WidePoint

WidePoint Corporation is a leading provider of wireless mobility management and cybersecurity solutions. Identity Access Management, Multi-Factor Authentication and Critical Response Management offer advanced information technology through its innovative solutions to the government and commercial markets. WidePoint is comprised of four Business Groups with each offering unique capabilities specializing in emergency response management solutions, asymmetric authentication deployed as PKI, wireless telecommunication expense management services, forensic informatics system engineering and consulting services. We provide leadership on trusted virtual and physical credentialing authentication, authorization and attribute tracking; and competitive sourcing of wireless telecommunication services to meet the demands of our government and commercial customers.

We intend to grow significantly over the next few years through a combination of aggressive organic growth, the acquiring of selective strategic assets and by driving operational efficiencies among our subsidiaries. Our team consists of business and technical specialists that help our clients improve their bottom line and maintain a competitive edge.
Company Growth (employees)
Type
Public
HQ
Mc Lean, US
Size (employees)
300 (est)
WidePoint is headquartered in McLean, US

WidePoint Office Locations

WidePoint has offices in McLean, Phoenix, Scottsdale, Hoquiam and in 1 other location
Mc Lean, US (HQ)
520 7926 Jones Branch Dr
New York, US
59 Maiden Lane, Plaza Level
Hoquiam, US
K St
Scottsdale, US
210 8800 E Raintree Dr
Phoenix, US
1 3120 W Carefree Hwy

WidePoint Data and Metrics

WidePoint Financial Metrics

WidePoint's revenue was reported to be $78.4 m in FY, 2016 which is a 11% increase from the previous period.
Numbers are in $, USD

Revenue (FY, 2016)

78.4 m

Revenue growth (FY, 2015 - FY, 2016), %

11%

Gross profit (FY, 2016)

14 m

Gross profit margin (FY, 2016), %

18%

Net income (FY, 2016)

(4.1 m)

EBIT (FY, 2016)

(4.2 m)

Market capitalization (25-May-2017)

36.4 m

Closing share price (25-May-2017)

0.5

Cash (31-Dec-2016)

9.1 m
WidePoint's current market capitalization is $36.4 m.
Numbers are in $, USDFY, 2013FY, 2014FY, 2015FY, 2016

Revenue

46.8 m53.3 m70.8 m78.4 m

Revenue growth, %

14%33%11%

Cost of goods sold

34.7 m39.8 m57.6 m64.4 m

Gross profit

12.1 m13.5 m13.2 m14 m

Gross profit Margin, %

26%25%19%18%

Sales and marketing expense

3.1 m3.4 m3 m2.7 m

R&D expense

673.1 k699 k

General and administrative expense

9.9 m14.4 m14.6 m14.4 m

Operating expense total

13.3 m18.2 m18.7 m18.2 m

EBIT

(1.2 m)(4.7 m)(5.5 m)(4.2 m)

EBIT margin, %

(3%)(9%)(8%)(5%)

Interest expense

(175.4 k)(186.8 k)(142.5 k)(72.2 k)

Interest income

7.4 k17 k23 k14.6 k

Pre tax profit

(1.3 m)(4.8 m)(5.5 m)

Income tax expense

362.8 k3.6 m(81.8 k)(73.4 k)

Net Income

(1.7 m)(8.4 m)(5.5 m)(4.1 m)
Numbers are in $, USDFY, 2013FY, 2014FY, 2015FY, 2016

Cash

13.2 m7.9 m9.1 m

Inventories

61.3 k37 k28.4 k123.3 k

Current Assets

9.8 m27.8 m25.6 m23 m

PP&E

1.5 m1.6 m1.5 m736.7 k

Goodwill

16.6 m18.6 m18.6 m18.6 m

Total Assets

36.1 m54.1 m50.9 m47.2 m

Accounts Payable

3.2 m6.2 m7.8 m8.7 m

Total Debt

3.7 m3.5 m1.3 m

Current Liabilities

10.9 m15.3 m17.6 m18 m

Additional Paid-in Capital

69.9 m92.7 m93.7 m93.9 m

Retained Earnings

(47.4 m)(55.8 m)(61.3 m)(65.4 m)

Total Equity

22.5 m36.8 m32.2 m28.3 m

Debt to Equity Ratio

0.2 x0.1 x0 x

Debt to Assets Ratio

0.1 x0.1 x0 x

Financial Leverage

1.6 x1.5 x1.6 x1.7 x
Numbers are in $, USDFY, 2013FY, 2014FY, 2015FY, 2016

Net Income

(1.7 m)(8.4 m)(5.5 m)(4.1 m)

Depreciation and Amortization

395.4 k496.9 k488.6 k438.5 k

Inventories

25.6 k66.6 k8.5 k(95.1 k)

Accounts Payable

(1.4 m)3.9 m2.2 m1.3 m

Cash From Operating Activities

(1.2 m)(2.6 m)(2.9 m)2.7 m

Purchases of PP&E

(513 k)(262.7 k)(413.6 k)(274.7 k)

Cash From Investing Activities

(513 k)(4.4 m)(600 k)(606.4 k)

Cash From Financing Activities

(191.5 k)20.4 m(1.6 m)(881.7 k)

Interest Paid

205.8 k167.9 k157.5 k67.4 k

Income Taxes Paid

10.8 k125 k
Y, 2016

Financial Leverage

1.7 x

WidePoint Market Value History

WidePoint Revenue Breakdown

WidePoint Online and Social Media Presence

WidePoint Company Life and Culture

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