secwatch.observer — SEC 8-K summary
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Issuer:     WIDEPOINT CORP (WYY)
CIK:        0001034760
Form:       8-K
Filed at:   2022-05-19T23:59:59+00:00
Accession:  0001654954-22-007160
Event type: earnings
Sentiment:  negative
Materiality: 0.65
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

WidePoint Q1 revenue $22.4M; net loss $0.04/share; appoints new CFO; suspends buyback
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- Q1 revenue $22.4M; net loss $393k ($0.04 diluted EPS); adjusted EBITDA $344k.
- Gross margin 17%; Managed Services revenue up 2% YoY to $9.5M.
- Appointed Bob George as CFO (effective Apr 1), replacing Kellie Kim (retired).
- Full-year 2022 guidance: revenue $92-98M, adjusted EBITDA $2.5-3.5M.
- Share repurchase paused after buying 196.6k shares for $818k; board shifted cash to investments.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1034760/000165495422007160/0001654954-22-007160-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1034760/000165495422007160/wyy_8k.htm
  HTML page:      https://secwatch.observer/filing/0001654954-22-007160

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