WidePoint Corporation specializes in the security of information across technology platforms including wireless platforms. Top secret security clearance, government agencies, healthcare providers, law enforcement agencies, system integrators and financial institutions use their services to secure their infrastructure, comply with federal regulations and optimize their information management systems. They also serve the commercial markets with identity management and information assurance services, forensic informatics and wireless technology services.
WidePoint has three wholly owned subsidiaries holding major contracts, Operational Research Consultants, Inc. (ORC), and iSYS, LLC, and WidePoint II. Operational Research Consultants is the leading provider of high-level PKI services to the federal government. Value is delivered faster through WidePoint simply because each phase of a security project life cycle yields a prototype or executable system.
The company announced today that revenue for the third quarter of 2008 increased 122% to $8,878,000 from $4,005,000 in the third quarter of 2007, and revenues for the nine month period ended September 30, 2008 totaled $25,293,000, a 149% increase versus the comparable nine month period of calendar 2007. Another big gainer for WidePoint was the mobile telecom expense management services (MTEM). MTEM segment revenue increased approximately 51% to $5.3 million from $3.5 million. MTEM segment experienced revenue growth of approximately 51% from approximately $3,500,000 for the three months ended September 30, 2007 to approximately $5,284,000 for the three month period ended September 30, 2008.
Steve Komar, CEO of WidePoint said, “We were pleased with the performance of our Mobile Telecom Managed Services segment, which is poised to continue its positive revenue trend for both the fourth quarter of 2008 and throughout 2009. We expect federal agencies will continue to adopt these services under the contract award associated with the FSSI by the General Services Administration. There are presently six federal agencies or departments using these managed services supported by iSYS. We believe more than 40 major federal agencies and departments can benefit from iSYS services.
He continued, “On other fronts, we believe that the adoption and implementation rate of our PKI security solutions will accelerate in 2009, and that our commitment to investing in Sales & Marketing resources and infrastructure will maximize that growth potential in both revenues and margin growth.”
About QualityStocks:
QualityStocks’ Small Cap Stock Newsletter is a free service that collects data from hundreds of Small-Cap online Investment Newsletters into one free Daily Newsletter Report.
Sign up for “The QualityStocks Daily Newsletter” please visit www.QualityStocks.net
The Quality Stocks Daily Stock Report http://video.qualitystocks.net
The Quality Stocks Daily Blog http://blog.qualitystocks.net
The Quality Stocks “Ones to Watch” http://Gotstocks.QualityStocks.net
Please see disclaimer on QualityStocks website: http://disclaimer.qualitystocks.net
Subscribe to:
Post Comments (Atom)
No comments:
Post a Comment