M | $12.7M | $14.3M | $13.8M | $13.3M | $14.4M | $14.4M |
| Total operating expenses | $23.8M | $20.9M | $19.3M | $34.2M | $15.8M | $17.2M | $16.5M | $15.5M | $17.2M | $18.2M |
| Operating income | -$2.8M | -$1.9M | -$3.7M | -$19.6M | $607.6K | $3.2M | $885.3K | -$190.4K | -$3.5M | -$4.2M |
| Interest expense | $202.4K | $242.8K | $239.5K | $259.6K | $273.2K | $302.9K | $310.6K | $79.5K | $52.2K | $72.2K |
| Pre-tax income | -$2.7M | -$1.9M | -$3.9M | -$18.5M | $640.4K | -$7.4M | $618.9K | -$263.1K | -$3.5M | -$4.2M |
| Income tax | $97.7K | $3.8K | $133.2K | $5.1M | $640.4K | $2.9M | $392.6K | $1.2M | $38.0K | $73.4K |
| Net income | -$2.8M | -$1.9M | -$4.0M | -$23.6M | $341.1K | $10.3M | $226.3K | -$1.5M | -$3.5M | -$4.1M |
| EPS, basic | — | — | — | -2.70 | 0.04 | 1.22 | 0.03 | -0.02 | -0.04 | -0.05 |
| EPS, diluted | -0.28 | -0.21 | -0.46 | -2.70 | 0.04 | 1.20 | 0.03 | -0.02 | -0.04 | -0.05 |
| Shares, diluted (wtd. avg.) | 9.7M | 9.3M | 8.8M | 8.7M | 9.2M | 8.6M | 8.4M | 83.3M | 82.9M | 82.7M |
Balance sheet
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash and equivalents | $9.8M | $6.8M | $6.9M | $7.5M | $6.5M | $16.0M | $6.9M | $2.4M | $5.3M | $9.1M |
| Receivables | $15.0M | $11.9M | $8.2M | $9.3M | $12.5M | $35.9M | $14.6M | $11.1M | $8.1M | $5.2M |
| Inventory | $682.0K | $312.4K | $366.1K | $222.3K | $590.1K | $991.0K | $213.7K | $183.9K | $157.1K | $123.3K |
| Total current assets | $66.2M | $55.3M | $32.8M | $28.0M | $33.1M | $67.5M | $36.5M | $24.2M | $22.3M | $22.9M |
| Property, plant and equipment | $480.1K | $544.7K | $780.8K | $978.2K | $841.1K | $573.0K | $681.6K | $1.0M | $1.3M | $736.7K |
| Goodwill | $5.8M | $5.8M | $5.8M | $5.8M | $22.1M | $18.6M | $18.6M | $18.6M | $18.6M | $18.6M |
| Other intangibles | $3.4M | $5.1M | $7.3M | $7.4M | $6.2M | $2.2M | $2.5M | $3.1M | $3.7M | $4.3M |
| Total assets | $79.8M | $71.6M | $51.3M | $49.0M | $75.5M | $101.3M | $64.3M | $47.1M | $45.9M | $47.2M |
| Accounts payable | $25.9M | $16.5M | $12.6M | $12.5M | $10.3M | $36.2M | $13.6M | $7.4M | $7.3M | $8.7M |
| Short-term debt | — | — | — | — | — | — | — | $107.3K | $101.6K | $94.9K |
| Total current liabilities | $63.9M | $52.9M | $31.5M | $26.1M | $26.0M | $54.4M | $31.5M | $20.5M | $19.7M | $18.0M |
| Long-term debt | — | — | — | — | — | — | — | $122.0K | $232.1K | $0 |
| Total liabilities | $68.3M | $58.0M | $36.6M | $31.3M | $33.8M | $60.8M | $39.4M | $22.6M | $20.7M | $18.9M |
| Retained earnings | -$91.8M | -$89.1M | -$87.1M | -$83.1M | -$59.5M | -$59.9M | -$70.2M | -$70.4M | -$69.0M | -$65.4M |
| Total equity | $11.5M | $13.6M | $14.7M | $17.8M | $41.7M | $40.6M | $24.9M | $24.4M | $25.2M | $28.3M |
Cash flow
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating cash flow | $5.7M | $1.7M | $625.2K | $6.1M | -$1.2M | $6.4M | $5.9M | -$2.1M | -$3.0M | $2.7M |
| Depreciation and amortisation | $740.2K | $353.4K | $411.0K | $1.1M | $1.0M | $1.1M | $988.1K | $415.3K | $338.3K | $358.6K |
| Stock-based compensation | $770.2K | $1.2M | $961.0K | $528.6K | — | — | — | — | — | — |
| Capital expenditure | $237.4K | $117.9K | $208.2K | $245.0K | $258.2K | $254.4K | $370.3K | $261.5K | $695.6K | $274.7K |
| Investing cash flow | -$265.5K | $141.2K | -$621.0K | -$3.4M | -$7.4M | -$1.2M | -$516.5K | -$490.3K | -$773.0K | -$606.4K |
| Financing cash flow | -$719.9K | -$894.8K | -$590.2K | -$1.5M | -$705.7K | $3.7M | -$844.0K | -$157.7K | -$298.7K | -$881.7K |
| Buybacks | — | — | $0 | $818.2K | $8.0M | — | — | — | — | — |
Figures as tagged in each year's own filing, in US dollars. A year restated by a later filing shows the restated figure. Capital expenditure, dividends and buybacks are cash out, shown positive. A line the filer does not report is not listed. Latest from accession 0001654954-26-002749.
Plot the figures US dollars
- Revenue
- Gross profit
- Net income
| Fiscal year | FY2016 | FY2017 | FY2018 | FY2019 | FY2020 | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $78.4M | $75.9M | $83.7M | $101.7M | $180.3M | $87.3M | $94.1M | $106.0M | $142.6M | $150.5M |
| Gross profit | $14.0M | $13.7M | $15.3M | $17.4M | $20.5M | $16.4M | $14.6M | $15.6M | $19.0M | $21.0M |
| Net income | -$4.1M | -$3.5M | -$1.5M | $226.3K | $10.3M | $341.1K | -$23.6M | -$4.0M | -$1.9M | -$2.8M |
Recent filings and events
- Results announced The quarterly or annual earnings release. Arrives four times a year from almost every company here. Item 2.02
- Officer or director change Someone at the top arrived or left. The item covers everything from a board retirement to a chief executive being removed, and only the filing itself says which. Item 5.02
- Regulation FD disclosure Something the company told the market and had to tell everyone at once - usually a slide deck or a press release. Item 7.01
- Material agreement signed The company entered an agreement outside the ordinary course of business - a large contract, a credit facility, a merger agreement. Item 1.01
- Shareholder vote The results of the annual meeting or a special vote. Item 5.07
- Results announced Item 2.02
- Other event The catch-all. The company chose to disclose something that fits no other item, so the content is whatever it says it is. Item 8.01
- Material agreement signed Item 1.01
- Results announced Item 2.02
- Annual report filed A new 10-K. The figures and the business description on this site come from it. Form 10-K
- Results announced Item 2.02
- Regulation FD disclosure Item 7.01
Item numbers are Form 8-K's own, and a filing date is up to four business days after the thing it reports. The same feed across the whole market.
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