{"schema_version":"secwatch.filing_event.v1","accession":"0001654954-26-005146","form_type":"8-K","ticker":"WYY","cik":"0001034760","company_name":"WIDEPOINT CORP","filed_at":"2026-05-20T01:37:28+00:00","discovered_at":"2026-05-20T10:05:00.298147+00:00","generated_at":"2026-05-20T10:07:16.245964+00:00","sec_items":["2.02","9.01"],"event_type":"earnings","sentiment":"positive","materiality_score":0.65,"calibrated_materiality_score":0.65,"confidence":"high","headline":"WidePoint Q1 2026 revenue $40.6M (+21% YoY); swings to net income $77K","bullets":["Revenue $40.6M, up $7.1M from Q1 2025; gross margin 14% (34% ex-carrier services).","Net income $77K ($0.01 EPS) vs net loss $724K ($0.08 loss) in Q1 2025.","Adjusted EBITDA $752K (+714% YoY); free cash flow $674K (+941% YoY).","Federal contract backlog $218M; unrestricted cash $10.9M with no bank debt.","Achieved 35th consecutive quarter positive Adjusted EBITDA and 10th consecutive positive free cash flow."],"urls":{"canonical":"https://secwatch.observer/filing/0001654954-26-005146","json":"https://secwatch.observer/filing/0001654954-26-005146.json","markdown":"https://secwatch.observer/filing/0001654954-26-005146.md","text":"https://secwatch.observer/filing/0001654954-26-005146.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1034760/000165495426005146/0001654954-26-005146-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1034760/000165495426005146/wyy_8k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-05-20T10:07:16.245964+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[{"claim_id":"308fcd29fa483712fff086d8dc18ee5ac52ad7dc","claim":"WIDEPOINT CORP reported first quarter ended March 31, 2026 results: revenue $40.6 million, net income $77,000, EPS $0.01 per share.","evidence_excerpt":"Revenues were $40.6 million, an increase of $7.1 million from the same quarter last year · Gross margin was 14%, and gross margin excluding carrier services revenue was 34% · Net income improved to $77,000 or $0.01 per share, compared to a net loss of $(724,000) or a loss of $(0.08) per share in the same quarter last year","evidence_source":"SEC 8-K Item 2.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1034760/000165495426005146/0001654954-26-005146-index.htm","confidence":0.95,"family_label":"Earnings Releases","details":[{"label":"Period","value":"first quarter ended March 31, 2026"},{"label":"Revenue","value":"$40.6 million"},{"label":"Net income","value":"$77,000"},{"label":"EPS","value":"$0.01 per share"},{"label":"Result","value":"reported results"}],"fact_type":"earnings_release"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}