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Widepoint Corp. (WYY)
:WYY
Earnings Data
Report Date
Aug 18, 2025TBA Not Confirmed
Period Ending
2025 (Q2)Consensus EPS Forecast
0Last Year’s EPS
-0.05Same Quarter Last Year
Moderate Buy
Based on 1 Analysts Ratings
Earnings Call Summary
Earnings Call Date:May 15, 2025
|% Change Since: -43.21%
|Next Earnings Date:Aug 18, 2025
Earnings Call Sentiment|Neutral
The earnings call presented a mix of positive and negative aspects. Highlights include achieving FedRAMP authorization and strong revenue growth in carrier services, while lowlights include an accounting adjustment reducing revenues and a reported net loss. Despite challenges, the company shows momentum with new task orders and a positive outlook.Company Guidance
During WidePoint's first quarter 2025 earnings call, the company provided guidance for the fiscal year, forecasting revenue between $154 million and $163 million. The adjusted EBITDA is expected to range from $2.8 million to $3 million, while free cash flow is projected to be between $2.4 million and $2.6 million. WidePoint aims to achieve positive earnings per share for the year. The call also highlighted the company's strategic initiatives, such as strengthening partnerships, preparing for the DHS CWMS 3.0 recompete, and commercializing new solutions. The company addressed a one-time out-of-period accounting adjustment that reduced first-quarter revenue by $2.7 million, but assured it would not materially affect the full-year results.FedRAMP Authorized Status Achieved
WidePoint achieved FedRAMP authorized status for its ITMS solution, significantly increasing visibility and accessibility to federal agencies, expanding the pipeline of opportunities.
New Task Orders Under Spiral 4 Contract
WidePoint was awarded a new task order under the Spiral 4 contract with the Department of Defense, along with two additional task orders. This indicates growing momentum in the Spiral 4 contract.
Strong Carrier Services Revenue
Carrier services revenue increased by $3 million compared to the same period in 2024, driven by growth in the number of lines under management for the DHS customer.
Increase in Managed Services and Billable Services
Managed services fees and billable services fees increased by $564,000 and $591,000 respectively, compared to the same period last year.
Positive Adjusted EBITDA and Free Cash Flow
Adjusted EBITDA was $92,400 and free cash flow was $65,700, marking the 31st consecutive quarter of positive adjusted EBITDA and sixth consecutive quarter of positive free cash flow.
WYY Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
WYY Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
May 15, 2025 | $5.30 | $4.22 | -20.38% |
Apr 16, 2025 | $2.63 | $2.87 | +9.13% |
Nov 13, 2024 | $4.03 | $3.75 | -6.95% |
Aug 14, 2024 | $3.53 | $3.87 | +9.63% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
FAQ
When does Widepoint Corp. (WYY) report earnings?
Widepoint Corp. (WYY) is schdueled to report earning on Aug 18, 2025, TBA Not Confirmed.
What is Widepoint Corp. (WYY) earnings time?
Widepoint Corp. (WYY) earnings time is at Aug 18, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is WYY EPS forecast?
WYY EPS forecast for the fiscal quarter 2025 (Q2) is 0.