Fairfax, VA – August 11, 2022 – WidePoint Corporation (NYSE American: WYY), the innovative technology Managed Solution Provider (MSP) specializing in Identity and Access Management (IAM), Telecommunications and Managed Mobility Services (MMS), Analytics & Billing as a Service (ABaaS), and IT as a Service (ITaaS), announced that it has been awarded a new Trusted Managed Mobility Services contract by a leading U.S. beverage bottler.
Under the terms of this 3 year contract, WidePoint will deliver a full suite of Managed Mobility Services (MMS) for the Beverage Bottler. The contract is valued at approximately $540,000. Additional solutions and services may be purchased under the terms of this contract.
Jin Kang, WidePoint’s CEO, stated, “This contract win is another prime example of our cross-selling and upselling efforts coming to fruition. WidePoint has begun to realize these opportunities as a result of our acquisition of IT Authorities. Our strategic plan of offering an expanded portfolio of technology solutions is gaining traction with adoption from our commercial and government clients.“
Jason Holloway, WidePoint’s Chief Sales & Marketing Officer, noted: “WidePoint and ITA have developed a cross-selling and upselling process that helps our clients achieve efficiencies in the procurement process to realize their operational goals in mobility, security and managed technology services. Our sales pipelines are both growing and our clients are benefiting from easier access to a portfolio of products from a company they trust.”
About WidePoint
WidePoint Corporation (NYSE American:WYY) is a leading technology Managed Solution Provider (MSP) dedicated to securing and protecting the mobile workforce and enterprise landscape. WidePoint is recognized for pioneering technology solutions that include Identity and Access Management (IAM), Mobility Managed Services (MMS), Telecom Management, Information Technology as a Service (ITaaS), Cloud Security, and Analytics & Billing as a Service (ABaaS). For more information, visit widepoint.com.
WidePoint Investor Relations:
Gateway Group, Inc.
Matt Glover or John Yi
949-574-3860
[email protected]
Fairfax, VA – August 8, 2022 – WidePoint Corporation (NYSE American: WYY), the innovative technology Managed Solution Provider (MSP) specializing in Identity and Access Management (IAM), Telecommunications and Managed Mobility Services (MMS), Analytics & Billing as a Service (ABaaS), and IT as a Service (ITaaS), announced that its subsidiary IT Authorities (ITA) has been awarded a new Managed Service Provider (MSP) contract by a leading U.S. beverage bottler. The contract is for three years with a total contract value of $2.6 million.
Jason Caras, CEO of IT Authorities, stated: “ITA has been working on a month-to-month basis with this bottler for a long time. This new three year Managed Services contract award is a result of our past performance of superior service delivery, and the ability for ITA to offer expanded services through WidePoint. We are honored to work with this industry leader.”
Jin Kang, WidePoint’s CEO, stated, “When WidePoint acquired ITA in October 2021, we did so knowing that the synergies between the companies would combine to create new opportunities. This high margin contract award reflects the types of opportunities in our expanded pipeline in the managed services, cloud, and cybersecurity markets. We look forward to working with this client on other important security and manageability initiatives.”
About WidePoint
WidePoint Corporation (NYSE American:WYY) is a leading technology Managed Solution Provider (MSP) dedicated to securing and protecting the mobile workforce and enterprise landscape. WidePoint is recognized for pioneering technology solutions that include Identity and Access Management (IAM), Mobility Managed Services (MMS), Telecom Management, Information Technology as a Service (ITaaS), Cloud Security, and Analytics & Billing as a Service (ABaaS). For more information, visit widepoint.com.
WidePoint Investor Relations:
Gateway Group, Inc.
Matt Glover or John Yi
949-574-3860
[email protected]
Fairfax, VA – August 3, 2022 – WidePoint Corporation (NYSE American: WYY), the innovative technology Managed Solution Provider (MSP) specializing in Identity and Access Management (IAM), Telecommunications and Managed Mobility Services (MMS), Analytics & Billing as a Service (ABaaS), and IT as a Service (ITaaS), announced today that its subsidiary Soft-ex Communications has launched its Three Analyst platform with Three UK.
Soft-ex is now delivering its latest digital billing communications and analytics platform, Three Analyst, as an integral offering in the new Three Business Adapt portfolio, to Three UK’s business customers. The platform is designed to provide Three’s customers with the ability to track mobile usage and spend. It also gives bill insights to take control of communications spend via a self-serve portal and offers the option to have reports delivered straight to the clients’ inbox.
“We are delighted to be working with Three UK as they recently chose our very latest design-led digital bill presentment and analytics solution,” said Ian Sparling, Chief Executive Officer at Soft-ex. “Our solution will optimise customer online engagement while also delivering internal efficiencies. We look forward to growing this relationship and will continue to introduce a range of new initiatives to ensure that Three Analyst remains the market’s leading solution.”
Commenting for Three UK, Snehal Bhudia, Director of Business Propositions and Go To Market said, “Three Business Adapt provides businesses with an adaptable, scalable solution that’s simple to use and gives much-needed cost certainty. A core value-add service of Three Business Adapt is the Three Analyst portal with its innovative, integrated analytics dashboard. This partnership between Three and Soft-ex delivers a competitive differentiator, allowing businesses to control usage and spending with a simple and digital customer experience.
Jin Kang, WidePoint’s CEO, stated, “In an ever-changing business landscape, enterprises need solutions that adapt to the way we now work. With the acceleration of digitalisation, DSPs (Digital Service Providers) are now intently focused on more effective customer engagement, and that includes enhancing billing communications and self-serve portals. Soft-ex, together with Three UK, provides a best-in-class customer engagement platform for their business clients, and enhances WidePoint’s positioning with enterprise clients.”
About Three UK
Three UK launched in 2003 as the UK’s first 3G only network, laying its foundations as the network that was born to be different. Today Three is a connectivity company that connects people to people, people to things and things to things and has 9.6 million customers. The Three network today covers 99% of the UK population and carries 28% of the UK’s mobile data traffic. Three launched 5G in August 2019, is the largest holder of spectrum in the UK and has been recognised by Ookla as having the UK’s fastest 5G network. Three is the only operator able to meet the International Telecoms Union (ITU) 2020 standard of 100MHz of contiguous spectrum for full 5G services. Three is part of the CK Hutchison Holdings Ltd group of companies which has mobile operations in 11 countries. Three UK employs more than 4,800 people across offices in Reading and Glasgow and 311 retail stores.
About Soft-ex
Soft-ex, part of the WidePoint Group, is a leading supplier of SaaS-based Analytics & Billing as a Service (ABaaS) that provide unique online data intelligence for Digital Service Providers and their Business & Consumer customers for fixed, mobile and PABX communications. Headquartered in Ireland, Soft-ex is proud to serve our clients and partners across the globe. For more information, visit soft-ex.net.
About WidePoint
WidePoint Corporation (NYSE American:WYY) is a leading technology Managed Solution Provider (MSP) dedicated to securing and protecting the mobile workforce and enterprise landscape. WidePoint is recognized for pioneering technology solutions that include Identity and Access Management (IAM), Mobility Managed Services (MMS), Telecom Management, Information Technology as a Service (ITaaS), Cloud Security, and Analytics & Billing as a Service (ABaaS). For more information, visit widepoint.com.
WidePoint Investor Relations:
Gateway Group, Inc.
Matt Glover or John Yi
949-574-3860
[email protected]
Fairfax, VA – August 1, 2022 – WidePoint Corporation (NYSE American: WYY), the innovative technology Managed Solution Provider (MSP) specializing in Identity and Access Management (IAM), Telecommunications and Managed Mobility Services (MMS), Digital Billing & Analytics, and IT as a Service (ITaaS), will hold a conference call on Monday, August 15, 2022 at 4:30 p.m. Eastern time to discuss its financial results for the second quarter ended June 30, 2022. Financial results will be issued in a press release prior to the call.
WidePoint’s management will host the conference call, followed by a question and answer period.
Date: Monday, August 15, 2022
Time: 4:30 p.m. Eastern time (1:30 p.m. Pacific time)
U.S. dial-in number: 888-506-0062
International number: 973-528-0011
Access Code: 228203
Please call the conference telephone number 5-10 minutes prior to the start time. An operator will register your name and organization. If you have any difficulty connecting with the conference call, please contact Gateway Investor Relations at (949) 574-3860.
The conference call will be broadcast live and available for replay here and via the investor relations section of the company’s website.
A replay of the conference call will be available after 7:30 p.m. Eastern time on the same day through Monday, August 29, 2022.
Toll-free replay number: 877-481-4010
International replay number: 919-882-2331
Replay ID: 46176
About WidePoint
WidePoint Corporation (NYSE American:WYY) is a leading technology Managed Solution Provider (MSP) dedicated to securing and protecting the mobile workforce and enterprise landscape. WidePoint is recognized for pioneering technology solutions that include Identity and Access Management (IAM), Mobility Managed Services (MMS), Telecom Management, Information Technology as a Service (ITaaS), Cloud Security, and Digital Billing & Analytics. For more information, visit widepoint.com.
WidePoint Investor Relations:
Gateway Group, Inc.
Matt Glover or John Yi
949-574-3860
Fairfax, VA – July 19, 2022 – WidePoint Corporation (NYSE American: WYY), the innovative technology Managed Solution Provider (MSP) specializing in Identity and Access Management (IAM), Telecommunications and Managed Mobility Services (MMS), Digital Billing & Analytics, and IT as a Service (ITaaS), announced today that it was awarded more than $53.2 million in contracts during the second quarter of 2022.
Jin Kang, WidePoint’s CEO, stated: “In the second quarter of 2022, WidePoint saw more than 50 contractual actions including new awards, renewals, contract extensions and exercised option periods for our Identity and Access Management (IAM), Telecom Expense Management (TEM) and Managed Mobility Services (MMS), and IT as a Service (ITaaS) solutions. The quarter also reinforced the synergies across our divisions with cross-selling awards. Our focus on the commercial sector, with ITA taking the lead, is also producing contract wins and an expanding pipeline.”
Highlights include:
- 33 actions under the DHS CWMS 2.0 IDIQ contract including, among others:
- U.S. Department of Homeland Security Headquarters
- The U.S. Coast Guard (only includes funding for 2022)
- Transportation Security Administration
- U.S. Immigration and Customs Enforcement
- U.S. Customs and Border Protection
- U.S. Courts
- ITaaS contract award for three years with a U.S. Financial Institution
- ITaaS contract award for three years with an American professional organization dedicated to higher education
Jason Holloway, WidePoint’s Chief Sales and Marketing Officer, added: “WidePoint is excited by how DHS components are utilizing the CWMS 2.0 IDIQ contract. These organizations are providing new opportunities for our technology solutions. Q2 was also marked by increased interest in our IAM credentialing solutions. New pilot programs initiated in Q2 are underway; we are seeing that work come to fruition here in the third quarter.”
About WidePoint
WidePoint Corporation (NYSE American: WYY) is a leading technology Managed Solution Provider (MSP) dedicated to securing and protecting the mobile workforce and enterprise landscape. WidePoint is recognized for pioneering technology solutions that include Identity and Access Management (IAM), Mobility Managed Services (MMS), Telecom Management, Information Technology as a Service (ITaaS), Cloud Security, and Digital Billing & Analytics. For more information, visit widepoint.com.
Investor Relations:
Gateway Investor Relations
Matt Glover or John Yi
949-574-3860, [email protected]
Fairfax, VA – July 13, 2022 – WidePoint Corporation (NYSE American: WYY), the innovative technology Managed Solution Provider (MSP) specializing in Identity and Access Management (IAM), Telecommunications and Managed Mobility Services (MMS), Digital Billing & Analytics, and IT as a Service (ITaaS), announced today a new Task Order award from the U.S. Coast Guard under the U.S. Department of Homeland Security (DHS) Cellular Wireless Management Services 2.0 BPA. The new Task Order award includes a total period of performance of May 1, 2022 through October 31, 2026 with a total ceiling of $73.4 million if all periods are exercised. The Task Order has an obligated base period of performance of six months with funding of $7.9 million.
Jin Kang, WidePoint’s CEO, stated: “WidePoint is excited to see our work with the U.S. Coast Guard extended until October 2026. We remain committed to ensuring that the U.S. Coast Guard and other DHS components utilizing the DHS CWMS 2.0 IDIQ contract achieve increased accountability, operational efficiency and maximizing resource investment.”
Todd Dzyak, President and CEO of WidePoint Integrated Solutions Corporation, added: “The U.S. Coast Guard is realizing significant benefits from WidePoint’s Managed Mobility Services (MMS) solution, including among others: Asset and service management; Full lifecycle support; Transparency into technical performance; Cost savings; Enhanced security for mobile workers. The WidePoint team thanks the U.S. Coast Guard for their inspired collaboration and commitment to this contract and program.”
About WidePoint
WidePoint Corporation (NYSE American: WYY) is a leading technology Managed Solution Provider (MSP) dedicated to securing and protecting the mobile workforce and enterprise landscape. WidePoint is recognized for pioneering technology solutions that include Identity and Access Management (IAM), Mobility Managed Services (MMS), Telecom Management, Information Technology as a Service (ITaaS), Cloud Security, and Digital Billing & Analytics. For more information, visit widepoint.com.
Investor Relations:
Gateway Investor Relations
Matt Glover or John Yi
949-574-3860, [email protected]
Fairfax, VA – June 30, 2022 – WidePoint Corporation (NYSE American: WYY), the innovative technology Managed Solution Provider (MSP) specializing in Identity and Access Management (IAM), Telecommunications and Managed Mobility Services (MMS), Digital Billing & Analytics, and IT as a Service (ITaaS), announced today that it has renewed its revolving credit facility of $5 million for working capital. And subsequently increased borrowing capacity of the credit facility by $2 million. The 40% increase expands the total capacity under the facility to $7.0 million subject to maintaining certain financial covenants and collateral.
Jin Kang, WidePoint’s CEO, stated: “While we have not borrowed under our revolving credit facility, we believe that securing additional borrowing capacity places us in a stronger financial position to fund our anticipated growth.”
About WidePoint
WidePoint Corporation (NYSE American: WYY) is a leading technology Managed Solution Provider (MSP) dedicated to securing and protecting the mobile workforce and enterprise landscape. WidePoint is recognized for pioneering technology solutions that include Identity and Access Management (IAM), Mobility Managed Services (MMS), Telecom Management, Information Technology as a Service (ITaaS), Cloud Security, and Digital Billing & Analytics. For more information, visit widepoint.com.
Safe Harbor Statement
This press release contains forward-looking statements concerning our business, operations and financial performance and condition as well as our plans, objectives and expectations for our business operations and financial performance and condition that are subject to risks and uncertainties. All statements other than statements of historical fact included herein are forward-looking statements. You can identify these statements by words such as “aim,” “anticipate,” “assume,” “believe,” “could,” “due,” “estimate,” “expect,” “goal,” “intend,” “may,” “objective,” “plan,” “potential,” “positioned,” “predict,” “should,” “target,” “will,” “would” and other similar expressions that are predictions of or indicate future events and future trends. These forward-looking statements are based on current expectations, estimates, forecasts and projections about our business and the industry in which we operate and our management’s beliefs and assumptions. These statements are not guarantees of future performance or development and involve known and unknown risks, uncertainties and other factors that are in some cases beyond our control. All forward-looking statements are subject to risks and uncertainties that may cause actual results to differ materially from those that we expected, including, the impact of the COVID-19 pandemic on our business and operations; our ability to successfully execute our strategy; our ability to sustain profitability and positive cash flows; our ability to gain market acceptance for our products; our ability to win new contracts, execute contract extensions and expansion of services of existing contracts; our ability to compete with companies that have greater resources than us; our ability to penetrate the commercial sector to expand our business; our ability to retain key personnel; and the risk factors set forth in our Annual Report on Form 10-K for the year ended December 31, 2020 filed with the SEC on March 24, 2021. The forward-looking statements included herein are made only as of the date hereof. We undertake no obligation to publicly update or revise any forward-looking statement as a result of new information, future events or otherwise, except as otherwise required by law.
WidePoint Investor Relations:
Gateway Group, Inc.
Matt Glover or John Yi
949-574-3860
Fairfax, VA – June 1, 2022 – WidePoint Corporation (NYSE American: WYY), the innovative technology Managed Solution Provider (MSP) specializing in Identity and Access Management (IAM), Telecommunications and Managed Mobility Services (MMS), Digital Billing & Analytics, and IT as a Service (ITaaS), will be attending the LD Micro Invitational XII from June 7-9, 2022.
WidePoint management is scheduled to present on Wednesday, June 8, at 12:00 p.m. Eastern time (9:00 a.m. Pacific time) with one-on-one meetings held throughout the event.
To receive additional information or to schedule a one-on-one meeting with WidePoint management, please contact Gateway Group at [email protected] or 949-574-3860.
About WidePoint
WidePoint Corporation (NYSE American: WYY) is a leading technology Managed Solution Provider (MSP) dedicated to securing and protecting the mobile workforce and enterprise landscape. WidePoint is recognized for pioneering technology solutions that include Identity and Access Management (IAM), Mobility Managed Services (MMS), Telecom Management, Information Technology as a Service (ITaaS), Cloud Security, and Digital Billing & Analytics. For more information, visit widepoint.com.
WidePoint Investor Relations:
Gateway Group, Inc.
Matt Glover or John Yi
949-574-3860
Fairfax, VA – May 16, 2022 – WidePoint Corporation (NYSE American: WYY), the innovative technology Managed Solution Provider (MSP) specializing in Identity and Access Management (IAM), Telecommunications and Managed Mobility Services (MMS), Digital Billing & Analytics, and IT as a Service (ITaaS), reported results for the first quarter ended March 31, 2022.
First Quarter 2022 and Recent Operational Highlights:
- Appointed Robert “Bob” George as Chief Financial Officer, who officially started on April 1, 2022. George replaced Kellie Kim, who previously announced her retirement in November 2021
- Expanded the company’s portfolio of secure Technology Management as a Service offerings
- Awarded corporate contract for Software Solutions from the State of Texas Department of Information Resources (DIR), focusing on Mobile and Wireline Software as a Service solutions
- Announced that WidePoint’s Public Key Infrastructure (PKI) Identity Management solutions are Quantum-resistant
- DHS CWMS Seventeen (17) Contract actions totaling $17M in task order renewals and expansions.
- ESG Responsible recycling program continued to operate profitably and finding acceptance by our client base
- Purchased approximately 196,600 shares of common stock for a total of $818,200. In March of 2022, the company’s board of directors suspended the repurchase plan in order to use the company’s excess funds to invest into the business
First Quarter 2022 Financial Highlights:
- Revenues were $22.4 million
- Managed Services revenue increased by 2% to $9.5 million
- Gross margin was 17%
- Net loss totaled $393,000, or a loss of $0.04 per diluted share*
- EBITDA, a non-GAAP financial measure, was $165,000
- Adjusted EBITDA, a non-GAAP financial measure, was $344,400
- As of March 31, 2022, cash and cash equivalents equaled $7.3 million
(*Net loss reflects acquisition related expense of $0.2 million and a benefit of $0.6 million due to fair value adjustment of contingent earn-outs)
Management Commentary
“WidePoint continues to remain nimble, flexible, and resilient in combating uncontrollable macroeconomic headwinds while simultaneously executing our operational goals,” said WidePoint’s CEO, Jin Kang. “With the ITA integration going as planned and the joint sales and marketing initiatives continuing to expand, we see no signs of slowing down and expect to see improving results in the quarters going forward. WidePoint is committed to making strategic investments internally toward sales, marketing, branding and technology, with the ultimate goal of executing our organic and inorganic growth strategy, which is to grow the top line and operate profitably and stably. We remain In line with our budget expectations, are encouragingly trending toward our top line forecast, and are confident that the strategic investments we are making into the company will translate to profitable revenue growth later this year and beyond.”
First Quarter 2022 Financial Summary
(in millions, except per share amounts) | Mar. 31, 2022 | Mar. 31, 2021 |
(unaudited) | ||
Revenue |
$22.4
|
$20.7
|
Gross Profit |
$3.9
|
$4.7
|
Gross Profit Margin |
17.4%
|
22.8%
|
Operating Expenses |
4.6
|
4.0
|
(Loss) Income from operations |
(0.7)
|
0.7
|
Net (Loss) Income |
-$0.4
|
$0.6
|
Basic (Loss) Earnings per Share (EPS) |
(0.04)
|
0.07
|
Diluted (Loss) Earnings per Share (EPS) | (0.04) |
0.06
|
EBITDA |
0.2
|
1.0
|
Adjusted EBITDA |
0.3
|
1.2
|
A reconciliation of GAAP Net income to EBITDA and Adjusted EBITDA is provided below.
Financial Outlook
For the full year 2022, the company expects revenues to range between $92 million – $98 million and Adjusted EBITDA to range between $2.5 million – $3.5 million.
Share Repurchase Program
WidePoint has currently paused the repurchase program to preserve its cash balance, as it looks to invest back into the technology and prepare for potential acquisitions. Longer-term, the company still intends to leverage the buyback program when deemed appropriate.
Conference Call
WidePoint management will hold a conference call today (May 16, 2022) at 4:30 p.m. Eastern time (1:30 p.m. Pacific time) to discuss these results.
WidePoint’s President and CEO Jin Kang, Executive Vice President and Chief Sales and Marketing Officer Jason Holloway, and CFO Bob George will host the conference call, followed by a question and answer period.
U.S. dial-in number: 888-506-0062
International number: 973-528-0011
Access Code: 384243
Please call the conference telephone number 5-10 minutes prior to the start time. An operator will register your name and organization. If you have any difficulty connecting with the conference call, please contact Gateway Investor Relations at 949-574-3860.
The conference call will be broadcast live and available for replay here and via the investor relations section of the company’s website.
A replay of the conference call will be available after 7:30 p.m. Eastern time on the same day through Monday, May 30, 2022.
Toll-free replay number: 877-481-4010
International replay number: 919-882-2331
Replay ID: 45316
About WidePoint
WidePoint Corporation (NYSE American: WYY) is a leading technology Managed Solution Provider (MSP) dedicated to securing and protecting the mobile workforce and enterprise landscape. WidePoint is recognized for pioneering technology solutions that include Identity and Access Management (IAM), Mobility Managed Services (MMS), Telecom Management, Information Technology as a Service (ITaaS), Cloud Security, and Digital Billing & Analytics. For more information, visit widepoint.com.
Non-GAAP Financial Measures
WidePoint uses a variety of operational and financial metrics, including non-GAAP financial measures such as EBITDA and Adjusted EBITDA, to enable it to analyze its performance and financial condition. The presentation of non-GAAP financial information should not be considered in isolation or as a substitute for, or superior to, the financial information prepared and presented in accordance with GAAP. A reconciliation of GAAP Net income to EBITDA and Adjusted EBITDA is provided below:
WidePoint uses adjusted EBITDA as supplemental non-GAAP measure of performance. WidePoint defines EBITDA as net income excluding (i) interest expense, (ii) provision for or benefit from income taxes and (iii) depreciation and amortization. Adjusted EBITDA excludes certain amounts included in EBITDA. WidePoint is not providing a quantitative reconciliation of adjusted EBITDA in reliance on the “unreasonable efforts” exception for forward-looking non-GAAP measures set forth in SEC rules because certain financial information, the probable significance of which cannot be determined, is not available and cannot be reasonably estimated without unreasonable effort and expense. In this regard, WidePoint does not provide a reconciliation of forward-looking adjusted EBITDA (non-GAAP) to GAAP net income, due to the inherent difficulty in forecasting and quantifying certain amounts that are necessary for such reconciliation. Because certain deductions for non-GAAP exclusions used to calculate projected net income may vary significantly based on actual events, WidePoint is not able to forecast on a GAAP basis with reasonable certainty all deductions needed in order to provide a GAAP calculation of projected net income at this time. The amounts of these deductions may be material and, therefore, could result in projected GAAP net income being materially less than is indicated by estimated adjusted EBITDA (non-GAAP).
Safe Harbor Statement
This press release contains forward-looking statements concerning our business, operations and financial performance and condition as well as our plans, objectives and expectations for our business operations and financial performance and condition that are subject to risks and uncertainties. All statements other than statements of historical fact included herein are forward-looking statements. You can identify these statements by words such as “aim,” “anticipate,” “assume,” “believe,” “could,” “due,” “estimate,” “expect,” “goal,” “intend,” “may,” “objective,” “plan,” “potential,” “positioned,” “predict,” “should,” “target,” “will,” “would” and other similar expressions that are predictions of or indicate future events and future trends. These forward-looking statements are based on current expectations, estimates, forecasts and projections about our business and the industry in which we operate and our management’s beliefs and assumptions. These statements are not guarantees of future performance or development and involve known and unknown risks, uncertainties and other factors that are in some cases beyond our control. All forward-looking statements are subject to risks and uncertainties that may cause actual results to differ materially from those that we expected, including, the ability to achieve expected benefits from the acquisition of ITA, the ability to achieve the financial outlook included herein, the impact of the COVID-19 pandemic on our business and operations; the impact of any supply chain interruptions; our ability to successfully execute our strategy; our ability to sustain profitability and positive cash flows; our ability to gain market acceptance for our products; our ability to win new contracts, execute contract extensions and expansion of services of existing contracts; our ability to compete with companies that have greater resources than us; our ability to penetrate the commercial sector to expand our business; our ability to retain key personnel; and the risk factors set forth in our Annual Report on Form 10-K for the year ended December 31, 2021 filed with the SEC on March 28, 2022. The forward-looking statements included herein are made only as of the date hereof. We undertake no obligation to publicly update or revise any forward-looking statement as a result of new information, future events or otherwise, except as otherwise required by law.
Investor Relations:
Gateway Group, Inc.
Matt Glover or John Yi
949-574-3860
WIDEPOINT CORPORATION AND SUBSIDIARIES
CONDENSED CONSOLIDATED BALANCE SHEETS
WIDEPOINT CORPORATION AND SUBSIDIARIES
CONDENSED CONSOLIDATED STATEMENT OF OPERATIONS
Fairfax, VA – May 12, 2022 – WidePoint Corporation (NYSE American: WYY), the innovative technology Managed Solution Provider (MSP) specializing in Identity and Access Management (IAM), Telecommunications and Managed Mobility Services (MMS), Digital Billing & Analytics, and IT as a Service (ITaaS), announced today that Soft-ex and IT Authorities, subsidiaries of WidePoint, will be attending Ingram Micro Cloud Summit 22 in Miami on May 17-19, 2022.
Soft-ex has been selected by Ingram Micro as a value add partner for its Microsoft Teams propositions and will be showcasing the company’s Voice Analytics & Digital Billing solution.
Soft-ex CEO Ian Sparling stated: “We are delighted to be named an Ingram Micro partner and also recently a Microsoft Gold partner. Our SaaS solution has been identified as satisfying a growing requirement to optimize the Teams Voice experience. With 2022 being defined as the ‘year of the phone’ for Microsoft, we and Ingram Micro are well positioned to take advantage of the uptake in Teams Voice and meet the need for more centralized visibility and advanced self-serve analytics. We look forward to deepening our relationship with the Ingram sales & channel community at Cloud Summit 22 and are excited to collaborate closely with them to offer compelling solutions and enhanced digital experiences for our joint clients.”
IT Authorities has been an Ingram Micro partner for 15 years and is a Microsoft Gold partner. Jason Caras, CEO of IT Authorities noted: “We are excited to develop opportunities with Soft-ex and Ingram Micro that maximize our unique offerings. Due to our successful partnership with Ingram Micro, we are able to provide comprehensive IT infrastructure solutions that evolve with our clients’ business requirements.”
WidePoint’s CEO Jin Kang added: “The strategic alignment of Soft-ex and IT Authorities is just one example of how our company’s subsidiaries, under the WidePoint umbrella, are working together to forge new business opportunities. Ingram Micro and Microsoft are both partnerships that will expand the impact of WidePoint’s solutions.”
About WidePoint
WidePoint Corporation (NYSE American: WYY) is a leading technology Managed Solution Provider (MSP) dedicated to securing and protecting the mobile workforce and enterprise landscape. WidePoint is recognized for pioneering technology solutions that include Identity and Access Management (IAM), Mobility Managed Services (MMS), Telecom Management, Information Technology as a Service (ITaaS), Cloud Security, and Digital Billing & Analytics. For more information, visit widepoint.com.
WidePoint Investor Relations:
Gateway Group, Inc.
Matt Glover or John Yi
949-574-3860
Connect with
WidePoint
WidePoint’s Solutions are customized to each organization to deliver maximum value, enhanced security and data protection. No matter your industry or enterprise budget, WidePoint has the expertise needed to improve operational efficiency and reduce costs.
Contact WidePoint today to learn more!