WidePoint (WYY) LD Micro 20th Annual Main Event Conference summary

Business and financial position

• Mobility and cybersecurity solutions delivered through SaaS; 95% recurring revenue, $219M contract backlog, zero bank debt and $10M cash at Q2 2026.

• 2025 revenue was $151M; H1 2026 revenue was $79M, with double-digit growth. Adjusted EBITDA positive for 36 consecutive quarters, free cash flow positive for 11 and EPS positive for two.

• Addressable market estimated at $36B across government and commercial organizations, supported by rising cybersecurity needs, remote work and endpoint growth.

Contract catalysts and timing

• An unnamed major U.S. mobile carrier signed a five-year SaaS contract worth an estimated $45M-$50M, with gross margin above 70%; go-live is scheduled for end-Q4 2026.

• The carrier contract is expected to contribute $0.50 EPS at full run rate; ramp is planned over the next two to three quarters, reaching full scale by end-Q2 or early Q3 2027.

• The $3.1B, 10-year DHS Cellular Wireless Managed Services 3.0 award was protested; GAO sustained the protest on Sept. 25, 2026, and DHS must address recommendations before making a new award.

• COO said GAO gave DHS 60 days to explain how it would address findings; DHS is to request information, reevaluate responses and make another award. A conflict-of-interest allegation was denied.

• Management expects the DHS contract to contribute about $1.50 EPS at full run rate, with full ramp targeted for exit-2028 or early 2029; management believes the award will ultimately be settled in its favor.

Solutions and competitive position

• ITMS is FedRAMP certified for secure cloud handling of federal data; the platform manages asset lifecycles and provides asset visibility, with digital billing and analytics planned for AI enhancement.

• MobileAnchor brings smartphone-based multifactor authentication to market; management described the PKI-based solution as quantum-computing resistant and said it has never been hacked.

• Credentials are used by more than 18,000 enterprises worldwide; the federal government has certified only two vendors to issue credentials equivalent to CAC or PIV cards.

• M365 Analyzer helps manage software-license inventory and cost; the solution was developed, tested and deployed.