5 Best Debt-Free IT Stocks to Buy Now
Key takeaways
- Please visit 10 Best Debt-Free IT Stocks to Buy Now if you would like to see the extended list and the methodology behind it.
- Wide Point Corporation (NYSEAMERICAN:WYY) is one of the best debt-free IT stocks to buy now.
- Revenue in the quarter increased by $7.1 million to $40.6 million, while gross margin was 14%.
Please visit 10 Best Debt-Free IT Stocks to Buy Now if you would like to see the extended list and the methodology behind it.
Wide Point Corporation (NYSEAMERICAN:WYY) is one of the best debt-free IT stocks to buy now. On May 14, Wide Point Corporation (NYSEAMERICAN:WYY) delivered solid first-quarter results, driven by year-over-year revenue growth at the back of cost management efforts. The company also achieved positive earnings per share despite an extended period of uncertainty at DHS.
Revenue in the quarter increased by $7.1 million to $40.6 million, while gross margin was 14%. The company also bounced back to profitability, reporting net income of $77,000, or $0.01 a share, compared to a net loss of $724,000, or $0.08 a share, posted in the same quarter last year. Widepoint also achieved its 35th consecutive quarter of positive EBITDA of $752,000, representing a 714% year-over-year increase.