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Stock impact report

WidePoint Shares Strong 2023 Preliminary Results and Announces Strategic Priorities for 2024 [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), today announced positive operational and financial results for 2023 and shared its priorities for a robust 2024. Preliminary Fourth Quarter and Full Year 2023 Results Based on preliminary, unaudited financial results, WidePoint anticipates meeting its revenue guidance of $103 million to $108 million for the full year 2023. Highlights and preliminary financial results for the fourth quarter and full year 2023 include: Full year 2023 Revenues of approximately $106 million 26th consecutive quarter of positive Adjusted EBITDA Sequential quarter-over-quarter growth in Adjusted EBITDA for 2023 Cashflow positive in Q4 2023 (Cashflow is defined as Adjusted EBITDA less capital expenditures) Ended 2023 with approximately $6.9 million in cash and cash equivalents, with no bank debt 2023 Op Show less Read more
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