High Wire Networks Inc. Financials

HWNI

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Key Financial Metrics

Revenue

$8.4M

YoY+21.3%

5Y CAGR-20.0%

10Y CAGR+40.8%

High Wire Networks Inc. generated $8.4M in revenue in fiscal year 2024. This represents an increase of 21.3% from the prior year.

EBITDA

-$8.4M

YoY+24.7%

High Wire Networks Inc.'s EBITDA was -$8.4M in fiscal year 2024, measuring earnings before interest, taxes, depreciation, and amortization. This represents an increase of 24.7% from the prior year.

Free Cash Flow

-$6.1M

YoY+22.8%

High Wire Networks Inc. generated -$6.1M in free cash flow in fiscal year 2024, representing cash available after capital expenditures. This represents an increase of 22.8% from the prior year.

Net Income

-$385K

YoY+97.3%

High Wire Networks Inc. reported -$385K in net income in fiscal year 2024. This represents an increase of 97.3% from the prior year.

EPS (Diluted)

$-0.40

YoY+97.5%

High Wire Networks Inc. earned $-0.40 per diluted share in fiscal year 2024. This represents an increase of 97.5% from the prior year.

Cash & Debt

$221K

YoY-33.8%

5Y CAGR-15.2%

10Y CAGR-13.4%

High Wire Networks Inc. held $221K in cash against $0 in long-term debt as of fiscal year 2024.

Dividends Per Share

N/A

Shares Outstanding

970,319

YoY+1.1%

5Y CAGR+38.0%

10Y CAGR-34.7%

High Wire Networks Inc. had 970,319 shares outstanding in fiscal year 2024. This represents an increase of 1.1% from the prior year.

Gross Margin

30.1%

YoY-4.8pp

5Y CAGR+17.2pp

10Y CAGR-69.9pp

High Wire Networks Inc.'s gross margin was 30.1% in fiscal year 2024, indicating the percentage of revenue retained after direct costs. This is down 4.8 percentage points from the prior year.

Operating Margin

-102.1%

YoY+71.0pp

5Y CAGR-88.4pp

10Y CAGR+369.0pp

High Wire Networks Inc.'s operating margin was -102.1% in fiscal year 2024, reflecting core business profitability. This is up 71.0 percentage points from the prior year.

Net Margin

-4.6%

YoY+205.2pp

5Y CAGR+18.3pp

10Y CAGR+465.5pp

High Wire Networks Inc.'s net profit margin was -4.6% in fiscal year 2024, showing the share of revenue converted to profit. This is up 205.2 percentage points from the prior year.

Return on Equity

N/A

R&D Spending

N/A

Share Buybacks

N/A

Capital Expenditures

$14K

YoY-30.1%

5Y CAGR+12.5%

10Y CAGR-11.7%

High Wire Networks Inc. invested $14K in capital expenditures in fiscal year 2024, funding long-term assets and infrastructure. This represents a decrease of 30.1% from the prior year.

HWNI Income Statement

Metric	FY24	FY24	FY23	FY22	FY21	FY20
Revenue	$8.4M+21.3%	$6.9M-74.2%	$26.8M-1.6%	$27.2M+174.6%	$9.9M-61.1%	$25.5M
Cost of Revenue	$5.9M+30.3%	$4.5M-76.8%	$19.3M+1.7%	$19.0M+283.8%	$5.0M-77.7%	$22.2M
Gross Profit	$2.5M+4.6%	$2.4M-67.5%	$7.4M-9.2%	$8.2M+65.4%	$5.0M+50.0%	$3.3M
R&D Expenses	N/A	N/A	N/A	N/A	N/A	N/A
SG&A Expenses	$4.5M-20.8%	$5.6M+0.3%	$5.6M+26.2%	$4.5M+200.6%	$1.5M-53.2%	$3.2M
Operating Income	-$8.6M+28.4%	-$12.0M+8.8%	-$13.1M-256.6%	-$3.7M-154.8%	-$1.4M+58.7%	-$3.5M
Interest Expense	$1.2M-52.7%	$2.5M+83.0%	$1.3M+21675.3%	$6K-99.4%	$1.1M-37.5%	$1.7M
Income Tax	N/A	N/A	N/A	N/A	$2K-99.1%	$204K
Net Income	-$385K+97.3%	-$14.5M+23.9%	-$19.0M-39.2%	-$13.7M-1873.4%	-$693K+88.1%	-$5.8M
EPS (Diluted)	$-0.40+97.5%	$-15.97-5603.6%	$-0.28+72.0%	$-1.00	N/A	N/A

Metric	Q3'25	Q2'25	Q1'25	Q3'25	Q3'24	Q2'25	Q1'25	Q4'24
Revenue	N/A	$2.3M+3.9%	$2.2M	N/A	$2.1M+5.9%	$1.9M-6.0%	$2.1M	N/A
Cost of Revenue	N/A	$1.6M+13.8%	$1.4M	N/A	$1.4M+19.8%	$1.1M+2.2%	$1.1M	N/A
Gross Profit	N/A	$652K-14.4%	$762K	N/A	$679K-14.2%	$791K-15.8%	$939K	N/A
R&D Expenses	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
SG&A Expenses	$11K-98.9%	$985K+11.9%	$880K	N/A	$82K-94.7%	$1.5M+59.7%	$958K	N/A
Operating Income	-$19K+98.7%	-$1.4M-5.1%	-$1.3M	N/A	-$345K+88.5%	-$3.0M-96.7%	-$1.5M	N/A
Interest Expense	$306K-27.5%	$421K+162.5%	$161K	N/A	$50K-93.3%	$744K+206.1%	$243K	N/A
Income Tax	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Net Income	-$880K+53.7%	-$1.9M+25.7%	-$2.6M	N/A	-$1.7M-140.8%	$4.1M+1089.0%	-$414K	N/A
EPS (Diluted)	$-0.79+56.8%	$-1.83+30.2%	$-2.62	N/A	$-1.73-145.9%	$3.77+976.7%	$-0.43	N/A

HWNI Balance Sheet

Metric	FY24	FY24	FY23	FY22	FY21	FY20
Total Assets	$5.8M-46.6%	$10.8M-66.8%	$32.6M-29.1%	$46.0M+500.1%	$7.7M-37.1%	$12.2M
Current Assets	$1.3M-54.0%	$2.7M-74.3%	$10.7M-3.6%	$11.1M+277.2%	$2.9M-53.4%	$6.3M
Cash & Equivalents	$221K-33.8%	$333K-48.6%	$649K+27.7%	$508K+175.3%	$185K-63.4%	$504K
Inventory	N/A	N/A	N/A	N/A	N/A	N/A
Accounts Receivable	$830K+23.8%	$670K-82.9%	$3.9M-50.7%	$8.0M+653.8%	$1.1M-72.6%	$3.9M
Goodwill	$606K-80.9%	$3.2M-60.6%	$8.0M-63.0%	$21.7M+1152.3%	$1.7M+423.0%	$331K
Total Liabilities	$7.6M-43.8%	$13.6M-69.4%	$44.3M-8.4%	$48.4M+878.6%	$4.9M-33.3%	$7.4M
Current Liabilities	$7.5M-40.8%	$12.7M-41.3%	$21.6M-32.3%	$31.9M+1217.4%	$2.4M-85.0%	$16.1M
Long-Term Debt	N/A	N/A	N/A	$191K-94.5%	$3.5M-9.0%	$3.8M
Total Equity	-$1.8M+32.7%	-$2.7M+76.5%	-$11.7M-379.7%	-$2.4M-190.1%	$2.7M-42.9%	$4.8M
Retained Earnings	-$46.9M-0.8%	-$46.5M-45.2%	-$32.1M	N/A	-$48.2M-58.1%	-$30.5M

Metric	Q3'25	Q2'25	Q1'25	Q3'25	Q3'24	Q2'25	Q1'25	Q4'24
Total Assets	$1.2M-77.5%	$5.5M-3.9%	$5.7M-1.8%	$5.8M+2935.6%	$191K-96.7%	$5.8M0.0%	$5.8M-46.6%	$10.8M
Current Assets	$15K-98.9%	$1.4M-0.9%	$1.4M+8.6%	$1.3M-33.5%	$1.9M-67.1%	$5.8M+14.1%	$5.1M+84.3%	$2.7M
Cash & Equivalents	N/A	N/A	N/A	$221K+57.0%	$141K-96.6%	$4.2M+1487.6%	$264K-20.9%	$333K
Inventory	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Accounts Receivable	N/A	$1.1M+12.5%	$975K+17.4%	$830K-39.5%	$1.4M-0.1%	$1.4M-69.3%	$4.5M+568.7%	$670K
Goodwill	N/A	$606K0.0%	$606K0.0%	$606K-66.6%	$1.8M0.0%	$1.8M-42.7%	$3.2M0.0%	$3.2M
Total Liabilities	$7.4M-31.2%	$10.8M+14.6%	$9.4M+23.0%	$7.6M+4773.9%	-$163K-104.1%	$4.0M-54.2%	$8.8M-35.5%	$13.6M
Current Liabilities	$7.4M-31.0%	$10.7M+15.5%	$9.3M+23.9%	$7.5M+5.5%	$7.1M-26.1%	$9.6M-39.0%	$15.8M+24.4%	$12.7M
Long-Term Debt	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Total Equity	-$6.2M-16.4%	-$5.3M-43.0%	-$3.7M-100.5%	-$1.8M-622.4%	$354K-80.1%	$1.8M+159.9%	-$3.0M-8.1%	-$2.7M
Retained Earnings	-$52.3M-1.7%	-$51.4M-3.8%	-$49.5M-5.4%	-$46.9M-5.4%	-$44.5M-3.9%	-$42.9M+8.7%	-$47.0M-0.9%	-$46.5M

HWNI Cash Flow Statement

Metric	FY24	FY24	FY23	FY22	FY21	FY20
Operating Cash Flow	-$6.1M+22.8%	-$7.9M-274.9%	-$2.1M+49.7%	-$4.2M-689.9%	-$533K+76.6%	-$2.3M
Capital Expenditures	$14K-30.1%	$20K-95.1%	$405K+333.5%	$93K-19.1%	$115K+1386.3%	$8K
Free Cash Flow	-$6.1M+22.8%	-$8.0M-215.5%	-$2.5M+41.4%	-$4.3M-563.7%	-$648K+71.6%	-$2.3M
Investing Cash Flow	$9.8M+5040.2%	$190K+170.3%	$70K+111.8%	-$593K-414.5%	-$115K+88.6%	-$1.0M
Financing Cash Flow	-$3.8M-150.5%	$7.4M+230.2%	$2.2M-56.1%	$5.1M+1459.0%	$329K-89.3%	$3.1M
Dividends Paid	N/A	N/A	N/A	N/A	N/A	N/A
Share Buybacks	N/A	N/A	N/A	N/A	N/A	N/A

Metric	Q3'25	Q2'25	Q1'25	Q3'25	Q3'24	Q2'25	Q1'25	Q4'24
Operating Cash Flow	N/A	N/A	-$1.2M	N/A	N/A	N/A	-$1.6M	N/A
Capital Expenditures	N/A	N/A	N/A	N/A	N/A	N/A	$14K	N/A
Free Cash Flow	N/A	N/A	N/A	N/A	N/A	N/A	-$1.6M	N/A
Investing Cash Flow	N/A	N/A	N/A	N/A	N/A	N/A	-$14K	N/A
Financing Cash Flow	N/A	N/A	$1.2M	N/A	N/A	N/A	$1.5M	N/A
Dividends Paid	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Share Buybacks	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A

HWNI Financial Ratios

Metric	FY24	FY24	FY23	FY22	FY21	FY20
Gross Margin	30.1%-4.8pp	35.0%+7.2pp	27.8%-2.3pp	30.1%-19.9pp	50.0%+37.0pp	13.0%
Operating Margin	-102.1%+71.0pp	-173.0%-124.1pp	-48.9%-35.4pp	-13.5%+1.0pp	-14.5%-0.9pp	-13.7%
Net Margin	-4.6%+205.2pp	-209.8%-138.6pp	-71.1%-20.8pp	-50.3%-43.3pp	-7.0%+15.9pp	-22.9%
Return on Equity	N/A	N/A	N/A	N/A	N/A	N/A
Return on Assets	-6.7%+127.1pp	-133.7%-75.3pp	-58.4%-28.6pp	-29.8%-20.7pp	-9.0%+38.9pp	-47.9%
Current Ratio	0.17-0.0	0.22-0.3	0.49+0.1	0.35-0.9	1.21+0.8	0.39
Debt-to-Equity	-4.13+0.8	-4.94-1.2	-3.78-3.7	-0.08-1.4	1.27+0.5	0.80
FCF Margin	-73.3%+41.9pp	-115.1%-105.7pp	-9.4%+6.4pp	-15.8%-9.3pp	-6.5%+2.4pp	-8.9%

Metric	Q3'25	Q2'25	Q1'25	Q3'25	Q3'24	Q2'25	Q1'25	Q4'24
Gross Margin	N/A	28.9%-6.2pp	35.1%	N/A	33.1%-7.8pp	40.8%-4.7pp	45.6%	N/A
Operating Margin	N/A	-61.6%-0.7pp	-60.9%	N/A	-16.8%+138.2pp	-155.0%-80.9pp	-74.1%	N/A
Net Margin	N/A	-84.2%+33.5pp	-117.7%	N/A	-81.4%-293.0pp	211.5%+231.7pp	-20.1%	N/A
Return on Equity	N/A	N/A	N/A	N/A	N/A	230.3%	N/A	N/A
Return on Assets	-71.6%-36.9pp	-34.8%+10.2pp	-45.0%	N/A	-876.3%-947.1pp	70.8%+78.0pp	-7.2%	N/A
Current Ratio	0.00-0.1	0.13-0.0	0.15-0.0	0.17-0.1	0.27-0.3	0.60+0.3	0.32+0.1	0.22
Debt-to-Equity	-1.20+0.8	-2.03+0.5	-2.53+1.6	-4.13-3.7	-0.46-2.7	2.25+5.2	-2.95+2.0	-4.94
FCF Margin	N/A	N/A	N/A	N/A	N/A	N/A	-76.7%	N/A

Frequently Asked Questions

What is High Wire Networks Inc.'s annual revenue?

High Wire Networks Inc. (HWNI) reported $8.4M in revenue for fiscal year 2024.

How fast is High Wire Networks Inc.'s revenue growing?

High Wire Networks Inc. (HWNI) revenue grew by 21.3% year-over-year, from $6.9M to $8.4M in fiscal year 2024.

Is High Wire Networks Inc. profitable?

No, High Wire Networks Inc. (HWNI) reported a net income of -$385K in fiscal year 2024, with a net profit margin of -4.6%.

What is High Wire Networks Inc.'s earnings per share (EPS)?

High Wire Networks Inc. (HWNI) reported diluted earnings per share of $-0.40 for fiscal year 2024.

What is High Wire Networks Inc.'s EBITDA?

High Wire Networks Inc. (HWNI) had EBITDA of -$8.4M in fiscal year 2024, measuring earnings before interest, taxes, depreciation, and amortization.

What is High Wire Networks Inc.'s gross margin?

High Wire Networks Inc. (HWNI) had a gross margin of 30.1% in fiscal year 2024, indicating the percentage of revenue retained after direct costs of goods sold.

What is High Wire Networks Inc.'s operating margin?

High Wire Networks Inc. (HWNI) had an operating margin of -102.1% in fiscal year 2024, reflecting the profitability of core business operations before interest and taxes.

What is High Wire Networks Inc.'s net profit margin?

High Wire Networks Inc. (HWNI) had a net profit margin of -4.6% in fiscal year 2024, representing the share of revenue converted into profit after all expenses.

What is High Wire Networks Inc.'s free cash flow?

High Wire Networks Inc. (HWNI) generated -$6.1M in free cash flow during fiscal year 2024, representing cash available after capital expenditures.

What is High Wire Networks Inc.'s operating cash flow?

High Wire Networks Inc. (HWNI) generated -$6.1M in operating cash flow during fiscal year 2024, representing cash generated from core business activities.

What are High Wire Networks Inc.'s total assets?

High Wire Networks Inc. (HWNI) had $5.8M in total assets as of fiscal year 2024, including both current and long-term assets.

What are High Wire Networks Inc.'s capital expenditures?

High Wire Networks Inc. (HWNI) invested $14K in capital expenditures during fiscal year 2024, funding long-term assets and infrastructure.

How many shares does High Wire Networks Inc. have outstanding?

High Wire Networks Inc. (HWNI) had 970,319 shares outstanding as of fiscal year 2024.

What is High Wire Networks Inc.'s current ratio?

High Wire Networks Inc. (HWNI) had a current ratio of 0.17 as of fiscal year 2024, which is below 1.0, which may suggest potential liquidity concerns.

What is High Wire Networks Inc.'s debt-to-equity ratio?

High Wire Networks Inc. (HWNI) had a debt-to-equity ratio of -4.13 as of fiscal year 2024, measuring the company's financial leverage by comparing total debt to shareholder equity.

What is High Wire Networks Inc.'s return on assets (ROA)?

High Wire Networks Inc. (HWNI) had a return on assets of -6.7% for fiscal year 2024, measuring how efficiently the company uses its assets to generate profit.