WidePoint ($WYY) Quarterly Loss Confined; Beats Market View

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After the market closed, WidePoint (NYSE AMERICAN: WYY) announced its fourth quarter financial results.

  • The quarterly financial report shows a net loss of $0.04 per share and revenue of $37.7 million.
  • Analysts had anticipated revenue for the quarter to be $37.79 million, with a projected loss of $0.03 per share.
  • In comparison to the same quarter the previous year, revenue increased by 33.4 percent, and loss confined by 73.3 percent.