Tillkännagivande • May 04
WidePoint Corporation, Annual General Meeting, Jun 19, 2026 WidePoint Corporation, Annual General Meeting, Jun 19, 2026. Tillkännagivande • Apr 30
WidePoint Corporation to Report Q1, 2026 Results on May 14, 2026 WidePoint Corporation announced that they will report Q1, 2026 results on May 14, 2026 Tillkännagivande • Apr 11
WidePoint Corporation has filed a Follow-on Equity Offering in the amount of $15.5 million. WidePoint Corporation has filed a Follow-on Equity Offering in the amount of $15.5 million.
Security Name: Common Stock
Security Type: Common Stock
Transaction Features: At the Market Offering Tillkännagivande • Mar 11
WidePoint Corporation to Report Q4, 2025 Results on Mar 25, 2026 WidePoint Corporation announced that they will report Q4, 2025 results on Mar 25, 2026 Tillkännagivande • Oct 30
WidePoint Corporation to Report Q3, 2025 Results on Nov 13, 2025 WidePoint Corporation announced that they will report Q3, 2025 results on Nov 13, 2025 Tillkännagivande • Jul 29
WidePoint Corporation to Report Q2, 2025 Results on Aug 14, 2025 WidePoint Corporation announced that they will report Q2, 2025 results on Aug 14, 2025 Tillkännagivande • Jun 04
WidePoint Corporation, Annual General Meeting, Jul 18, 2025 WidePoint Corporation, Annual General Meeting, Jul 18, 2025. Tillkännagivande • May 01
WidePoint Corporation to Report Q1, 2025 Results on May 15, 2025 WidePoint Corporation announced that they will report Q1, 2025 results on May 15, 2025 Tillkännagivande • Apr 01
WidePoint Corporation announced delayed annual 10-K filing On 03/31/2025, WidePoint Corporation announced that they will be unable to file their next 10-K by the deadline required by the SEC. Tillkännagivande • Mar 12
WidePoint Corporation to Report Q4, 2024 Results on Mar 26, 2025 WidePoint Corporation announced that they will report Q4, 2024 results on Mar 26, 2025 Reported Earnings • Nov 16
Third quarter 2024 earnings released: US$0.045 loss per share (vs US$0.10 loss in 3Q 2023) Third quarter 2024 results: US$0.045 loss per share (improved from US$0.10 loss in 3Q 2023). Revenue: US$34.6m (up 35% from 3Q 2023). Net loss: US$425.2k (loss narrowed 54% from 3Q 2023). Revenue is forecast to grow 9.7% p.a. on average during the next 3 years, compared to a 7.7% growth forecast for the IT industry in Germany. Over the last 3 years on average, earnings per share has fallen by 12% per year but the company’s share price has only fallen by 4% per year, which means it has not declined as severely as earnings. Tillkännagivande • Oct 31
WidePoint Corporation to Report Q3, 2024 Results on Nov 13, 2024 WidePoint Corporation announced that they will report Q3, 2024 results on Nov 13, 2024 New Risk • Sep 25
New minor risk - Insider selling There has been significant insider selling in the company's shares over the past 3 months. Total value of shares sold: €57k This is considered a minor risk. There are several reasons why an insider may be selling, including to cover a tax obligation or pay for some other expense. However, we generally consider it a negative if insiders have been selling, especially if they do so below the current price. It implies that they considered a lower price to be reasonable. This is a weak signal, but if there is a pattern of unexplained selling, it can be a sign the insider believes the company's stock is overpriced. Note: We only include open market transactions and private dispositions of directly owned stock by individuals, not by corporations or trusts. Currently, the following risks have been identified for the company: Minor Risks Share price has been volatile over the past 3 months (10% average weekly change). Shareholders have been diluted in the past year (3.8% increase in shares outstanding). Significant insider selling over the past 3 months (€57k sold). Market cap is less than US$100m (€26.7m market cap, or US$29.9m). New Risk • Aug 19
New minor risk - Shareholder dilution The company's shareholders have been diluted in the past year. Increase in shares outstanding: 3.8% This is considered a minor risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Minor Risks Share price has been volatile over the past 3 months (9.9% average weekly change). Shareholders have been diluted in the past year (3.8% increase in shares outstanding). Market cap is less than US$100m (€30.7m market cap, or US$33.9m). Reported Earnings • Aug 16
Second quarter 2024 earnings released: US$0.053 loss per share (vs US$0.096 loss in 2Q 2023) Second quarter 2024 results: US$0.053 loss per share (improved from US$0.096 loss in 2Q 2023). Revenue: US$36.0m (up 35% from 2Q 2023). Net loss: US$499.6k (loss narrowed 41% from 2Q 2023). Revenue is forecast to grow 11% p.a. on average during the next 3 years, compared to a 8.3% growth forecast for the IT industry in Germany. Over the last 3 years on average, earnings per share has fallen by 43% per year but the company’s share price has only fallen by 10% per year, which means it has not declined as severely as earnings. Tillkännagivande • Aug 15
WidePoint Corporation Provides Earnings Guidance for the Year 2025 WidePoint Corporation provided earnings guidance for the year 2025. For the year, the company anticipates achieving positive earnings per share. Tillkännagivande • Jul 31
WidePoint Corporation to Report Q2, 2024 Results on Aug 14, 2024 WidePoint Corporation announced that they will report Q2, 2024 results on Aug 14, 2024 Board Change • Jul 01
Insufficient new directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 5 experienced directors. No highly experienced directors. Director Emeritus Otto Guenther was the last director to join the board, commencing their role in 2021. The following issues are considered to be risks according to the Simply Wall St Risk Model: Insufficient board refreshment. Reported Earnings • May 17
First quarter 2024 earnings released: US$0.073 loss per share (vs US$0.11 loss in 1Q 2023) First quarter 2024 results: US$0.073 loss per share (improved from US$0.11 loss in 1Q 2023). Revenue: US$34.2m (up 35% from 1Q 2023). Net loss: US$653.1k (loss narrowed 31% from 1Q 2023). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 42 percentage points per year, which is a significant difference in performance. Tillkännagivande • May 03
WidePoint Corporation to Report Q1, 2024 Results on May 15, 2024 WidePoint Corporation announced that they will report Q1, 2024 results on May 15, 2024 New Risk • May 01
New minor risk - Shareholder dilution The company's shareholders have been diluted in the past year. Increase in shares outstanding: 4.8% This is considered a minor risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Major Risk Earnings have declined by 50% per year over the past 5 years. Minor Risks Share price has been volatile over the past 3 months (7.3% average weekly change). Shareholders have been diluted in the past year (4.8% increase in shares outstanding). Market cap is less than US$100m (€16.3m market cap, or US$17.4m). Tillkännagivande • May 01
WidePoint Corporation, Annual General Meeting, Jun 14, 2024 WidePoint Corporation, Annual General Meeting, Jun 14, 2024, at 10:00 US Eastern Standard Time. Agenda: To elect one director nominee named in the attached proxy statement as a class iii director to serve for a three-year period until the annual meeting of stockholders in the year 2027; to ratify the selection of moss Adams LLP as the company’s independent accountants; and to transact such other business as may properly come before the meeting. Tillkännagivande • Mar 29
WidePoint Corporation Announces Unaudited Consolidated Impairment Charges for the Fourth Quarter Ended December 31, 2023 WidePoint Corporation announced unaudited consolidated impairment charges for the fourth quarter ended December 31, 2023. For the quarter, the company reported Impairment charge - definite-lived intangible assets of $193,336. Reported Earnings • Mar 27
Full year 2023 earnings released: US$0.46 loss per share (vs US$2.70 loss in FY 2022) Full year 2023 results: US$0.46 loss per share (improved from US$2.70 loss in FY 2022). Revenue: US$106.0m (up 13% from FY 2022). Net loss: US$4.05m (loss narrowed 83% from FY 2022). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 55 percentage points per year, which is a significant difference in performance. Tillkännagivande • Mar 13
WidePoint Corporation to Report Q4, 2023 Results on Mar 26, 2024 WidePoint Corporation announced that they will report Q4, 2023 results on Mar 26, 2024 Tillkännagivande • Feb 15
Widepoint Corporation Provides Revenue Guidance for the Full Year 2024 WidePoint Corporation provided revenue guidance for the full year 2024. The company forecasts double-digit percentage growth in the high teens for both top-line revenue and managed services revenue, in addition to being cash flow positive for the full year 2024. Tillkännagivande • Dec 30
James Bernard Rice Resigns from the Board of Directors of WidePoint Corporation, Effective December 31, 2023 On December 23, 2023, James Bernard (“Bernie”) Rice tendered his resignation from the Board of Directors of WidePoint Corporation (the “Company”) effective December 31, 2023. Mr. Rice's resignation from the Board of Directors of the Company did not result from any disagreement. This decision comes from his desire to engage more directly with the operational facets of the company. Mr. Rice will be transitioning into a consultant role with the Company. His extensive expertise, strategic insights, and dedication to the Company's growth will continue to be invaluable assets in his new capacity as a consultant. Reported Earnings • Nov 16
Third quarter 2023 earnings released: US$0.10 loss per share (vs US$0.062 loss in 3Q 2022) Third quarter 2023 results: US$0.10 loss per share (further deteriorated from US$0.062 loss in 3Q 2022). Revenue: US$25.7m (up 1.8% from 3Q 2022). Net loss: US$921.1k (loss widened 70% from 3Q 2022). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 63 percentage points per year, which is a significant difference in performance. Tillkännagivande • Nov 02
WidePoint Corporation to Report Q3, 2023 Results on Nov 14, 2023 WidePoint Corporation announced that they will report Q3, 2023 results on Nov 14, 2023 Reported Earnings • Aug 15
Second quarter 2023 earnings released: US$0.096 loss per share (vs US$1.58 loss in 2Q 2022) Second quarter 2023 results: US$0.096 loss per share (improved from US$1.58 loss in 2Q 2022). Revenue: US$26.8m (up 16% from 2Q 2022). Net loss: US$842.1k (loss narrowed 94% from 2Q 2022). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 69 percentage points per year, which is a significant difference in performance. Tillkännagivande • Aug 09
WidePoint Corporation to Report Q2, 2023 Results on Aug 15, 2023 WidePoint Corporation announced that they will report Q2, 2023 results on Aug 15, 2023 New Risk • Jul 13
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of German stocks, typically moving 6.8% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risk Earnings have declined by 42% per year over the past 5 years. Minor Risks Share price has been volatile over the past 3 months (6.8% average weekly change). Market cap is less than US$100m (€15.5m market cap, or US$17.4m). Reported Earnings • May 17
First quarter 2023 earnings released: US$0.11 loss per share (vs US$0.045 loss in 1Q 2022) First quarter 2023 results: US$0.11 loss per share (further deteriorated from US$0.045 loss in 1Q 2022). Revenue: US$25.3m (up 13% from 1Q 2022). Net loss: US$951.5k (loss widened 142% from 1Q 2022). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 72 percentage points per year, which is a significant difference in performance. Reported Earnings • Mar 30
Full year 2022 earnings released: US$2.70 loss per share (vs US$0.038 profit in FY 2021) Full year 2022 results: US$2.70 loss per share (down from US$0.038 profit in FY 2021). Revenue: US$94.1m (up 7.7% from FY 2021). Net loss: US$23.6m (down US$23.9m from profit in FY 2021). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 69 percentage points per year, which is a significant difference in performance. Reported Earnings • Nov 16
Third quarter 2022 earnings released: US$0.062 loss per share (vs US$0.059 profit in 3Q 2021) Third quarter 2022 results: US$0.062 loss per share (down from US$0.059 profit in 3Q 2021). Revenue: US$25.3m (up 14% from 3Q 2021). Net loss: US$540.9k (down 201% from profit in 3Q 2021). Revenue is forecast to grow 7.7% p.a. on average during the next 2 years, compared to a 11% growth forecast for the IT industry in Germany. Over the last 3 years on average, earnings per share has fallen by 60% per year but the company’s share price has only fallen by 11% per year, which means it has not declined as severely as earnings. Tillkännagivande • Nov 16
WidePoint Corporation Provides Revenue Guidance for the Year 2022 WidePoint Corporation provides revenue guidance for the year 2022. For the period, The company expects revenues to range between $92 million - $98 million. Tillkännagivande • Nov 15
WidePoint Corporation Provides Earnings Guidance for the Year 2022 WidePoint Corporation provided earnings guidance for the year 2022. The company have decided to maintain top line revenue guidance but have made a slight change to adjusted EBITDA range, which is now between $1 million and $1.2 million. Tillkännagivande • Nov 08
WidePoint Corporation to Report Q3, 2022 Results on Nov 14, 2022 WidePoint Corporation announced that they will report Q3, 2022 results on Nov 14, 2022 Reported Earnings • Aug 17
Second quarter 2022 earnings released: US$1.58 loss per share (vs US$0.023 loss in 2Q 2021) Second quarter 2022 results: US$1.58 loss per share (down from US$0.023 loss in 2Q 2021). Revenue: US$23.1m (up 15% from 2Q 2021). Net loss: US$13.8m (loss widened US$13.6m from 2Q 2021). Over the next year, revenue is forecast to grow 8.3%, compared to a 15% growth forecast for the IT industry in Germany. Over the last 3 years on average, earnings per share has fallen by 15% per year but the company’s share price has only fallen by 3% per year, which means it has not declined as severely as earnings. Tillkännagivande • Aug 03
WidePoint Corporation to Report Q2, 2022 Results on Aug 15, 2022 WidePoint Corporation announced that they will report Q2, 2022 results on Aug 15, 2022 Reported Earnings • May 17
First quarter 2022 earnings released: US$0.045 loss per share (vs US$0.065 profit in 1Q 2021) First quarter 2022 results: US$0.045 loss per share (down from US$0.065 profit in 1Q 2021). Revenue: US$22.4m (up 8.6% from 1Q 2021). Net loss: US$392.9k (down 167% from profit in 1Q 2021). Over the next year, revenue is forecast to grow 7.3%, compared to a 18% growth forecast for the industry in Germany. Over the last 3 years on average, earnings per share has increased by 62% per year but the company’s share price has fallen by 16% per year, which means it is significantly lagging earnings. Tillkännagivande • May 04
WidePoint Corporation to Report Q1, 2022 Results on May 16, 2022 WidePoint Corporation announced that they will report Q1, 2022 results on May 16, 2022 Tillkännagivande • May 02
WidePoint Corporation, Annual General Meeting, Jun 17, 2022 WidePoint Corporation, Annual General Meeting, Jun 17, 2022, at 10:00 US Eastern Standard Time. Agenda: To consider election of two director nominees as class i directors to serve for a three-year period until the annual meeting of stockholders in the year 2025; to ratify the selection of Moss Adams LLP as the company’s independent accountants; to approve an advisory resolution on executive compensation; and to transact such other business as may properly come before the meeting. Reported Earnings • Mar 30
Full year 2021 earnings released: EPS: US$0.038 (vs US$1.22 in FY 2020) Full year 2021 results: EPS: US$0.038 (down from US$1.22 in FY 2020). Revenue: US$87.3m (down 52% from FY 2020). Net income: US$341.1k (down 97% from FY 2020). Profit margin: 0.4% (down from 5.7% in FY 2020). The decrease in margin was driven by lower revenue. Over the next year, revenue is forecast to grow 7.2%, compared to a 18% growth forecast for the industry in Germany. Over the last 3 years on average, earnings per share has increased by 94% per year but the company’s share price has remained flat, which means it is significantly lagging earnings. Board Change • Mar 29
High number of new and inexperienced directors There are 4 new directors who have joined the board in the last 3 years. The company's board is composed of: 4 new directors. 2 experienced directors. No highly experienced directors. President, CEO & Director Jin Kang is the most experienced director on the board, commencing their role in 2017. The company’s lack of experienced directors is considered a risk according to the Simply Wall St Risk Model. Reported Earnings • Nov 17
Third quarter 2021 earnings released: EPS US$0.059 (vs US$0.13 in 3Q 2020) The company reported a soft third quarter result with weaker earnings and revenues, although profit margins were improved. Third quarter 2021 results: Revenue: US$22.3m (down 61% from 3Q 2020). Net income: US$534.9k (down 50% from 3Q 2020). Profit margin: 2.4% (up from 1.9% in 3Q 2020). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has increased by 121% per year but the company’s share price has only increased by 4% per year, which means it is significantly lagging earnings growth. Valuation Update With 7 Day Price Move • Sep 29
Investor sentiment improved over the past week After last week's 28% share price gain to €5.55, the stock trades at a forward P/E ratio of 31x. Average forward P/E is 28x in the IT industry in Germany. Total returns to shareholders of 49% over the past three years. Tillkännagivande • Sep 29
WidePoint Corporation (NYSEAM:WYY) announces an Equity Buyback for $2.1 million worth of its shares. WidePoint Corporation (NYSEAM:WYY) announces renewal of existing share repurchase program. Under the program, the company will repurchase up to $2.1 million worth of its common stock. The company intends to finance the purchases with existing cash balances. As at September 27, 2021, the company has 9,100,000 outstanding shares. Valuation Update With 7 Day Price Move • Aug 23
Investor sentiment deteriorated over the past week After last week's 22% share price decline to US$4.38, the stock trades at a forward P/E ratio of 28x. Average forward P/E is 27x in the IT industry in Germany. Total returns to shareholders of 11% over the past three years. Reported Earnings • Aug 18
Second quarter 2021 earnings released: US$0.023 loss per share (vs US$0.058 profit in 2Q 2020) The company reported a poor second quarter result with weaker earnings, revenues and control over costs. Second quarter 2021 results: Revenue: US$20.0m (down 64% from 2Q 2020). Net loss: US$204.7k (down 142% from profit in 2Q 2020). Over the last 3 years on average, earnings per share has increased by 133% per year but the company’s share price has only increased by 11% per year, which means it is significantly lagging earnings growth. Valuation Update With 7 Day Price Move • May 13
Investor sentiment deteriorated over the past week After last week's 15% share price decline to US$6.00, the stock trades at a forward P/E ratio of 39x. Average forward P/E is 24x in the IT industry in Germany. Total returns to shareholders of 59% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at €4.03 per share. Recent Insider Transactions • Mar 31
Independent Chairman of the Board recently sold €84k worth of stock On the 29th of March, Otto Guenther sold around 10k shares on-market at roughly €8.16 per share. This was the largest sale by an insider in the last 3 months. This was Otto's only on-market trade for the last 12 months. Valuation Update With 7 Day Price Move • Mar 31
Investor sentiment deteriorated over the past week After last week's 21% share price decline to US$7.85, the stock trades at a forward P/E ratio of 48x. Average forward P/E is 25x in the IT industry in Germany. Total returns to shareholders of 90% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at €3.80 per share. Reported Earnings • Mar 26
Full year 2020 earnings released: EPS US$1.22 (vs US$0.027 in FY 2019) The company reported a strong full year result with improved earnings, revenues and profit margins. Full year 2020 results: Revenue: US$180.3m (up 77% from FY 2019). Net income: US$10.3m (up US$10.1m from FY 2019). Profit margin: 5.7% (up from 0.2% in FY 2019). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 138% per year but the company’s share price has only increased by 28% per year, which means it is significantly lagging earnings growth. Tillkännagivande • Mar 17
WidePoint Corporation to Report Q4, 2020 Results on Mar 23, 2021 WidePoint Corporation announced that they will report Q4, 2020 results on Mar 23, 2021 Valuation Update With 7 Day Price Move • Mar 13
Investor sentiment improved over the past week After last week's 16% share price gain to US$9.65, the stock is trading at a trailing P/E ratio of 48.7x, up from the previous P/E ratio of 41.9x. This compares to an average P/E of 35x in the IT industry in Germany. Total returns to shareholders over the past three years are 130%. Valuation Update With 7 Day Price Move • Feb 25
Investor sentiment deteriorated over the past week After last week's 16% share price decline to US$9.20, the stock is trading at a trailing P/E ratio of 47.3x, down from the previous P/E ratio of 56.6x. This compares to an average P/E of 34x in the IT industry in Germany. Total returns to shareholders over the past three years are 156%. Valuation Update With 7 Day Price Move • Jan 29
Investor sentiment deteriorated over the past week After last week's 16% share price decline to US$10.10, the stock is trading at a trailing P/E ratio of 54.7x, down from the previous P/E ratio of 65x. This compares to an average P/E of 31x in the IT industry in Germany. Total returns to shareholders over the past three years are 113%. Is New 90 Day High Low • Jan 14
New 90-day high: €10.20 The company is up 143% from its price of €4.20 on 16 October 2020. The German market is up 8.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the IT industry, which is down 21% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €4.94 per share. Valuation Update With 7 Day Price Move • Jan 13
Investor sentiment improved over the past week After last week's 24% share price gain to US$9.50, the stock is trading at a trailing P/E ratio of 54.7x, up from the previous P/E ratio of 44x. This compares to an average P/E of 30x in the IT industry in Germany. Total returns to shareholders over the past three years are 83%. Recent Insider Transactions • Dec 06
Insider recently sold €235k worth of stock On the 27th of November, Jason Holloway sold around 25k shares on-market at roughly €9.41 per share. This was the largest sale by an insider in the last 3 months. Insiders have been net sellers, collectively disposing of €419k more than they bought in the last 12 months. Valuation Update With 7 Day Price Move • Dec 04
Market pulls back on stock over the past week After last week's 17% share price decline to US$7.96, the stock is trading at a trailing P/E ratio of 39.8x, down from the previous P/E ratio of 48.2x. This compares to an average P/E of 30x in the IT industry in Germany. Total returns to shareholders over the past three years are 46%. Tillkännagivande • Dec 03
WidePoint Corporation Enters into New Cellular Wireless Managed Services 2.0 Contract with the U.S. Department of Homeland Security On November 25, 2020, WidePoint Corporation entered into a new Cellular Wireless Managed Services (CWMS) 2.0 Contract with the U.S. Department of Homeland Security (DHS) for Cellular Wireless Managed Services (CWMS). The DHS Agreement is for a term of one year with four one-year renewal options extending through November 24, 2025. Only the Contracting Officer (CO) for the IDIQ contract is authorized to change the terms and conditions at the IDIQ contract level by issuing a modification bilaterally signed by the CO and the Contractor, which is also referred to as the IDIQ contract Holder. This is a single award IDIQ contract. The Period of Performance of this IDIQ contract, which will also be referred to as the Ordering Period, will be twelve (12) months from the date of IDIQ contract award with four (4) 12-month option periods. Orders may be issued at any time during the IDIQ contract period of performance and may extend for a period of twelve (12) months after the expiration date of the IDIQ contract. The period of performance of each order will be specified at the order level. The primary service location is off-site at the Contractor’s facilities. The specific place of performance for these locations will be determined at the order level including both the contiguous United States (CONUS) or outside the contiguous United States (OCONUS). The place of performance for in-building wireless services shall include DHS facilities within the CONUS. The OCONUS support will be provided remotely for wireless services offering and trouble-shooting effort over the phone. The Contractor may authorize its employees to telework under task orders issued against this IDIQ contract on an as-needed basis. The Contractor is required to coordinate with the order level CO and/or Contracting Officer’ Representative (COR) when the need for telework is identified and shall receive DHS pre-approval. The Contractor shall maintain their own corporate telework policy for its employees. The IDIQ contract will allow for Firm Fixed Price (FFP), Time and Materials (T&M), Labor Hour (LH), and hybrid type orders. The type of order will be identified at the order level. Recent Insider Transactions • Dec 01
Insider recently sold €235k worth of stock On the 27th of November, Jason Holloway sold around 25k shares on-market at roughly €9.41 per share. This was the largest sale by an insider in the last 3 months. Insiders have been net sellers, collectively disposing of €196k more than they bought in the last 12 months. Tillkännagivande • Nov 26
WidePoint Corporation Wins U.S. Department of Homeland Security Cellular Wireless Managed Services (CWMS) 2.0 Contract WidePoint Corporation announced that the U.S. Department of Homeland Security (DHS) has awarded the Cellular Wireless Managed Services (CWMS) 2.0 Contract to WidePoint. Valued at up to $500 million, this new Indefinite Delivery, Indefinite Quantity (IDIQ) contract, which was executed on November 25, 2020, has a one-year base period with four 12-month option periods extending through November 24, 2025. Valuation Update With 7 Day Price Move • Nov 25
Market bids up stock over the past week After last week's 53% share price gain to US$9.35, the stock is trading at a trailing P/E ratio of 34.4x, up from the previous P/E ratio of 22.5x. This compares to an average P/E of 29x in the IT industry in Germany. Total returns to shareholders over the past three years are 67%. Is New 90 Day High Low • Nov 25
New 90-day high: €7.44 The company is up 68% from its price of €4.42 on 26 August 2020. The German market is up 1.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the IT industry, which is down 16% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €5.83 per share. Reported Earnings • Nov 19
Third quarter 2020 earnings released: EPS US$0.13 The company reported a strong third quarter result with improved earnings, revenues and profit margins. Third quarter 2020 results: Revenue: US$57.5m (up 94% from 3Q 2019). Net income: US$1.07m (up 481% from 3Q 2019). Profit margin: 1.9% (up from 0.6% in 3Q 2019). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 119% per year but the company’s share price has only increased by 6% per year, which means it is significantly lagging earnings growth. Analyst Estimate Surprise Post Earnings • Nov 19
Revenue beats expectations Revenue exceeded analyst estimates by 28%. Over the next year, revenue is expected to shrink by 25% compared to a 10% growth forecast for the IT industry in Germany. Valuation Update With 7 Day Price Move • Nov 10
Market bids up stock over the past week After last week's 21% share price gain to US$5.35, the stock is trading at a trailing P/E ratio of 50.7x, up from the previous P/E ratio of 41.9x. This compares to an average P/E of 26x in the IT industry in Germany. Total returns to shareholders over the past three years are 5.9%. Tillkännagivande • Oct 30
WidePoint Corporation to Report Q3, 2020 Results on Nov 16, 2020 WidePoint Corporation announced that they will report Q3, 2020 results at 8:05 PM, GMT Standard Time on Nov 16, 2020 Tillkännagivande • Oct 06
WidePoint Corporation to Report Q4, 2018 Results on Mar 21, 2019 WidePoint Corporation announced that they will report Q4, 2018 results at 4:30 PM, US Eastern Standard Time on Mar 21, 2019 Tillkännagivande • Oct 05
WidePoint Corp. to Report Q4, 2009 Results on 03/31/2010 WidePoint Corp. announced that they will report Q4, 2009 results on 03/31/2010 Is New 90 Day High Low • Sep 27
New 90-day low: €0.39 The company is down 34% from its price of €0.59 on 29 June 2020. The German market is up 2.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the IT industry, which is down 11% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €0.91 per share. Tillkännagivande • Jul 31
WidePoint Corporation to Report Q2, 2020 Results on Aug 13, 2020 WidePoint Corporation announced that they will report Q2, 2020 results at 8:05 PM, GMT Standard Time on Aug 13, 2020