WidePoint Q2 revenue $20M (-63% YoY); net loss $(0.02)/share; gross margin 20%

WIDEPOINT CORP

2021-Q2 EPS reported $0.04 revenue$40,634,263

Revenue $20.0M vs $54.8M Q2 2020; decline due to lower margin carrier services revenue reduction.
Gross margin improved to 20.0% from 9.2%; managed services revenue $8.1M.
Net loss $(205K) or $(0.02) diluted EPS; Adjusted EBITDA $531K vs $1.2M prior year.
Secured >$36M in contract awards; subsidiary achieved Microsoft Co-sell Ready status.
Company reiterates financial outlook; cash $14.9M as of June 30, 2021.

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