WYY Earnings Prediction
The chart below shows how WYY performed 10 days before and after its earnings report, based on data from the past quarters. Typically, WYY sees a +1.58% change in stock price 10 days leading up to the earnings, and a -3.32% change 10 days following the report. On the earnings day itself, the stock moves by +0.38%. This data can give you a slight idea of what to expect for the next quarter's release.
WYY Key Earning Data
2024/Q4
Year Over Year
Quarter Over Quarter
Total Revenue
34.62M
34.53%
-3.94%
Gross Margin
12.80%
-9.41%
-0.62%
Operating Margin
-1.30%
-59.88%
1.56%
Net Margin
-1.23%
-65.64%
-11.51%
EPS
-0.04
-60.00%
-20.00%
No Data Available
WYY Earnings Analysis
WidePoint Corporation Corporation (WYY.A) Earnings Conference Call
Positive
Quarterly Revenue Increase: We closed the third quarter with revenues of $34.6 million and nine-months revenue of $104.9 million, both reflecting an approximate 35% increase over the same period in 2023.
Consistent Financial Performance: We achieved our 29 consecutive quarter of positive adjusted EBITDA and the fourth consecutive quarter of positive free cash flow.
Quarterly EBITDA Surge: Adjusted EBITDA for a quarter total $574,000, up 149% from last year, while the nine-month figure rose to $1.9 million, a significant increase from the $387,000 in the same period last year.
Free Cash Flow Surge: Free cash flow also grew by 120% to $511,000 for the quarter compared to a negative $391,000 in the same quarter last year.
Contract Backlog Status: As of September 30, 2024, our contract backlog stood at $300 million.
Negative
Quarterly Revenue Increase: Total revenues for the quarter were $34.6 million, an increase of $8.9 million, or 35% from the $25.7 million reported for the same period last year.
Revenue Increase of 35%: Our nine-month revenues were $104.9 million, an increase of $27.1 million, or 35% from the $77.8 million in the same period last year.
Gross Profit Comparison: Gross Profit for the third quarter was $4.7 million or 14% of revenues, compared to $3.9 million or 15% of revenues in the same period in 2023.
Administrative Expense Comparison: General administrative expenses in the third quarter were $4.3 million or 12% of revenues compared to $3.9 million or 16% of revenues in the same period of 2023.
Net Loss Improvement: Net loss for the second quarter improved by $496,000 to a net loss of $425,200 or a loss of $0.04 per share compared to a net loss of $921,100 or a loss of $0.10 per share for the same period last year.
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WYY Earning Call Sentiment
WidePoint Corporation (WYY) Q3 2024 Earnings Call Transcript
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00:00
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WYY.A
-2.07%Positive
The earnings call summary shows strong financial performance with significant revenue and EBITDA growth, a new strategic partnership, and a positive outlook for revenue and EBITDA guidance. However, there's no shareholder return plan, and some regulatory and economic risks exist. The Q&A highlights optimism in commercial opportunities and progress in FedRAMP authorization. Overall, the positive financial metrics and strategic developments outweigh the risks, suggesting a positive stock price movement.