WidePoint corrects Q4 2021 comparatives; reports Q4 2022 net loss of $8.9M, FY revenue up 8%

WIDEPOINT CORP

2023-Q1 EPS reported -$0.11 revenue$25,273,681

Q4 2022 revenue $23.3M; net loss $8.9M ($1.02 loss per diluted share).
Full year 2022 revenue grew 8% to $94.1M; net loss $23.6M ($2.70 loss per share).
Adjusted EBITDA was $561K in Q4 and $1.1M for full year.
Terminated ATM sales agreement on March 27, 2023; share repurchase program remains on hold.
15 contractual actions over $5.7M in funding for next 12 months, including $5.3M in government contracts.

item 2.02 item 9.01

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 ended December 31, 2022 results: revenue $23.3 million, net income $8.9 million, EPS $(1.02) per diluted share.

Period: fourth quarter ended December 31, 2022
Revenue: $23.3 million
Net income: $8.9 million
EPS: $(1.02) per diluted share
Result: reported results

Exact text from the filing

Fourth Quarter 2022 Financial Highlights: · 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

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Earnings Releases SEC 8-K Item 2.02 confidence 0.9

WIDEPOINT CORP reported full year ended December 31, 2022 results: revenue $94.1 million, net income $23.6 million, EPS $(2.70) per diluted share.

Period: full year ended December 31, 2022
Revenue: $94.1 million
Net income: $23.6 million
EPS: $(2.70) per diluted share
Result: reported results

Exact text from the filing

Full Year 2022 Financial Highlights: · 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

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Source: SEC EDGAR

accession 0001654954-23-004105

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