WidePoint expects to exceed FY2024 revenue guidance; backlog ~$300M; 30th consecutive positive EBITDA quarter

WIDEPOINT CORP

2024-FY EPS reported -$0.21 revenue$142,571,749

Expects to exceed FY2024 revenue guidance; meet/surpass adjusted EBITDA and FCF guidance.
30th consecutive quarter positive adjusted EBITDA; 5th consecutive positive FCF; full-year positive FCF in 2024.
Federal contract backlog ~$300M as of Dec 31, 2024; $52.7M in contract awards ($45.2M federal, $7.5M commercial).
MobileAnchor deployed, FedRAMP in finalization; M365 Analyzer launched; ITA integration completed.
Targeting positive EPS for FY2025; preparing for DHS CWMS 3.0 recompete; DaaS partnership program.

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