WidePoint Corp (AMEX:WYY)

Q1 2026 WidePoint Corp Earnings Call Transcript

May 14, 2026 / 08:30 PM GMT

Release Date Price: $8.98 (+8.98%)

Transcript 8-K10-Q

Key Points

Positve

WidePoint Corp (WYY) reported a revenue increase of 21% year-over-year for Q1 2026, reaching $40.6 million.
The company achieved positive EPS for the first quarter, marking its first net income positive quarter since 2021.
WidePoint Corp (WYY) is well-positioned to capture the CWMS 3.0 award, with its services and qualifications uniquely aligned with DHS's needs.
The company is on track to complete the initial implementation of a major carrier contract, expected to begin recognizing revenue in the second half of 2026.
WidePoint Corp (WYY) has secured managed services with a leading national beverage bottler, enhancing procurement operations and improving supply chain efficiency.

Negative

The timing of the CWMS 3.0 award remains uncertain, with potential delays due to pending funding for ICE and CBP.
Billable service fees were adversely impacted by the partial shutdown of DHS, resulting in reduced billable activity on certain contracts.
Gross profit percentage, excluding carrier services, decreased to 34% from 37% in the same period last year due to higher reselling revenues.
The sales cycle for the DAS pipeline has been slower than expected, with delays attributed to customer schedules and bureaucratic processes.
Capital spending has increased, driven by compliance-type software and tools, with potential further increases due to new cybersecurity requirements.

Refinitiv StreetEvents Event Transcript
E D I T E D V E R S I O N

WYY.A - WidePoint Corp
Q1 2026 WidePoint Corp Earnings Call
May 14, 2026 / 08:30PM GMT

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Presentation
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Unidentified_1 [1]
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Thank you for holding and please remain on the line. The wide point conference call will begin shortly.

Thank you for your patience.

Good afternoon. Welcome to WidePoint's First Quarter 2026 Earnings Conference Call. My name is Holly, and I will be your operator for today's call.

Joining us for today's presentation are WidePoint's President and CEO, Jim Kang. Chief Revenue Officer Jason Holloway, and Chief Financial Officer Robert George. Following their remarks, we will open up the call for questions from WidePoints Publishing analysts and major investors. If your questions were not taken today and you would like additional information, please contact WidePoints Investor Relations Team at [email protected].

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