WidePoint FY2022 revenue $94.1M (+8% YoY), net loss $23.6M; Q4 net loss $8.9M

WIDEPOINT CORP

Full year revenue $94.1M (+8% YoY); net loss $23.6M ($2.70 diluted loss per share).
Q4 2022 revenue $23.3M; net loss $8.9M ($1.02 diluted loss per share).
Adjusted EBITDA $1.1M for FY2022 and $561K for Q4 2022 (non-GAAP).
Executed 15 contractual actions totaling >$5.7M in new funding for next 12 months.
Terminated ATM Sales Agreement on March 27, 2023; share repurchase program on hold.

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.9

WIDEPOINT CORP reported Fourth Quarter 2022 results: revenue $23.3 million, net income $8.9 million, EPS $(1.02) per diluted share.

Period: Fourth Quarter 2022
Revenue: $23.3 million
Net income: $8.9 million
EPS: $(1.02) per diluted share
Result: reported results

Exact text from the filing

· Revenues were $23.3 million · Managed Services and billable fees revenue increased to $8.4 million · Gross margin was 15% · Net loss totaled $8.9 million, or a loss of $(1.02) per diluted share · Adjusted EBITDA, a non-GAAP financial measure, was $561,000 · As of December 31, 2022, cash and cash equivalents equaled $7.5 million

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Earnings Releases SEC 8-K Item 2.02 confidence 0.9

WIDEPOINT CORP reported Full Year 2022 results: revenue $94.1 million, net income $23.6 million, EPS $(2.70) per diluted share.

Period: Full Year 2022
Revenue: $94.1 million
Net income: $23.6 million
EPS: $(2.70) per diluted share
Result: reported results

Exact text from the filing

· Revenues grew 8% to $94.1 million · Managed Services and billable fees revenue increased to $28.1 million · Gross margin was 15% · Net loss totaled $23.6 million, or a loss of $(2.70) per diluted share · Adjusted EBITDA, a non-GAAP financial measure, was $1.1 million

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WIDEPOINT CORP filing history →

Source: SEC EDGAR

accession 0001654954-23-003604

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