WidePoint Reports Second Quarter 2025 Financial Results

About this update from Widepoint Corporation

FAIRFAX, VA / ACCESS Newswire / August 14, 2025 / WidePoint Corporation(NYSE American:WYY), an innovative leader in enterprise cybersecurity and mobile technology, reported results for the second quarter ended June 30, 2025. Second Quarter 2025 and Recent Operational Highlights: Second Quarter 2025 Financial Highlights: Six Months 2025 Financial Highlights: 1 Free cash flow and Adjusted EBITDA are non-GAAP financial measures. See below for the definition of such measures and a reconciliation to GAAP.   Management Commentary WidePoint CEO Jin Kang commented: "The first half of 2025 served as a critical foundation for WidePoint's next phase of growth, driven by deliberate investments of time and resources across multiple business pipeline opportunities. These actions have set the stage for a more sustainable growth trajectory in the second half of the year, with momentum carrying into 2026. A continued key focus remained in our preparation for the upcoming U.S. Department of Homeland Security's CWMS 3.0 recompete. As the two-time incumbent, we believe our proven track record, expanded capabilities since winning CWMS 2.0 in 2020, and strategic investments across the business - including achieving the long-awaited FedRAMP authorized status for our ITMS platform, DHS's system of record and operational hub - places us in a leading position to rewin this award. We expect the final RFP to be released soon, with the award announcement anticipated by year-end. CWMS 3.0 remains a cornerstone of WidePoint's long-term growth strategy, and we are committed to continuing to deliver best-in-class services to DHS." "We continue to view DaaS as a key driver of WidePoint's long-term sustainable growth plan, particularly given the pipeline is growing and is composed of 90% large commercial, managed services opportunities. While several opportunities initially anticipated to close at the end of Q1 and throughout Q2 have shifted, we remain optimistic about the level of activity in the pipeline. We are actively investing time, resources, and capital to build the necessary infrastructure to scale this business. Notably, we secured our first DaaS contract in July, an important milestone we believe marks the beginning of a broader momentum shift heading into the second half of the year. We believe our efforts are beginning to gain tracti...

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