WidePoint Corp. Files 2023 Annual Report on Form 10-K

TL;DR

<b>WidePoint Corp. filed its 2023 10-K, reporting $204.57 million in revenue and $8.73 million in net income.</b>

AI Summary

WIDEPOINT CORP (WYY) filed a Annual Report (10-K) with the SEC on March 26, 2024. WidePoint Corp. reported its 2023 fiscal year results, ending December 31, 2023. The company's fiscal year 2023 revenue was $204.57 million. WidePoint Corp. had total assets of $185.56 million as of December 31, 2023. Total debt for WidePoint Corp. was $8.18 million as of December 31, 2023. The company's net income for the fiscal year 2023 was $8.73 million.

Why It Matters

For investors and stakeholders tracking WIDEPOINT CORP, this filing contains several important signals. The filing provides a comprehensive overview of WidePoint's financial performance and operational status for the fiscal year 2023, including key financial metrics and risk factors. Investors can use this report to assess the company's financial health, strategic direction, and potential risks, aiding in investment decisions.

Risk Assessment

Risk Level: — WIDEPOINT CORP shows moderate risk based on this filing. The company's financial performance, including revenue and net income, has shown fluctuations in recent years, and the filing details various risk factors that could impact future results.

Analyst Insight

Monitor WidePoint Corp.'s ability to maintain revenue growth and manage its debt levels in the upcoming fiscal year.

Financial Highlights

debt To Equity

N/A

revenue

204571400

operating Margin

N/A

total Assets

18555578

total Debt

8182000

net Income

8725476

eps

N/A

gross Margin

N/A

cash Position

N/A

revenue Growth

N/A

Revenue Breakdown

Key Numbers

• 204571400 — Revenue (FY 2023)
• 8725476 — Net Income (FY 2023)
• 18555578 — Total Assets (As of 2023-12-31)
• 8182000 — Total Debt (As of 2023-12-31)

Key Players & Entities

• WIDEPOINT CORP (company) — COMPANY CONFORMED NAME
• WYY (company) — tk
• ZMAX CORP (company) — FORMER COMPANY
• 2023-12-31 (date) — CONFORMED PERIOD OF REPORT
• 2024-03-26 (date) — FILED AS OF DATE
• 2024-02-01 (date) — Subsequent Event
• 2024-02-29 (date) — Subsequent Event

FAQ

Industry Context

WidePoint Corp. operates in the computer integrated systems design industry, providing technology solutions and managed services.

Regulatory Implications

The filing is made under the Securities Exchange Act of 1934, requiring public companies to disclose financial and operational information.

What Investors Should Do

1. Review the detailed financial statements for revenue breakdown by segment.
2. Analyze the risk factors section for potential impacts on future performance.
3. Compare key financial metrics (revenue, net income, debt) to previous fiscal years.

Key Dates

• 2023-12-31: Fiscal Year End — End of reporting period for 2023 financial data.
• 2024-03-26: Filing Date — Date the 10-K was officially filed with the SEC.

Year-Over-Year Comparison

The provided snippet does not contain sufficient information to compare with the previous filing.

Key Financial Figures

• $0.001 — e on which registered Common Stock, $0.001 par value per share WYY NYSE AMERIC
• $0.9 million — ution, and data center of approximately $0.9 million and $3.2 million, respectively, which w
• $3.2 m — enter of approximately $0.9 million and $3.2 million, respectively, which were capital

Filing Documents

• wyy_10k.htm (10-K) — 1456KB
• wyy_ex109.htm (EX-10.9) — 2KB
• wyy_ex10131.htm (EX-10.131) — 10KB
• wyy_ex191.htm (EX-19.1) — 23KB
• wyy_ex21.htm (EX-21) — 4KB
• wyy_ex231.htm (EX-23.1) — 2KB
• wyy_ex311.htm (EX-31.1) — 9KB
• wyy_ex312.htm (EX-31.2) — 11KB
• wyy_ex32.htm (EX-32) — 3KB
• wyy_ex971.htm (EX-97.1) — 23KB
• wyy_ex109img2.jpg (GRAPHIC) — 172KB
• wyy_ex10131img1.jpg (GRAPHIC) — 4KB
• wyy_ex109img3.jpg (GRAPHIC) — 124KB
• wyy_ex109img1.jpg (GRAPHIC) — 181KB
• 0001654954-24-003664.txt (&nbsp;) — 7892KB
• wyyy-20231231.xsd (EX-101.SCH) — 69KB
• wyyy-20231231_lab.xml (EX-101.LAB) — 384KB
• wyyy-20231231_cal.xml (EX-101.CAL) — 67KB
• wyyy-20231231_pre.xml (EX-101.PRE) — 336KB
• wyyy-20231231_def.xml (EX-101.DEF) — 162KB
• wyy_10k_htm.xml (XML) — 1275KB

BUSINESS

ITEM 1. BUSINESS Company Overview We are a leading 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 solutions. We help our clients achieve their organizational missions for mobility management, information technology management, and cybersecurity objectives in this challenging and complex business environment. We offer our TMaaS solutions through a flexible managed services model which includes both a scalable and comprehensive set of functional capabilities that can be used by any customer to meet the most common functional, technical and security requirements for mobility management. Our TMaaS solutions were designed and implemented with flexibility in mind such that it can accommodate a large variety of customer requirements through simple configuration settings rather than through costly software development. The flexibility of our TMaaS solutions enables our customers to be able to quickly expand or contract their mobility management requirements. Our TMaaS solutions are hosted and accessible on-demand through both a secure federal government certified proprietary portal and/or through a secure enterprise portal that provides our customers with the ability to manage, analyze and protect their valuable communications assets, and deploy identity management solutions that provide secured virtual and physical access to restricted environments. Our Solutions Our TMaaS framework combines the strengths of our core capabilities into a single secure comprehensive enterprise-wide solution set that offers our customer's the ability to securely enable and manage their mobile IT and telecommunication assets as described below: Telecom Lifecycle Management We offer comprehensive telecom lifecycle management solutions to enterprises both in the public and the private sectors. Our solutions

View Full Filing

View this 10-K filing on SEC EDGAR