Good afternoon, ladies and gentlemen, and thank you for your patience. Your conference will begin shortly. Once again, thank you for your patience. Your conference will begin shortly. Good afternoon. Welcome to WidePoint's Second Quarter 2025 Earnings Conference Call. My name is Matthew, and I'll be your operator for today's call. Joining us for today's presentation are WidePoint's President and CEO, Jin Kang, Chief Revenue Officer, Jason Holloway, and Chief Financial Officer, Robert George. Following their remarks, we will open the call for questions from WidePoint's publishing analysts. If your questions were not taken today and you'd like additional information, please contact WidePoint's investor relations team at wyy@gateway-grp.com. Before we begin the call, I would like to provide WidePoint's Safe Harbor statement that includes cautions regarding forward-looking statements made during this call. The matters discussed in this conference call may include forward-looking statements regarding future events and future performance of WidePoint Corporation that involve risks and uncertainties that could cause actual results to differ materially from those anticipated. These risks and uncertainties are described in the company's Form 10-Q filed with the Securities and Exchange Commission. Finally, I'd like to remind everyone that this call will be made available for replay via a link in the investor relations section of the company's website at www.widepoint.com. Now I'd like to turn the call over to WidePoint's President and CEO, Mr. Jin Kang. Sir, please proceed. Thank you, Operator, and good afternoon, everyone. We appreciate you joining us today to review WidePoint's financial and operational results for the second quarter ended June 30, 2025. This past quarter was a continuation of the deliberate steps we have been taking to position WidePoint for long-term sustainable growth. Among the most compelling opportunities on the horizon is the upcoming recompete of the Department of Homeland Security's CWMS 3.0 contract. In June, the draft request for a proposal, or RFP, was released, and we have since responded to DHS and provided the requested information. We were pleased to find that the RFP requirements align closely with our ongoing work with DHS. As a two-time incumbent, our strong past performance underscores the alignment between the scope of work outlined by DHS and our current service portfolio and capabilities, including our enhanced IT-as-a-service solutions. The new statement of work plays directly on our core strengths. It requires FedRAMP-authorized status, a box we proudly check with our FedRAMP-authorized Intelligent Technology Management System, or ITMS. ITMS is already the system of record and operational hub for DHS. We believe that this is a powerful validation of the trust DHS places in WidePoint and the critical role our technology plays in supporting their mission and operations. There are several other key requirements that position WidePoint well ahead of other firms competing alongside us. The contract mandates small business status, a criterion we meet. In addition, we bring a robust track record of past performance, active ATO, or authorization to operate with DHS, and the necessary facility security clearance, all of which positions us well ahead of many competing firms. The government has also indicated that this will be a best value award, meaning technical solution, past performance, and reliability will matter more than cost. Given that we are a two-time incumbent with a proven history of delivering high-quality, mission-aligned solutions to DHS, that is an encouraging sign for us and plays directly to our strengths. We have adopted a comprehensive, all-hands-on-deck approach to our pursuit strategy. Internally, we are holding weekly strategy meetings to coordinate efforts across teams to maintain alignment and momentum. Externally, we're actively evaluating additional investment and support staff, including the hiring of specialized consultants to ensure we present an even more compelling and polished proposal. To further reinforce our readiness, we have set up a full PMO model, complete with backup contingency resources to ensure seamless, uninterrupted support for DHS from day one. The substantial increase in the contract ceiling, which stands at $3 billion, up from the original $500 million ceiling under the CWMS 2.0, is a strong signal of DHS's growing demand for our solutions and presents a significant opportunity for WidePoint. Notably, we already have been awarded task orders that extend through November 2026 under the current CWMS 2.0, giving us continuity, stability, and forward momentum during this recompete and contract transition period. The federal government typically prefers contracts to overlap to ensure uninterrupted service delivery. As the existing CWMS 2.0 task order begins to expire, we anticipate new task orders will be issued under the CWMS 3.0 contract to minimize the risk of service gaps. This leads us to believe that the final RFQ could be released very soon. While the final requirements may still shift, the initial target for the RFP release was the end of July, so we do anticipate it could be issued at any time now. The government anticipated awarding the contract by the end of September 2025. However, considering the typical procurement timelines and potential for external factors, we recognize that the actual award may realistically occur closer to the end of this year. We have committed significant time, resources, and strategic focus towards CWMS 3.0 to ensure WidePoint is well positioned to secure this contract for the third consecutive time. We believe our investments will deliver a strong return and serve as a catalyst for future growth. Our confidence in this opportunity remains high, and we continue to view CWMS 3.0 as a critical pillar in WidePoint's long-term growth strategy. Turning to Spiral 4, we are seeing encouraging momentum as new task orders begin to flow in following the expiration of Spiral 3. I am pleased to share that WidePoint has secured four task orders to date, with several more in development and multiple responses submitted to active requests for quotes or RFQs. We are confident additional Spiral 4 task orders will continue to be awarded to WidePoint on an ongoing opportunistic basis. While we are competing against some of the largest players in the industry, WidePoint stands out with our ability to deliver multi-carrier solutions, offering flexibility and value that no other member within the contract vehicle can match. We also plan on pushing for expansion of optional services under Spiral 4, particularly around lifecycle management services to deliver greater value to clients and create new pathways for growth and future deal flow. Overall, activity under Spiral 4 continues to trend positively, and we remain focused on capturing additional opportunities as they arise. Jason will be sharing more about the opportunities within our Device-as-a-Service program, or DaaS, but I'd like to provide a brief update on where things stand. Our DaaS pipeline remains strong, and while the timing of some key opportunities has shifted to later than we initially anticipated, we remain encouraged by the growing interest and engagement in the program. The investment that we have made throughout the year in the infrastructure for DaaS to support and scale is a clear reflection of our strong belief in its potential to drive meaningful return and long-term results. While these investments haven't yet translated into results in the first half of the year, they have laid a strong foundation for long-term growth. We had expected several deals to begin closing by the end of Q1 and into Q2, but these timelines have extended. That said, we did secure our first DaaS contract with a federal health research agency, delivered in close collaboration with our strategic Fortune 500 partner. We're confident that this initial win is just the beginning. The momentum is real, the conversations are active, and we're confident that the second half of 2025 and into 2026 will begin to reflect the progress and groundwork we have laid. We are also making meaningful progress in building and expanding our strategic partnerships, an important pillar of WidePoint's long-term growth strategy. We are continuing to invest the necessary time, energy, resources, and mindshare into cultivating these relationships. We firmly believe this strategy will yield tangible results and long-term return on investments. While some near-term opportunities, similar to what we have experienced with DaaS, have experienced delays, we view our partnership strategy as a foundational investment. These relationships are not just about immediate wins, but about unlocking access to new markets, expanding our solution offerings, and creating joint go-to-market pathways that can scale over time. In many ways, we're laying the groundwork today for the next phase of WidePoint's evolution. WidePoint brings to the table a robust portfolio of secure, high-performance solutions that have been battle-tested by some of the most demanding government customers. Our track record speaks for itself. When combined with the strength of our existing partners and the credibility we have earned, the decision to expand and deepen our partner ecosystem is a strategic imperative, not just a growth tactic but a growth multiplier. We're confident that this continued investment will expand our reach, open up new revenue streams, and ultimately position WidePoint for sustained success well into the future. Regarding our recent FedRAMP-authorized status, this significant achievement underscores WidePoint's commitment to delivering highly secure and compliant cloud services for government agencies, demonstrating our adherence to the most rigorous security standards and solidifying our position as a trusted provider in the federal space. FedRAMP-authorized status translates into a very powerful competitive advantage, opening doors to nationwide government contracts and fostering confidence in our ability to securely manage sensitive data and mobile solutions. It positions WidePoint as the leader in secure, compliant technology solutions, boosting our reputation and market reach in the public sector. Now, to provide a quick update on the Census 2030 opportunity, we are starting to see early activity with the requests for information, or RFI, expected soon. The timeline looks similar to the 2020 cycle, and we anticipate a comparable scope of work, this time with a smoother path forward, free from the unique challenges of the pandemic period. Despite those challenges in 2020, we delivered flawlessly with zero devices compromised, which speaks to our reliability and ability to support mission-critical efforts at scale under any conditions. We expect to support and manage roughly 700,000 devices in secure mobility and lifecycle management. Of course, the investment we are making in Device-as-a-Service now will play a critical role in supporting this effort. Additionally, last Thursday, President Trump called for a new census that would be used for congressional appointments. He also stated that he has already directed the Department of Commerce to begin work on this effort. While it remains early, should this effort gain traction and move forward, the Census Bureau may look to rely on established vendors such as WidePoint and CDW to support the process. The situation still remains fluid, and we will continue to monitor developments closely and provide updates as the situation evolves or as meaningful milestones are reached. Turning to macro factors, tariffs and rising labor costs have impacted many businesses. We have been able to mitigate any major effects through a combination of automation, streamlining processes, rate adjustment proposals with customers, alternative sourcing for equipment, and other optimization strategies. Federal government downsizing, layoffs, and DOGE initiatives have not had a material impact on WidePoint, though potential downstream effects remain a consideration. However, we also believe DHS may receive expanded responsibility related to border security, which could potentially create tailwinds for us. Before I hand the call over to Jason, I'd like to take a moment to address our outlook regarding our previously disclosed guidance. While achieving positive EPS in 2025 was one of our initial goals, some of the promising opportunities we have previously outlined, particularly within our Device-as-a-Service program, have shifted in timing and have impacted our first-half results. That said, the opportunities in our pipeline remain intact and substantive. They have merely been deferred slightly in timing, and we continue to view them as highly achievable. In light of this timing shift, while we still expect to meet our revenue guidance, we anticipate that both our EBITDA and free cash flow guidance will ultimately need to be adjusted. We are deferring any formal adjustment until next quarter, as several of these opportunities in the pipeline still hold potential to materialize in the second half of 2025. We believe it is prudent to allow them sufficient time to develop so we can provide our shareholders with the most accurate and informed outlook for 2025. Importantly, we fully expect EBITDA and free cash flow to remain positive for the remainder of the year, and we remain confident in the underlying strength of our business. We have made a deliberate decision to continue investing in high-impact initiatives, including CWMS 3.0 preparation, DaaS infrastructure, strategic facility lease in Columbus, and into our strategic partnership strategy, all of which are fundamental to unlocking these future opportunities. These investments reflect our focus on building long-term value and positioning WidePoint for sustainable, profitable growth. Rather than focusing narrowly on achieving a modest EPS gain this year, we believe that reinvesting in the business is the more strategic, forward-looking approach. While we are naturally eager to see these opportunities come to fruition, we remain confident that the momentum will pick up in the second half of this year and into 2026, and that we're laying the groundwork for long-term success. We remain optimistic in the future outlook for WidePoint and firmly believe that deliberate strategic steps we are taking now will result in valuable growth and return for our shareholders. I will now turn the call over to Jason to walk you through our sales pipeline and upcoming opportunities. Jason. Thanks, Jin, and good afternoon, everyone. As Jin explained, while the DaaS opportunities in the pipeline have shifted slightly to the right, we are still encouraged with the increase in activity and progress. The pipeline of DaaS is composed of 90% large commercial opportunities, which align directly with our broader goal of expanding beyond our traditional government work. It represents a meaningful step forward in diversifying our revenue stream and deepening our presence in the commercial sector. We're currently engaged in discussions with notable firms across healthcare, financial services, and public IT sectors, among others, all of which manage large fleets of devices, which is the exact type of environment where our DaaS offerings deliver the most value. DaaS contracts offer higher margin, managed services revenue stream, precisely the kind of scalable business we've been aiming to grow. We wholeheartedly believe that once scaled, the DaaS program has the potential to rival and even surpass some of our largest current managed services work. The investments we've made and continue to make are not just about supporting today's pipeline, they are about positioning WidePoint for long-term success. We see this as the foundation for successful growth, improved margins, and meaningful progress towards our goal of delivering double-digit percentage growth of our annual revenue. This early phase of DaaS is laying the groundwork for what we believe will be a major contributor to WidePoint's future success, particularly in the commercial space and to our overall bottom line in the long run. Onto our partnership strategy, we are continuing to put time and effort towards not only cultivating new relationships but deepening and expanding existing ones. We are actively building on the strong foundations we've established with our current partners, growing both the scope of work and the strategic alignment of these collaborations. Some of these partners include our longstanding partnership with CDW, Leidos, Interseed, Hyperion, just to name a select few. For example, our strategic alignment with CDW's DaaS program presents significant and apparent synergies. Given the strong strategic fit between our respective approaches, we see clear potential for joint initiatives in the long term, especially as we look ahead to large-scale opportunities like the Census 2030 and potential DaaS opportunities. Not just with CDW, but the example above represents our overall strategy with each of our longstanding partners to ensure that we are collaborating most effectively. WidePoint has positioned itself as a required partner in both the cybersecurity space as well as the managed mobility space. That said, I would like to extend my heartfelt congratulations to CDW on their current to recent achievement of being named the official technology solutions provider for the upcoming Los Angeles 2028 Olympic and Paralympic Games. This is an incredible recognition of CDW's leadership in the industry, and particularly of the strength and reliability of their DaaS program and other comprehensive software solutions they offer. Where operational efficiency and technological reliability are critical in such a large-scale environment, CDW's DaaS platform will serve as a vital enabler to streamline device deployment, support, and lifecycle management. Congratulations again to CDW on this well-deserved honor, and we all look forward to seeing their solutions in action on the world stage. Our continued progress in the smart city initiatives has also expanded in scope with the recent announcement of our partnership with BroadSat. WidePoint is not only working on new opportunities in Texas, but with BroadSat, we've now added Tennessee to the list. As you may have seen this past Monday, we proudly announced a new Identity & Access Management contract in support of the U.S. Department of Education. This is especially meaningful as the K-12 sector has long been an area we aim to support, making this engagement a promising milestone for potential future activity. We are also actively collaborating with a major U.S. telecommunication carrier on a new strategic opportunity that could involve upwards of $2 million- $2.5 million in devices that will require our command center proprietary platform, ITMS or Intelligent Technology Management System. On the MobileA nchor front, I am pleased to share that a few weeks ago, we secured a new contract award from an agency under the U.S. Department of Energy. This award is a meaningful milestone that not only validates the growing demand for our solution within the federal space but also underscores the increasing traction MobileA nchor is gaining across our broader customer pipeline. We continue to see strong indicators of customer and market acceptance, an essential step forward scaling the commercialization of MobileA nchor. Encouragingly, interest is not limited to government customers. We see compelling commercial potential as well, particularly in emerging markets that require secure, reliable, and flexible mobile connectivity solutions. One exciting opportunity lies in the Smart City Initiative, where MobileA nchor is in a position to play a transformative role. We have taken strategic steps to advance the Smart City Initiative. Together with BroadSat, we aim to support smart cities and federal agencies by delivering a powerful dome of defense, providing end-to-end security connectivity, computing, and content distribution at the edge for all connected applications and devices. To build on this, MobileA nchor represents a significant opportunity to advance the smart city project. Its ability to provide endpoint management in the highest multi-factored secured environment positions MobileA nchor as an ideal solution for commercial partners aiming to modernize infrastructure without compromising cybersecurity or operational agility. Lastly, given our strong relationships with strategic insiders who have relationships with members of the current administration, countries that have positive standings with the United States have recently shown a strong interest in WidePoint 's MobileA nchor and our proprietary command center platform, Intelligent Technology Management System, or ITMS. We remain committed to executing on our robust pipeline and are excited to continue driving these initiatives forward. We are steadily building the foundation to further expand our robust pipeline. The opportunities ahead are both tangible and substantial, and we remain optimistic that momentum will begin to pick up throughout the second half of 2025 and into 2026, allowing our efforts to yield meaningful results. With that, I will now turn the call over to Bob to discuss our financial results. Bob? Thanks, Jason, and thanks to everyone for joining us today. I'm pleased to share the details of our financial results for the second quarter and the six months ended June 30th, 2025. Total revenue for the second quarter was $38 million, an improvement from $36 million in the same period last year. Total revenue for the six months ended June 30th, 2025 was $72.1 million, which was an improvement from $70.2 million in the same period last year. Further, we start the second half of the year with a strong federal backlog of $265 million at June 30th, 2025. Now I'll provide a further breakdown of our revenues. Our carrier services revenue for the quarter was $22.2 million, an increase of $1.8 million compared to the same period in 2024. Carrier services revenue for the six months ended June 30, 2025 was $44.6 million, an increase of $4.8 million from the same period last year. The increase was a result of the growth in the number of phone lines under management for our DHS customer. Our managed services fees for the quarter were $9.2 million, and billable services fees were $1.3 million, both of which are relatively consistent with the same period in 2024. Managed services fees for the six months ended June 30th, 2025 were $18.4 million, an increase of $600,000 compared to the same period last year. The increase was primarily due to a new federal end customer, which began in September of 2024, which is not reflected in the comparable first six months of 2024 results. Billable services fees for the six months ended June 30th, 2025 were $3.1 million, an increase of $600,000 compared to the same period last year, reflecting increased activity in this area. Reselling and other services in the second quarter were $5.1 million, a slight increase compared to the same period last year. Included in reselling and other services is approximately $300,000 of connectivity and device resales under our new Spiral 4 contract, where we expect to see future growth. Reselling and other services for the six months ended June 30th, 2025 were $6 million compared to $10.2 million in the same period last year. The decrease was primarily due to the out-of-period adjustment of $2.7 million recorded in the first quarter of 2025 and recognition of revenue for SaaS agreements over the period of performance compared to point-of-sale recognition. It is important to note that reselling and other services are transactional in nature, and the amount and timing of revenue varies from quarter to quarter. Gross profit for the second quarter increased to $5.1 million, or 14% of revenues, compared to $4.9 million, or 14% of revenues in the same period last year. The more meaningful metric of gross profit percentage excluding carrier services increased to 33% in the second quarter compared to 31% in the same period last year. Gross profits for the six months ended June 30th, 2025, increased by $300,000 to $9.9 million, or 14% of revenues, compared to $9.6 million, or 14% of revenues in the same period last year. Gross profit percentage excluding carrier services increased to 36% in the six months ended June 30th, 2025, compared to 31% in the same period last year. This is due to comparatively lower reselling revenues, which have a lower gross margin compared to the same period last year. Our gross profit percentage will vary from period to period based on our revenue mix. Sales and marketing expense in the second quarter was $700,000, or 2% of revenues, compared to $600,000, or 2% of revenues in the same period last year. Sales and marketing expense in the six months ended June 30th, 2025, was $1.3 million and 2% of revenues, compared to $1.2 million, or 2% of revenues in the same period last year. General administrative expenses in the second quarter were $4.9 million, or 13% of revenues, compared to $4.5 million, or 13% of revenues in the same period last year. The dollar increases during the second quarter primarily relate to general inflationary pressures, additional headcount, and associated costs related to building our DaaS offering, as well as bolstering our delivery capability for our DHS customer. These increases were partially offset by $200,000 less share-based compensation expense in the second quarter of 2025 compared to the same period in 2024. General administrative expenses in the six months ended June 30th, 2025, were $9.6 million, or 13% of revenues, compared to $9 million, or 13% of revenues in the same period last year. The dollar increase also relates primarily to general inflationary pressures, additional headcount, and associated costs related to building our DaaS offering, as well as bolstering our delivery capability for our DHS customer. These increases were partially offset by $419,000 less share-based compensation expense in the first half of 2025 compared to the same period in 2024. Net loss for the second quarter was $618,000, or a loss of $0.06 per share, compared to a net loss of $500,000, or a loss of $0.05 per share for the same period last year. Net loss for the six months ended June 30th, 2025 was $1.3 million, a loss of $0.14 per share, compared to a net loss of $1.2 million, or a loss of $0.13 per share for the same period last year. Adjusted EBITDA, a non-GAAP measure for the second quarter, was $183,000, and free cash flow for the quarter, which we define as adjusted EBITDA minus capital investments, was $90,000, representing our 32nd consecutive quarter of adjusted EBITDA and our seventh consecutive quarter of positive free cash flow. Adjusted EBITDA for the six months ended June 30th, 2025 was $276,000, and free cash flow for this period was $155,000. Moving to our CapEx, as Jin and Jason have noted, for the rest of the year, we do plan to increase capital investments to support our strategic priorities. This includes funding for our Device-as-a-Service program, which includes build-out of our new dedicated facility and associated infrastructure, investment towards the preparation for the upcoming CWMS 3.0 recompete, in addition to a phased technical refresh of portions of WidePoint's IT environment to strengthen our cybersecurity posture. For the year, we estimate CapEx will increase by approximately $300,000 from last year, which equates to approximately $450,000 for the entire year. Moving to the balance sheet, we ended the quarter with $6.8 million in unrestricted cash, reflecting a $3.1 million increase from $3.7 million last quarter. We also have additional liquidity options available with our revolving line of credit facility, which provides us with $4 million of potential borrowing capacity, which is subject to availability, although we do not anticipate having to rely on this facility. This completes my financial summary. For a more detailed analysis of our financial results, please refer to our Form 10-Q, which was filed prior to this call. Now I will turn the call over to Jin for his closing remarks. Thank you, Bob and Jason. In summary, in Q2 2025, we made strategic progress and maintained steady financial performance, even as some key contract timelines shifted. Our primary focus has been securing the $3 billion DHS CWMS 3.0 recompete, where we are leveraging our position as a two-time incumbent, our FedRAMP-authorized status, and our strong history of delivering results. We are also driving growth through the Spiral 4 contract, a strong Device-as-a-Service pipeline, particularly in the commercial sector, and by expanding our strategic partnerships with organizations like CDW and BroadSat. In addition, we're advancing MobileA nchor in both government and commercial markets and pursuing major opportunities such as the 2030 Decennial Census and Smart City Initiatives. Jason has emphasized our diversification into large commercial DaaS deals and deepening of partnerships. We remain committed on investing in high-impact initiatives that will drive long-term growth. That concludes our prepared remarks, and we will now take questions from our analysts and major shareholders. Operator, will you please open the call for questions? Certainly. Everyone at this time will be conducting a question and answer session. If you have any questions or comments, please press star one on your phone at this time. We do ask that while posing your question, please pick up your handset if you're listening on speakerphone to provide optimum sound quality. Once again, if you have any questions or comments, please press star one on your phone. Your first question is coming from Barry Sine from Litchfield Hills. Your line is live. Hey, good evening, gentlemen. First of all, congratulations on the visibility on the DHS contract. Obviously, that's the big kahuna for you guys. You mentioned that it's now a $3 billion. First question is, over what timeframe? I think there was some discussion it might go from a five-year to a 10-year. Has that happened? That's right, Barry. Sorry about that. You know, it's good to hear from you. The answer is yes. The CWMS 3.0 will go from a five-year contract to a 10-year contract, and it's going from $500 million to $3 billion. It's almost doubling the size, you know, annual run rate. I think that that's because there's going to be additional mission that DHS is going to have, especially securing the northern and the southern border. We see a lot more potential growth there for mobility and wireless cellular satellite technology. You called out the requirements for this contract, including FedRAMP. How do those requirements differ from five years ago? I assume FedRAMP was not a requirement then because you didn't have FedRAMP and you won the contract. Yes, you are correct. FedRAMP-authorized was not a requirement, but this time it is. They are also requiring only the primes to be able to submit their past performance experience, and they are specifically saying that this is a small business classification under that North American Industrial Code. We meet all of those requirements, and the statement of work matches our capabilities, and it's very close to our current service delivery and solution. It bodes really well. The other one that we didn't mention is that it is best value. I think I mentioned that in my prepared remarks. What that usually means is that the government is favoring whatever they say is best value versus lowest price technically acceptable. Those are the two options that they will go with. This time they are going with the best value, which tends to favor the incumbent. Okay, that's really good news. On Spiral 4, obviously, that's another major contract that you already have in the bag. For those of us keeping score at home, could you bring us up to date? How many orders have you gotten to date? How many dollars? What is the total size of that contract and how many other winners were there on that platform? Right. You know, the Navy Spiral 4 contract was awarded to six others, including WidePoint, so seven total. The awardees were mostly cell phone cellular carriers: Verizon, AT&T, T-Mobile, Hughes Networks, Metel, Republic Wireless, and WidePoint. Of course, the only non-carrier winner was us, WidePoint. That contract is a $2.6 billion top line. To date, we won four contracts, and the contract period of performance is 10 years. I think that there is also a five-year option period on it. The total contract value that we have won is approximately $26 million. Do you know the other six parties with the size of their contracts they've been awarded cumulatively on Spiral 4? We don't have that visibility. I believe we can go out to one of the contract award databases, and we can probably look that up for next time around. I will make that a task for us. Let me ask the question a little bit differently. You mentioned it's a $2.6 billion total program. My sense is you've only gotten $26 million, that they're still in the very, very early stages of doling out that $2.6 billion, even if we had the numbers for all seven. Yes, that is correct. They are early in the cycle, and we feel pretty good about our chances to win additional task orders. As I said before, we are the only vendor that can provide multi-carrier solutions. That includes all of the six vendors that are on there. I think that it gives us, you know, sort of a carrier-agnostic approach to providing the right coverage for the customer. I think we have a differentiator there. On DHS, I believe that's ITMS. You've talked about DaaS. I don't understand the difference. What I can discern is that DaaS seems to be that you retain the ownership of the devices and provide them as a service, and ITMS, the customer owns the devices. What's the difference between DaaS and ITMS? Yeah, the difference between DaaS and ITMS is that DaaS is a business model where we own the devices, and the customers are charged a fixed monthly fee for device, including data, voice, text, accessories, all of those things. ITMS is the platform that we use to support the DaaS program. All of those devices that we manage for our customers are included, is managed using the ITMS. ITMS is the platform that we use to manage all of those. In many cases, some of the DaaS programs that we manage, we don't actually own the device ourselves. Our strategic partner we had mentioned before, CDW, is one of them, and they would handle all of the device ownership and inventory, but they would use our ITMS to manage all of those, you know, those devices, including technical refresh, when the devices are going to be put out to pasture, what voice plans, what data plans they're on. ITMS is a full-service platform that we sell as software as a service. Traditionally, the customer has owned the device, whereas the distinction with DaaS is you will own the device and provide it to them as a service. Is that correct? Yeah, in some cases, rare cases that we will own the device, but it is our partner that will own the device, CDW. Okay. Talking about CDW, they're also your partner on the census. You talked about the early stages on the 2030 census, but as you referenced, on August 7th, President Trump ordered the Census Bureau to "immediately begin work," immediately, on an interim census. I don't know if you've gotten any communication. Have you spoken with your counterparts at CDW? Have they gotten any indication on this new, you know, mid-decade census? We have not. That information hasn't trickled down to us yet. There are some talks about doing different approaches to this. One is actually going out and doing a mid-decennial census. There are also talks about using the existing data, which I think is problematic because I think they couldn't collect any of the citizenship information during the 2020 decennial census. The jury is still out, and the information has not trickled down to us yet. Hypothetically, after this call, you check your voicemail and CDW says, "Okay, Jin, we got the green light to do a 2025 census." How fast could WidePoint get devices out in the field into the hands of census takers? We could do that probably within, you know, a week or two weeks, depending on how fast the carriers can provide all of these devices. That would be a function of how fast the carriers can provide those devices, as well as, you know, our partner, CDW in this case, would need to also, you know, put all of those devices, stage them, do the logistics. What we would do is we would track all of that. They would use our software to track all of those devices. From your perspective, it is possible to do something relatively soon, let's say within the next 12 months. Yes, I feel that. Yeah, we definitely can scale up and get everything ready, and we would probably do a lot of the logistics piece of it as well. I think the long pole in the tent is going to be the carriers being able to provision those devices and, you know, actually conducting the census because they would have to go door to door again. I think the first thing that has to happen, I believe, usually what happens is that the census is sent out to every address, and those addresses that do not respond to a census, the people have to go door to door. Even so, I would imagine that we can spin up, I would say, within a, you know, two weeks, maybe a month's time to get all of these devices out there to the enumerators. All right, we'll keep our fingers crossed you get a 2025 and a 2030 census. Yeah, that would be great if that happened. Yeah, yeah. My last question is on backlog. Bob, I think you mentioned it was $265 million. If you could take that number apart for us, what was it in 1 Q? What was it a year ago? How much of that is scheduled to be received in the next 12 months? I think what I can do, Barry, I can get back to you on the historicals, but in terms of what the $265 million rolls out at, we've got about $47 million for the rest of the year, you know, in hand. We would have next year about $92 million from that. We'd have backlog at the end of next year, end of 2026, of like $125 million. A lot of that, when you look at the difference between what we've booked in backlog and what's going forward, we, of course, have our commercial businesses. The IT as a Service, the UCaaS business in Ireland, and we also have a lot of just task orders that we'll get for some of the identity & access management stuff, which doesn't translate to backlog. It's just an order. We actually have a deferred revenue for that. Barry, I'd like to add a little bit to that in that, you know, it's down from, I believe, like $300 million the last two quarters ago. The reason for that is that as we begin to work on these contracts, we've worked down the backlog. As we get closer to the end of these various task orders, we will get a renewal contract or option year period exercise that will fill that backlog back up again. As we get towards the end of the year, we should see more, you know, contract activity, and that should, you know, fill up the backlog again. Okay, that sounds great. Thanks for the clarification, Jin. Those are my questions. Thank you. Great, thank you, Barry. Thank you. Once again, everyone, if you have any questions or comments, please press star, then one on your phone. Your next question is coming from Scott Buck from H.C. Wainwright. Your line is live. Hi, good afternoon, guys. Thanks for taking my questions. Thank you, Scott. Jin, do you know what you guys have accumulated in revenue from CWMS 2.0? Trying to, you know, just kind of gauge what the potential opportunity is within that $3 billion number for a 3.0. I'll give you a quick data point in that. When we executed the modification for an additional $254 million, this would have been a couple of quarters ago. We had, essentially, the government had obligated all the half a billion dollars' worth, and they had to modify the contract ceiling by another $254 million. We're looking at expending all of that by the end of 2026, November. We may have a few million dollars left in the ceiling. I figure probably by the end of this year, we would probably spend the entire half a billion maybe, and then spend the rest of that $254 million by the end of next year. Okay, that's very helpful. Earlier in the call, you went through a number of potential opportunities for awards here in the second half in 2025 and the beginning of 2026. How should we think about gross margin expectations for, you know, potential new business that's out there versus, you know, what consolidated margins look like today? Yeah, if you subtract out all of the carrier services revenue, which is significant, excluding any of the carrier services revenue, we are at somewhere around 33% for the first six months of this year. We see that gradually improving as we continue to sign on DaaS deals and managed- services deals. Our goal is to get that to 50% by the end of next year. We're continuing to make that progress. It is just a matter now of us closing on more DaaS deals and more managed services deals. Some of the MobileA nchor, which is all software, has a margin north of 80%. We are looking at selling more of those MobileA nchor Device as a Service. Those have very high margins, M365 Analyzer. These are all software deals, and we should see our gross margin improve. As I said, our goal is to get that to 50%. Jason mentioned that we are working with a major wireless carrier, and that is an all-SaaS revenue. We should see a fairly healthy margin on that. I don't want to quote numbers here for that particular deal because they might be listening in. No, that's all very helpful and great to hear. Jason, last question I have, just the sales cycle on Mobile Anchor and the commercial side, how quickly can you kind of turn those deals around? You know, what does the near-term opportunity look like there? Oh, it looks great. First, it's good to hear from you, Scott. It looks really well. Any and everything that I'm talking about right now is definitely in the qualified stage. I don't ever want to put anything out there that is, you know, we're just scraping the surface on. As Bob alluded to in terms of the money that we're investing in growing MobileA nchor and making it even more technologically competitive, we're very close on being on the cusp of having something again that none of our competitors are going to have. I'm very, very excited but cautiously optimistic about us getting these deals over the finish line. We've made a lot of progress. There are federal agencies that have already signed up for MobileA nchor that we've gotten over the finish line, between HUD and OIG and other folks that we have previously reported on. As I stated on the call, there are a lot of commercial opportunities where when we talk about these DaaS opportunities, a lot of this cyber is going to be able to fold into it. Towards the end of my prepared remarks, I talked about international opportunities as well. The future's pretty bright. I'll just leave it at that. Great. That's all my questions, guys. I appreciate the added color and look forward to seeing what you can do here in the second half. Great. Thank you, Scott. Thank you. That concludes our Q&A session. I'll now hand the conference back to Mr. Jin Kang for closing remarks. Please go ahead. Thank you, Operator. We appreciate everyone taking the time to join us today. As the Operator mentioned, if there were any questions we did not address today, please contact our IR team. You can find their full contact information at the bottom of today's earnings release. Thank you again and have a great evening.