Filing Flows › Widepoint (WYY) › Q4 2024
Widepoint (WYY) Q4 2024 earnings results (fourth quarter 2024)
10-K filed Apr 15, 2025
Widepoint (WYY) reported revenue of $37.7M for the fourth quarter 2024 (Q4 2024), +33% from a year earlier and +9% from the quarter before. Operating margin was -0.8%, net loss $356K (0.9% of revenue).
Widepoint, Q4 2024: revenue $37.7M (+33% year over year), operating margin -0.8%, net loss $356K, operating cash flow $2.4M. The chart follows the revenue to costs, profit and cash.
| Q4 2024 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $37.7M | +9% | +33% |
| Operating profit | −$317K | — | — |
| Net earnings | −$356K | — | — |
| Operating cash flow | $2.4M | +29% | — |
| Free cash flow | $2.4M | +32% | — |
What changed
Revenue was $37.7M in Q4 2024, up 33% year over year and up 9% from the previous quarter. Carrier Services was the largest line at 65% of revenue.
Gross margin was 12.6%, down 1.7 points from a year earlier. Operating costs exceeded revenue by $317K, an operating margin of -0.8%. Operating expenses fell 4% while revenue rose 33%. The quarter ended with a net loss of $356K, narrower than the previous quarter's $425K loss.
Operating cash flow was $2.4M. Non-cash charges added back $94K of depreciation and amortization and $225K of share-based compensation. Working capital and other items added $2.5M. Capital expenditures of $37K left free cash flow of $2.4M.
Questions
What was Widepoint's revenue in the fourth quarter 2024?
Widepoint (WYY) reported revenue of $37.7M for the fourth quarter 2024 (Q4 2024), +33% from a year earlier and +9% from the quarter before.
Was Widepoint profitable in the fourth quarter 2024?
Operating loss was $317K (-0.8% of revenue) and net loss $356K.
Source: Widepoint 10-K on SEC EDGAR.