WidePoint Reports Increased Revenue but Sustains Loss
WidePoint reported Q3 earnings with revenue increasing to $36.1 million from $34.6 million YoY. Despite higher revenue, the company sustained a net loss of $559,185, up from $425,210 last year. Gross profit rose to $5.3 million, but higher operating expenses led to a loss from operations of $460,636. Cash and cash equivalents improved to $12.1 million. Management aims to leverage its TMaaS platform for growth and better financial performance despite fixed costs and competitive pressures.
Widepoint ( (WYY) ) has released its Q3 earnings. Here is a breakdown of the information Widepoint presented to its investors.
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WidePoint Corporation is a leading provider of Technology Management as a Service (TMaaS), offering solutions that secure, manage, and analyze mobile communications assets for government and commercial clients. In its latest earnings report for the quarter ending September 30, 2025, WidePoint reported revenues of $36.1 million, up from $34.6 million in the same period last year. Despite the increase in revenue, the company experienced a net loss of $559,185, compared to a net loss of $425,210 in the previous year. Key financial metrics reveal that while the gross profit increased to $5.3 million from $4.7 million, operating expenses also rose, leading to a loss from operations of $460,636. The company’s cash position improved significantly, with cash and cash equivalents rising to $12.1 million from $6.8 million at the end of 2024. Looking ahead, WidePoint’s management remains focused on leveraging its TMaaS platform to drive growth and improve financial performance, despite the challenges of fixed costs and competitive pressures.
