WidePoint Q3 revenue $34.6M (+35% YoY); net loss narrows to $425K; adjusted EBITDA up 149%

WIDEPOINT CORP

2024-Q3 EPS reported -$0.17 revenue$104,868,483

Revenue of $34.6M for Q3 2024, a 35% increase YoY.
Net loss improved to ($425K) or ($0.04) per diluted share vs ($921K) a year ago.
Adjusted EBITDA of $574K, up 149% YoY; 29th consecutive quarter positive.
Free cash flow of $511K, a 120% improvement; cash $5.6M with no bank debt.
Contract awards in Q3 totaled $15.2M, including $1.4M IT-as-a-Service contracts.

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