WidePoint Corp
AMEX:WYY
WidePoint Corp
WidePoint Corp. engages in the provision of Technology Management as a Service (TMaaS). The company is headquartered in Fairfax, Virginia and currently employs 215 full-time employees. TMaaS consists of federally certified communications management, identity management, interactive bill presentment and analytics, and information technology (IT) as a service solution. The company provides a range of services, which includes telecom lifecycle management, mobile and identity management, digital billing and analytics solutions, and IT as a service (ITaaS). The company offers telecom lifecycle management solutions to enterprises both in the public and private sectors. The mobile and identity management solution offers federally certified digital certificates and credentials that enable its customers to provide multifactor authentication (MFA) solutions. The digital billing and analytics solutions offer billing communications and analytics solutions to large communications service providers (CSPs). Its IT as a service solution offers cybersecurity, cloud services, network operations and professional services.
WidePoint Corp. engages in the provision of Technology Management as a Service (TMaaS). The company is headquartered in Fairfax, Virginia and currently employs 215 full-time employees. TMaaS consists of federally certified communications management, identity management, interactive bill presentment and analytics, and information technology (IT) as a service solution. The company provides a range of services, which includes telecom lifecycle management, mobile and identity management, digital billing and analytics solutions, and IT as a service (ITaaS). The company offers telecom lifecycle management solutions to enterprises both in the public and private sectors. The mobile and identity management solution offers federally certified digital certificates and credentials that enable its customers to provide multifactor authentication (MFA) solutions. The digital billing and analytics solutions offer billing communications and analytics solutions to large communications service providers (CSPs). Its IT as a service solution offers cybersecurity, cloud services, network operations and professional services.
Revenue Growth: Q3 revenue was $36.1 million, up 4% from last year, showing a modest return to growth.
Major SaaS Win: WidePoint secured a significant 3-year SaaS contract with a major U.S. telecom carrier, estimated at $40–45 million, set to begin in the second half of 2026.
Profitability Trends: Adjusted EBITDA and free cash flow rebounded sharply from last quarter, with 88% and 260% sequential increases, respectively.
Guidance Lowered: Full-year 2025 revenue, adjusted EBITDA, and free cash flow are now expected to come in slightly below prior guidance due to contract timing delays.
Strong Pipeline: Management remains optimistic about delayed opportunities materializing in 2026, including government contracts like CWMS 3.0 and new commercial deals.
Federal Backlog: The company ended the quarter with a $269 million federal contract backlog, not including the new telecom SaaS contract.
Solid Cash Position: Cash ended at $12.1 million, with no debt, and management feels well-positioned to weather any government funding turbulence.
