WidePoint Corporation
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Range $9 – $9
Price Chart
About the company
WidePoint Corporation provides technology management as a service (TMaaS) to the government and business enterprises in the United States and Europe. It offers TMaaS solutions through a secure federal government certified proprietary portal and through a secure enterprise portal that provides customers with the ability to manage, analyze, and protect communications assets, as well as deploy identity management solutions that provide secured virtual and physical access to restricted environments. The company’s managed solutions include telecom lifecycle management that provides customers a full visibility of its telecom assets; and mobile and identity management, a multifactor authentication solution to conduct business through a secure portal, as well as mobile security solutions that protects users, devices, and corporate resources, including effective mobile program policies.
- CEO
- Jin Kang
- IPO
- 1998
- Employees
- 245
- HQ
- Fairfax, VA, US
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Similar companies
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- Market Cap
- $90.67M
- P/E
- -68.69
- Fwd P/E
- 101.89
- PEG
- -2.51
- P/S
- 0.58
- P/B
- 7.77
- EV/EBITDA
- 81.02
- Div Yield
- 0.00%
- Gross Margin
- 14.37%
- Op Margin
- -0.83%
- Net Margin
- -0.81%
- ROE
- -10.74%
- ROIC
- -7.81%
Latest fiscal year · YoY change
- Revenue
- $150.55M+5.6%
- Gross Profit
- $21.01M+10.5%
- Op Income
- $-2,784,740
- Net Income
- $-2,751,112-42.2%
- EPS
- $-0.28-33.3%
- OCF Growth
- +239.3%
- FCF Growth
- +247.9%
- 52W High
- $24.30
- 52W Low
- $3.75
- 50D MA
- $12.47
- 200D MA
- $7.96
- Beta
- 1.80
- RSI (14)
- 36
- Avg Volume
- 312.04K
Earnings call summaries
Pick a quarter — each call distilled into takeaways, results, and a bull vs bear read.
WidePoint said Q2 was an inflection point, with revenue up modestly and management centered on the long-term growth potential from the CWMS 3.0 award, SEWP VI, and the ATV contract.· August 13, 2026
- Q2 revenue was $38 million, up from $37.3 million a year ago; gross profit was $5.8 million, or 15% of revenue, versus $5.1 million and 14% last year.
- Net income was $66 thousand, or $0.01 per share, versus a net loss of $618 thousand, or $0.06 per share, in the prior-year quarter.
- Federal funded and unfunded contract backlog was about $219 million at June 30, 2026.
- Management framed CWMS 3.0 as a potential decade-long growth driver, with a $3.1 billion ceiling and an estimated $300 million average annual revenue opportunity.
- The ATV contract was expanded and is now expected to go live by year-end, while SEWP VI and MobileAnchor were described as additional pipeline catalysts.
Total revenue for Q2 2026 was $38 million, up from $37.3 million in the same quarter last year. Gross profit was $5.8 million, or 15% of revenue, versus $5.1 million, or 14%, last year. Net income was $66 thousand, or $0.01 per share, compared with a net loss of $618 thousand, or $0.06 per share, a year ago. For the first six months, revenue was $78.6 million versus $70.8 million, gross profit was $11.4 million versus $9.9 million, and EPS was $0.01 versus a loss of $0.14. Looking ahead, management said CWMS 3.0’s $3.1 billion ceiling implies about $300 million of average annual revenue, with roughly $150 million of additional annual opportunity; they expect some task orders could begin in Q4 if the protest is resolved by October 7, and 2027 to be a meaningful ramp year. They also said the ATV contract is expected to see devices implemented in Q4 and ramp toward full deployment in 3 to 6 months, and that SEWP VI ordering begins November 1.
Jin H. Kang described Q2 as a transformational period and a key inflection point, emphasizing that WidePoint is building a foundation for a profitable growth trajectory over the next decade. He focused heavily on CWMS 3.0, saying the company expects to remain the single awardee and sees the award’s expanded ceiling and broader scope as evidence of DHS commitment. His tone was confident and forward-looking, repeatedly pointing to 2027 as the beginning of a meaningful ramp.
Robert J. George said revenue growth came from higher phone lines under management at DHS and the US Customs and Border Protection task order, while gross profit improved to $5.8 million and gross margin held at 15%. He highlighted stronger 6-month adjusted EBITDA of $1.4 million and free cash flow of $1.3 million, versus $276 thousand and $155 thousand last year. He also said WidePoint ended the quarter with $10 million in unrestricted cash, $4 million of revolver capacity, does not intend to use the ATM at current valuations, and expects higher compliance, insurance, labor, and cybersecurity investment costs ahead.
Analysts focused on the ATV contract timeline, the potential size of expansion into state and local government, the meaning of backlog, and the DaaS pipeline. Management said ATV should have some devices implemented by Q4 with a 3 to 6 month ramp to fuller deployment, and that state and local expansion could potentially double device counts, though it is still early. On DaaS, management said they are cautiously optimistic about closing an opportunity in the next few months, with LA28 the clearest near-term target, and added that MobileAnchor is seeing inbound interest from government and commercial prospects.
The bull case from the call is that WidePoint now has multiple large, pre-competed government vehicles and contracts that could drive growth for years, especially CWMS 3.0 and SEWP VI. Management also pointed to improving margins, positive free cash flow, and early signs that ATV and DaaS could become meaningful profit contributors.
The main risks are the ongoing protest over CWMS 3.0 and the fact that full ramp timing still depends on that outcome. Management also flagged higher operating costs from accelerated SEC filer status, insurance and labor inflation, and one-time incentive payments tied to CWMS 3.0 resolution, while several growth opportunities remain early-stage and not yet material.
AI summary of the company's earnings call · Paraphrased · Not investment advice
- Free Float
- 86.2%
- Shares Outstanding
- 9.89M
- Float Shares
- 8.52M
of shares held by institutions
37 13F filers
Buy/sell ratio 0.00. Sells can include pre-scheduled 10b5-1 plan sales, not just discretionary selling.
Top institutional holders
Largest 13F positions, with quarter-over-quarter change.
| Holder | Shares | Δ Quarter |
|---|---|---|
| Vanguard Group Inc | 397.88K | ▲ 21.37K |
| Wolverine Trading, LLC | 11.00K | ▲ 11.00K |
| Stephens Consulting, LLC | 250 | 0 |
| Legacy Investment Solutions, LLC | 100 | ▲ 100 |
Held by 36 ETFs
Biggest fund positions in WYY by dollar value.
Recent insider transactions
Who's buying, who's selling, and how much.
| Date | Insider | Type | Shares |
|---|---|---|---|
| Jul 9, 26 | Dzyak Todd | sell | 5,000 |
| Jul 6, 26 | FITZGERALD JOHN J | sell | 15,000 |
| Jun 26, 26 | GEORGE ROBERT J | sell | 11,901 |
| Jun 26, 26 | GEORGE ROBERT J | sell | 3,962 |
| Jun 29, 26 | GEORGE ROBERT J | sell | 12,882 |
| Jun 29, 26 | GEORGE ROBERT J | sell | 4,000 |
| Jun 26, 26 | Sparling Ian | sell | 77,577 |
| Jun 26, 26 | Sparling Ian | sell | 34,923 |
| Jun 26, 26 | Sparling Ian | sell | 42,949 |
| Jun 26, 26 | HOLLOWAY JASON | sell | 100,010 |
A “Sell” may be a pre-scheduled 10b5-1 plan sale rather than a discretionary decision — read insider selling with that in mind.
Our WYY coverage
Recent articles, reports, and earnings notes.
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Generate WYY report →WYY Q2 Earnings Match Estimates, Revenues Miss on Reselling Dip
zacks.com · Aug 14
WidePoint Q2 Earnings Call Focuses on CWMS 3.0 Ramp in 2027
zacks.com · Aug 14
WidePoint Q2 Earnings Call Highlights
marketbeat.com · Aug 14
WidePoint Corporation (WYY) Q2 2026 Earnings Call Transcript
seekingalpha.com · Aug 13
WidePoint (WYY) Q2 Earnings Meet Estimates
zacks.com · Aug 13
WidePoint Reports Second Quarter 2026 Financial Results
globenewswire.com · Aug 13
WidePoint to Report Q2 Earnings: What's in Store for the Stock?
zacks.com · Aug 11
WidePoint Sets Second Quarter 2026 Conference Call for Thursday, August 13, 2026, at 4:30 p.m. ET
globenewswire.com · Aug 3
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