WidePoint Corp Reports Q1 2025 Financial Results
WidePoint Corp (NYSE American: WYY), a technology solution and service provider based in McLean, Virginia, has released its financial results for the first quarter of 2025. The company, which specializes in IT services for both government and commercial markets, reported a GAAP earnings per share (EPS) of -$0.08, missing expectations by $0.07. Revenue for the quarter was $34.22 million, falling short of projections by $4.34 million.
Despite the earnings miss, WidePoint highlighted several operational achievements. The company reported its 31st consecutive quarter of positive Adjusted EBITDA and its 6th consecutive quarter of positive free cash flow. These metrics underscore the company’s ongoing operational efficiency and financial health.
In terms of business developments, WidePoint announced the awarding of three Task Orders under the Spiral 4 Contract Vehicle. Notably, this includes a $2.5 million Task Order with a combat support agency within the U.S. Department of Defense. Additionally, the company achieved FedRAMP Authorization, further solidifying its credentials in cybersecurity and IT consulting services.
WidePoint Corp is listed on the New York Stock Exchange and had its initial public offering in 1998. The company’s offerings include wireless expense management, cybersecurity solutions, identity assurance, credential issuance, and public key infrastructure technology. For more information, interested parties can visit WidePoint’s website at www.widepoint.com .
The company will host a conference call at 4:30 PM ET on May 15, 2025, to discuss the Q1 2025 earnings results in more detail. This call will provide an opportunity for investors and analysts to gain further insights into the company’s performance and strategic direction.
As of May 13, 2025, WidePoint’s stock closed at $6, with a 52-week high of $6.25 on December 8, 2024, and a 52-week low of $2.19 on April 7, 2025. The company’s market capitalization stands at approximately $42,069,438 USD.