WidePoint Wins ~$15.2M In New And Renewal Contracts In Q3 2024
Portfolio Pulse from Benzinga Newsdesk
WidePoint secured approximately $15.2 million in new and renewal contracts in Q3 2024, with $3.2 million from commercial contracts and $12 million from government contracts. The company expanded its MobileAnchor™ services and launched a major mobility management program for a federal agency.
October 23, 2024 | 1:05 pm
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WidePoint Corporation announced securing approximately $15.2 million in new and renewal contracts for Q3 2024, with significant contributions from both commercial and government sectors. This includes new orders for its MobileAnchor™ services and a major mobility management program for a federal agency.
The announcement of $15.2 million in contracts, including a major federal program, indicates strong business growth and potential revenue increase for WidePoint. The expansion of MobileAnchor™ services and strategic partnerships with federal agencies are likely to positively impact the company's stock price in the short term.
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