WidePoint (WYY) Misses Q2 EPS by 1c

WidePoint (NYSE: WYY) reported Q2 EPS of ($0.02), $0.01 worse than the analyst estimate of ($0.01). Revenue for the quarter came in at $17.4 million versus the consensus estimate of $18.55 million.

"Our results in the second quarter of 2015, when combined with our first quarter performance, were largely in line with our year to date expectations," stated Steve L. Komar, WidePoint's chief executive officer. Komar further added, "We made great strides in our development efforts of our next generation identity management services with our new channel partners. We see a tremendous interest in our solutions given recent cybersecurity breaches and threats and the strong responses being taken by both government and commercial groups."

James McCubbin, WidePoint CFO, added, "Our second quarter revenues and financial performance were overall in-line with our expectations with a bit more investment required as a result of requests made by our new channel partners for additional support. We continue to look for revenue growth and improved operating results in the 2nd half of the year as next generation identity management services come further on line along with expectations for additional awards from our DHS BPA and other services."

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

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