WidePoint WYY Reports Second Quarter and Year to Date 2024 Financial Results
WidePoint WYY Reports Second Quarter and Year to Date 2024 Financial Results
FAIRFAX, VA / ACCESSWIRE / August 14, 2024 / WidePoint Corporation (NYSE American:WYY), the innovative enterprise cyber security and mobile technology provider, reported results for the second quarter and six-months ended June 30, 2024.
弗吉尼亚州费尔法克斯/ACCESSWIRE/2024年8月14日/创新的企业网络安全和移动技术提供商WidePoint公司(美国纽约证券交易所代码:WYY)公布了截至2024年6月30日的第二季度和六个月的业绩。
Second Quarter 2024 and Recent Operational Highlights:
2024 年第二季度及近期运营亮点:
Awarded $254 million contract modification by the U.S. Department of Homeland Security increasing the ceiling of the Cellular Wireless Management Services 2.0 contract from $500 million to $754 million
Selected by the U.S. Navy as one of seven contractors for the 10-Year, $2.7 billion Spiral 4 contract
Certified and successfully deployed new proprietary MobileAnchor Digital Credential into a Federal Agency
28th consecutive quarter of positive Adjusted EBITDA
Third consecutive quarter ending free cash flow positive
获得美国国土安全部2.54亿美元的合同修改授权,将蜂窝无线管理服务2.0合同的上限从5亿美元提高到7.54亿美元
被美国海军选为这份为期10年、价值27亿美元的Spiral 4合同的七个承包商之一
经过认证并成功将新的专有MobileAnchor数字凭证部署到联邦机构
连续第28个季度调整后息税折旧摊销前利润为正
连续第三个季度结束时自由现金流为正
Second Quarter 2024 Financial Highlights:
2024 年第二季度财务摘要:
Revenues were $36 million, a 35% increase from the same quarter last year
Adjusted EBITDA, a non-GAAP financial measure, was $811,000, a 479% improvement from the same quarter last year
Gross margin was 14%, and gross margin excluding carrier services revenue was 31%
Net loss decreased to $500,000 compared to $842,000 from the same period last year, or a loss of $(0.05) per diluted share
Free cash flow1, a non-GAAP financial measure, was $800,000, or an improvement of 467% compared to the same period last year
As of June 30, 2024, cash was $4.0 million with no bank debt
收入为3,600万美元,比去年同期增长35%
调整后的息税折旧摊销前利润是非公认会计准则财务指标,为81.1万美元,比去年同期增长479%
毛利率为14%,不包括承运人服务收入在内的毛利率为31%
净亏损从去年同期的84.2万美元降至50万美元,摊薄后每股亏损为0.05美元(0.05)美元
自由现金流1是非公认会计准则财务指标,为80万美元,与去年同期相比增长了467%
截至2024年6月30日,现金为400万美元,没有银行债务
Six Months 2024 Financial Highlights:
2024 年六个月财务摘要:
Revenues were $70.2 million, a 35% increase from the same quarter last year
Adjusted EBITDA, a non-GAAP financial measure, was $1.4 million, a 764% increase from the same quarter last year
Gross margin was 14%, and gross margin excluding carrier services revenue was 31%
Net loss decreased to $1.2 million or a loss of $(0.13) per diluted share compared to $1.8 million in the same period last year,
Free cash flow1, a non-GAAP financial measure, was $1.4 million
收入为7,020万美元,比去年同期增长35%
调整后的息税折旧摊销前利润是非公认会计准则财务指标,为140万美元,比去年同期增长764%
毛利率为14%,不包括承运人服务收入在内的毛利率为31%
净亏损降至120万美元,摊薄后每股亏损0.13美元,而去年同期为180万美元,
自由现金流1是非公认会计准则财务指标,为140万美元
1 Free cash flow, a non-GAAP financial measure, is defined as Adjusted EBITDA less capital expenditures
1 自由现金流是一种非公认会计准则财务指标,定义为调整后的息税折旧摊销前利润减去资本支出
Management Commentary
管理层评论
"We continue to make significant strides in our sequential financial performance and growth, with notable improvements in both our top-line results and adjusted EBITDA," said WidePoint CEO Jin Kang. "Compared to last year, our position in the capital markets has improved, thanks to the effective execution of our organic growth strategy. Our strategic investments and partnerships, including advancements in our business solutions, certifications and credentials, project management offices, and strategic hires, have all contributed to driving sales growth and profitable projections in 2025. Additionally, we have received initial RFQs for the Spiral 4 contract and are currently setting up administrative arrangements with the Navy and establishing vendor agreements for services and equipment. We maintain a positive outlook for the remainder of the year, buoyed by promising sales developments and technological advancements that will further enhance WidePoint's ability to offer a diverse range of services and support our sales and marketing goals for years to come."
WidePoint首席执行官金康表示:“我们在连续财务业绩和增长方面继续取得长足的进步,我们的营收业绩和调整后的息税折旧摊销前利润均有显著改善。”“与去年相比,我们在资本市场的地位有所改善,这要归功于我们的有机增长战略的有效执行。我们的战略投资和合作伙伴关系,包括业务解决方案、认证和证书、项目管理办公室和战略招聘方面的进步,都为推动2025年的销售增长和盈利预测做出了贡献。此外,我们已经收到了Spiral 4合同的初始询价单,目前正在与海军制定行政安排,并签订服务和设备的供应商协议。在前景光明的销售发展和技术进步的推动下,我们在今年剩余时间内保持乐观的前景,这将进一步增强WidePoint提供多种服务的能力,并支持我们在未来几年的销售和营销目标。”
Second Quarter 2024 Financial Summary
2024 年第二季度财务摘要
THREE MONTHS ENDED |
||||||||
(In millions except per share amounts) |
JUNE 30, |
|||||||
2024 |
2023 |
|||||||
(Unaudited) |
||||||||
Revenue |
$ |
36.0 |
$ |
26.8 |
||||
Gross profit |
4.9 |
3.9 |
||||||
Gross profit margin |
14% | 15% | ||||||
Operating expenses |
5.4 |
4.6 |
||||||
Loss from operations |
(0.5) | (0.7) | ||||||
Loss per share |
$ |
(0.05) | $ |
(0.10) | ||||
EBITDA |
0.4 |
0.0 |
||||||
Adjusted EBITDA |
0.8 |
0.1 |
三个月已结束 |
||||||||
(除每股金额外,以百万计) |
6月30日 |
|||||||
2024 |
2023 |
|||||||
(未经审计) |
||||||||
收入 |
$ |
36.0 |
$ |
26.8 |
||||
毛利润 |
4.9 |
3.9 |
||||||
毛利率 |
14% | 15% | ||||||
运营费用 |
5.4 |
4.6 |
||||||
运营损失 |
(0.5) | (0.7) | ||||||
每股亏损 |
$ |
(0.05) | $ |
(0.10) | ||||
EBITDA |
0.4 |
0.0 |
||||||
调整后 EBITDA |
0.8 |
0.1 |
Six-Month 2024 Financial Summary
2024 年六个月财务摘要
SIX MONTHS ENDED |
||||||||
(In millions except per share amounts) |
JUNE 30, |
|||||||
2024 |
2023 |
|||||||
(Unaudited) |
||||||||
Revenue |
$ |
70.2 |
$ |
52.0 |
||||
Gross profit |
9.6 |
7.7 |
||||||
Gross profit margin |
14% | 15% | ||||||
Operating expenses |
10.7 |
9.3 |
||||||
Loss from operations |
(1.1) | (1.6) | ||||||
Loss per share |
$ |
(0.13) | $ |
(0.20) | ||||
EBITDA |
0.6 |
(0.1) | ||||||
Adjusted EBITDA |
1.4 |
0.2 |
六个月已结束 |
||||||||
(除每股金额外,以百万计) |
6月30日 |
|||||||
2024 |
2023 |
|||||||
(未经审计) |
||||||||
收入 |
$ |
70.2 |
$ |
52.0 |
||||
毛利润 |
9.6 |
7.7 |
||||||
毛利率 |
14% | 15% | ||||||
运营费用 |
10.7 |
9.3 |
||||||
运营损失 |
(1.1) | (1.6) | ||||||
每股亏损 |
$ |
(0.13) | $ |
(0.20) | ||||
EBITDA |
0.6 |
(0.1) | ||||||
调整后 EBITDA |
1.4 |
0.2 |
Conference Call
电话会议
Wide Point's management will host the conference call today (August 14, 2024) at 4:30 p.m. Eastern time (1:30 p.m. Pacific time) to discuss these results.
Wide Point的管理层将于今天(2024年8月14日)美国东部时间下午 4:30(太平洋时间下午 1:30)主持电话会议,讨论这些结果。
U.S. dial-in number: 888-506-0062
International number: 973-528-0011
Access Code: 403107
美国拨入号码:888-506-0062
国际号码:973-528-0011
接入码:403107
Please call the conference telephone number 5-10 minutes prior to the start time. An operator will register your name and organization. If you have any difficulty connecting with the conference call, please contact Gateway Group at (949) 574-3860.
请在开始时间前 5-10 分钟拨打会议电话号码。操作员将注册您的姓名和组织。如果您在连接电话会议时遇到任何困难,请致电 (949) 574-3860 与 Gateway Group 联系。
The conference call will be broadcast live and available for replay here and via the investor relations section of the company's website.
电话会议将进行现场直播,可在此处和公司网站的投资者关系部分重播。
A replay of the conference call will be available after 7:30 p.m. Eastern time on the same day through Wednesday, August 28, 2024.
电话会议的重播将在美国东部时间当天晚上 7:30 之后播出,直至2024年8月28日星期三。
Toll-free replay number: 877-481-4010
International replay number: 919-882-2331
Replay ID: 50911
免费重播号码:877-481-4010
国际重播号码:919-882-2331
重播 ID:50911
About WidePoint
WidePoint
WidePoint Corporation (NYSE American:WYY) is a leading technology Managed Solution Provider (MSP) dedicated to securing and protecting the mobile workforce and enterprise landscape. WidePoint is recognized for pioneering technology solutions that include Identity and Access Management (IAM), Mobility Managed Services (MMS), Telecom Management, Information Technology as a Service (ITaaS), Cloud Security, and Analytics & Billing as a Service (ABaaS). For more information, visit widepoint.com.
WidePoint 公司(纽约证券交易所美国股票代码:WYY)是一家领先的技术管理解决方案提供商(MSP),致力于保护和保护移动工作人员和企业格局。WidePoint 因开创性的技术解决方案而受到认可,这些解决方案包括身份和访问管理 (IAM)、移动管理服务 (MMS)、电信管理、信息技术即服务 (ITAaS)、云安全以及分析和计费即服务 (ABaaS)。欲了解更多信息,请访问 widepoint.com。
Non-GAAP Financial Measures
非公认会计准则财务指标
WidePoint uses a variety of operational and financial metrics, including non-GAAP financial measures such as EBITDA and Adjusted EBITDA, and Free cashflow, to enable it to analyze its performance and financial condition. The presentation of non-GAAP financial information should not be considered in isolation or as a substitute for, or superior to, the financial information prepared and presented in accordance with GAAP. A reconciliation of GAAP Net income to EBITDA and Adjusted EBITDA and Free cashflow is provided below:
WidePoint使用各种运营和财务指标,包括非公认会计准则财务指标,例如息税折旧摊销前利润和调整后的息税折旧摊销前利润以及自由现金流,以使其能够分析其业绩和财务状况。不应孤立地考虑非公认会计准则财务信息的列报,也不得将其作为根据公认会计原则编制和列报的财务信息的替代或优于财务信息。GAAP净收入与息税折旧摊销前利润以及调整后的息税折旧摊销前利润和自由现金流的对账情况如下:
THREE MONTHS ENDED |
SIX MONTHS ENDED |
|||||||||||||||
JUNE 30, |
JUNE 30, |
|||||||||||||||
2024 |
2023 |
2024 |
2023 |
|||||||||||||
(Unaudited) |
(Unaudited) |
|||||||||||||||
NET LOSS |
$ |
(499,600) | $ |
(842,100) | $ |
(1,152,700) | $ |
(1,793,600) | ||||||||
Adjustments to reconcile net income to EBITDA: |
||||||||||||||||
Depreciation and amortization |
906,900 |
771,700 |
1,740,300 |
1,540,100 |
||||||||||||
Amortization of deferred financing costs |
- |
- |
- |
- |
||||||||||||
Income tax provision (benefit) |
15,800 |
48,800 |
(26,300) | 55,100 |
||||||||||||
Interest income |
(51,800) | (9,200) | (101,200) | (11,400) | ||||||||||||
Interest expense |
72,400 |
56,900 |
131,100 |
115,700 |
||||||||||||
EBITDA |
$ |
443,700 |
$ |
26,100 |
$ |
591,200 |
$ |
(94,100) | ||||||||
Other adjustments to reconcile net (loss) income to Adjusted EBITDA: |
||||||||||||||||
Loss on factoring of receivables |
1,666 |
18,858 |
8,948 |
18,858 |
||||||||||||
Stock-based compensation expense |
365,900 |
95,500 |
783,700 |
235,600 |
||||||||||||
Adjusted EBITDA |
$ |
811,266 |
$ |
140,458 |
$ |
1,383,848 |
$ |
160,358 |
||||||||
Capital expendatures |
(11,507) | (358,658) | (18,001) | (717,928) | ||||||||||||
Free cashflow |
$ |
799,759 |
$ |
(218,200) | $ |
1,365,847 |
$ |
(557,570) |
三个月已结束 |
六个月已结束 |
|||||||||||||||
6月30日 |
6月30日 |
|||||||||||||||
2024 |
2023 |
2024 |
2023 |
|||||||||||||
(未经审计) |
(未经审计) |
|||||||||||||||
净亏损 |
$ |
(499,600) | $ |
(842,100) | $ |
(1,152,700) | $ |
(1,793,600) | ||||||||
为调节净收入与息税折旧摊销前利润而进行的调整: |
||||||||||||||||
折旧和摊销 |
906,900 |
771,700 |
1,740,300 |
1,540,100 |
||||||||||||
递延融资成本的摊销 |
- |
- |
- |
- |
||||||||||||
所得税准备金(福利) |
15,800 |
48,800 |
(26,300) | 55,100 |
||||||||||||
利息收入 |
(51,800) | (9,200) | (101,200) | (11,400) | ||||||||||||
利息支出 |
72,400 |
56,900 |
131,100 |
115,700 |
||||||||||||
EBITDA |
$ |
443,700 |
$ |
26,100 |
$ |
591,200 |
$ |
(94,100) | ||||||||
为调节净(亏损)收入与调整后息税折旧摊销前利润而进行的其他调整: |
||||||||||||||||
应收账款保理损失 |
1,666 |
18,858 |
8,948 |
18,858 |
||||||||||||
股票薪酬支出 |
365,900 |
95,500 |
783,700 |
235,600 |
||||||||||||
调整后 EBITDA |
$ |
811,266 |
$ |
140,458 |
$ |
1,383,848 |
$ |
160,358 |
||||||||
资本支出 |
(11,507) | (358,658) | (18,001) | (717,928) | ||||||||||||
自由现金流 |
$ |
799,759 |
$ |
(218,200) | $ |
1,365,847 |
$ |
(557,570) |
WidePoint uses Adjusted EBITDA and Free cashflow as supplemental non-GAAP measure of performance. WidePoint defines EBITDA as net income excluding (i) interest expense, (ii) provision for or benefit from income taxes, (iii) depreciation and amortization, and (iv) Impairment charges. Adjusted EBITDA excludes certain amounts included in EBITDA. WidePoint is not providing a quantitative reconciliation of adjusted EBITDA in reliance on the "unreasonable efforts" exception for forward-looking non-GAAP measures set forth in SEC rules because certain financial information, the probable significance of which cannot be determined, is not available and cannot be reasonably estimated without unreasonable effort and expense. In this regard, WidePoint does not provide a reconciliation of forward-looking adjusted EBITDA (non-GAAP) to GAAP net income, due to the inherent difficulty in forecasting and quantifying certain amounts that are necessary for such reconciliation. Because certain deductions for non-GAAP exclusions used to calculate projected net income may vary significantly based on actual events, WidePoint is not able to forecast on a GAAP basis with reasonable certainty all deductions needed in order to provide a GAAP calculation of projected net income at this time. The amounts of these deductions may be material and, therefore, could result in projected GAAP net income being materially less than is indicated by estimated adjusted EBITDA (non-GAAP).
WidePoint使用调整后的息税折旧摊销前利润和自由现金流作为非公认会计准则业绩的补充衡量标准。WidePoint将息税折旧摊销前利润定义为净收益,不包括(i)利息支出,(ii)所得税准备金或收益,(iii)折旧和摊销以及(iv)减值费用。调整后的息税折旧摊销前利润不包括息税折旧摊销前利润中包含的某些金额。WidePoint没有根据美国证券交易委员会规则中规定的前瞻性非公认会计准则指标的 “不合理努力” 例外情况提供调整后的息税折旧摊销前利润的量化对账,因为某些财务信息可能的重要性无法确定,无法获得,如果没有不合理的努力和费用也无法合理估计。在这方面,WidePoint不提供前瞻性调整后息税折旧摊销前利润(非公认会计准则)与GAAP净收入的对账情况,因为预测和量化此类对账所需的某些金额固有困难。由于用于计算预计净收入的非公认会计准则排除项的某些扣除额可能会因实际事件而有很大差异,因此WidePoint无法合理确定地预测当前预计净收入的GAAP计算所需的所有扣除额。这些扣除额可能很大,因此可能导致预计的GAAP净收入大大低于估计的调整后息税折旧摊销前利润(非GAAP)所示。
Safe Harbor Statement
安全港声明
This press release contains forward-looking statements concerning our business, operations and financial performance and condition as well as our plans, objectives and expectations for our business operations and financial performance and condition that are subject to risks and uncertainties. All statements other than statements of historical fact included herein are forward-looking statements. You can identify these statements by words such as "aim," "anticipate," "assume," "believe," "could," "due," "estimate," "expect," "goal," "intend," "may," "objective," "plan," "potential," "positioned," "predict," "should," "target," "will," "would" and other similar expressions that are predictions of or indicate future events and future trends. These forward-looking statements are based on current expectations, estimates, forecasts and projections about our business and the industry in which we operate and our management's beliefs and assumptions. These statements are not guarantees of future performance or development and involve known and unknown risks, uncertainties and other factors that are in some cases beyond our control. All forward-looking statements are subject to risks and uncertainties that may cause actual results to differ materially from those that we expected, including, the impact of supply chain issues; our ability to successfully execute our strategy; our ability to sustain profitability and positive cash flows; our ability to access sufficient financing on acceptable terms given the tightening credit markets due to the current banking environment; our ability to gain market acceptance for our products; our ability to win new contracts, execute contract extensions and expand scope of services on existing contracts; our ability to compete with companies that have greater resources than us; our ability to penetrate the commercial sector to expand our business; our ability to identify potential acquisition targets and close such acquisitions; our ability to successfully integrate acquired businesses with our existing operations; our ability to maintain a sufficient level of inventory necessary to meet our customers demand due to supply shortage and pricing; our ability to retain key personnel; our ability to mitigate the impact of increases in interest rates; the impact of increasingly volatile public equity markets on our market capitalization; the impact and outcome of negotiations around the Federal debt ceiling; our ability to mitigate the impact of inflation; and The risk factors set forth in our Annual Report on Form 10-K for the year ended December 31, 2023 filed with the SEC on March 31, 2024.
本新闻稿包含有关我们的业务、运营和财务业绩和状况的前瞻性陈述,以及我们对业务运营的计划、目标和预期,以及受风险和不确定性影响的财务业绩和状况。除历史事实陈述外,此处包含的所有陈述均为前瞻性陈述。你可以通过诸如 “目标”、“预测”、“假设”、“可以”、“到期”、“估计”、“期望”、“目标”、“打算”、“可能”、“目标”、“计划”、“潜力”、“定位”、“预测”、“应该”、“目标”、“将” 等词语来识别这些陈述,以及其他类似的预测或表明未来的事件和未来趋势。这些前瞻性陈述基于当前对我们的业务和运营行业的预期、估计、预测和预测以及管理层的信念和假设。这些陈述不能保证未来的业绩或发展,涉及已知和未知的风险、不确定性以及在某些情况下我们无法控制的其他因素。所有前瞻性陈述都受到风险和不确定性的影响,这些风险和不确定性可能导致实际结果与我们的预期存在重大差异,包括供应链问题的影响;我们成功执行战略的能力;我们维持盈利能力和正现金流的能力;在当前银行环境导致信贷市场紧缩的情况下,我们以可接受的条件获得足够融资的能力;我们的产品获得市场认可的能力;我们赢得新合同、执行合同延期的能力;以及扩大现有合同的服务范围;我们与比我们拥有更多资源的公司竞争的能力;我们渗透商业领域以扩大业务的能力;我们确定潜在收购目标和完成此类收购的能力;我们成功将收购的业务与现有业务整合的能力;由于供应短缺和定价,我们维持满足客户需求所需的充足库存水平的能力;我们留住关键人员的能力;我们减轻其影响的能力利率的提高;日益波动的公开股票市场对我们市值的影响;围绕联邦债务上限的谈判的影响和结果;我们减轻通货膨胀影响的能力;以及我们在2024年3月31日向美国证券交易委员会提交的截至2023年12月31日止年度的10-k表年度报告中列出的风险因素。
The forward-looking statements included herein are made only as of the date hereof. We undertake no obligation to publicly update or revise any forward-looking statement as a result of new information, future events or otherwise, except as otherwise required by law.
此处包含的前瞻性陈述仅自本文发布之日起作出。除非法律另有规定,否则我们没有义务因新信息、未来事件或其他原因公开更新或修改任何前瞻性陈述。
WidePoint Investor Relations:
WidePoint 投资者关系:
Gateway Group, Inc.
Matt Glover or John Yi
949-574-3860
WYY@gateway-grp.com
盖特威集团有限公司
马特·格洛弗或 John Yi
949-574-3860
WYY@gateway-grp.com
WIDEPOINT CORPORATION AND SUBSIDIARIES
CONDENSED CONSOLIDATED BALANCE SHEETS
WidePoint 公司及其子公司
简明的合并资产负债表
JUNE 30, |
DECEMBER 31, |
|||||||
2024 |
2023 |
|||||||
(Unaudited) |
||||||||
ASSETS |
||||||||
CURRENT ASSETS |
||||||||
Cash |
$ |
4,000,899 |
$ |
6,921,160 |
||||
Accounts receivable, net of allowance for credit losses |
||||||||
of $78,334 and $81,359, respectively |
10,560,802 |
8,219,793 |
||||||
Unbilled accounts receivable |
25,784,217 |
16,618,639 |
||||||
Other current assets |
1,527,940 |
1,083,671 |
||||||
Total current assets |
41,873,858 |
32,843,263 |
||||||
NONCURRENT ASSETS |
||||||||
Property and equipment, net |
617,203 |
780,800 |
||||||
Lease right of use asset |
3,707,771 |
4,045,222 |
||||||
Intangible assets, net |
6,098,664 |
7,336,348 |
||||||
Goodwill |
5,811,578 |
5,811,578 |
||||||
Other long-term assets |
489,700 |
483,288 |
||||||
Total assets |
$ |
58,598,774 |
$ |
51,300,499 |
||||
LIABILITIES AND STOCKHOLDERS' EQUITY |
||||||||
CURRENT LIABILITIES |
||||||||
Accounts payable |
$ |
14,033,887 |
$ |
12,633,658 |
||||
Accrued expenses |
22,594,181 |
16,175,702 |
||||||
Current portion of deferred revenue |
2,269,718 |
2,009,343 |
||||||
Current portion of lease liabilities |
600,819 |
638,258 |
||||||
Total current liabilities |
39,498,605 |
31,456,961 |
||||||
NONCURRENT LIABILITIES |
||||||||
Lease liabilities, net of current portion |
3,874,080 |
4,114,516 |
||||||
Contingent consideration |
6,900 |
6,900 |
||||||
Deferred revenue, net of current portion |
1,059,922 |
1,027,770 |
||||||
Deferred tax liabilities, net |
138,077 |
16,923 |
||||||
Total liabilities |
44,577,584 |
36,623,070 |
||||||
Commitments and contingencies (Note 14) |
- |
- |
||||||
STOCKHOLDERS' EQUITY |
||||||||
Preferred stock, $0.001 par value; 10,000,000 shares |
||||||||
authorized; 2,045,714 shares issued and none outstanding |
- |
- |
||||||
Common stock, $0.001 par value; 30,000,000 shares |
||||||||
authorized; 9,485,508 and 8,893,220 shares |
||||||||
issued and outstanding, respectively |
9,487 |
8,894 |
||||||
Additional paid-in capital |
102,676,148 |
102,151,381 |
||||||
Accumulated other comprehensive loss |
(363,835) | (334,899) | ||||||
Accumulated deficit |
(88,300,610) | (87,147,947) | ||||||
Total stockholders' equity |
14,021,190 |
14,677,429 |
||||||
Total liabilities and stockholders' equity |
$ |
58,598,774 |
$ |
51,300,499 |
6月30日 |
十二月三十一日 |
|||||||
2024 |
2023 |
|||||||
(未经审计) |
||||||||
资产 |
||||||||
流动资产 |
||||||||
现金 |
$ |
4,000,899 |
$ |
6,921,160 |
||||
扣除信贷损失备抵后的应收账款 |
||||||||
分别为78,334美元和81,359美元 |
10,560,802 |
8,219,793 |
||||||
未开票的应收账款 |
25,784,217 |
16,618,639 |
||||||
其他流动资产 |
1,527,940 |
1,083,671 |
||||||
流动资产总额 |
41,873,858 |
32,843,263 |
||||||
非流动资产 |
||||||||
财产和设备,净额 |
617,203 |
780,800 |
||||||
租赁使用权资产 |
3,707,771 |
4,045,222 |
||||||
无形资产,净额 |
6,098,664 |
7,336,348 |
||||||
善意 |
5,811,578 |
5,811,578 |
||||||
其他长期资产 |
489,700 |
483,288 |
||||||
总资产 |
$ |
58,598,774 |
$ |
51,300,499 |
||||
负债和股东权益 |
||||||||
流动负债 |
||||||||
应付账款 |
$ |
14,033,887 |
$ |
12,633,658 |
||||
应计费用 |
22,594,181 |
16,175,702 |
||||||
递延收入的本期部分 |
2,269,718 |
2,009,343 |
||||||
租赁负债的流动部分 |
600,819 |
638,258 |
||||||
流动负债总额 |
39,498,605 |
31,456,961 |
||||||
非流动负债 |
||||||||
租赁负债,扣除流动部分 |
3,874,080 |
4,114,516 |
||||||
偶然考虑 |
6,900 |
6,900 |
||||||
递延收入,扣除当期部分 |
1,059,922 |
1,027,770 |
||||||
递延所得税负债,净额 |
138,077 |
16,923 |
||||||
负债总额 |
44,577,584 |
36,623,070 |
||||||
承付款和或有开支(注14) |
- |
- |
||||||
股东权益 |
||||||||
优先股,面值0.001美元;1,000,000股 |
||||||||
已授权;已发行2,045,714股,无已发行股票 |
- |
- |
||||||
普通股,面值0.001美元;3000万股 |
||||||||
已授权;9,485,508 股和 8,893,220 股 |
||||||||
分别已发放和未决 |
9,487 |
8,894 |
||||||
额外的实收资本 |
102,676,148 |
102,151,381 |
||||||
累计其他综合亏损 |
(363,835) | (334,899) | ||||||
累计赤字 |
(88,300,610) | (87,147,947) | ||||||
股东权益总额 |
14,021,190 |
14,677,429 |
||||||
负债和股东权益总额 |
$ |
58,598,774 |
$ |
51,300,499 |
WIDEPOINT CORPORATION AND SUBSIDIARIES
CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS
WidePoint 公司及其子公司
简明合并运营报表
THREE MONTHS ENDED |
SIX MONTHS ENDED |
|||||||||||||||
JUNE 30, |
JUNE 30, |
|||||||||||||||
2024 |
2023 |
2024 |
2023 |
|||||||||||||
(Unaudited) |
||||||||||||||||
REVENUES |
$ |
36,040,771 |
$ |
26,762,857 |
$ |
70,248,050 |
$ |
52,036,538 |
||||||||
COST OF REVENUES (including amortization and depreciation of |
||||||||||||||||
$654,122, $508,025, $1,231,027, and $1,010,585, respectively) |
31,147,549 |
22,853,220 |
60,688,937 |
44,316,961 |
||||||||||||
GROSS PROFIT |
4,893,222 |
3,909,637 |
9,559,113 |
7,719,577 |
||||||||||||
OPERATING EXPENSES |
||||||||||||||||
Sales and marketing |
559,926 |
542,172 |
1,171,819 |
1,063,850 |
||||||||||||
General and administrative expenses (including share-based |
||||||||||||||||
compensation of $365,958, $95,454, $783,741 and $235,570, respectively) |
4,542,769 |
3,830,513 |
8,991,252 |
7,741,333 |
||||||||||||
Depreciation and amortization |
252,112 |
263,684 |
508,646 |
529,527 |
||||||||||||
Total operating expenses |
5,354,807 |
4,636,369 |
10,671,717 |
9,334,710 |
||||||||||||
LOSS FROM OPERATIONS |
(461,585) | (726,732) | (1,112,604) | (1,615,133) | ||||||||||||
OTHER (EXPENSE) INCOME |
||||||||||||||||
Interest income |
51,725 |
9,245 |
101,151 |
11,441 |
||||||||||||
Interest expense |
(72,331) | (56,910) | (131,068) | (115,688) | ||||||||||||
Other (expense) income, net |
(1,534) | (18,864) | (36,405) | (19,058) | ||||||||||||
Total other (expense) income, net |
(22,140) | (66,529) | (66,322) | (123,305) | ||||||||||||
LOSS BEFORE INCOME TAX (BENEFIT) PROVISION |
(483,725) | (793,261) | (1,178,926) | (1,738,438) | ||||||||||||
INCOME TAX (BENEFIT) PROVISION |
15,828 |
48,812 |
(26,263) | 55,114 |
||||||||||||
NET LOSS |
$ |
(499,553) | $ |
(842,073) | $ |
(1,152,663) | $ |
(1,793,552) | ||||||||
EARNINGS PER SHARE, BASIC AND DILUTED |
$ |
(0.05) | $ |
(0.10) | $ |
(0.13) | $ |
(0.20) | ||||||||
WEIGHTED-AVERAGE SHARES OUTSTANDING, BASIC AND DILUTED |
9,390,154 |
8,794,704 |
9,151,265 |
8,767,163 |
||||||||||||
DILUTED EARNINGS PER SHARE |
$ |
(0.05) | $ |
(0.10) | $ |
(0.13) | $ |
(0.20) | ||||||||
DILUTED WEIGHTED-AVERAGE SHARES OUTSTANDING |
9,390,154 |
8,794,704 |
9,151,265 |
8,767,163 |
三个月已结束 |
六个月已结束 |
|||||||||||||||
6月30日 |
6月30日 |
|||||||||||||||
2024 |
2023 |
2024 |
2023 |
|||||||||||||
(未经审计) |
||||||||||||||||
收入 |
$ |
36,040,771 |
$ |
26,762,857 |
$ |
70,248,050 |
$ |
52,036,538 |
||||||||
收入成本(包括摊销和折旧 |
||||||||||||||||
分别为654,122美元、508,025美元、1,231,027美元和1,010,585美元) |
31,147,549 |
22,853,220 |
60,688,937 |
44,316,961 |
||||||||||||
毛利 |
4,893,222 |
3,909,637 |
9,559,113 |
7,719,577 |
||||||||||||
运营费用 |
||||||||||||||||
销售和营销 |
559,926 |
542,172 |
1,171,819 |
1,063,850 |
||||||||||||
一般和管理费用(包括基于股份的费用) |
||||||||||||||||
薪酬分别为365,958美元、95,454美元、783,741美元和235,570美元) |
4,542,769 |
3,830,513 |
8,991,252 |
7,741,333 |
||||||||||||
折旧和摊销 |
252,112 |
263,684 |
508,646 |
529,527 |
||||||||||||
运营费用总额 |
5,354,807 |
4,636,369 |
10,671,717 |
9,334,710 |
||||||||||||
运营损失 |
(461,585) | (726,732) | (1,112,604) | (1,615,133) | ||||||||||||
其他(支出)收入 |
||||||||||||||||
利息收入 |
51,725 |
9,245 |
101,151 |
11,441 |
||||||||||||
利息支出 |
(72,331) | (56,910) | (131,068) | (115,688) | ||||||||||||
其他(支出)收入,净额 |
(1,534) | (18,864) | (36,405) | (19,058) | ||||||||||||
其他(支出)收入总额,净额 |
(22,140) | (66,529) | (66,322) | (123,305) | ||||||||||||
所得税前亏损(福利)准备金 |
(483,725) | (793,261) | (1,178,926) | (1,738,438) | ||||||||||||
所得税(福利)条款 |
15,828 |
48,812 |
(26,263) | 55,114 |
||||||||||||
净亏损 |
$ |
(499,553) | $ |
(842,073) | $ |
(1,152,663) | $ |
(1,793,552) | ||||||||
每股收益,基本收益和摊薄收益 |
$ |
(0.05) | $ |
(0.10) | $ |
(0.13) | $ |
(0.20) | ||||||||
已发行股份、基本股和摊薄后加权平均数 |
9,390,154 |
8,794,704 |
9,151,265 |
8,767,163 |
||||||||||||
摊薄后的每股收益 |
$ |
(0.05) | $ |
(0.10) | $ |
(0.13) | $ |
(0.20) | ||||||||
摊薄后加权平均已发行股数 |
9,390,154 |
8,794,704 |
9,151,265 |
8,767,163 |
WIDEPOINT CORPORATION AND SUBSIDIARIES
CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS
WidePoint 公司及其子公司
简明的合并现金流量表
SIX MONTHS ENDED |
||||||||
JUNE 30, |
||||||||
2024 |
2023 |
|||||||
(Unaudited) |
||||||||
CASH FLOWS FROM OPERATING ACTIVITIES |
||||||||
Net loss |
$ |
(1,152,663) | $ |
(1,793,552) | ||||
Adjustments to reconcile net loss to net cash provided by |
||||||||
(used in) operating activities: |
||||||||
Deferred income tax expense |
117,700 |
- |
||||||
Depreciation expense |
516,833 |
532,557 |
||||||
Provision for credit losses |
13,725 |
34,037 |
||||||
Amortization of intangibles |
1,223,491 |
1,007,555 |
||||||
Share-based compensation expense |
783,741 |
235,570 |
||||||
Loss on disposal of fixed assets |
- |
3,211 |
||||||
Changes in assets and liabilities: |
||||||||
Accounts receivable and unbilled receivables |
(11,774,202) | (2,158,825) | ||||||
Inventories |
82,917 |
(85,066) | ||||||
Other current assets |
(511,277) | (54,040) | ||||||
Other assets |
(6,412) | 27,161 |
||||||
Accounts payable and accrued expenses |
7,856,266 |
2,197,714 |
||||||
Income tax payable |
(90,629) | 25,535 |
||||||
Deferred revenue and other liabilities |
303,130 |
1,049,118 |
||||||
Net cash (used in) provided by operating activities |
(2,637,380) | 1,020,975 |
||||||
CASH FLOWS FROM INVESTING ACTIVITIES |
||||||||
Purchases of property and equipment |
(18,001) | (103,014) | ||||||
Capitalized hardware and software development costs |
- |
(614,914) | ||||||
Proceeds from beneficial interest in sold receivables |
259,125 |
143,116 |
||||||
Net cash provided by (used in) investing activities |
241,124 |
(574,812) | ||||||
CASH FLOWS FROM FINANCING ACTIVITIES |
||||||||
Advances on bank line of credit |
4,600,000 |
6,493,284 |
||||||
Repayments of bank line of credit advances |
(4,600,000) | (6,493,284) | ||||||
Principal repayments under finance lease obligations |
(278,574) | (255,436) | ||||||
Withholding taxes paid on behalf of employees on net settled restricted stock awards |
(258,381) | (3,628) | ||||||
Net cash used in financing activities |
(536,955) | (259,064) | ||||||
Net effect of exchange rate on cash |
12,950 |
57,150 |
||||||
NET (DECREASE) INCREASE IN CASH |
(2,920,261) | 244,249 |
||||||
CASH, beginning of period |
6,921,160 |
7,530,864 |
||||||
CASH, end of period |
$ |
4,000,899 |
$ |
7,775,113 |
六个月已结束 |
||||||||
6月30日 |
||||||||
2024 |
2023 |
|||||||
(未经审计) |
||||||||
来自经营活动的现金流 |
||||||||
净亏损 |
$ |
(1,152,663) | $ |
(1,793,552) | ||||
为调节净亏损与提供的净现金而进行的调整 |
||||||||
(用于)经营活动: |
||||||||
递延所得税支出 |
117,700 |
- |
||||||
折旧费用 |
516,833 |
532,557 |
||||||
信贷损失准备金 |
13,725 |
34,037 |
||||||
无形资产的摊销 |
1,223,491 |
1,007,555 |
||||||
基于股份的薪酬支出 |
783,741 |
235,570 |
||||||
处置固定资产的损失 |
- |
3,211 |
||||||
资产和负债的变化: |
||||||||
应收账款和未开票应收账款 |
(11,774,202) | (2,158,825) | ||||||
库存 |
82,917 |
(85,066) | ||||||
其他流动资产 |
(511,277) | (54,040) | ||||||
其他资产 |
(6,412) | 27,161 |
||||||
应付账款和应计费用 |
7,856,266 |
2,197,714 |
||||||
应缴所得税 |
(90,629) | 25,535 |
||||||
递延收入和其他负债 |
303,130 |
1,049,118 |
||||||
经营活动提供的(用于)净现金 |
(2,637,380) | 1,020,975 |
||||||
来自投资活动的现金流 |
||||||||
购买财产和设备 |
(18,001) | (103,014) | ||||||
资本化的硬件和软件开发成本 |
- |
(614,914) | ||||||
已售应收账款实益权益的收益 |
259,125 |
143,116 |
||||||
由(用于)投资活动提供的净现金 |
241,124 |
(574,812) | ||||||
来自融资活动的现金流量 |
||||||||
银行信贷额度的预付款 |
4,600,000 |
6,493,284 |
||||||
偿还银行信贷额度预付款 |
(4,600,000) | (6,493,284) | ||||||
融资租赁债务下的本金还款额 |
(278,574) | (255,436) | ||||||
代表员工就净结算的限制性股票奖励缴纳的预扣税 |
(258,381) | (3,628) | ||||||
用于融资活动的净现金 |
(536,955) | (259,064) | ||||||
汇率对现金的净影响 |
12,950 |
57,150 |
||||||
现金净增加(减少) |
(2,920,261) | 244,249 |
||||||
现金,期初 |
6,921,160 |
7,530,864 |
||||||
现金,期末 |
$ |
4,000,899 |
$ |
7,775,113 |
SOURCE: WidePoint Corporation
来源:WidePoint 公司