WIDEPOINT CORP company info

CIK 1034760
IRS Number 522040275
State of incorporation DE
Business address 7926 JONES BRANCH DRIVE, SUITE 520
None
MCLEAN
VA
22102
Mail address 7926 JONES BRANCH DRIVE, SUITE 520
None
MCLEAN
VA
22102

Short summary

WIDEPOINT CORP is a Virginia company, with head office located at 7926 Jones Branch Drive, Suite 520 Mclean, Virginia 22102. In 2016 the company owned a total of 44.51 million USD worth of assets, including 20.90 million USD worth of current assets. 2014 was the year when the company amassed the most assets. The company net sales last year amounted to 78.42 million USD, which means a 10.70% increase when compared to 2015. The company allocated 699.01 thousand USD of its income to research and development.

WIDEPOINT CORP Income Statement

Name [in Millions USD]20092010201120122013201420152016Trends
Revenue, Net 50.8141.3755.7846.8353.3270.8478.42
Cost of Goods and Services Sold 37.5532.13
Gross Profit 13.269.2413.8612.1113.5113.2314.01
Research and development 0.070.480.670.70
Operating Expenses 10.469.1412.8413.2918.1618.6918.17
Operating Income (Loss) 2.800.111.02-1.18-4.65-5.46-4.16
Interest expense 0.090.070.290.180.190.140.07
Other Nonoperating Income (Expense) -0.000.000.010.010.030.01
Income Tax Expense (Benefit) -3.65-0.20-0.100.363.59-0.08-0.07
Net income 6.380.250.83-1.69-8.40-5.47-4.13

WIDEPOINT CORP Balance Sheet

Name [in Millions USD]20092010201120122013201420152016Trends
Cash and cash equivalents 6.245.390.282.504.109.698.335.47
Accounts Receivable, Net, Current 4.738.295.236.1812.397.978.65
Inventories 0.170.260.040.020.070.14
Deferred income taxes 0.490.470.4700.010.040.05
Property, Plant and Equipment, Gross 2.823.043.834.754.552.39
Accumulated Depreciation, Depletion and Amortization, Property, Plant, and Equipment -1.271.572.003.203.211.42
Goodwill 11.3318.1516.6220.8418.5618.5618.56
Intangible Assets, Net (Excluding Goodwill) 1.105.034.085.654.803.99
Other Assets, Noncurrent 0.060.080.070.120.140.060.09
Total assets 29.3039.1936.1646.1053.9647.3844.51
Current assets 12.4011.2110.1113.7328.0722.6220.90
Accounts payable 4.306.283.743.558.667.437.07
Taxes Payable, Current 0.080.020.040.060.05
Total current liabilities 6.3810.177.5611.6717.4715.6217.84
Long-term Debt, Excluding Current Maturities 0.516.054.321.760.890.420
Long-term Debt 8.214.783.921.760.880
Deferred income taxes 00.450.450.39
Total liabilities 7.1316.4612.0013.5919.0616.6318.40
Common Stock, Value, Issued 0.060.060.060.070.080.080.08
Retained Earnings (Accumulated Deficit) -46.90-46.80-45.62-49.01-58.38-62.84-67.87
Accumulated Other Comprehensive Income (Loss), Net of Tax -0.03-0.24-0.24-0.18

WIDEPOINT CORP Cash Flow

Name [in Millions USD]20092010201120122013201420152016Trends
Net income 6.380.250.83-1.69-8.40-5.47-4.13
Depreciation 0.300.330.400.400.500.490.44
Amortization of Intangible Assets 0.710.531.391.361.341.081.13
Depreciation and amortization 0.200.210.280.290.380.380.36
Deferred Income Tax Expense (Benefit) -3.84-0.21-0.080.113.69-0.01-0.02
Inventories 0.110.17-0.03-0.07-0.010.10
Deferred revenue -0.47-0.24-0.19-0.08
Net Cash Provided by (Used in) Operating Activities 1.661.431.00-1.15-2.59-2.90
Payments to Acquire Property, Plant, and Equipment 0.970.430.320.510.260.410.27
Payments to Acquire Businesses, Net of Cash Acquired 0.387.43004.080
Net Cash Provided by (Used in) Investing Activities -2.12-8.81-0.37-0.51-4.45-0.60
Net Cash Provided by (Used in) Investing Activities, Continuing Operations -0.60-0.61
Proceeds from Issuance of Long-term Debt 0.674.15000
Proceeds from Issuance of Common Stock 0022.020
Net Cash Provided by (Used in) Financing Activities 0.043.60-0.81-0.1920.36-1.55
Cash and Cash Equivalents, Period Increase (Decrease) -0.42-3.78-0.18-1.8613.15-5.221.19