WidePoint (NYSE: WYY) reported Q2 EPS of ($0.01), in-line with the analyst estimate of ($0.01). Revenue for the quarter came in at $17.54 million versus the consensus estimate of $17.9 million.

• Revenue was $17.5 million compared to $18.9 million
• Gross profit improved 8% to $3.5 million
• Operating expenses declined 12% to $4.0 million
• Net loss reduced to $0.5 million from $1.3 million
• Adjusted EBITDA was $0.1 million as compared to ($0.4) million

"I'm pleased to report four consecutive quarters of positive Adjusted EBITDA due to the progress we've made on capturing higher margin revenue opportunities and our cost savings initiatives. Over the past six months alone, we've reduced our operating expenses by almost $1.2 million," stated Jin Kang, WidePoint's President and Chief Executive Officer. "Meanwhile, we are aggressively working to grow our topline and to improve our sales pipeline with both new and existing customers through the marketing and cross-selling of our leading technology solutions, particularly our TM2 offering. We are positioning the company for profitable growth."

Kito Mussa, WidePoint\'s Chief Financial Officer, added, "While our second quarter revenue declined due to timing of resale revenue, we improved our gross profit, continued to narrow our GAAP net loss, and continued to be Adjusted EBITDA positive. We will remain focused on managing costs as we work to grow our top-line."

For earnings history and earnings-related data on WidePoint (WYY) click here.