WIDEPOINT CORP Revenue Disclosure
20. Revenue by Service Type, Customer Type and by Geographic Region
The Company recognized revenues by the following broad service types:
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| YEARS ENDED |
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| DECEMBER 31, |
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| 2022 |
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| 2021 |
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Carrier Services |
| $ | 53,339,950 |
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| $ | 49,730,946 |
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Managed Services |
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| 40,763,415 |
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| 37,607,151 |
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| $ | 94,103,365 |
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| $ | 87,338,097 |
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The Company recognized revenues for the following customer types as set forth below:
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| YEARS ENDED |
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| DECEMBER 31, |
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| 2022 |
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| 2021 |
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U.S. Federal Government |
| $ | 74,416,288 |
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| $ | 73,130,465 |
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U.S. State and Local Governments |
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| 411,511 |
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| 240,473 |
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Foreign Governments |
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| 146,538 |
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| 69,718 |
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Commercial Enterprises |
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| 19,129,028 |
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| 13,897,441 |
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| $ | 94,103,365 |
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| $ | 87,338,097 |
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The Company recognized revenues from customers in the following geographic regions:
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| YEARS ENDED |
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| DECEMBER 31, |
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| 2022 |
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| 2021 |
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North America |
| $ | 90,786,554 |
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| $ | 83,016,107 |
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Europe |
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| 3,316,811 |
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| 4,321,990 |
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| $ | 94,103,365 |
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| $ | 87,338,097 |
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Historical Timeline
| Fiscal Year | Filed | |
|---|---|---|
| 2022 | Mar 31, 2023 | Showing above |
| 2021 | Mar 28, 2022 | |
| 2020 | Mar 23, 2021 | |
| 2019 | Mar 24, 2020 | |
| 2018 | Mar 22, 2019 | |
| 2017 | Mar 21, 2018 | |
| 2016 | Mar 30, 2017 | |
| 2015 | Mar 15, 2016 | |
About Revenue Disclosures
Revenue disclosures under ASC 606 explain how a company identifies performance obligations, allocates transaction prices, and determines when revenue is recognized. This section is essential for understanding whether reported revenue reflects genuine economic activity or aggressive accounting choices. Analysts examine the mix of point-in-time versus over-time recognition, which directly affects revenue timing and comparability.
Key signals: rising contract liabilities (deferred revenue) suggest strong future revenue visibility, while declining contract assets may indicate slowing project milestones. Watch for variable consideration estimates — rebates, returns, and performance bonuses that require management judgment. Significant changes in disaggregated revenue by geography or product line can reveal shifting business mix before it appears in headline numbers. Compare revenue growth against contract liability growth to assess sustainability, and scrutinize any changes in the timing of recognition that coincide with earnings pressure.