WidePoint Corporation is a technology provider specializing in cybersecurity, telecommunications, and identity management solutions for government and commercial clients.

# WidePoint Corporation - Company Summary

**Overview:**
- WidePoint Corporation is a technology company that provides cybersecurity, telecommunications, and identity management solutions to government and commercial clients.

**Operations and Services:**
- The company specializes in areas such as cybersecurity compliance, mobile device management, identity verification, and secure communications.
- It supports federal government agencies and private sector organizations in managing technical security requirements, particularly in the fields of identity management and secure network access.

**Client Base & Customers:**
- The company serves both government agencies and commercial clients, including some of the U.S. federal government entities and large private organizations requiring secure communications and cybersecurity solutions.

**Employees:**
- As of April 22, 2025, WidePoint has approximately 9,783,591 shares of common stock outstanding; the exact number of employees is not specified in the provided document.

**Financials:**
- Revenue and net income figures are not explicitly stated in the given excerpt. The document discusses executive compensation, company leadership, governance, and ownership details but does not provide specific financial performance metrics such as total revenue, profit, or income for 2024.

**Stock & Market Information:**
- Common stock is listed on the NYSE American under the symbol **WYY**.
- The closing stock price at the end of the most recent reporting period was $4.49 per share.
- The market value of shares held by non-affiliates was approximately **$ million** (exact amount undisclosed).

**Corporate Governance:**
- The Board is classified into three classes for election purposes with a mix of independent and affiliated directors.
- The company has established audit, governance, nominating, and compensation committees to oversee various aspects of corporate oversight and risk management.

**Key Personnel:**
- The company is led by CEO Jin Kang, who has over 39 years of experience in information technology and government contracting.
- Other executives include COO Todd Dzyak, CFO Robert George, and CRO Jason Holloway, with employment agreements extending to December 31, 2027.

**Additional Details:**
- The company emphasizes cybersecurity, identity verification, and secure communications as core offerings.
- It maintains a stated commitment to cybersecurity compliance, government contracting standards, and client confidentiality.

*Note:* Specific revenue, profit, and customer count figures are not provided within the given excerpt.

The company is a leading provider of Technology Management as a Service (TMaaS) that enhances mobility management, IT management, and cybersecurity for government and private clients.

# Company Overview

The company is a premier provider of **Technology Management as a Service (TMaaS)**, focused on enhancing mobility management, IT management, and cybersecurity for both government and private sector clients. Its services encompass a range of areas including communications management, identity management, interactive bill presentment, analytics, and Information Technology as a Service (ITaaS) solutions.

## Key Offerings

1. **Telecom Lifecycle Management**: 
   - Comprehensive asset management for telecom services
   - Hosted in a secure environment
   - Features 24/7 call center support

2. **Mobile and Identity Management**: 
   - Provides federally certified digital certificates for strong multi-factor authentication (MFA)
   - Offers mobile security solutions to safeguard users and corporate resources

3. **Digital Billing and Unified Communications Analytics**: 
   - Delivers innovative billing and analytics solutions for large communications service providers (CSPs)
   - Facilitates customer self-service via a user-friendly portal

4. **IT as a Service (ITaaS)**: 
   - Comprehensive IT services including cybersecurity, cloud services, and network operations
   - Offers migration to cloud services for scalability and cost-effectiveness

## Customer Base

- The company primarily serves **federal government agencies**, with notable clients including the **Department of Homeland Security**.
- It aims to increase its commercial customer footprint through partnerships with large systems integrators.
- ### Key Statistics:
  - **Number of Employees**: 206 (176 in the U.S. and 30 in Europe)
  - **Revenue**: Primarily derived from federal contracts, with approximately 45% generated under DHS contracts.
  - **Average Employee Tenure**: Approximately 8 years, indicating strong employee retention.

## Sales Cycle

- The sales cycle can exceed **12 months** due to factors such as customer evaluation processes and proposal requirements.
- The company employs a **direct sales model**, partners with systems integrators, relies on internal sales teams, and occasionally uses an indirect sales strategy for market expansion.

## Financial Performance

- While detailed revenue and income figures aren't provided, the company has indicated reliance on customer contracts, especially from federal agencies, for its financial stability.
- The risk factors section outlines potential impacts from inflation, competition, and contract terminations, which can affect financial outcomes.

## Strategic Objectives

- The company emphasizes the importance of strategic partnerships to pursue larger opportunities in the market.
- They are focused on enhancing product development to keep pace with technology advancements and customer requirements.
- There are ongoing efforts to diversify their revenue streams by acquiring new contracts and expanding services.

## Summary

The company operates within a complex landscape, offering flexible and scalable TMaaS solutions designed to address both current and future technological needs. Its primary focus on federal government contracts underlines the potential vulnerabilities associated with changing government spending policies. The dedication to customer service and proactive relationship management positions the company favorably within a competitive market.

WIDEPOINT CORP

10-K / April 30, 2025

10-K / March 26, 2024

10-K / April 30, 2025

WidePoint Corporation - Company Summary