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

Issuer:     WIDEPOINT CORP (WYY)
CIK:        0001034760
Form:       8-K
Filed at:   2022-03-31T23:59:59+00:00
Accession:  0001654954-22-004236
Event type: earnings
Sentiment:  neutral
Materiality: 0.60
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

WidePoint Q4 2021 revenue $24.5M, net loss $0.06 EPS; full year net income $0.04 EPS
--------------------------------------------------------------------------------

- Q4 revenue $24.5M vs $28.4M YoY; net loss $575K ($0.06 diluted loss) vs net income $8.3M in prior year.
- Full year 2021 revenue $87.3M (down from $180.3M due to Census project end); net income $341K ($0.04 diluted EPS).
- Managed Services revenue up 25% YoY in Q4 excluding Census project; gross margin improved to 18.7% for full year.
- Acquired IT Authorities (ITaaS); appointed Bob George as CFO effective April 1, 2022; board suspended share repurchase in March 2022.
- Company expects managed services revenue growth of 5-10% in 2022; full guidance to be provided with Q1 2022 results.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1034760/000165495422004236/0001654954-22-004236-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1034760/000165495422004236/wyy_8k.htm
  HTML page:      https://secwatch.observer/filing/0001654954-22-004236

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