Categories Earnings, Technology

WidePoint (WYY) Q4 2019 Earnings Snapshot

— WidePoint Corporation (NYSE American: WYY) reported fourth-quarter 2019 loss of $0.005 per share vs. break-even expected.

— Revenue rose 13% to $28 million vs. $20.88 million expected.

— For the first quarter ending March 31, 2020, WidePoint expects revenues of $26 million to $31 million, representing year-over-year growth of 19% to 42%.

— In December 2019, WidePoint named Kellie Kim as its new Chief Financial Officer.

— Earlier this month, WidePoint received a contract from the U.S. Department of Homeland Security for the procurement of Cellular Wireless Managed Services.

— WYY stock, which declined about 12% so far this year, was trading up about 2% in the after-market hours.

Also Read:  Inseego Corp. (NASDAQ: INSG): Q4 2019 Earnings Snapshot

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