WidePoint (AMEX:WYY) Stock, Quote.Headers.trade-ideas

WidePoint

WidePoint Corp is a provider of Technology Management as a Service (TMaaS) that consists of federally certified communications management, identity management, interactive bill presentment and analytics, and Information Technology as a Service solution. Its solutions include Telecom Lifecycle Management, Digital billing communications solutions, and Mobile and Identity management. Geographically the company generates a majority of its revenue from the United States and rest from Europe.

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The Nasdaq Composite dropped by more than 400 points on Friday. Investors, meanwhile, focused on some notable insider trades.

When insiders purchase or sell shares, it indicates their confidence or concern around the company&#39;s prospects. Investors and traders interested in penny stocks can consider this a factor in their overall investment or trading decision.

3 Stocks Under $3 Insiders Are Aggressively Buying

WidePoint Corp

WidePoint (AMEX:<a class="ticker" href="https://www.benzinga.com/stock/WYY#AMEX">WYY</a>) reported quarterly losses of $(0.05) per share which beat the analyst consensus estimate of $(0.08) by 37.5 percent. This is a 50 percent increase over losses of $(0.10) per share from the same period last year. The company reported $36.04 million in sales this quarter. This is a 34.67 percent increase over sales of $26.76 million the same period last year.

Earnings

Earnings Beats

WidePoint Q2 2024 GAAP EPS $(0.05) Beats $(0.08) Estimate, Sales $36.04M Up From $26.76M YoY

Contracts

WidePoint Corporation Secures $2.84M In New Contracts And Renewals For Enterprise Cyber Security And Mobile Technology Services

<h3>Gainers</h3>
<ul>
<li>SMX (Security Matters) (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SMX#NASDAQ">SMX</a>) shares rose 23.6% to $0.14 during Thursday's pre-market session. The company's market cap stands at $5.7 million. </li>
<li>Nano Dimension (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NNDM#NASDAQ">NNDM</a>) shares moved upwards by 10.64% to $2.39. The company's market cap stands at $523.9 million. </li>
<li>LeddarTech Holdings (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/LDTC#NASDAQ">LDTC</a>) shares moved upwards by 7.36% to $1.02. The company's market cap stands at $30.0 million. </li>
<li>Inuvo (AMEX:<a class="ticker" href="https://www.benzinga.com/stock/INUV#AMEX">INUV</a>) shares increased by 7.01% to $0.27. The company's market cap stands at $37.8 million. </li>
<li>Research Frontiers (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/REFR#NASDAQ">REFR</a>) shares rose 6.52% to $1.96. The market value of their outstanding shares is at $65.6 million. </li>
<li>Presto Automation (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PRST#NASDAQ">PRST</a>) stock rose 6.28% to $0.08. The company's market cap stands at $13.1 million. </li>
</ul>
<h3>Losers</h3>
<ul>
<li>SatixFy Communications (AMEX:<a class="ticker" href="https://www.benzinga.com/stock/SATX#AMEX">SATX</a>) stock decreased by 7.8% to $0.61 during Thursday's pre-market session. The company's market cap stands at $50.9 million. </li>
<li>TROOPS (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TROO#NASDAQ">TROO</a>) stock declined by 5.29% to $2.51. The company's market cap stands at $255.0 million. </li>
<li>American Software (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AMSWA#NASDAQ">AMSWA</a>) stock fell 4.97% to $8.62. The company's market cap stands at $286.8 million. </li>
<li>WidePoint (AMEX:<a class="ticker" href="https://www.benzinga.com/stock/WYY#AMEX">WYY</a>) shares fell 4.43% to $3.89. The market value of their outstanding shares is at $36.2 million. </li>
<li>QXO (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/QXO#NASDAQ">QXO</a>) stock fell 4.11% to $63.01. The company's market cap stands at $41.8 million. </li>
<li>Sequans Communications (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SQNS#NYSE">SQNS</a>) stock declined by 3.85% to $0.5. The market value of their outstanding shares is at $30.9 million. 
See Also: <a href="http://www.benzinga.com/money/tech-stocks/" title="www.benzinga.com/money/tech-stocks/">www.benzinga.com/money/tech-stocks/</a></li>
</ul>
This article was generated by Benzinga's automated content engine and reviewed by an editor.

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12 Information Technology Stocks Moving In Thursday's Pre-Market Session

WIIM

WidePoint shares are trading higher after the company announced that the U.S. Department of Homeland Security increased the ceiling of the Cellular Wireless Managed Services 2.0 Indefinite Delivery/Indefinite Quantity contract from $500 million to $754 million.

WidePoint Announces The DHS Has Increased The Ceiling Of The Cellular Wireless Managed Services IDIQ Contract From $500M To $754M

WidePoint Q1 2024 EPS $(0.07) Up From $(0.11) YoY; Revenue $34.2M Up From $25.3M YoY

WidePoint is Among 7 Companies Selected by the U.S. Navy to Provide Wireless and Telecommunications Services.
FAIRFAX, VA / ACCESSWIRE / May 8, 2024 / <a href="https://pr.report/3sSgbW5m">WidePoint Corporation</a> <a href="https://pr.report/ND-2IGdr">(NYSE:</a><a href="https://www.benzinga.com/stock/WYY#NYSE">WYY</a>), the innovative enterprise security and mobile technology provider, announced that the U.S. Navy has included the company in the fourth iteration of the Wireless and Telecommunications Services vehicle ("Spiral 4").
WidePoint, along with six other companies including the U.S. "Big Three" wireless carriers, was awarded a position on a 10-year, $2.7 billion Spiral 4 contract to provide a full range of <a href="https://pr.report/hYJ7vKZz">wireless and telecommunication services to </a>military personnel and federal civilian employees stationed within the country and U.S. territories. The Naval Supply Systems Command Fleet Logistics Center San Diego launched a <a href="https://pr.report/OSJMC4UN">full-and-open competition</a> in late January for the indefinite-delivery, indefinite-quantity (IDIQ) contract, which includes hardware, software, firmware and related IT equipment and services. The U.S. Department of Defense announced the firm-fixed-price, IDIQ contract has a one-year base period valued at approximately $267 million and nine one-year option periods that would run through May 2034 if all options are exercised.

WidePoint Selected By U.S. Navy For 10-Year, $2.7B Spiral 4 Contract To Supply A Full Range Of Wireless And Telecommunication Services To Military Personnel And Federal Civilian Employees Stationed

<a href="https://www.govconwire.com/2024/05/navy-selects-7-vendors-for-2-7b-follow-on-wireless-mobility-services-contract/" title="https://www.govconwire.com/2024/05/navy-selects-7-vendors-for-2-7b-follow-on-wireless-mobility-services-contract/">https://www.govconwire.com/2024/05/navy-selects-7-vendors-for-2-7b-follow-on-wireless-mobility-services-contract/</a>
&nbsp;
The U.S. Navy has awarded seven companies spots on a potential 10-year, $2.67 billion recompete contract to provide <a href="https://www.defense.gov/News/Contracts/Contract/Article/3765102/">wireless mobility devices and related services</a> for military personnel and federal civilian employees stationed within the country and U.S. territories.&nbsp;
&nbsp;
The Department of Defense said Friday the firm-fixed-price, indefinite-delivery/indefinite-quantity contract has a one-year base period valued at approximately $267 million and nine option years that could run through May 2034 if all options are exercised.
The Naval Supply Systems Command Fleet Logistics Center San Diego launched a <a href="https://www.govconwire.com/2024/02/navy-seeks-proposals-for-2-7b-wireless-and-telecommunications-services-recompete/">full-and-open competition</a> in late January and received eight offers for the IDIQ contract, which includes hardware, software, firmware and related equipment.
NAVSUP FLC is obligating $21,000 in operation and maintenance funds for fiscal year 2024.
The awardees are:
<ul>
<li>AT&amp;T (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/T#NYSE">T</a>)</li>
<li>Hughes Network Systems</li>
<li>MetTel</li>
<li>Real Mobile</li>
<li>T-Mobile (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TMUS#NASDAQ">TMUS</a>)</li>
<li>Verizon (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/VZ#NYSE">VZ</a>)</li>
<li>WidePoint</li>
</ul>

TMUS

"Navy Selects 7 Vendors For $2.7B Follow-On Wireless Mobility Services Contract" - GovConWire

<ul>
<li>More than 18 contractual actions resulting in approximately $22.7 million in contract value
<ul>
<li>Approximately $1.0 million in commercial contracts</li>
<li>Approximately $21.7 million in government contracts</li>
</ul>
</li>
<li>Numerous federal contracts including: the U.S. Department of Homeland Security, U.S. Customs and Border Protection, the National Science Foundation and the Transportation Security Administration</li>
<li>Renewals and new orders for WidePoint's IAM offerings including university, aerospace and defense organizations</li>
<li>Multi-year Managed Services contracts with leading financial and bottling enterprises</li>
</ul>

WidePoint Awarded $22.7M In Tech And Cyber Security Services Contracts During Q1 2024

WidePoint Q4 2024 EPS $(0.15) Up From $(1.02) YoY; Revenue $28.3M Up From $23.3M YoY

<h3>Companies Reporting Before The Bell</h3>
&bull; bluebird bio (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/BLUE#NASDAQ">BLUE</a>) is likely to report quarterly loss at $0.66 per share on revenue of $16.68 million.
&bull; AIM ImmunoTech (AMEX:<a class="ticker" href="https://www.benzinga.com/stock/AIM#AMEX">AIM</a>) is estimated to report earnings for its fourth quarter.
&bull; Elbit Systems (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ESLT#NASDAQ">ESLT</a>) is projected to report quarterly earnings at $1.38 per share on revenue of $1.52 billion.
&bull; GDS Holdings (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GDS#NASDAQ">GDS</a>) is likely to report quarterly loss at $0.33 per share on revenue of $357.63 million.
&bull; Bragg Gaming Group (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/BRAG#NASDAQ">BRAG</a>) is estimated to report quarterly loss at $0.01 per share on revenue of $37.82 million.
&bull; BioLine Rx (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/BLRX#NASDAQ">BLRX</a>) is expected to report earnings for its fourth quarter.
&bull; Zhihu (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ZH#NYSE">ZH</a>) is likely to report quarterly loss at $0.04 per share on revenue of $148.11 million.
&bull; DouYu Intl Hldgs (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/DOYU#NASDAQ">DOYU</a>) is estimated to report quarterly loss at $0.02 per share on revenue of $170.91 million.
&bull; Waterdrop (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/WDH#NYSE">WDH</a>) is estimated to report quarterly earnings at $0.01 per share on revenue of $94.55 million.
&bull; Forza X1 (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/FRZA#NASDAQ">FRZA</a>) is likely to report earnings for its fourth quarter.
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&bull; Delcath Systems (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/DCTH#NASDAQ">DCTH</a>) is expected to report quarterly loss at $0.51 per share on revenue of $540 thousand.
&bull; Volato Group (AMEX:<a class="ticker" href="https://www.benzinga.com/stock/SOAR#AMEX">SOAR</a>) is estimated to report earnings for its fourth quarter.
&bull; Movado Group (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MOV#NYSE">MOV</a>) is likely to report quarterly earnings at $0.39 per share on revenue of $174.80 million.
&bull; Cognition Therapeutics (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CGTX#NASDAQ">CGTX</a>) is estimated to report earnings for its fourth quarter.
&bull; McCormick &amp; Co (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MKC#NYSE">MKC</a>) is expected to report quarterly earnings at $0.58 per share on revenue of $1.56 billion.
&bull; Kaspi.kz (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/KSPI#NASDAQ">KSPI</a>) is estimated to report earnings for its first quarter.
&bull; TD Synnex (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SNX#NYSE">SNX</a>) is likely to report quarterly earnings at $2.84 per share on revenue of $14.36 billion.
<h3>Companies Reporting After The Bell</h3>
&bull; Sidus Space (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SIDU#NASDAQ">SIDU</a>) is estimated to report earnings for its fourth quarter.
&bull; Marpai (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MRAI#NASDAQ">MRAI</a>) is estimated to report earnings for its fourth quarter.
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&bull; Aptose Biosciences (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/APTO#NASDAQ">APTO</a>) is projected to report earnings for its fourth quarter.
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&bull; US Energy (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/USEG#NASDAQ">USEG</a>) is expected to report quarterly loss at $0.03 per share on revenue of $8.87 million.
&bull; X Financial (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/XYF#NYSE">XYF</a>) is likely to report earnings for its fourth quarter.
&bull; Iridex (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/IRIX#NASDAQ">IRIX</a>) is likely to report quarterly loss at $0.05 per share on revenue of $14.90 million.
&bull; iPath Series B Carbon Exchange-Traded Notes (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GRN#NYSE">GRN</a>) is projected to report quarterly loss at $0.01 per share on revenue of $13.40 million.
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&bull; BioAtla (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/BCAB#NASDAQ">BCAB</a>) is expected to report earnings for its fourth quarter.
&bull; GameStop (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GME#NYSE">GME</a>) is likely to report quarterly earnings at $0.29 per share on revenue of $2.05 billion.
&bull; Forge Global Holdings (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/FRGE#NYSE">FRGE</a>) is likely to report quarterly loss at $0.10 per share on revenue of $19.57 million.
&bull; Biora Therapeutics (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/BIOR#NASDAQ">BIOR</a>) is expected to report earnings for its fourth quarter.
&bull; ProSomnus (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/OSA#NASDAQ">OSA</a>) is expected to report quarterly loss at $0.31 per share on revenue of $7.37 million.
&bull; ATA Creativity Glb (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AACG#NASDAQ">AACG</a>) is likely to report earnings for its fourth quarter.
&bull; Noah Holdings (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/NOAH#NYSE">NOAH</a>) is estimated to report earnings for its fourth quarter.
&bull; PAVmed (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PAVM#NASDAQ">PAVM</a>) is projected to report quarterly loss at $1.89 per share on revenue of $1.05 million.
&bull; AEye (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/LIDR#NASDAQ">LIDR</a>) is likely to report quarterly loss at $1.20 per share on revenue of $100 thousand.
&bull; Velo3D (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/VLD#NYSE">VLD</a>) is likely to report quarterly loss at $0.08 per share on revenue of $19.50 million.
&bull; Progress Software (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PRGS#NASDAQ">PRGS</a>) is expected to report quarterly earnings at $1.14 per share on revenue of $181.91 million.
&bull; WidePoint (AMEX:<a class="ticker" href="https://www.benzinga.com/stock/WYY#AMEX">WYY</a>) is estimated to report earnings for its fourth quarter.
&bull; LuxUrban Hotels (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/LUXH#NASDAQ">LUXH</a>) is expected to report quarterly earnings at $0.09 per share on revenue of $34.20 million.
&bull; Oxbridge Re Holdings (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/OXBR#NASDAQ">OXBR</a>) is expected to report earnings for its fourth quarter.
&bull; Concentrix (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CNXC#NASDAQ">CNXC</a>) is estimated to report quarterly earnings at $2.58 per share on revenue of $2.38 billion.
&bull; Ouster (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/OUST#NYSE">OUST</a>) is likely to report quarterly loss at $0.83 per share on revenue of $24.06 million.
&bull; Ncino (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NCNO#NASDAQ">NCNO</a>) is expected to report quarterly earnings at $0.12 per share on revenue of $124.62 million.
&bull; PaySign (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PAYS#NASDAQ">PAYS</a>) is projected to report quarterly earnings at $0.02 per share on revenue of $12.62 million.
&bull; Ryvyl (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/RVYL#NASDAQ">RVYL</a>) is estimated to report quarterly loss at $0.40 per share on revenue of $18.00 million.
This article was generated by Benzinga&#39;s automated content engine and reviewed by an editor.

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Earnings Scheduled For March 26, 2024

WidePoint Shares Resume Trade

<a href="https://pr.report/yk9a5-zB">WidePoint Corporation</a> <a href="https://pr.report/or5dnlkq">(NYSE:</a><a href="https://www.benzinga.com/stock/WYY#NYSE">WYY</a>), the innovative technology Managed Solution Provider (MSP) specializing in Identity &amp; Access Management (IAM), Telecommunications and Managed Mobility Services (MMS), Analytics &amp; Billing as a Service (ABaaS), and IT as a Service (ITaaS), today announced positive operational and financial results for 2023 and shared its priorities for a robust 2024.
Preliminary Fourth Quarter and Full Year 2023 Results Based on preliminary, unaudited financial results, WidePoint anticipates meeting its revenue guidance of $103 million to $108 million for the full year 2023. Highlights and preliminary financial results for the fourth quarter and full year 2023 include:
<ul>
<li>Full year 2023 Revenues of approximately $106 million</li>
<li>26th consecutive quarter of positive Adjusted EBITDA</li>
<li>Sequential quarter-over-quarter growth in Adjusted EBITDA for 2023</li>
<li>Cashflow positive in Q4 2023 (Cashflow is defined as Adjusted EBITDA less capital expenditures)</li>
<li>Ended 2023 with approximately $6.9 million in cash and cash equivalents, with no bank debt</li>
</ul>
2023 Operational and Product Development Highlights In 2023, WidePoint strategically enhanced its product development initiatives to strengthen and broaden operational capabilities. Milestones and achievements include:
<ul>
<li>The Intelligent Telecommunications Management System (ITMS) has reached the In-Process status under FedRAMP</li>
<li>Opened two new locations for issuing Identity &amp; Access Management credentials</li>
<li>Offered credential issuance for ECA and NFI PIV-I Credentials and ECA Medium Hardware Credentials in Columbus, Ohio, Fairfax, Virginia, and Hampton, Virginia</li>
<li>ECA credentials issued at more than 18,000 unique enterprises including Fortune 500 companies, small businesses, colleges and universities, private and public research organizations, healthcare organizations, and banks and financial institutions</li>
<li>The Unified Communication Analytics Application is now in the Microsoft Marketplace</li>
</ul>
2024 Financial Outlook Building upon a robust fourth quarter marked by material new contract awards in Q4, WidePoint sustains its momentum with a substantial federal contract backlog totaling $359 million as of December 31, 2023. Fueled by this backlog and strong demand, WidePoint 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.
Management Commentary "This past year was pivotal for WidePoint, as evidenced by our strong financial performance and strategic operational achievements of organic growth," said WidePoint CEO Jin Kang. "Not only do we expect to reach the higher end of our revenue guidance, but we also achieved cash flow positivity by the year's end and anticipate continuing this trend throughout 2024. Our continued focus on sales and marketing initiatives has yielded fruitful results with a robust pipeline. The consistent renewal rates of contracts underscore our unwavering commitment to protecting our customers' privacy through our enterprise solutions. The performance seen this past year prompted us to increase investments in sales and marketing efforts to sustain our positive momentum into 2024. Additionally, pipelines for all our business solutions have created synergistic opportunities for cross-selling and upselling, further propelling WidePoint's overall growth trajectory. We also see customers reengaging with us as the COVID pandemic recedes. Customers are focusing more resources on mobile security and increasingly, understanding the value of WidePoint's most secure IAM solutions and our zero-trust security model. The prioritization on security and a growing understanding about the differentiation of WidePoint's solutions are providing additional tailwinds for our business."
2024 Outlook and Strategic Priorities WidePoint's capital investments made throughout 2023 have for the most part been completed and the company does not expect to see material capital expenditures in 2024. The completion of key capital investments, including establishment of hybrid issuance capabilities, and the successful deployment of the Unified Communication Analytics Application, now in the Microsoft Marketplace, are pivotal drivers anticipated to fuel the company's long-term growth. Additionally, the investment in the Intelligent Technology Management System continues to yield positive results as ITMS nears its final FedRAMP Authorized designation, as well as our hot COOP site nearing completion; both projected for completion in the first half of 2024.
In 2023, WidePoint made significant progress in strengthening its sales and marketing efforts, deploying a robust strategy to expand its market presence. Despite facing challenging macro-economic headwinds, the company strategically maneuvered through these obstacles by concentrating its efforts on capturing higher margin contracts. This targeted approach enabled WidePoint to sustain its competitive advantage while mitigating the effects of external economic fluctuations.
In 2024, WidePoint remains committed to advancing its sales and marketing initiatives, with plans to allocate additional resources and budget toward enhancing its staff and capabilities. Specifically, WidePoint will seize the current momentum gained in Q4 2023 by adding an additional senior level commercial sales resource, an established Federal Business Development resource with a proven track record within the D.C. area, and a Vendor-Partner Manager for the expansion of strategic partners in 2024. WidePoint remains dedicated to safeguarding its customers' right to privacy through the application of its TM2 solutions, notably the IAM solutions to uphold the highest standards of security and confidentiality for its customers. Cybersecurity has never been more critical and WidePoint is positioned to tackle this epidemic of security breaches through the convergence of WidePoint Managed Mobility Services (MMS) and Identity and Access Management (IAM). Adoption of a Zero Trust environment for the B2B and D2C world is not an optional feature, it is a must, and WidePoint's IAM solution is the basis for Zero Trust.
Within the K-12 sector, WidePoint continues to seize opportunities, having collaborated with various school districts conducting pilots across three states. The company recently engaged with a subject matter expert within K-12 to facilitate a partnership program aimed at integrating WidePoint's IAM solutions into existing offerings for numerous K-12 entities, accelerating market penetration. WidePoint remains committed to enhancing the overall solutions provided during the pilot phase to ensure readiness for market launch through this partnership program to protect the most at-risk demographic of our population.
All of WidePoint's business solutions continue to contribute significantly to the company's overall success. As such, all of the business solutions experienced growth year-over-year and see this trend continuing throughout 2024. Each business solution is an integrated layer in WidePoint's full set of TM2 solutions that provides opportunities for cross-selling and upselling to spur on additional growth. These business solutions continue to play a crucial role in strengthening WidePoint's competitive edge and unlocking additional pathways for business growth and development.
Further details and discussion of operational and financial results will be included in the fourth quarter and fiscal year 2023 earnings release and conference call.

Guidance

WidePoint Sees FY23 Revenue $106M Vs $104.16M Est.; Building Upon A Robust Q4, Sustains Momentum With A Substantial Federal Contract Backlog Totaling $359M As Of December 31, 2023

WidePoint Shares Halted, News Pending

<a href="https://pr.report/UWKfeAgO">WidePoint Corporation</a> <a href="https://pr.report/HkaKwgxo">(NYSE:</a><a href="https://www.benzinga.com/stock/WYY#NYSE">WYY</a>), the innovative technology Managed Solution Provider (MSP) specializing in Identity &amp; Access Management (IAM), Telecommunications and Managed Mobility Services (MMS), Analytics &amp; Billing as a Service (ABaaS), and IT as a Service (ITaaS), announced that its subsidiary <a href="https://pr.report/FoGpk7ec">IT Authorities</a> has been awarded a new three-year contract valued at more than $1.4 million from a major Florida attraction and research center.
Jason Caras, CEO of IT Authorities, stated: "This contract award expands IT Authorities' reputation as a leading MSP. I am proud of the IT Authorities team for their dedication and expertise which allowed us to win this contract. We will be providing a full scope of managed IT services, including cyber security services, to one of Florida's most popular attractions and research centers."
The contract encompasses:
<ul>
<li>Managed IT Services (24x7x365 Management and Support)
<ul>
<li>Monitoring and management of technology</li>
<li>End user support</li>
<li>Disaster recovery planning</li>
<li>Strategy &amp; Consulting</li>
</ul>
</li>
<li>Managed Cyber Security Services (24x7x365 Management and Support)
<ul>
<li>Security Operations Center as a Service (SOC-as-a-Service)</li>
<li>Security Information Event Management (SIEM)</li>
</ul>
</li>
</ul>
Jin Kang, WidePoint's CEO, added: "This award is a prime example of successful cross-sell efforts by our organization. By incorporating cyber security services, IT Authorities is combining WidePoint's strengths to win and elevate WidePoint's position in the MSP arena."

WidePoint's Subsidiary IT Authorities Awarded New $1.4M Managed IT And Cyber Services Contract

WidePoint Issued Purchase Order From Commercial Entity To Provide Services To U.S. Government Customer Telecom Solutions With $20M Contract Ceiling; Includes Performance Period Of 5 Years; Consists Of Three-Year Base Period And Two One-Year Option Periods

<h3>Gainers</h3>
<ul>
<li>Phunware (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PHUN#NASDAQ">PHUN</a>) stock moved upwards by 268.9% to $0.28 during Tuesday's regular session. The company's market cap stands at $50.0 million. </li>
<li>DatChat (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/DATS#NASDAQ">DATS</a>) stock rose 61.8% to $3.39. The company's market cap stands at $7.1 million. </li>
<li>SEALSQ (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/LAES#NASDAQ">LAES</a>) shares rose 36.73% to $3.09. The market value of their outstanding shares is at $27.8 million. </li>
<li>Remark Hldgs (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MARK#NASDAQ">MARK</a>) stock rose 17.75% to $0.54. The market value of their outstanding shares is at $11.3 million. </li>
<li>Pagaya Techs (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PGY#NASDAQ">PGY</a>) stock increased by 15.71% to $1.22. The market value of their outstanding shares is at $866.8 million. </li>
<li>WidePoint (AMEX:<a class="ticker" href="https://www.benzinga.com/stock/WYY#AMEX">WYY</a>) stock moved upwards by 14.41% to $2.54. The market value of their outstanding shares is at $22.4 million. </li>
</ul>
<h3>Losers</h3>
<ul>
<li>Applied Digital (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/APLD#NASDAQ">APLD</a>) shares decreased by 22.1% to $5.83 during Tuesday's regular session. The market value of their outstanding shares is at $620.2 million. The company's, Q2 earnings came out today. </li>
<li>Minim (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MINM#NASDAQ">MINM</a>) stock declined by 19.8% to $2.38. The market value of their outstanding shares is at $6.2 million. </li>
<li>Inuvo (AMEX:<a class="ticker" href="https://www.benzinga.com/stock/INUV#AMEX">INUV</a>) shares decreased by 15.85% to $0.37. The market value of their outstanding shares is at $50.6 million. </li>
<li>The9 (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NCTY#NASDAQ">NCTY</a>) shares fell 14.68% to $5.0. The company's market cap stands at $22.4 million. </li>
<li>Porch Group (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PRCH#NASDAQ">PRCH</a>) stock declined by 13.07% to $2.29. The market value of their outstanding shares is at $226.9 million. </li>
<li>Nvni Group (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NVNI#NASDAQ">NVNI</a>) stock declined by 12.53% to $2.23. The company's market cap stands at $63.3 million. 
See Also: <a href="http://www.benzinga.com/money/tech-stocks/" title="www.benzinga.com/money/tech-stocks/">www.benzinga.com/money/tech-stocks/</a></li>
</ul>
This article was generated by Benzinga's automated content engine and reviewed by an editor.

APLD

DATS

LAES

MARK

NCTY

NVNI

PHUN

PRCH

12 Information Technology Stocks Moving In Tuesday's Intraday Session

<a href="https://pr.report/FbfY48KS">WidePoint Corporation</a> <a href="https://pr.report/xWC4Jae-">(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/WYY#NYSE">WYY</a>)</a>, the innovative technology Managed Solution Provider (MSP) specializing in Identity &amp; Access Management (IAM), Telecommunications and Managed Mobility Services (MMS), Analytics &amp; Billing as a Service (ABaaS), and IT as a Service (ITaaS), announced that it was awarded more than $70.3 million in contracts during the fourth quarter of 2023.
Jin Kang, WidePoint's CEO, stated: "The fourth quarter was a great ending to 2023 for WidePoint with more than 30 contractual actions across our business units. These wins include new awards, renewals, contract extensions and exercised option periods for our MMS, IAM and ITaas solutions. Importantly, numerous contracts that had been delayed or impacted by government funding were finally awarded and are even being carried over into this month. Much of that revenue will be realized in the first quarter of 2024 and beyond. We're optimistic with how operations have been at the start of the new year and look forward to sustaining this trend throughout 2024."
Highlights include:
<ul>
<li>More than 30 contractual actions resulting in more than $70,300,000 in contract value
<ul>
<li>More than $64.9 million in new business</li>
<li>Approximately $1.3 million in commercial contracts</li>
<li>Approximately $69 million in government contracts</li>
</ul>
</li>
<li>Numerous federal contracts including, among others, the U.S. Department of Homeland Security, the United States Coast Guard, U.S. Customs and Border Protection, U.S. Courts, the Federal Emergency Management Agency and the U.S. Department of Health &amp; Human Services</li>
<li>Telecom Expense Management and MMS contracts with a major commercial airline</li>
<li>Multi-year MPS contracts with leading healthcare and bottling enterprises</li>
<li>Renewals and new orders for WidePoint's IAM offerings</li>
</ul>
Jason Holloway, WidePoint's Chief Revenue Officer, stated: "With cyber-attacks crippling organizations around the globe on a daily basis, we are committed to delivering enhanced security to protect remote teams, mobile resources, work environments and IT infrastructure. WidePoint is proud that our IAM solutions are increasingly being adopted and looks forward to expanding our impact in 2024."

WidePoint Awarded More Than $70.3M In IT And Security Services Contracts During Q4 2023

<h3>Gainers</h3>
<ul>
<li>Infobird Co (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/IFBD#NASDAQ">IFBD</a>) shares increased by 22.4% to $1.2 during Monday's pre-market session. The company's market cap stands at $8.9 million. </li>
<li>FOXO Technologies (AMEX:<a class="ticker" href="https://www.benzinga.com/stock/FOXO#AMEX">FOXO</a>) stock moved upwards by 10.6% to $0.34. The company's market cap stands at $2.1 million. </li>
<li>Mobilicom (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MOB#NASDAQ">MOB</a>) shares rose 9.94% to $2.1. The company's market cap stands at $10.1 million. </li>
<li>WidePoint (AMEX:<a class="ticker" href="https://www.benzinga.com/stock/WYY#AMEX">WYY</a>) shares increased by 9.37% to $2.45. The market value of their outstanding shares is at $21.6 million. </li>
<li>XIAO-I (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AIXI#NASDAQ">AIXI</a>) shares rose 7.55% to $2.42. The market value of their outstanding shares is at $174.3 million. </li>
<li>AmpliTech Gr (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AMPG#NASDAQ">AMPG</a>) shares moved upwards by 6.28% to $2.03. The company's market cap stands at $19.6 million. </li>
</ul>
<h3>Losers</h3>
<ul>
<li>DatChat (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/DATS#NASDAQ">DATS</a>) shares decreased by 14.9% to $2.8 during Monday's pre-market session. The market value of their outstanding shares is at $5.8 million. </li>
<li>SEALSQ (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/LAES#NASDAQ">LAES</a>) stock declined by 11.43% to $1.24. The company's market cap stands at $11.1 million. </li>
<li>SAI.TECH Global (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SAI#NASDAQ">SAI</a>) shares fell 10.42% to $1.29. The market value of their outstanding shares is at $30.7 million. </li>
<li>BIO-key Intl (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/BKYI#NASDAQ">BKYI</a>) shares declined by 9.59% to $3.25. The market value of their outstanding shares is at $3.0 million. </li>
<li>ClearOne (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CLRO#NASDAQ">CLRO</a>) stock decreased by 8.23% to $0.98. The market value of their outstanding shares is at $23.5 million. </li>
<li>AEye (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/LIDR#NASDAQ">LIDR</a>) stock decreased by 7.46% to $2.36. The market value of their outstanding shares is at $14.8 million. 
See Also: <a href="http://www.benzinga.com/money/tech-stocks/" title="www.benzinga.com/money/tech-stocks/">www.benzinga.com/money/tech-stocks/</a></li>
</ul>
This article was generated by Benzinga's automated content engine and reviewed by an editor.

AIXI

AMPG

BKYI

CLRO

FOXO

IFBD

12 Information Technology Stocks Moving In Monday's Pre-Market Session

<a href="https://pr.report/LqwN7TVy">WidePoint Corporation</a> <a href="https://pr.report/pjhqIbr2">(NYSE:</a><a href="https://www.benzinga.com/stock/WYY#NYSE">WYY</a>), the innovative technology Managed Solution Provider (MSP) specializing in Identity &amp; Access Management (IAM), Telecommunications and Managed Mobility Services (MMS), Analytics &amp; Billing as a Service (ABaaS), and IT as a Service (ITaaS), announced that its subsidiary <a href="https://pr.report/GUqQFl62">IT Authorities</a> (ITA) has been awarded a new three-year contract initially valued at $216,000 from a mobile healthcare provider.
"IT Authorities is pleased to announce our newest managed services client in the healthcare sector, a mobile medical practice of doctors, nurse practitioners, and physician assistants making house calls," said Jason Caras, CEO of IT Authorities. "Based in Florida with locations in Ohio and Michigan, the company is expanding its nationwide reach to address the growing homebound patient population. Their unwavering commitment to compliance, particularly adherence to HIPAA regulations, reflects their dedication to safeguarding patient privacy. The selection of IT Authorities as their trusted partner underscores our ability to navigate the dynamic landscapes of the healthcare industry."
Jin Kang, WidePoint's CEO, added: "This strategic partnership is a testament to WidePoint's ongoing commitment to excellence in this pivotal field and ability to meet the rigorous technology standards of healthcare providers. This is an expansion opportunity for WidePoint. This contract is yet another example of how IT Authorities continues to deliver value for WidePoint by presenting new synergistic opportunities that solidify WidePoint's security and managed mobility solution as the benchmark for excellence and security in the industry."

WidePoint's Subsidiary IT Authorities Awarded New Contract To Provide Managed IT Services;  3-Year Contract Initially Valued At $216,000 From A Mobile Healthcare Provider

Notable earnings after Wednesday's close

WidePoint GAAP EPS of -$0.07, revenue of $34.2M

WidePoint Corporation (WYY) Q1 2024 Earnings Call Transcript

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	The post <a href="https://investorplace.com/earning-results/2024/05/wyy-stock-earnings-widepoint-for-q1-of-2024/">WYY Stock Earnings: WidePoint Reported Results for Q1 2024</a> appeared first on <a href="https://investorplace.com">InvestorPlace</a>.

WYY Stock Earnings: WidePoint Reported Results for Q1 2024

U.S. Department of Homeland Security increases WidePoint's contract value

WidePoint shares rise as co secures $2.84M in new and renewal contracts

WidePoint Q2 Earnings Preview

WidePoint GAAP EPS of -$0.05 beats by $0.03, revenue of $36M beats by $6.36M

WidePoint Corporation (WYY) Q2 2024 Earnings Call Transcript

<a href="https://investorplace.com">InvestorPlace - Stock Market News, Stock Advice &amp; Trading Tips</a>
WidePoint (NYSEMKT:<a href="https://investorplace.com/stock-quotes/wyy-stock-quote/">WYY</a>) just reported results for the second quarter of 2024.<ul><li>WidePoint reported earnings per share of -5 cents. This was above the analyst estimate for EPS of -8 cents.</li><li>The company reported revenue of $36.04 million.</li><li>This was 21.60% better than the analyst estimate for revenue of $29.64 million.</li></ul><div>InvestorPlace Earnings is a project that leverages data from <a href="https://www.tradesmith.com">TradeSmith</a> to automate coverage of quarterly earnings reports. InvestorPlace Earnings distills key takeaways including earnings per share and revenue, as well as how a company stacks up to analyst estimates. These articles are published without human intervention, allowing us to inform our readers of the latest figures as quickly as possible. To report any concerns or inaccuracies, please contact us at <a href="mailto:editor@investorplace.com">editor@investorplace.com</a>.</div><h3>More From InvestorPlace</h3>
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WidePoint (WYY) Forecast

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