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Stock impact report

WidePoint Receives $14.7 Million in Recent Contract Awards for Telecom Expense Management (TEM) and Mobility Managed Services (MMS)

WidePoint Corporation (WYY) 
NASDAQ:AMEX Investor Relations: widepoint.com/investor-relations
Company Research Source: GlobeNewswire
FAIRFAX, Va., Oct. 22, 2019 (GLOBE NEWSWIRE) -- WidePoint Corporation (NYSE American: WYY), the leading provider of Trusted Mobility Management (TM2) specializing in Telecommunications Lifecycle Management, Identity Management and Digital Billing & Analytics solutions, today announced that the company received approximately $14.7 million in recent contract awards for Telecom Expense Management (TEM) and Mobility Managed Services (MMS) during the third quarter of 2019. During the quarter, the company recorded more than sixty-five contractual actions, which include new contracts wins as well as exercised option years and contract extensions with current customers. These awards are an amalgamation of contracts from both federal government and commercial customers. WidePoint began recognizing revenues from these awards during the third quarter of 2019. “The contract awards we recognized in the third quarter demonstrate our commitment to expanding and diversifying our revenues and our Show less Read more
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