WidePoint (WYY) Reports Q4 Loss of $0.01/Share

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WidePoint Corporation Reports Fourth Quarter and Full Year 2017 Results

March 21, 2018 4:05 PM EDT

MCLEAN, Va., March 21, 2018 /PRNewswire/ -- WidePoint Corporation (NYSE Mkt: WYY) a leading provider of Trusted Mobility Management (TM2) specializing in Telecommunication Lifecycle Management (TLM) and Cybersecurity solutions, announced its fourth quarter and full year 2017 financial results.

Fourth Quarter 2017 Highlights (Comparisons versus Fourth Quarter 2016)

Revenue grew 9% to $19.9 million Operating expenses declined 12% to $4.3 million Net loss reduced to $0.8 million from $2.4 million Adjusted EBITDA was $0.3 million as compared to ($1.7) million

"I'm very pleased with the progress we made to... More