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Management Commentary
"We are pleased to announce that we have attained positive Adjusted EBITDA for the 25th consecutive quarter and expect free cash flow to surpass 2022 figures by an impressive $3.5 million, both underscoring our unwavering commitment to prudent financial stewardship and operational resilience," said WidePoint CEO, Jin Kang. "With the majority of our capital investments having been made, we've begun to see early signs of success with our sales and marketing initiatives and anticipate our growth engine to be activated at scale the end of this year and early next. This has also led us to believe that we will hit our revenue guidance range of $103 million to $108 million. As we continue to navigate a dynamic market environment, our focus remains on staying adaptable, delivering value to shareholders, and capitalizing on the multitude of opportunities that come ahead."
Posted In: WYY
