Key Developments: WidePoint Corp (WYY)

WYY on American Stock Exchange

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19 Dec 2014
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Latest Key Developments (Source: Significant Developments)

WidePoint Corp receives three new contract awards and one contract expansion from U.S. Federal Agencies to manage telecommunications assets
Monday, 1 Dec 2014 07:45am EST 

WidePoint Corp:Announces that it has received three new contract awards and one contract expansion from United States Federal government agencies to manage telecommunications assets.One new award and one modification comes under the recently awarded Federal Government Blanket Purchase Agreement (BPA), with the other two, for full Telecom Lifecycle Management, coming from components of another cabinet-level agency.Says the award and modification under the recently awarded Federal Agency BPA will be ramping up through the first quarter of 2015 and is a result of WidePoint's continuing effort to actively engage other Federal Government agencies.Other two awards, one an existing client and the other a new client, reflect the value and growth WidePoint continues to generate within the federal government marketplace.  Full Article

WidePoint Corp completes $11.5 mln public offering of common stock
Wednesday, 5 Nov 2014 07:45am EST 

WidePoint Corp:Says completion of an underwritten public offering of 7,931,035 shares of common stock at a purchase price of $1.45 per share.Offering included 1,034,483 additional shares of common stock that were exercised by the underwriters in an agreement to cover over-allotments.Gross proceeds to the Company from this offering were about $11.5 mln, before deducting underwriting discounts and other offering expenses. All of the shares in the offering were sold by WidePoint.Expects to use the net proceeds from the offering for growth capital, general corporate purposes including the repayment of debt, and mergers and acquisition activities.In connection with the offering, B. Riley & Co., LLC, is acting as lead book-runner and Craig Hallum Capital Group LLC is acting as co-manager.  Full Article

WidePoint Corp and Kyocera enter into strategic alliance
Thursday, 23 Oct 2014 09:00am EDT 

WidePoint Corp and Kyocera Communications, Inc:Says companies entered into strategic alliance.Under terms of agreement, Kyocera's portfolio of industry-leading ruggedized mobile devices now will be offered as part of WidePoint's Telecom Lifecycle Management solutions.WidePoint customers will be able to order Kyocera devices directly from their WidePoint online ordering portals.  Full Article

WidePoint Corp prices public offering of common stock
Thursday, 23 Oct 2014 07:50am EDT 

WidePoint Corp:Says pricing of an underwritten public offering of 6,896,552 shares of its common stock at purchase price of $1.45 per share.Says gross proceeds to the company from this offering are expected to be about $10.0 mln, before deducting underwriting discounts and other estimated offering expenses.In addition, WidePoint has granted the underwriters 30-day option to purchase up to an aggregate of 1,034,483 additional shares of common stock to cover over-allotments, if any.All of the shares in the offering are to be sold by WidePoint. While the offering is expected to close on Oct. 28, closing of the offering is subject to customary closing conditions and therefore there can be no assurance as to whether or when the offering will be completed.WidePoint expects to use the net proceeds from offering for growth capital, general corporate purposes including the repayment of debt, and M&A activities.In connection with the offering, B. Riley & Co., LLC, is acting as lead book-runner and Craig*Hallum Capital Group LLC is acting as co-manager.  Full Article

Widepoint announces proposed public offering of common stock
Wednesday, 22 Oct 2014 04:30pm EDT 

Widepoint Corp:Announces that it intends to offer shares of its common stock in an underwritten public offering.All of the shares in the offering are to be sold by WidePoint.Expects to grant the underwriters a 30-day option to purchase additional shares of WidePoint's common stock to cover over-allotments, if any.B. Riley & Co., LLC, is acting as lead book-runner and Craig*Hallum Capital Group LLC is acting as co-manager.Expects to use the net proceeds from the offering for growth capital, general corporate purposes including the repayment of debt, and M&A activities.  Full Article

WidePoint Corp updates on Q3 2014 revenue outlook to a range above analysts' estimates
Wednesday, 15 Oct 2014 07:45am EDT 

WidePoint Corp:Expects Q3 2014 revenue to be in the range of $14.3 to $14.7 mln.Q3 2014 revenue of $14.0 mln - Thomson Reuters I/B/E/S.  Full Article

WidePoint Corp managed mobility services receives 4 new federal contract awards
Wednesday, 8 Oct 2014 07:45am EDT 

WidePoint Corp:Receives contract award from new federal government agency customer and three new additional task orders under a recently awarded Federal Government blanket purchase agreement.New awards brings an additional agency under yet another Federal Department.Awards have period of performance of one year and total about $2.7 mln with potential for customers to choose extending awards.  Full Article

WidePoint Corp receives task orders
Tuesday, 30 Sep 2014 07:45am EDT 

WidePoint Corp:Received two new Task Orders from federal agencies under a recently awarded Federal Government Blanket Purchase Agreement (BPA).The agencies, one responsible for civilian aviation security and the other one of its subcomponents, awarded two Task Orders totaling $87.9 million.Both Task Orders have a period of performance of a one-year base period and four one-year option periods.  Full Article

WidePoint Corp subsidiary iSYS receives task order from U.S. Citizenship and Immigration Services
Thursday, 18 Sep 2014 07:45am EDT 

WidePoint Corp:Announces that its subsidiary iSYS LLC has received a new Task Order under the Department of Homeland Security (DHS) Cellular Wireless Managed Services (CWMS) Blanket Purchase Agreement (BPA).Says the total value of this Task Order, placed by DHS component U.S. Citizenship and Immigrations Services (USCIS), is $23.4 million with one base year and four option year periods.  Full Article

WidePoint Corp gives Q3 2014 revenue outlook
Thursday, 14 Aug 2014 04:01pm EDT 

WidePoint Corp:Anticipate an increase in sequential revenue growth in Q3 2014 as compared to the Q2 2014.Q3 2014 revenue of $14.53 mln - Thomson Reuters I/B/E/S.  Full Article

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