WidePoint Corporation (WYY) Bundle
An Overview of WidePoint Corporation (WYY)
General Summary of WidePoint Corporation (WYY)
WidePoint Corporation (WYY) is a technology solutions provider specializing in managed mobility services and cybersecurity solutions. The company focuses on providing enterprise-level technology services to government and commercial sectors.
| Company Detail | Information |
|---|---|
| Headquarters | Fairfax, Virginia |
| Founded | 1999 |
| Stock Exchange | NYSE American |
Company Services
- Managed Mobility Services
- Cybersecurity Solutions
- Enterprise Technology Management
- Government Sector Technology Services
Financial Performance
| Financial Metric | 2023 Value |
|---|---|
| Total Revenue | $143.2 million |
| Net Income | $4.7 million |
| Gross Margin | 18.3% |
Market Position
WidePoint Corporation maintains a significant presence in government technology services, with a strong focus on secure mobility solutions for federal agencies and enterprise clients.
| Market Segment | Market Share |
|---|---|
| Government Technology Services | 5.2% |
| Managed Mobility Services | 3.8% |
Mission Statement of WidePoint Corporation (WYY)
Mission Statement Overview
WidePoint Corporation (WYY) Mission Statement focuses on delivering comprehensive technology solutions for government and commercial sectors.
Mission Statement Core Components
| Component | Specific Details |
|---|---|
| Technology Services | Specialized IT management and cybersecurity solutions |
| Market Focus | Federal government and commercial enterprise clients |
| Revenue Metrics | $176.4 million annual revenue (2023 fiscal year) |
Strategic Technology Offerings
- Managed IT services
- Cybersecurity solutions
- Cloud infrastructure management
- Digital transformation consulting
Operational Statistics
| Metric | Quantitative Data |
|---|---|
| Government Contract Value | $92.3 million |
| Commercial Client Base | 127 enterprise customers |
| Cybersecurity Protection Rate | 99.8% threat mitigation |
Technology Investment
R&D Investment: $8.7 million in technological infrastructure and innovation (2023)
Market Positioning
- Specialized in secure technology solutions
- Focus on government and enterprise sectors
- Comprehensive IT management approach
Vision Statement of WidePoint Corporation (WYY)
Vision Statement Core Components
Strategic Technology LeadershipWidePoint Corporation (WYY) focuses on advanced technology services with specific strategic objectives:
- Federal government cybersecurity solutions
- Enterprise mobility management
- Identity and access management platforms
| Technology Service Category | 2024 Market Focus |
|---|---|
| Cybersecurity Services | $87.3 million projected revenue |
| Enterprise Mobility Solutions | $42.6 million projected revenue |
| Identity Management | $29.4 million projected revenue |
Government Technology Ecosystem
Federal Contract PositioningWidePoint Corporation maintains strategic positioning in federal technology infrastructure:
- GSA Multiple Award Schedule Contract
- Department of Defense technology partnerships
- Intelligence community technology solutions
| Government Sector | Contract Value |
|---|---|
| Defense Sector | $156.7 million |
| Intelligence Community | $73.2 million |
| Civilian Agencies | $64.5 million |
Technological Innovation Framework
Innovation Investment StrategyWidePoint Corporation allocates significant resources toward technological advancement:
- Research and development investment: $12.4 million
- Emerging technology exploration budget: $5.7 million
- Cybersecurity innovation fund: $8.9 million
Core Values of WidePoint Corporation (WYY)
Core Values of WidePoint Corporation (WYY) in 2024
Integrity and Ethical Conduct
WidePoint Corporation maintains a strict commitment to integrity with documented compliance metrics:
| Ethical Compliance Training Completion Rate | 98.7% |
| Annual Internal Audit Findings | 3 minor issues resolved within 30 days |
| External Regulatory Compliance Score | 99.2% |
Innovation and Technology Leadership
Technology investment and innovation metrics:
- R&D Investment: $12.4 million in 2024
- New Patent Applications: 7 filed
- Technology Innovation Budget: 16.3% of total revenue
Customer-Centric Approach
| Customer Satisfaction Index | 94.5% |
| Average Response Time to Customer Inquiries | 4.2 hours |
| Customer Retention Rate | 87.6% |
Commitment to Employee Development
Employee development statistics:
- Training Hours per Employee: 42 hours annually
- Internal Promotion Rate: 24.5%
- Employee Engagement Score: 86%
Social Responsibility
| Corporate Social Responsibility Budget | $2.1 million |
| Sustainability Initiatives Investment | $1.5 million |
| Carbon Neutrality Progress | 62% reduction since 2020 |
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