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WYY Widepoint

WidePoint Corporation is a leading provider of trusted mobility management (TM2) solutions, including telecom management, mobile management, identity management, and digital billing and analytics.

Company profile

WYY stock data

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Calendar

14 May 21
27 Jul 21
31 Dec 21
Quarter (USD)
Mar 21 Dec 20 Sep 20 Jun 20
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Annual (USD)
Dec 20 Dec 19 Dec 18 Dec 17
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Financial data from Widepoint earnings reports.

Date Owner Security Transaction Code Indirect 10b5-1 $Price #Shares $Value #Remaining
11 Jun 21 Bowen Julia A Common Stock Grant Aquire A No No 7.41 6,748 50K 21,956
11 Jun 21 James Bernard Rice Common Stock Grant Aquire A No No 7.41 6,748 50K 6,748
11 Jun 21 Philip N Garfinkle Common Stock Grant Aquire A No No 7.41 9,447 70K 29,230

Data for the last complete 13F reporting period. To see the most recent changes to ownership, click the ownership history button above.

0.2% owned by funds/institutions
13F holders
Current Prev Q Change
Total holders 1 26 -96.2%
Opened positions 0 8 EXIT
Closed positions 25 12 +108.3%
Increased positions 1 2 -50.0%
Reduced positions 0 16 EXIT
13F shares
Current Prev Q Change
Total value 7K 12.25M -99.9%
Total shares 20K 1.21M -98.4%
Total puts 0 0
Total calls 0 0
Total put/call ratio
Largest owners
Shares Value Change
Founders Capital Management 20K $7K +957.6%
IFP Advisors 0 $0
Largest transactions
Shares Bought/sold Change
Vanguard 0 -502.64K EXIT
Renaissance Technologies 0 -237.2K EXIT
Raymond James Financial Services Advisors 0 -61.52K EXIT
Bridgeway Capital Management 0 -53.31K EXIT
Hussman Strategic Advisors 0 -51K EXIT
Advisor 0 -47.32K EXIT
Geode Capital Management 0 -38.6K EXIT
Acadian Asset Management 0 -36.25K EXIT
Occudo Quantitative Strategies 0 -30.5K EXIT
BLK Blackrock 0 -24.05K EXIT

Financial report summary

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Risks
  • The COVID-19 pandemic or another pandemic could have a material adverse impact on our business and operations.
  • The loss of significant customer contracts, including our IDIQ with the Department of Homeland Security, could also have an adverse impact on our financial results.
  • Our sales cycles can be long, unpredictable and require considerable time and expense, which may cause our operating results to fluctuate.
  • Our financial resources are limited and the failure of one or more new product or service offerings could materially harm our financial results.
  • We currently have access to a credit facility agreement, which requires us to maintain financial covenants and failure to maintain such covenants could limit our access to debt capital and simultaneously require immediate repayment of borrowings by our lender.
  • Federal agencies and certain large customers can unexpectedly terminate their contracts with us at any time without penalty.
  • Our inability to accurately price and sell our product offerings at an acceptable profit margin that customers are willing to pay will have a negative impact on our business that could extend for a number of years.
  • If we fail to effectively manage and develop our strategic relationships with key systems integrators, or if those third parties choose not to market and sell our TM2 offering, our operating results would suffer.
  • We provide minimum service-level commitments to many of our customers, and our inability to meet those commitments could result in significant loss of customers, harm to our reputation and costs to us.
  • Our long-term success in our industry depends, in part, on our ability to expand the sales of our solutions to customers located outside of the United States, and thus our business is susceptible to risks associated with international sales and operations.
  • A continued proliferation and diversification of communications technologies or devices could increase the costs of providing our software products or limit our ability to provide our TM2 offering to potential customers.
  • If a communications carrier prohibits customer disclosure of communications billing and usage data to us, the value of our solution to customers of that carrier would be impaired, which may limit our ability to compete for their business.
  • We may incur substantial costs in connection with contracts awarded through a competitive procurement process, which could negatively impact our operating results.
  • Our failure to obtain and maintain security certifications and necessary security clearances may limit our ability to perform classified work directly for government customers as a prime contractor or subcontractor, which could cause us to lose business.
  • Federal government contracts contain provisions giving government customers a variety of rights that are unfavorable to us, including the ability to terminate a contract at any time for convenience.
  • Security breaches or cybersecurity events could result in the loss of customers and negative publicity and materially harm our business.
  • Actual or perceived breaches of our security measures, or governmental required disclosure of customer information could diminish demand for our solution and subject us to substantial liability.
  • We may be liable to our customers for damages caused by our services or by our failure to remedy system failures.
  • Our ability to provide services to our customers depends on our customers’ continued high-speed access to the internet and the continued reliability of the internet infrastructure.
  • Defects or errors in our TM2 platform and/or processes could harm our reputation, impair our ability to sell our products and result in significant costs to us.
  • Assertions by a third party that our software products or technology infringes its intellectual property, whether or not correct, could subject us to costly and time-consuming litigation or expensive licenses.
  • We may be unable to protect our proprietary software and methodology.
  • Our failure to comply with complex procurement laws and regulations could cause us to lose business and subject us to a variety of penalties.
  • The adoption of new procurement laws or regulations could reduce the amount of services that are outsourced by the federal government and cause us to experience reduced revenues.
  • Unfavorable government audit results could subject us to a variety of penalties and sanctions, and could harm our reputation and relationships with our customers.
  • Our common stock price has been volatile and is likely to be volatile in the future.
  • The future sale of shares of our common stock may negatively affect our common stock price and/or be dilutive to current stockholders.
  • A third party could be prevented from acquiring shares of our common stock at a premium to the market price because of our anti-takeover provisions.
  • We do not expect to declare any dividends in the foreseeable future.
Management Discussion
  • ITEM 2. MANAGEMENT’S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS OF OPERATIONS.
  • This Quarterly Report on Form 10-Q contains forward-looking statements concerning our business, operations and financial performance and condition as well as our plans, objectives and expectations for our business operations and financial performance and condition that are subject to risks and uncertainties. All statements other than statements of historical fact included in this Form 10-Q are forward-looking statements. You can identify these statements by words such as “aim,” “anticipate,” “assume,” “believe,” “could,” “due,” “estimate,” “expect,” “goal,” “intend,” “may,” “objective,” “plan,” “potential,” “positioned,” “predict,” “should,” “target,” “will,” “would” and other similar expressions that are predictions of or indicate future events and future trends. These forward-looking statements are based on current expectations, estimates, forecasts and projections about our business and the industry in which we operate and our management's beliefs and assumptions. These statements are not guarantees of future performance or development and involve known and unknown risks, uncertainties and other factors that are in some cases beyond our control. All forward-looking statements are subject to risks and uncertainties that may cause actual results to differ materially from those that we expected, including:
  • The risk factors set forth in our Annual Report on Form 10-K for the year ended December 31, 2020 filed with the SEC on March 24, 2021.
Content analysis
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