WidePoint (WYY) Reports In-Line Q2 EPS, Revenues Miss

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Go back to WidePoint (WYY) Reports In-Line Q2 EPS, Revenues Miss

WidePoint Corporation Reports Second Quarter 2018 Results

August 14, 2018 4:05 PM EDT

MCLEAN, Va., Aug. 14, 2018 /PRNewswire/ -- WidePoint Corporation (NYSE American: WYY), provider of Trusted Mobility Management (TM2) specializing in Telecommunication Lifecycle Management, Identity Management, and Bill Presentment & Analytics solutions, announced financial results for the second quarter ended June 30, 2018.

Second Quarter 2018 Summary (Comparisons versus Second Quarter 2017)

Revenue was $17.5 million compared to $18.9 million Gross profit improved 8% to $3.5 million Operating expenses declined 12% to $4.0 million Net loss reduced to $0.5 million from $1.3 million Adjusted EBITDA was $0.1 million as compared to ($0.4) million

First Half 2018 Summary (Comparisons versus First Half... More