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Stock impact report

WidePoint Reports Third Quarter 2023 Financial Results [Yahoo! Finance]

WidePoint Corporation (WYY) 
NASDAQ:AMEX Investor Relations: widepoint.com/investor-relations
Company Research Source: Yahoo! Finance
Provider (MSP) specializing in Identity & Access Management (IAM), Telecommunications and Managed Mobility Services (MMS), Analytics & Billing as a Service (ABaaS), and IT as a Service (ITaaS), reported results for the third quarter ended September 30, 2023. Third Quarter 2023 and Recent Operational Highlights: Awarded a new three-year, $1.7 million Identity & Access Management contract to provide IAM solutions to an agency of the U.S. Department of Transportation. Attained positive Adjusted EBITDA for the 25th consecutive quarter and expect free cash flow to surpass 2022 figures by $3.5 million. Awarded a new 5-year $3.2 million managed mobility services (MMS) contract by the Federal Communications Commission. Won recompete of a 5-year Managed Mobility Services contract from an agency within the Health and Human Services valued at $2.5 million. Won recompete of 3-year digital billing and analytics contract with British Telecom valued at $1.5 million. A component within Show less Read more
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