WidePoint Q2 revenue rises, adjusted EBITDA jumps

WidePoint

13/08/2026 21:21

Overview
US secure mobility manager's Q2 revenue rose 2% yr/yr
Adjusted EBITDA for Q2 rose 246% from last year
Company named single awardee for 10-year DHS contract, currently under protest

Outlook
Company expects no operational impact from the CWMS 3.0 contract protest due to bridge contract
WidePoint anticipates ATV contract go-live by end of 2026
Company sees potential for increased DaaS pipeline activity in second half of 2026

Result Drivers
FEDERAL CONTRACT AWARDS - Co cited new and renewal federal contracts, including DHS CWMS 3.0 and NASA SEWP VI, as drivers of Q2 results
CARRIER PARTNER EXPANSION - Co expanded integration engagement with a leading US telecommunications carrier during Q2
BRIDGE CONTRACTS MAINTAIN OPERATIONS - Co said DHS awarded a 6-month bridge contract to ensure no gaps in federal business during protest period

Company press release: ID:nGNX3XXF9K

Key Details
Metric
Beat/Miss
Actual
Consensus Estimate
Q2 Revenue
 
$38 mln
$42.46 mln (2 Analysts)
Q2 Adjusted EBITDA
 
$635,200
 
Q2 Basic EPS
 
$0.01
 
Q2 EBITDA
 
$460,300
 
Q2 Gross Profit
 
$5.80 mln
 
Q2 Income from Operations
 
$0
 

Analyst Coverage
The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 3 "strong buy" or "buy", no "hold" and no "sell" or "strong sell"
The average consensus recommendation for the it services & consulting peer group is "buy"
Wall Street's median 12-month price target for WidePoint Corp is $9.00, about 21.7% below its August 12 closing price of $11.49
The stock recently traded at 14 times the next 12-month earnings vs. a P/E of 52 three months ago

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(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)