WIDEPOINT CORP

WidePoint Corporation has been selected as the single awardee for the Department of Homeland Security's (DHS) Cellular Wireless Managed Services (CWMS) 3.0 contract. This 10-year Indefinite Delivery, Indefinite Quantity (IDIQ) contract has a ceiling value of approximately $3.1 billion. Under the agreement, WidePoint will provide integrated solutions for lifecycle management, connectivity, security, and operational requirements across all DHS components.

WidePoint Corporation announced it has been selected as the single awardee for the Department of Homeland Security's (DHS) Cellular Wireless Managed Services (CWMS) 3.0 contract. This 10-year Indefinite Delivery, Indefinite Quantity (IDIQ) contract has a ceiling value of approximately $3.1 billion. The award solidifies a major strategic milestone for WidePoint, enabling it to deliver mission-critical communications-related capabilities across the federal government using its FedRAMP-certified ITMS Command Center platform.

WidePoint Corporation announced it has been named a prime contract awardee on the NASA Solutions for Enterprise-Wide Procurement (SEWP) VI contract. This multiple award, government-wide acquisition contract has a total procurement ceiling of $60 billion over a potential 10-year ordering period, with task orders extending up to 15 years. The contract significantly expands WidePoint's capability to deliver integrated IT, cybersecurity, cloud, and managed services across the federal government, with CEO Jin Kang calling it a "transformational growth platform."

WidePoint Corporation held its annual meeting on June 17, 2026, where stockholders voted on key proposals. Phil Garfinkle was elected as a Class II director to serve a three-year term until the 2029 Annual Meeting. Additionally, the appointment of Baker Tilly US, LLP as the independent registered public accountants for the fiscal year ending December 31, 2026, was ratified by the stockholders.

WidePoint reported strong first-quarter 2026 financial results, with revenues increasing to $40.6 million and achieving positive net income of $77,000, or $0.01 per share, compared to a loss in the prior year. The company also saw significant growth in Adjusted EBITDA by 714% and Free Cash Flow by 941% year-over-year. Management highlighted the 35th consecutive quarter of positive Adjusted EBITDA and the 10th consecutive quarter of positive Free Cash Flow, along with progress on key contracts like the CWMS 3.0 and a carrier SaaS agreement, which are expected to drive growth in the second half of 2026.

WidePoint Corporation announced the rescheduling of its 2026 Annual Meeting of Stockholders from Friday, June 19, 2026, to Wednesday, June 17, 2026, at 10:00 a.m. EST, due to administrative reasons. The company's proxy statement and related materials are available on the SEC's website and WidePoint's website. Stockholders can vote by proxy via telephone or internet until June 16, 2026, and participate in the meeting online.

WidePoint Corp reported a significant turnaround in its first quarter 2026 financial results, achieving a net income of $76,960 compared to a net loss of $724,063 in the same period last year. This improvement was driven by a 21.09% increase in revenues, reaching $40.58 million, and a substantial reduction in operating losses. The company also saw an increase in its cash and cash equivalents and a decrease in net cash used in operating activities, indicating improved financial health.

WidePoint Corporation announced its 2026 Annual Meeting of Stockholders will be held virtually on June 19, 2026. Stockholders will vote on the election of one Class II director, the ratification of Baker Tilly US, LLP as independent accountants for 2026, and other business. CEO Jin Kang noted progress in strengthening the operational foundation and technology capabilities, despite not fully achieving certain financial and contract objectives, emphasizing a focus on long-term growth in government and cybersecurity markets. The company also detailed its corporate governance practices and executive compensation philosophy.

WidePoint Corporation announced it will host a conference call on Thursday, May 14, 2026, at 4:30 p.m. ET to discuss its financial results for the first quarter ended March 31, 2026. The financial results will be released in a press release before the call, followed by a Q&A session with management.

WidePoint Corporation announced it closed $1.5 million in total contract value for its IT Managed Services division in Q1 2026. The company also secured an exclusive outsourcing agreement with a Leading National Bottler for procurement and vendor management, expanding on a previous $1.3 million award. This new engagement is expected to improve procurement efficiency and decision-making, with WidePoint aiming to replicate this solution with other clients.