WidePoint

WidePoint Corporation provides technology-based products and services to the government sector and commercial markets in the United States. The Company holds a patent for a digital parsing tool that allows users to access accounts through a secure repository gateway, established using asymmetric authentication employed as public key infrastructure. WidePoint provides smart card identity verification, wireless expense management, penetration testing and other IT devices and services. The Company's subsidiary ORC is an authorized certification authority for the Department of Defense and other government agencies.

Company Growth (employees)
Type
Public
HQ
Mc Lean, US
Founded
1996
Size (employees)
279 (est)-7%
WidePoint was founded in 1996 and 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.
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 (20-Jul-2017)

35.6 m

Closing share price (20-Jul-2017)

0.4

Cash (31-Dec-2016)

9.1 m

EV

26.6 m
WidePoint's current market capitalization is $35.6 m.
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)
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 m94.9 k

Current Liabilities

10.9 m15.3 m17.6 m18 m

Total Liabilities

19 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 x0 x

Debt to Assets Ratio

0.1 x0.1 x0 x0 x

Financial Leverage

1.6 x1.5 x1.6 x1.7 x
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

EV/EBIT

-6.4 x

EV/CFO

9.8 x

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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