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.

Type
Public
HQ
McLean, US
Founded
1996
Size (employees)
279 (est)
WidePoint was founded in 1996 and is headquartered in McLean, US
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WidePoint Office Locations

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

WidePoint Financials

WidePoint's revenue was reported to be $75.88 m in FY, 2017
USD

Revenue (FY, 2017)

75.9 m

Gross profit (FY, 2017)

13.7 m

Gross profit margin (FY, 2017), %

18%

Net income (FY, 2017)

(3.5 m)

EBIT (FY, 2017)

(3.5 m)

Market capitalization (23-May-2018)

40.4 m

Closing share price (23-May-2018)

0.5

Cash (31-Dec-2017)

5.3 m

EV

35.4 m
WidePoint's current market capitalization is $40.4 m.
Annual
USDFY, 2013FY, 2014FY, 2015FY, 2016FY, 2017

Revenue

46.8 m53.3 m70.8 m78.4 m75.9 m

Revenue growth, %

14%33%11%

Cost of goods sold

34.7 m39.8 m57.6 m64.4 m62.2 m

Gross profit

12.1 m13.5 m13.2 m14 m13.7 m
Quarterly
USDQ3, 2013Q1, 2014Q2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017Q3, 2017

Revenue

12.2 m9.6 m12.4 m14.6 m17.7 m17.4 m17 m20.5 m17.5 m22.1 m18.6 m18.9 m18.5 m

Cost of goods sold

9.2 m7.1 m8.8 m10.6 m14.1 m14.1 m13.9 m16.3 m14.2 m18.1 m15.2 m15.6 m15.1 m

Gross profit

3 m2.5 m3.6 m4 m3.6 m3.3 m3.1 m4.2 m3.4 m4 m3.4 m3.3 m3.4 m

Gross profit Margin, %

24%26%29%27%20%19%18%21%19%18%18%17%18%
Annual
USDFY, 2013FY, 2014FY, 2015FY, 2016FY, 2017

Cash

13.2 m7.9 m9.1 m5.3 m

Inventories

61.3 k37 k28.4 k123.3 k

Current Assets

9.8 m27.8 m25.6 m23 m22.3 m

PP&E

1.5 m1.6 m1.5 m736.7 k1.3 m
Quarterly
USDQ3, 2013Q1, 2014Q2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017Q3, 2017

Cash

2.4 m10.1 m4.1 m3.1 m11.5 m9.7 m10.4 m6.3 m8.3 m5.6 m7 m5.5 m6.4 m

Inventories

268.8 k43.8 k35.9 k39.1 k26.2 k22.2 k26.7 k41 k65.2 k370.9 k175 k142.6 k313.5 k

Current Assets

11.6 m17.7 m13.7 m15.8 m27.8 m28.1 m27 m23 m22.6 m24.8 m20.9 m20.9 m21.4 m

PP&E

1.4 m1.5 m1.8 m1.7 m1.6 m1.6 m1.5 m1.4 m1.3 m1.3 m778.2 k976.6 k969.7 k
Annual
USDFY, 2013FY, 2014FY, 2015FY, 2016FY, 2017

Net Income

(1.7 m)(8.4 m)(5.5 m)(4.1 m)(3.5 m)

Depreciation and Amortization

395.4 k496.9 k488.6 k438.5 k414.6 k

Inventories

25.6 k66.6 k8.5 k(95.1 k)(33.1 k)

Accounts Payable

(1.4 m)3.9 m2.2 m1.3 m151.7 k
Quarterly
USDQ3, 2013Q1, 2014Q2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017

Net Income

294.8 k(926.7 k)(669.2 k)(5.9 m)(1.2 m)(2.6 m)(4.3 m)(659.5 k)(1.6 m)(1.7 m)(1.2 m)(2.5 m)

Depreciation and Amortization

74.1 k69.5 k143.2 k180 k98.3 k243.2 k353.4 k119.8 k231 k336.1 k83.8 k184 k

Inventories

35.9 k39.1 k26.2 k14.8 k10.4 k(12.3 k)(36.7 k)(342.3 k)(51.6 k)(18.8 k)

Accounts Payable

3.6 m6.1 m7.2 m2.2 m509.9 k(2.3 m)(1.1 m)1.3 m(1.6 m)(484.3 k)
USDY, 2017

EV/EBIT

-10.2 x

EV/CFO

-11.8 x

Revenue/Employee

265.3 k

Financial Leverage

1.8 x
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WidePoint News and Updates

Telecom Expense Management (TEM) Market Segmentation,Parameters and Prospects 2017 to 2022 Market Research Report

WiseGuyReports.Com Publish a New Market Research Report On - “Telecom Expense Management (TEM) Market Segmentation,Parameters and Prospects 2017 to 2022 Market Research Report”. Posted via Industry Today. Follow us on Twitter @IndustryToday
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