$WYY is an interesting name. Here is a link to an insider buying 4-million shares during the plummet last week. Insider purchase of 4-milion shares:
Purchase at $0.77 – $0.79 per share.
(Cost of about $3,123,000)
Reason for $WYY Decline
PureFunds ISE Cyber Security ETF (HACK) could not own $WYY because it went below $100-milion in market cap. Part of their business model is cyber security.
“About WidePoint WidePoint is a leading provider of secure, cloud-delivered, enterprise-wide information technology-based solutions that can enable enterprises and agencies to deploy fully compliant IT services in accordance with government mandated regulations and advanced system requirements. WidePoint has several major government and commercial contracts. For more information, visit www.widepoint.com.”
Last Quarter’s Earning’s Conference Call
The revenue is growing at a 40% range. Here is a PDF on the highlights:
Conference Call Link:
Second Quarter 2015 Earnings Conference Call: management states revenue growth should be strong through December 31st.
A youtube video on Certificate on Device.
The conference call and the website (white papers) highight the focus and opportunities of working with Samsung and the U.S. Federal Government.