WYY Widepoint

WidePoint Corp. engages in the provision of trusted mobility management (TM2) solutions. It operates through Carrier Services; and Managed Services segments. The Carrier Services include bills for costs incurred to deliver phone, data and satellite and related mobile services for a connected device or end point. The Managed Services segment delivers managed services under a full-service, quasi full-service, or self-service solution. The company was founded on May 30, 1997 and is headquartered in Fairfax, VA.
Company profile
Ticker
WYY
Exchange
Website
CEO
Jin Kang
Employees
Incorporated
Location
Fiscal year end
Industry (SIC)
Former names
ZMAX CORP
SEC CIK
Corporate docs
IRS number
522040275
WYY stock data
()
News
5 Value Stocks To Watch In The Technology Sector
13 Apr 21
WidePoint Bags Over $86M U.S. Department of Homeland Security Task Orders
24 Mar 21
WidePoint Awarded More Than $86M In Task Orders From U.S. Department Of Homeland Security
24 Mar 21
WidePoint Q4 EPS $0.94 Beats $0.02 Estimate
23 Mar 21
Earnings Scheduled For March 23, 2021
23 Mar 21
Press releases
WidePoint Awarded More than $86 Million in Task Orders from the U.S. Department of Homeland Security
24 Mar 21
WidePoint Reports Full Year and Fourth Quarter 2020 Financial Results
23 Mar 21
WidePoint Sets Fourth Quarter and Full Year 2020 Conference Call for Tuesday, March 23, 2021 at 4:30 p.m. ET
9 Mar 21
WidePoint Secures More than $10.4 Million in Trusted Mobility Management (TM2) Contracts During the Fourth Quarter of 2020
8 Mar 21
WidePoint Recognized by the International Organization for Standardization for Quality, Environmental, and Occupational Health and Safety Management Systems
23 Feb 21
Calendar
23 Mar 21
13 Apr 21
31 Dec 21
Financial summary
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Financial data from Widepoint earnings reports.
Recent insider trades
Date | Owner | Security | Transaction | Code | Indirect | 10b5-1 | $Price | #Shares | $Value | #Remaining |
---|---|---|---|---|---|---|---|---|---|---|
1 Apr 21 | Guenther Otto J | Common Stock | Sell | Dispose S | No | No | 9.635 | 6,200 | 59.74K | 51,956 |
29 Mar 21 | Guenther Otto J | Common Stock | Sell | Dispose S | No | No | 9.6 | 10,350 | 99.36K | 58,156 |
29 Mar 21 | Bowen Julia A | Common Stock | Sell | Dispose S | No | No | 9.42 | 8,000 | 75.36K | 15,208 |
18 Mar 21 | Kang Jin | Common Stock | Grant | Aquire A | No | No | 0 | 9,325 | 0 | 400,285 |
18 Mar 21 | Holloway Jason | Common Stock | Grant | Aquire A | No | No | 0 | 9,325 | 0 | 36,126 |
18 Mar 21 | Holloway Jason | Common Stock | Payment of exercise | Dispose F | No | No | 11.25 | 5,493 | 61.8K | 26,801 |
Institutional ownership Q4 2020
Data for the last complete 13F reporting period. To see the most recent changes to ownership, click the ownership history button above.
13.5% owned by funds/institutions
13F holders |
Current |
---|---|
Total holders | 26 |
Opened positions | 8 |
Closed positions | 12 |
Increased positions | 2 |
Reduced positions | 16 |
13F shares |
Current |
---|---|
Total value | 12.25M |
Total shares | 1.21M |
Total puts | 0 |
Total calls | 0 |
Total put/call ratio | – |
Largest owners |
Shares | Value |
---|---|---|
Vanguard | 502.64K | $5.08M |
Renaissance Technologies | 237.2K | $2.4M |
Raymond James Financial Services Advisors | 61.52K | $622K |
Bridgeway Capital Management | 53.31K | $539K |
Hussman Strategic Advisors | 51K | $516K |
Advisor | 47.32K | $478K |
Geode Capital Management | 38.6K | $390K |
Acadian Asset Management | 36.25K | $366K |
Occudo Quantitative Strategies | 30.5K | $308K |
BLK Blackrock | 24.05K | $244K |
Financial report summary
?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.
Content analysis
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H.S. sophomore Avg
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New words:
adhere, Alcohol, ATM, Benchmark, brightest, Britebill, broader, Cautionary, chain, chat, Citizenship, cleaning, curiosity, dealing, deducted, distancing, DMI, Eastern, EEA, EU, European, FBR, foster, GARFINKLE, Handbook, harassment, highest, IDIQ, Immigration, inspire, Instrument, learn, migrate, MobiChord, newly, pandemic, Patrol, people, phase, posed, precaution, precautionary, proper, retroactively, Riley, Sortware, Spartan, split, stakeholder, supply, tenure, threshold, Tobacco, travel, tuition, turnover, unclassified, unemployment, weather, XTec
Removed:
appointment, attainment, bargaining, BPA, cancelled, Coast, Codification, collective, comparative, disposed, employ, estimating, focusing, fully, good, Guard, impairing, infusion, leasing, lowest, man, multiplied, outlined, overcome, penetrate, periodically, permanent, piece, profile, realizability, replace, retainer, retrospective, richter, shortly, standstill, unexercised
Financial reports
10-K
2020 FY
Annual report
23 Mar 21
10-Q
2020 Q3
Quarterly report
16 Nov 20
10-Q
2020 Q2
Quarterly report
13 Aug 20
10-Q
2020 Q1
Quarterly report
14 May 20
10-K
2019 FY
Annual report
24 Mar 20
10-Q
2019 Q3
Quarterly report
14 Nov 19
10-Q
2019 Q2
Quarterly report
13 Aug 19
10-Q
2019 Q1
Quarterly report
14 May 19
10-K
2018 FY
Annual report
22 Mar 19
10-Q
2018 Q3
Quarterly report
13 Nov 18
Current reports
8-K
Fourth Quarter and Full Year 2020 Earnings Call
25 Mar 21
8-K
Entry into a Material Definitive Agreement
1 Dec 20
8-K
Third Quarter 2020 Earnings Call
18 Nov 20
8-K
Material Modifications to Rights of Security Holders
29 Oct 20
8-K
Submission of Matters to a Vote of Security Holders
24 Aug 20
8-K
Entry into a Material Definitive Agreement
18 Aug 20
8-K
Second Quarter 2020 Earnings Call
17 Aug 20
8-K
Submission of Matters to a Vote of Security Holders
22 Jun 20
8-K
First Quarter 2020 Earnings Call
19 May 20
8-K
Departure of Directors or Certain Officers
4 May 20
Registration and prospectus
424B5
Prospectus supplement for primary offering
18 Aug 20
S-3
Shelf registration
19 Jun 20
S-8
Registration of securities for employees
28 Feb 18
424B5
Prospectus supplement for primary offering
22 Oct 14
FWP
Free writing prospectus
22 Oct 14
424B5
Prospectus supplement for primary offering
21 Oct 14
424B5
Prospectus supplement for primary offering
25 Feb 14
FWP
Free writing prospectus
25 Feb 14
424B5
Prospectus supplement for primary offering
24 Feb 14
S-3/A
Shelf registration (amended)
30 Jan 14
Proxies
DEFA14A
Additional proxy soliciting materials
8 Jul 20
DEF 14A
Definitive proxy
8 Jul 20
PRE 14A
Preliminary proxy
19 Jun 20
DEFA14A
Additional proxy soliciting materials
24 Apr 20
DEF 14A
Definitive proxy
24 Apr 20
DEFA14A
Additional proxy soliciting materials
29 Apr 19
DEF 14A
Definitive proxy
29 Apr 19
DEFA14A
Additional proxy soliciting materials
6 Aug 18
DEF 14A
Definitive proxy
6 Aug 18
DEF 14A
Definitive proxy
30 Oct 17
Other
EFFECT
Notice of effectiveness
8 Jul 20
CORRESP
Correspondence with SEC
23 Jun 20
UPLOAD
Letter from SEC
23 Jun 20
EFFECT
Notice of effectiveness
4 Feb 14
UPLOAD
Letter from SEC
31 Jan 11
CORRESP
Correspondence with SEC
13 Jan 11
CORRESP
Correspondence with SEC
6 Jan 11
CORRESP
Correspondence with SEC
15 Dec 10
UPLOAD
Letter from SEC
7 Dec 10
CORRESP
Correspondence with SEC
9 Nov 10
Ownership
4
WIDEPOINT / Otto J Guenther ownership change
2 Apr 21
4
WIDEPOINT / JULIA A BOWEN ownership change
31 Mar 21
4
WIDEPOINT / Otto J Guenther ownership change
29 Mar 21
4
WIDEPOINT / Kellie H Kim ownership change
22 Mar 21
4
WIDEPOINT / JASON HOLLOWAY ownership change
22 Mar 21
4
WIDEPOINT / Jin Kang ownership change
22 Mar 21
SC 13G/A
WIDEPOINT / Nokomis Capital, L.L.C. ownership change
11 Feb 21
SC 13G
WIDEPOINT / VANGUARD ownership change
10 Feb 21
4
WIDEPOINT / Otto J Guenther ownership change
6 Jan 21
4/A
WIDEPOINT / JASON HOLLOWAY ownership change
4 Dec 20
Transcripts
2020 Q4
Earnings call transcript
24 Mar 21
2020 Q3
Earnings call transcript
16 Nov 20
2020 Q2
Earnings call transcript
13 Aug 20
2020 Q1
Earnings call transcript
14 May 20
2019 Q4
Earnings call transcript
24 Mar 20
2019 Q3
Earnings call transcript
14 Nov 19
2019 Q2
Earnings call transcript
14 Aug 19
2019 Q1
Earnings call transcript
14 May 19
2018 Q4
Earnings call transcript
22 Mar 19
2018 Q3
Earnings call transcript
14 Nov 18
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