secwatch.observer — SEC 8-K summary
======================================

Issuer:     WIDEPOINT CORP (WYY)
CIK:        0001034760
Form:       8-K
Filed at:   2021-08-17T23:59:59+00:00
Accession:  0001654954-21-009157
Event type: earnings
Sentiment:  negative
Materiality: 0.65
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1034760/000165495421009157/0001654954-21-009157-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1034760/000165495421009157/wyy_8-k.htm
  HTML page:      https://secwatch.observer/filing/0001654954-21-009157

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer