 Sequential Growth in Managed Services Revenues Helps Drive Gross Margins to 22.8 FAIRFAX, VA ACCESSWIRE May 14, 2021 WidePoint Corporation NYSE American:WYY , the leading provider of Trusted Mobility Management TM2 specializing in Telecommunications Lifecycle Management, Identity Management IdM and Digital Billing Analytics solutions, today reported results for the first quarter ended March 31, 2021. First Quarter 2021 and Recent Operational Highlights Received the first task orders under the Department of Homeland Security Cellular Wireless Management Services 2.0 contract, which were valued at 86 million in aggregate Successfully on-boarded the DHS Cybersecurity and Infrastructure Security Agency CISA Recognized by the International Organization for Standardization ISO for quality, environmental, and occupational health and safety Awarded three new Identity Management contracts, including a deployment with a Fortune Global 500 corporation, increasing WidePoints commercial footprint as well as the Companys secure digital certificates into a new U.S. federal agency Number of U.S. Department of Defense secure digital certificates issued increased 8 sequentially from the fourth quarter of 2020 Recognized as honorable mention vendor in the 2021 Gartner Magic Quadrant for Managed Mobility Services, Global First Quarter 2021 Financial Highlights: Revenues were 20.7 million Managed Services revenue increased sequentially to 9.3 million Gross margin improved to 22.8 Net income improved to 585,000, or 0.06 per diluted share EBITDA, a non-GAAP financial measure, was 1.0 million Adjusted EBITDA, a non-GAAP financial measure, was 1.2 million As of March 31, 2021, cash increased to 17.1 million Management Commentary After completing what was, by many metrics, the most successful year in WidePoints history, we entered 2021 with solid momentum and with an intense focus on maintaining and ultimately growing our profitability, said WidePoints CEO, Jin Kang. 