WidePoint Corporation Reports Steady Q1 2025 Results

Widepoint ( (WYY) ) has released its Q1 earnings. Here is a breakdown of the information Widepoint presented to its investors.

WidePoint Corporation is a leading Managed Solution Provider specializing in cybersecurity and mobile technology, offering services such as Identity and Access Management, Mobility Managed Services, and Cloud Security. The company has reported its financial results for the first quarter of 2025, highlighting continued positive Adjusted EBITDA and free cash flow, as well as significant contract awards and strategic advancements.

In the first quarter of 2025, WidePoint achieved a revenue of $34.2 million, maintaining a steady performance compared to the previous year. The company reported a net loss of $724,100, or $(0.08) per share, but continued its streak of positive Adjusted EBITDA and free cash flow. Key operational highlights include the achievement of FedRAMP Authorized Status for its Intelligent Technology Management Systems and securing $27.6 million in contract awards, predominantly from federal agencies.

WidePoint’s strategic initiatives include the launch of the M365 Analyzer and securing three task orders under the Spiral 4 Contract Vehicle, including a notable $2.5 million task order with a U.S. Department of Defense agency. The company also addressed a one-time accounting adjustment that impacted revenue and cost of revenues but assured that it does not alter the business fundamentals or future outlook.

Looking ahead, WidePoint remains optimistic about its growth prospects, focusing on deepening strategic partnerships, preparing for upcoming contract recompetes, and commercializing new solutions. The company has set a fiscal year 2025 guidance with revenue expectations between $154 million and $163 million, aiming for positive earnings per share by the end of the year.