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WidePoint improved its financial performance in Q2 2026: Revenue rose to $38 million, while the company posted net income of $66,000 versus a $618,000 loss a year earlier. Adjusted EBITDA increased to $635,000 and free cash flow to $627,000.
The $3.1 billion, 10-year DHS CWMS 3.0 award remains under protest, with a GAO decision due by October 7, 2026. A six-month, $113 million CWMS 2.5 bridge contract is intended to prevent service disruption while the protest is resolved.
Management sees substantial growth potential from CWMS 3.0, the expanded ATV carrier contract, device-as-a-service opportunities and NASA's SEWP VI vehicle. New CWMS task orders could begin in Q4 2026, with a broader ramp expected through 2027 and 2028.
WidePoint (NYSEAMERICAN:WYY) reported higher second-quarter revenue, improved profitability and a strengthened long-term outlook tied to its recently awarded Department of Homeland Security contract, while the company continues to await a decision on a protest of that award.
#contract #million #year
WidePoint improved its financial performance in Q2 2026: Revenue rose to $38 million, while the company posted net income of $66,000 versus a $618,000 loss a year earlier. Adjusted EBITDA increased to $635,000 and free cash flow to $627,000.
The $3.1 billion, 10-year DHS CWMS 3.0 award remains under protest, with a GAO decision due by October 7, 2026. A six-month, $113 million CWMS 2.5 bridge contract is intended to prevent service disruption while the protest is resolved.
Management sees substantial growth potential from CWMS 3.0, the expanded ATV carrier contract, device-as-a-service opportunities and NASA's SEWP VI vehicle. New CWMS task orders could begin in Q4 2026, with a broader ramp expected through 2027 and 2028.
WidePoint (NYSEAMERICAN:WYY) reported higher second-quarter revenue, improved profitability and a strengthened long-term outlook tied to its recently awarded Department of Homeland Security contract, while the company continues to await a decision on a protest of that award.
#contract #million #year
3 months ago
