WidePoint Corp
widepoint.comWidePoint Corp (NYSE American: WYY) is a technology managed services company that provides telecom mobility management and identity credentialing solutions primarily to U.S. federal government agencies. It makes money through two main revenue streams: recurring monthly managed services fees priced per user or device, and carrier services where it procures and processes wireless carrier invoices on behalf of customers on a gross-revenue basis. The carrier services component represents a large share of reported revenue but generates nominal gross profit, while the managed services segment drives the meaningful margin contribution. Customer concentration is extreme: 77% of FY2025 revenues and 79% of FY2024 revenues came from a single Department of Homeland Security contract for Cellular Wireless Managed Services 2.0. WidePoint's proprietary Intelligent Technology Management System (ITMS) achieved FedRAMP Authorized status in February 2025, alongside multiple Authorizations to Operate from DHS, GSA, DoD, and the Department of Commerce. The company is headquartered in Fairfax, Virginia, with additional operations in Columbus, Ohio, and Hampton, Virginia.
Products & Services
Telecom Management as a Service (TMaaS); Intelligent Technology Management System (ITMS, FedRAMP Authorized as of February 19, 2025); identity credentialing and access management services; carrier services (wireless, data, satellite invoice consolidation and payment processing).
Revenue Model
Recurring monthly managed services fees based on per-user or per-device counts (TMaaS, identity services); carrier services revenue recognized gross as WidePoint procures and pays wireless carrier invoices on behalf of customers. Carrier services carry nominal margins. Identity services are delivered on-demand through the cloud.
Customers & Markets
Predominantly U.S. federal government agencies. The Department of Homeland Security accounted for 77% of FY2025 revenues and 79% of FY2024 revenues under the Cellular Wireless Managed Services (CWMS) 2.0 ID/IQ contract. Other government customers include GSA, DoD, and the Department of Commerce. Commercial customers are a small and developing segment pursued through systems integrators and strategic partners.
Geographic Exposure
Primary operations in the United States. Data centers located in North America and Europe, with plans to migrate customers to federally approved cloud environments.
Financial Snapshot
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