Log in
E-mail
Password
Remember
Forgot password ?
Become a member for free
Sign up
Sign up
New member
Sign up for FREE
New customer
Discover our services
Settings
Settings
Dynamic quotes 
OFFON

MarketScreener Homepage  >  Equities  >  Nyse MKT  >  WidePoint Corporation    WYY

WIDEPOINT CORPORATION

(WYY)
SummaryQuotesChartsNewsCalendarCompany 
News SummaryMost relevantAll newsPress ReleasesOfficial PublicationsSector news

WidePoint Raises Guidance for Full Year 2019

share with twitter share with LinkedIn share with facebook
share via e-mail
12/09/2019 | 09:01am EDT

FAIRFAX, Va., Dec. 09, 2019 (GLOBE NEWSWIRE) -- WidePoint Corporation (NYSE American: WYY), the leading provider of Trusted Mobility Management (TM2) specializing in Telecommunications Lifecycle Management, Identity Management and Digital Billing & Analytics solutions, has raised its revenue and adjusted EBITDA guidance for the full year ending December 31, 2019.

Subsequent to WidePoint’s third quarter 2019 earnings call held on November 14, 2019, the federal government definitized its budget for the end of 2019. As a result of additional insights gained from the updated budget, WidePoint now anticipates revenues for its full year 2019 to be $95M (previously a range of $90.0 million to $93.0 million) and adjusted EBTIDA to be $3.5M (previously a range of 2.75 million to $3.5 million). The company’s new guidance represents an increase in revenues of 14% and an increase in adjusted EBITDA of 94% compared to 2018. 

“With the clarity we recently gleaned from the federal government’s budget and spending initiatives for their fiscal year ending September 30, 2020, we have even greater visibility and confidence that WidePoint’s 2019 financial results will be stronger than we originally anticipated,” said company CEO, Jin Kang. “The combination of this new information and the opportunities we’re actively pursuing have us on track to not only generate positive results for 2019 but continue the momentum into 2020.”

About WidePoint
WidePoint Corporation (NYSE American: WYY) is a leading provider of trusted mobility management (TM2) solutions, including telecom management, mobile management, identity management, and digital billing and analytics. For more information, visit widepoint.com.

Investor Relations:
Matt Glover and Charlie Schumacher
Gateway Investor Relations
(949) 574-3860
WYY@gatewayir.com

Primary Logo


© GlobeNewswire 2019
share with twitter share with LinkedIn share with facebook
share via e-mail
Latest news on WIDEPOINT CORPORATION
03/30WIDEPOINT CORP : Results of Operations and Financial Condition, Financial Statem..
AQ
03/24WIDEPOINT : 4Q Earnings Snapshot
AQ
03/24WIDEPOINT : MANAGEMENT'S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESU..
AQ
03/24WidePoint Reports Fourth Quarter and Full Year 2019 Financial Results
GL
03/09DHS Issues Notice of Intent to Sole Source Cellular Wireless Managed Services..
GL
03/03WIDEPOINT SETS FOURTH QUARTER AND FU : 30 p.m. ET
GL
03/02WidePoint To Present at the 2020 LD Micro Virtual Conference on March 3, 2020
GL
01/08WidePoint Partners with KoolSpan to Offer End-to-End Encryption for Phone Cal..
GL
2019WidePoint Appoints Kellie Kim as Chief Financial Officer
GL
2019WidePoint Raises Guidance for Full Year 2019
GL
More news
Chart WIDEPOINT CORPORATION
Duration : Period :
WidePoint Corporation Technical Analysis Chart | MarketScreener
Full-screen chart
Managers
NameTitle
Jin H. Kang President, Chief Executive Officer & Director
Otto J. Guenther Non-Executive Chairman
Kellie H. Kim Chief Financial Officer
Philip Ernst Richter Independent Director
Richard Lee Todaro Director
Sector and Competitors
1st jan.Capitalization (M$)
WIDEPOINT CORPORATION-13.32%27
ACCENTURE-27.74%104 001
INTERNATIONAL BUSINESS MACHINES CORPORATION-20.67%98 551
TATA CONSULTANCY SERVICES-4.93%90 999
AUTOMATIC DATA PROCESSING, INC.-24.59%59 012
VMWARE, INC.-22.94%50 621