WidePoint Q2 revenue up 35% to $36M; adjusted EBITDA up 479%; awarded $254M DHS mod and $2.7B Navy contract

WIDEPOINT CORP

2024-Q2 EPS reported -$0.13 revenue$70,248,050

Revenue $36M (+35% YoY); net loss $500K ($0.05 EPS loss); Adjusted EBITDA $811K (+479%).
Awarded $254M DHS contract modification raising CWMS 2.0 ceiling to $754M.
Selected as one of seven contractors for 10-year, $2.7B U.S. Navy Spiral 4 contract.
Cash $4.0M with no bank debt; free cash flow $800K positive in Q2.
28th consecutive quarter positive Adjusted EBITDA; third consecutive quarter free cash flow positive.

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