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The Company is a technology-based provider of product and services to both the government sector and commercial markets.
Cybersecurity to become more important as technology evolves. WYY is perfectly positioned, already with many government contracts that when exercised would add up to much more than what the company is currently worth.
Cash infusion of up to $600 million Department of Homeland Defense contract is a boon to this company. Additional unannounced deals in the pipeline as well. This is one to hold for the long term.
Once the details of the already established contract with the DHS get out, the Oasis contract for international exposure, as well as others in the pipeline...this thing will really pick up steam.
numbers are somewhat bloated in goodwill assets but im willing to see what the next 2 months will be like, if they are good then it might just most likely be a hump.
THE HERD TOLD ME SO.
WidePoint Corporation (NYSE Amex: WYY), a specialist in wireless mobility management and cybersecurity solutions, and Wackenhut Services Inc. ("WSI") today jointly announced that the two companies have entered into an agreement that expands the total security services WSI can offer its customers that will now include logical security solutions for identity management and information protection provided by WidePoint in conjunction with WSI's existing technology solutions.
Little by little making a profit, very slow mover but fairly solid and steady.
This stock is in a very important upcoming sector that I see great growth from. They specialize in securing cyberspace. Not only do they specialize in securing cyberspace, but they are working on securing cyberspace for government entities which means big $ contracts. Really cool technology in "Beta Stage" .http://www.youtube.com/watch?v=Z58V0iG83ngDo your own DD.Highlights from last earnings.Net revenue for the quarter ended September 30, 2010 increased approximately 21% to $13.8 million from $11.4 million in last year's comparable period.Growth was driven by a 158% year-over-year increase in CyberSecurity Solutions segment revenue.Gross profit increased 47% to $3.9 million (29% gross margin), compared to $2.7 million (24% gross margin) on higher margin revenue during the period.Income from operations was approximately $1.2 million, a 102% increase, compared to approximately $583,000 in last year's comparable period.Net income increased 115% to approximately $1.1 million, or $0.02 per share, compared to net income of approximately $515,000, or $0.01 per share, in last year's comparable period.
Homeland Security Presidential Directive compliance unlike competitors, more visibility through AMEX
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