High Wire Networks Inc. Financials
High Wire Networks Inc. (HWNI) reported $8.4M in revenue for fiscal year 2024, down 69.0% from the prior fiscal year. This page shows its income statement, balance sheet, cash flow statement, and key financial ratios. View 15 years of annual fundamentals and quarterly data, with year-over-year growth rates and compound annual growth rates (CAGR). All figures are derived from SEC filings (10-K and 10-Q reports).
HWNI's dominant problem is operating cash consumption: a shrinking revenue base no longer covers overhead or near-term obligations.
FY2024's near-breakeven net result hid a weaker core business, with revenue down to$8.4M and the operating loss widening to more than100.0% of sales. That disconnect is even clearer versus FY2023 revenue of$27.0M ; free cash flow of-$6.1M tracked operating cash flow almost exactly, showing the drain came from running the business, not expanding it.
The balance sheet looks creditor-financed rather than equity-supported: equity remained negative in FY2024 and the current ratio fell to 0.2x from 0.5x in FY2022. Cash of
FY2024 gross profit was only
Financial Health Signals
High Wire Networks Inc. does not currently provide enough eligible data for a peer-relative financial health score, so none is published. The signals and metrics below are current.
High Wire Networks Inc. scores -15.80, below the 1.81 distress threshold. The score is driven primarily by a large market capitalization ($3.5M) relative to total liabilities ($7.6M). This indicates elevated financial distress risk and warrants close attention to liquidity and debt levels.
Distress-screening estimate for non-financial companies. Not computed for banks or insurers, where the Altman model does not apply.
High Wire Networks Inc. passes 1 of 8 computable financial strength tests (1 of the nine could not be computed from available data). 1 of 4 profitability signals pass, no leverage/liquidity signals pass (rising debt, declining liquidity, or share dilution), neither operating efficiency signal passes.
High Wire Networks Inc. reported a net loss of $385K while operations used $6.1M of cash. With neither figure positive, the ratio between the two carries no quality signal.
High Wire Networks Inc. reported an operating loss of $8.6M against $1.2M in interest expense. There is no operating profit to cover interest, so interest must be met from cash reserves or from financing rather than from operations.
Key Financial Metrics
Earnings & Revenue
High Wire Networks Inc. generated $8.4M in revenue in fiscal year 2024. This represents a decrease of 69.0% from the prior year.
High Wire Networks Inc.'s EBITDA was -$7.8M in fiscal year 2024, measuring earnings before interest, taxes, depreciation, and amortization. This represents an increase of 30.1% from the prior year.
High Wire Networks Inc. reported -$385K in net income in fiscal year 2024. This represents an increase of 97.3% from the prior year.
High Wire Networks Inc. earned -$0.40 per diluted share (EPS) in fiscal year 2024. This represents an increase of 97.5% from the prior year.
Cash & Balance Sheet
High Wire Networks Inc. recorded an outflow of $6.1M in free cash flow in fiscal year 2024, representing a cash shortfall after capex. This represents an increase of 22.8% from the prior year.
High Wire Networks Inc. held $221K in cash as of fiscal year 2024; long-term debt is not reported for that period.
Not reported for fiscal year 2024.
Margins & Returns
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 53.2 percentage points from the prior year.
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 49.1 percentage points from the prior year.
Not shown for fiscal year 2024: the reported ratio is below -100.0% of revenue, so it does not read as a share of revenue.
Not reported for fiscal year 2024.
Capital Allocation
High Wire Networks Inc. invested $14K in capex in fiscal year 2024, funding long-term assets and infrastructure. This represents a decrease of 30.1% from the prior year.
Not reported for fiscal year 2024.
Not reported for fiscal year 2024.
HWNI Income Statement
Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type.
| Metric | TTM | FY24 | FY23 | FY22 | FY21 | FY20 | FY19 | FY18 | FY17 | FY16 | FY15 | FY14 | FY13 | FY12 | FY11 | FY10 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | N/A | $8.4M-69.0% | $27.0M+0.8% | $26.8M-1.6% | $27.2M+174.6% | $9.9M-61.1% | $25.5M-26.2% | $34.5M+3129.1% | $1.1M+1422.0% | $70K-64.7% | $199K-27.6% | $275K+8971.2% | $3K-77.2% | $13K+409.6% | $3K | N/A |
| Cost of Revenue | N/A | $5.9M+30.3% | $4.5M-76.8% | $19.3M+1.7% | $19.0M+283.8% | $5.0M-77.7% | $22.2M-23.7% | $29.1M+3446.8% | $821K | N/A | $0 | $0-100.0% | $3K-75.6% | $10K+358.1% | $2K | N/A |
| Gross Profit | N/A | $2.5M-88.8% | $22.5M+202.5% | $7.4M-9.2% | $8.2M+65.4% | $5.0M+50.0% | $3.3M-39.4% | $5.4M+2084.3% | $249K+254.8% | $70K-64.7% | $199K-27.6% | $275K+52003.2% | $527-82.7% | $3K+720.2% | $371 | N/A |
| R&D Expenses | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | $138K-80.3% | $699K+76.3% | $396K-7.6% | $429K+3596.7% | $12K | $0 | N/A |
| SG&A Expenses | N/A | $4.5M-20.8% | $5.6M+0.3% | $5.6M+26.2% | $4.5M+200.6% | $1.5M-53.2% | $3.2M-22.6% | $4.1M+3762.6% | $106K-52.3% | $223K-60.2% | $560K+321.8% | $133K+173.8% | $48K-12.7% | $56K+15.0% | $48K | N/A |
| Operating Income | N/A | -$8.6M+28.4% | -$12.0M+8.8% | -$13.1M-256.6% | -$3.7M-154.8% | -$1.4M+58.7% | -$3.5M-37.4% | -$2.5M+46.7% | -$4.8M-458.5% | -$853K | N/A | -$1.3M | N/A | -$703K | N/A | N/A |
| Interest Expense | N/A | $1.2M-52.7% | $2.5M+83.0% | $1.3M+21675.3% | $6K-99.4% | $1.1M-37.5% | $1.7M+51.1% | $1.1M+428.9% | $211K+193.3% | -$227K-450.5% | -$41K-193.2% | $44K+1.6% | $43K+33.6% | $33K+11.0% | $29K | N/A |
| Income Tax | N/A | N/A | N/A | N/A | N/A | $2K-99.1% | $204K-17.5% | $248K | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Net Income | N/A | -$385K+97.3% | -$14.5M+23.9% | -$19.0M-39.2% | -$13.7M-1873.4% | -$693K+88.1% | -$5.8M-351.5% | -$1.3M+81.0% | -$6.8M | N/A | N/A | -$1.3M | N/A | -$609K | N/A | -$1.2M |
| EPS (Diluted) | — | -$0.40+97.5% | -$15.97 | -$0.28 | -$1.00 | N/A | N/A | N/A | N/A | N/A | -$0.03-50.0% | -$0.02+33.3% | -$0.03-200.0% | -$0.01+66.7% | -$0.03 | N/A |
TTM is the trailing twelve months, Q4 FY2024 through Q3 FY2025, summed from the four most recent quarterly filings. A row marked — cannot be summed at all, because a quarter in the window reports no per-share figure; a row marked N/A could be summed, but a quarter in the window does not report that metric.
HWNI Balance Sheet
Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type.
| Metric | FY24 | FY23 | FY22 | FY21 | FY20 | FY19 | FY18 | FY17 | FY16 | FY15 | FY14 | FY13 | FY12 | FY11 | FY10 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Total Assets | $5.8M-46.6% | $10.8M-66.8% | $32.6M-29.1% | $46.0M+500.1% | $7.7M-37.1% | $12.2M-5.9% | $12.9M+135.8% | $5.5M+3106.6% | $171K-49.7% | $340K-80.6% | $1.8M+876.5% | $179K-39.7% | $297K+79.5% | $166K | N/A |
| Current Assets | $1.3M-54.0% | $2.7M-74.3% | $10.7M-3.6% | $11.1M+277.2% | $2.9M-53.4% | $6.3M-30.5% | $9.1M+331.7% | $2.1M+15733.4% | $13K-92.0% | $166K-89.6% | $1.6M+1904.7% | $80K-70.9% | $274K+169.0% | $102K | N/A |
| Cash & Equivalents | $221K-33.8% | $333K-48.6% | $649K+27.7% | $508K+175.3% | $185K-63.4% | $504K-13.9% | $585K+77.7% | $329K+29330.1% | $1K-85.0% | $7K-99.2% | $932K+3570.7% | $25K-88.2% | $216K+451.4% | $39K+804.1% | $4K |
| Inventory | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | $0-100.0% | $3K-84.4% | $16K | N/A |
| Accounts Receivable | $830K+23.8% | $670K-82.9% | $3.9M-50.7% | $8.0M+653.8% | $1.1M-72.6% | $3.9M-41.2% | $6.6M+304.3% | $1.6M+21960.3% | $7K-71.2% | $26K-84.4% | $164K+721.4% | $20K+23.5% | $16K-36.9% | $26K | N/A |
| Goodwill | $606K-80.9% | $3.2M-60.6% | $8.0M-63.0% | $21.7M+1152.3% | $1.7M+423.0% | $331K-81.9% | $1.8M+22.0% | $1.5M | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Total Liabilities | $7.6M-43.8% | $13.6M-69.4% | $44.3M-12.0% | $50.4M+667.8% | $6.6M-59.3% | $16.1M-8.1% | $17.5M+75.9% | $10.0M+281.4% | $2.6M+96.2% | $1.3M+3.4% | $1.3M+6.4% | $1.2M-4.6% | $1.3M+1.9% | $1.2M | N/A |
| Current Liabilities | $7.5M-40.8% | $12.7M-41.3% | $21.6M-32.3% | $31.9M+1217.4% | $2.4M-85.0% | $16.1M-8.2% | $17.5M+75.9% | $10.0M | N/A | N/A | $1.3M+3.8% | $1.2M-0.2% | $1.2M-2.9% | $1.2M | N/A |
| Long-Term Debt | N/A | N/A | N/A | $191K-94.5% | $3.5M-9.0% | $3.8M | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Total Equity | -$1.8M+32.7% | -$2.7M+76.5% | -$11.7M-166.8% | -$4.4M-499.0% | $1.1M+120.2% | -$5.4M+4.4% | -$5.7M-20.7% | -$4.7M-93.2% | -$2.4M-146.1% | -$992K-270.8% | $581K+156.3% | -$1.0M-7.1% | -$963K+11.6% | -$1.1M-13.4% | -$961K |
| Retained Earnings | -$46.9M-0.8% | -$46.5M-45.2% | -$32.1M | N/A | -$48.2M-58.1% | -$30.5M-26.2% | -$24.2M-17.8% | -$20.5M-49.7% | -$13.7M-18.9% | -$11.5M | N/A | N/A | N/A | N/A | N/A |
HWNI Cash Flow Statement
Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type.
| Metric | TTM | FY24 | FY23 | FY22 | FY21 | FY20 | FY19 | FY18 | FY17 | FY16 | FY15 | FY14 | FY13 | FY12 | FY11 | FY10 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | -$1.8M | -$6.1M+22.8% | -$7.9M-274.9% | -$2.1M+49.7% | -$4.2M-689.9% | -$533K+76.6% | -$2.3M-52.8% | -$1.5M-268.9% | -$404K+12.9% | -$463K+61.1% | -$1.2M+8.5% | -$1.3M | N/A | -$553K+8.3% | -$603K | N/A |
| Capital Expenditures | N/A | $14K-30.1% | $20K-95.1% | $405K+333.5% | $93K-19.1% | $115K+1386.3% | $8K-63.6% | $21K | N/A | -$5K-83.8% | -$28K-41.6% | $48K+34.2% | $36K+2023.0% | $2K-91.6% | $20K | N/A |
| Free Cash Flow | N/A | -$6.1M+22.8% | -$8.0M-215.5% | -$2.5M+41.4% | -$4.3M-563.7% | -$648K+71.6% | -$2.3M-51.1% | -$1.5M | N/A | -$468K+61.7% | -$1.2M+9.7% | -$1.4M | N/A | -$555K+11.0% | -$624K | N/A |
| Investing Cash Flow | N/A | $9.8M+5040.2% | $190K+170.3% | $70K+111.8% | -$593K-414.5% | -$115K+88.6% | -$1.0M-694.5% | $170K+45.9% | $117K+796.3% | -$17K+72.9% | -$62K+21.6% | -$79K-21.5% | -$65K-7990.3% | -$802+96.0% | -$20K | N/A |
| Financing Cash Flow | $1.7M | -$3.8M-150.5% | $7.4M+230.2% | $2.2M-56.1% | $5.1M+1459.0% | $329K-89.3% | $3.1M+61.0% | $1.9M+202.8% | $631K+33.2% | $474K+43.9% | $329K-85.6% | $2.3M | N/A | $730K+11.0% | $658K | N/A |
Not reported in any period shown, so not listed: Dividends Paid, Share Buybacks.
TTM is the trailing twelve months, Q4 FY2024 through Q3 FY2025, summed from the four most recent quarterly filings. A row marked — cannot be summed at all, because a quarter in the window reports no per-share figure; a row marked N/A could be summed, but a quarter in the window does not report that metric.
HWNI Financial Ratios
Margins and returns are percentages; the remaining ratios are unitless multiples.
| Metric | FY24 | FY23 | FY22 | FY21 | FY20 | FY19 | FY18 | FY17 | FY16 | FY15 | FY14 | FY13 | FY12 | FY11 | FY10 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Gross Margin | 30.1%-53.2pp | 83.4%+55.6pp | 27.8%-2.3pp | 30.1%-19.9pp | 50.0%+37.0pp | 13.0%-2.8pp | 15.8%-7.5pp | 23.3%-76.7pp | 100.0%0.0pp | 100.0%0.0pp | 100.0%+82.6pp | 17.4%-5.5pp | 22.9%+8.7pp | 14.2% | N/A |
| Operating Margin | -102.1% | -44.3%+4.7pp | -48.9%-35.4pp | -13.5%+1.0pp | -14.5%-0.9pp | -13.7%-6.3pp | -7.3% | -445.1% | -1212.8% | N/A | -471.1% | N/A | -5295.3% | N/A | N/A |
| Net Margin | -4.6%+49.1pp | -53.7%+17.4pp | -71.1%-20.8pp | -50.3%-43.3pp | -7.0%+15.9pp | -22.9%-19.1pp | -3.7% | -636.8% | N/A | N/A | -470.0% | N/A | -4583.0% | N/A | N/A |
| Return on Equity | N/A | N/A | N/A | N/A | -63.0% | N/A | N/A | N/A | N/A | N/A | -222.2% | 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%-38.0pp | -10.0%+114.2pp | -124.2% | N/A | N/A | -73.7% | N/A | -204.7% | N/A | N/A |
| Current Ratio | 0.170.0x | 0.22-0.3x | 0.49+0.1x | 0.35-0.9x | 1.21+0.8x | 0.39-0.1x | 0.52+0.3x | 0.21 | N/A | N/A | 1.28+1.2x | 0.07-0.2x | 0.23+0.1x | 0.08 | N/A |
| Debt-to-Equity | N/A | N/A | N/A | N/A | 3.14 | N/A | N/A | N/A | N/A | N/A | 2.22 | N/A | N/A | N/A | N/A |
| FCF Margin | -73.3%-43.8pp | -29.5%-20.0pp | -9.4%+6.4pp | -15.8%-9.3pp | -6.5%+2.4pp | -8.9%-4.6pp | -4.4% | N/A | -665.7% | -613.5% | -491.9% | N/A | -4177.9% | -23926.8% | N/A |
Reported as filed but not readable as a share of revenue in the periods where the ratio runs further from zero than a revenue base allows; no change figure is given where either compared period is one of those: Operating Margin, Net Margin, FCF Margin.
Note: Shareholder equity is negative (-$1.8M), which causes debt-to-equity and return on equity ratios to appear negative or not meaningful. This can occur from accumulated losses or large share buyback programs.
Note: The current ratio is below 1.0 (0.17), indicating current liabilities exceed current assets, which may suggest potential short-term liquidity concerns.
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Where High Wire Networks Inc. Ranks
Frequently Asked Questions
What is High Wire Networks Inc.'s annual revenue?
High Wire Networks Inc. (HWNI) reported $8.4M in total revenue for fiscal year 2024. This represents a -69.0% change compared to the previous fiscal year. Revenue measures the total income earned from the company's primary business operations before any expenses are deducted.
How fast is High Wire Networks Inc.'s revenue growing?
High Wire Networks Inc. (HWNI) revenue declined by 69.0% year-over-year, from $27.0M 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 EBITDA?
High Wire Networks Inc. (HWNI) had EBITDA of -$7.8M 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 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) recorded an outflow of $6.1M in free cash flow during fiscal year 2024. This represents a 22.8% change compared to the previous fiscal year. Free cash flow represents the cash a company generates after accounting for capital expenditures, and is widely used to assess financial flexibility and shareholder value.
What is High Wire Networks Inc.'s operating cash flow?
High Wire Networks Inc. (HWNI) recorded an outflow of $6.1M in operating cash flow during fiscal year 2024, representing cash used by 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.
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 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.
What is High Wire Networks Inc.'s cash runway?
Based on fiscal year 2024 data, High Wire Networks Inc. (HWNI) had $221K in cash against an annual operating cash burn of $6.1M. This gives an estimated cash runway of approximately 0 months at the current burn rate. Cash runway measures how long a company can continue operating before running out of cash, assuming no additional funding.
Why is High Wire Networks Inc.'s debt-to-equity ratio negative or not reported?
High Wire Networks Inc. (HWNI) has negative shareholder equity of -$1.8M as of fiscal year 2024, so no debt-to-equity ratio is reported: dividing debt by equity that is not positive produces a number that cannot be read as leverage. This can occur when accumulated losses exceed invested capital, or after large share buyback programs. Other solvency metrics like the current ratio or interest coverage may be more informative.
What is High Wire Networks Inc.'s Altman Z-Score?
High Wire Networks Inc. (HWNI) has an Altman Z-Score of -15.80, placing it in the Distress Zone (elevated bankruptcy risk). The Z-Score combines five financial ratios (working capital, retained earnings, EBIT, market capitalization, and revenue relative to total assets) to predict the likelihood of bankruptcy. Scores above 2.99 indicate financial safety while scores below 1.81 suggest financial distress. Learn more in our complete guide to financial health indicators.
What is High Wire Networks Inc.'s Piotroski F-Score?
High Wire Networks Inc. (HWNI) has a Piotroski F-Score of 1 out of 8 computable signals; 1 of the nine could not be computed from available data, so the full-scale strength rating is not shown. The F-Score evaluates nine binary signals across profitability (positive ROA, positive cash flow, improving ROA, earnings quality), leverage (decreasing debt, improving liquidity, no share dilution), and operating efficiency (improving gross margin, improving asset turnover). Scores of 7 to 9 indicate strong and improving fundamentals. Learn more in our complete guide to financial health indicators.
Are High Wire Networks Inc.'s earnings high quality?
High Wire Networks Inc. (HWNI) reported a net loss of $385K while operations used $6.1M of cash. With neither figure positive, the ratio between the two carries no quality signal. This ratio compares operating cash flow to net income. A ratio above 1.0x means the company generates more cash than its reported earnings, indicating sustainable, cash-backed profits. Ratios below 1.0x suggest earnings rely on accounting accruals rather than actual cash generation. Learn more in our complete guide to financial health indicators.
Can High Wire Networks Inc. cover its interest payments?
High Wire Networks Inc. (HWNI) reported an operating loss of $8.6M against $1.2M in interest expense. There is no operating profit to cover interest, so interest must be met from cash reserves or from financing rather than from operations. This ratio divides operating income by interest expense. Ratios above 5x indicate strong debt-servicing ability, while ratios below 2x suggest the company may face difficulty meeting interest payments if earnings decline. Learn more in our complete guide to financial health indicators.