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
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.
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