secwatch.observer — SEC 8-K summary
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Issuer:     WIDEPOINT CORP (WYY)
CIK:        0001034760
Form:       8-K
Filed at:   2024-08-19T23:59:59+00:00
Accession:  0001654954-24-010861
Event type: earnings
Sentiment:  positive
Materiality: 0.75
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1034760/000165495424010861/0001654954-24-010861-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1034760/000165495424010861/wyy_8k.htm
  HTML page:      https://secwatch.observer/filing/0001654954-24-010861

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