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Stock impact report

WidePoint Corporation (WYY): A Debt-Free IT Stock Benefiting from DHS Budget Momentum [Yahoo! Finance]

WidePoint Corporation (WYY) 
NASDAQ:AMEX Investor Relations: widepoint.com/investor-relations
Company Research Source: Yahoo! Finance
solid first-quarter results, driven by year-over-year revenue growth at the back of cost management efforts. The company also achieved positive earnings per share despite an extended period of uncertainty at DHS. WidePoint Corporation (WYY): A Debt-Free IT Stock to Buy on Improving Profitability and Revenue Growth Source:Pexels Revenue in the quarter increased by $7.1 million to $40.6 million, while gross margin was 14%. The company also bounced back to profitability, reporting net income of $77,000, or $0.01 a share, compared to a net loss of $724,000, or $0.08 a share, posted in the same quarter last year. Widepoint also achieved its 35th consecutive quarter of positive EBITDA of $752,000, representing a 714% year-over-year increase. Free cash flow was up 941% to $674,000, marking a 10th consecutive quarter of positive returns. While the government shutdown did affect the company in the first quarter, a majority of DHS agencies have received funding and budget momentum, acti Show less Read more
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